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- Belfer Center for Science and International Affairs, Harvard Kennedy School Belfer Center Newsletter

Ray Dalio Applies Lessons From the Past to Today’s Financial World

| Summer 2018

The great Harvard economist John Kenneth Galbraith once wrote that “there can be few fields of human endeavor in which history counts for so little as in the world of finance. Past experience, to the extent that it is part of memory at all, is dismissed as the primitive refuge of those who do not have the insight to appreciate the incredible wonders of the present.”

Billionaire founder of the world’s largest hedge fund, Ray Dalio has taken it upon himself to break that mold by championing the use of history in the financial world.