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Ray Dalio says anyone who wants to understand today's world should read a 32-year-old book about empires

1 month ago   |   By Business Insider

Ray Dalio is the founder and cochief investment officer of Bridgewater Associates , the world's largest hedge fund.
Dalio discussed key moments from his career in an episode of the Business Insider podcast "This Is Success." In a bonus segment, he explained why he considered Paul Kennedy's book "The Rise and Fall of the Great Powers" the best book he'd read in the past year.
He considers it important reading for today, especially in assessing the emerging power shift he sees between the United States and China.
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