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Fortune
Fortune
Sheryl Estrada

Ray Dalio says these 5 historic cycles are driving today’s markets

Ray Dalio Fortune United States Davos
(Credit: Getty Images)

Good morning. Leaders across sectors joined Fortune on Wednesday at the USA House in Davos, Switzerland, for a special series of conversations exploring the state of the U.S. economy, business innovation, and new frontiers for growth.

As an investor for more than 50 years, Bridgewater Associates founder Ray Dalio told Fortune’s Kamal Ahmed that, after studying the rises and declines of reserve currencies in major empires over the last 500 years, he sees the same patterns repeating “like a movie.”

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