Ray Dalio on Failure, Meaningful Work and Relationships
Masters in Business
00:00
What Was Your Role in Chicken McNuggets?
McDonald's came up with the idea of the chicken McNugget, but there was a lot of volatility in prices. So I calculated how they could essentially hedge their cost by buying corn and soymeal futures. And then they locked in the price for chicken McNuggets. "I loved really commodities then," he says.
Play episode from 05:08
Transcript
