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HBR IdeaCast · 2026-01-20 · 30 min · 5,092 words

Ray Dalio on Economic Trends, Investing, and Making Decisions Amid Uncertainty

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Turn breakthrough ideas into real results at the virtual HBR Innovation Summit this November with top CEOs and masterclasses on AI and growth. Register by September 30th and save 25%. Learn more at hbr.org slash innovation summit. I'm Audie Ignatius. I'm Alison Beard and this is the HBR Idea cast.

So Alison, there seems to be a consensus that it has never been harder to be an executive. give. Some of it is internal, we have technology requirements, we have talent challenges, and we've created ever more complex organizations that test our ability to manage them. But a lot of it is external. There's an unstable global environment that we have to understand and manage to lead effectively.

Yeah, of course. Economic trends, geopolitics, technological disruption, we've set it Once, we'll say it again, these are all things that leaders in every industry and most levels have to stay on top of and have a view on. So I'm hoping today's guest offers some interesting insights on how to think about this big macro environment. He has a long history of successful investing, and he spends a lot of time thinking about how global forces are remaking the business and investment climate.

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