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Walter Joseph Daly was born in Michigan City, Indiana, in 1930. His family moved to Muncie, Indiana, when he was 3. Daly attended Indiana University starting in 1947 and majored in zoology as a pre-medical school subject. He attended Indiana University School of Medicine, did a residency, served in the army, and did research before joining the Indiana University School of Medicine faculty. In 1970, he became chair of the department of internal medicine and dean of the school in 1983. He reflects on the mission of Indiana University and its medical school, the university's presidents, the cost of tuition and the cost of health care.