Hedge Fund Legend Ray Dalio On The Economy
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- Опубліковано 27 вер 2024
- Ray Dalio is the founder and co-chief investment officer of Bridgewater Associates, the largest hedge fund in the world. Dalio is sharing his template for understanding debt crises, which he says helped him and his fund foresee and navigate the financial crisis.
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What a great non interrupted inverview. This guy is full of knowledge. Host also did a great job.
I agree. Sometimes doing a great interview means shutting up mainly. Questions were good too though.
The host was terrible dude. Business Insider is a crappy Place.
Finally Ray Dalio is happy to have a smart person interviewing him. Shame on CNBC and Bloomberg.
And Gary too
Does Dalio ever consider that it is not the lack of pencils but the lack of parental guidance encouragement and a father in the home that root of failed education in most of our society? Also does ray see from his billionaire ivory tower the fact that healthcare costs are spiraling out of control and the solution lies 90% in prevention ? you cannot keep shoveling expensive drugs endlessly to the millions of 300-pound diabetics with expensive meds - expensive triple bypass surgery! Hint : $50 per unit robotic surgery is not the answer... Prevention is much more effective and the only real solution!
@@samkamath5826 shit even Tony Robbins blew it too
The interviewer must've read our comments under the CNBC and Bloomberg interviews. Good job.
I think so
What did they say there
For sure they did! They didn't want the backlash.
Dew Time
The interviewers were constantly interrupting Ray and then arguing with him like they are on the same level as him.
Completely agree! The CNBC interview was a disaster, especially that axxhole-farting Joe.
when i started investing , i didnt knew Ray Dalio.....
when i am in a recession i learned a lesson and will follow him now on
Me too.
Everything he says should be viewed through the lens of him being a HF manager. He is literally paid to be bearish, because that is the only reason you would invest in a HF as opposed to a long fund. Why do you think Bill Ackman is on CNBC every week speaking in a fake shaky voice telling everyone we are going to "be in hell within 30 days"? They are manipulating the market in their own favor.
please explain yourself?
Yup, I also had to learn a lesson or two in recently.
What a fabulous interview. I agree with another commenter about Dalio in 2020. If not as president, then for God's sake, get this man involved in economic policy making!
Well, it's almost universal for this planet to have cunning assholes in government and not smart&honest people. ANY decent economist would swing policies for good.
Scott Temple thankfully Ray is already involved in policy making! As he explained his books "Principle", Ray helped the US federal government navigate the global financial crisis. He also said he has helped leaders in China as well as Europe with economic policy making. He has been involved behind the scenes for a long time, let's just hope politicians are smart enough to listen
And Obama was logical? Trump is one of the best things that has happened to this country. Keep Democrats OUT!
Mark Tutone Obama was reducing the budget deficit. The orange one just blew a two trillion dollar hole in the budget at the end of an expansion. What an idiot.
Agrigator He dropped the deficit by 2/3 after mopping up Ws mess. He’s the lowest spending president in more than a generation.
Finally they let this genius talk without interrupting him every 5 seconds. Great interview
Genius? Globalist puppet is more like it....
When Ray says "Rivalry" in the late 30's of Germany and Japan versus the USA (that's not strictly correct), Germany + "Reichsbank" borrowed a hideous amount of money from the USA for recovery from what would now be called "Austerity measures" today + reparation from Versailles treaty. Japan was in a very different situation. The Americans were not cognizant that Germany's chancellor was going to turn his "Miraculous" 4 and 5 years plans into another Great War. The assumption was that the Germans would stop at the Sudeten Land and that would be that. The mild hypocrisy is that America would have stayed out of the War had not been for Japan (Dec 7th 1941), but prior to that WAR is (unfortunately) big business. The USA war effort output made the USA what it became... While the rest of Europe was in ruins. Currency manipulation of sorts is what actually enabled Germany to reconstruct (Under Marshall plan) and become what it is today. I think Ray Dalio's "Thesis" is that economics drives all politics BUT if the 20th century is anything to go by then sadly ideologies are the drivers that exploit economic situations. Tail wagging dog or dog wagging tail. However today we have China that for the first time is a strictly communist country that is Capitalist... That's never happened before and the USA politically can never implement a draft so we have this medium grade "Perpetual" war... I REALLY don't think that crude past analogues are useful to model the future in this case. The world today IS very different today because of what we (globally) have gone through in the 20th century. No repeats in this case.
Chuck T. More of a hustler
Does Dalio ever consider that it is not the lack of pencils but the lack of parental guidance encouragement and a father in the home that is short changing education in most of our society? Also does ray see from his billionaire ivory tower the fact that healthcare costs are spiraling out of control and the solution lies 90% in prevention ? you cannot keep shoveling expensive drugs endlessly two the millions of 300-pound diabetics with expensive meds - expensive triple bypass surgery! Hint : $50 per unit robotic surgery is not the answer... Prevention is much more effective and the only real solution!
@@2MagsnotClips Does Dalio ever consider that it is not the lack of pencils but the lack of parental guidance encouragement and a father in the home that is short changing education in most of our society? Also does ray see from his billionaire ivory tower the fact that healthcare costs are spiraling out of control and the solution lies 90% in prevention ? you cannot keep shoveling expensive drugs endlessly two the millions of 300-pound diabetics with expensive meds - expensive triple bypass surgery! Hint : $50 per unit robotic surgery is not the answer... Prevention is much more effective and the only real solution!
Good interview of Dalio, way better than the terrible job CNBC did.
That guy Joe on CNBC is a joke for an interviewer.
this guy actually let him talk. I thought that was the point of the interviews?
Exactly!
@@Julian-cm9bo CBNC people, every time the interview fire an alarm, they cut them off with their noisy mouth, to make sure the audience doesn't hear the alarm and freak out.
CNBC has a listening problem. Firstly they dont know anything and then they wont even let Ray talk. Seriously dumb people at CNBC.
I for one never imagined how lucrative hedge funds company could be. You’ll be surprised how much you earning in a couple of months just because of the online market, it’s remarkable
No doubts
I would definitely love to learn the craft of making buys and sells myself making profit myself but I would take earning with a good company while I learn
We always quick to forget how intimidating and knowledge consuming the market can be, it’s always best to go about it with help from a professional only then can we say it’s indeed lucrative
Hammer to the nail bro
I took so much losses onset of my career solely trying to be trade pro, it was at the later under the mentoring of Noud Mikan I began getting profitable ends
I looked him up he’s no kid. A skilled expert you’ve got there. I feel this is also a major issue finding the right person to help. Most just want to make you money rather than teach
@@milepottsman2034
Facts man after a seminar where he was the speaker his bio page was dropped on there..
noudmikan. info
You can say he’s remarkable
Great job by interviewer! Best Ray interview that he's done latley.
Are you serious?
@@chtomlin yes. Ray was given time to answer questions. And the interviewer asked good questions (they were kinda softball fanboy questions but still very informative).
"Maybe in 2 years" Boom, 2020, recession starts.
just lol if you didnt predict coronaaAAAaaA
his 1.5B put 4 months ago protected the portfolio from the Corona crashes
@@lucascederqvist7915 corona is just the match that ignited it all, the bubble has been forming for a long time now.
so?
Moshe considering the crisis, the fact that stock market dropped just 33% suggests that there was no bubble, credit can be expanded forever, helped by the fact that interest rate is 0
Finally an interviewer who does his job well and lets dalio talk. Thank you!
Fantastic interview with Ray Dalio. The anchor was incredible, great job Business Insider.
The fact that this video only has 1,200 views while the latest puppy video has 12m should tell you why we are all screwed.
This must be one of the best economic commentary I've ever watched
Very true.
who needs this shit sandwich. The smartest minds from ivy league go to the banksters and they still are dumb as bricks. Wall Street Is inhabited by a small population of very sick and addicted devil dogs.
I prefer the puppies.
that's why the next downturn coming and people will be struggling and confused and use their vote to hope for a better leader to change everything.
unlike many, when you listen to Ray you see why he's one of those worth 18 billion. Highly intelligent man
Very true, maybe he can pitch in and help with those school pencils?
@irregularexpression because he complaining about it still being a problem. Hundreds of millions buys pencils for all those kids....I have no problems with what anyone does with their wealth, I just have a problem with someone speaking on my behalf through government handouts.
So, one can't put a light on a problem without having to solve it at the same time? That's one very interesting way to look at things... Making examples makes it easy for everyone to understand how bad a situation is, like in this case. And yes, he does plenty of investments that helps with education as well so you are both wrong and totaly off point here.
Yes he makes money, but that not mean he should make policy. Does Dalio ever consider that it is not the lack of pencils but the lack of parental guidance encouragement and a father in the home that root of failed education in most of our society? Also does ray see from his billionaire ivory tower the fact that healthcare costs are spiraling out of control and the solution lies 90% in prevention ? you cannot keep shoveling expensive drugs endlessly to the millions of 300-pound diabetics with expensive meds - expensive triple bypass surgery! Hint : $50 per unit robotic surgery is not the answer... Prevention is much more effective and the only real solution!
@@ClintSevilla somewhat agree with you. A bit of fooled by randomness principles apply the same titled book by nassim taleb:) Does Dalio ever consider that it is not the lack of pencils but the lack of parental guidance encouragement and a father in the home that root of failed education in most of our society? Also does ray see from his billionaire ivory tower the fact that healthcare costs are spiraling out of control and the solution lies 90% in prevention! you cannot keep shoveling expensive drugs endlessly to the millions of 300-pound diabetics with expensive meds - expensive triple bypass surgery! Hint : $50 per unit robotic surgery is not the answer... Prevention is much more effective and the only real solution!
Every interview should be like this one ☝️
momentinpassing the rich do not pay taxes because they understand the tax law, you should read on it...the law contains hundreds of ways you can legally do things to avoid paying tax. Only the first few pages are about paying taxes. Unfortunately they’ll never teach you this at school.
Interviewer is awesome finally there is an interviewer in the world who give respect to Ray dalio
What an irony; disconnect in connecticut.
It was connected until it's cut
😂
That’s how an interview supposed to be conducted. He did not interrupt Ray after every sentence unlike CNBC smh.
I am thankful that Ray Dalio has been so generous in sharing the basics of his views on the economy and markets over the years, sharing the wealth of his accumulated insight even as he earned himself a fortune.
And I am thankful that Henry Blodget, scapegoated in the burst of the internet bubble (one of the few punished for the fraud that was) found a way to undo some of the damage of his earlier life by being a rational and pragmatic voice for all of us.
Good interview!! learned a lot as a young finance professional. Thank you Business Insider. Love from Pakistan :)
you invested in shanghai stock exchange?
A MAN who sees the truth, and is WISE ENOUGH to realize the REAL value of TELLING the truth to those who will listen.
A real gift. Ray Dalio is on a short list of mine..The list is of those rare men that actually are worth following.
Please be worth his time and listen.
Finally, an interviewer that doesn't interrupt Ray and really engage in a meaningful discussion. Thank you Business Insider and thank you Ray!
13mozg ......ANOTHER FAKE SHILL
holy crap that was one of the more influential videos I've seen in a while
It was fantastic, have you seen his animated video on the debt cycles?
What an interview!!! anyone here in quarantine?
Knowing nothing of the gentleman Dalio, I enjoyed every second of this interview.
Ray Dalio 2018: Maybe the downturn is in two years...
the pandemic is a perfect storm. Even without it, the downturn would be triggered by something else this year anyway. The marked will go down in next couple of years.
I loved this interview. It was actually guest explaining his point of view with smart questions and without getting any interruptions. Fabulous job!
Great interview, learned more from it than the CNBC and Bloomberg ones combined because Ray was actually the one talking.
Ray Dalio 2020
We already produce more for less pay fuc dat. Fat cat telling the skinny cat how to eat.
And Dimon for VP!
@@publicdomain1103 trump 2020
Chief O'Hara or Commissioner James Gordon 2020. Hopefully Trump will get impeached first and the stock market will crash 90+ percent to fair market value.
Two different perceptions...this is the only Dalio interview to watch. (of the two mentioned).
Just before the 8 minute mark Ray is asked 'the' question. And Ray gives "the" answer, the right answer, that had the answer been on the minds of Government, business, and banking leaders form the beginning of the 1st and 2nd Industrial revolutions, and even been contemplated in our third, and envisioned (it's not, automation replaces people) in the 4th, we would not be in the predicament we are now deeply embedded. The key to Ray's answer was equal and adequate opportunity, not equal and adequate wealth.
Every hemisphere, every global quadrant if you will, exercises capitalism the same way, opportunity, shmunity. I want all I can get, and I want to pay everyone else as little as I can get away with. I do not and will not afford opportunity, but limit it, so as to corner opportunity, as my asset, one I control, so that every every chance is my fortune to be made, where I begin again my cycle of greed.
That's very well put. Greed (which President Trump is known for) is NOT Good. Honesty, Integrity, Faith and Goodwill to all brothers and sisters of the world... Trump, you've shown the world dark side of mankind... Greed, Disrespect, Dishonesty, Narcissism... the list goes on and on. Dalio would be 110% better for the USA and he's richer than Trump although Trump would claim he's MUCH RICHER. The USA has put a errant uncouth monster in charge... and although things seem good now... there will be ramifications for many years following Trumps Gig as a World Divider.
The word “truth” has lost so much of its substance that you need to put “radical” before it for it to have meaning.
Thank you for saying this! 🙏
his ideas about market timing versus diversification aligns with Solomon's wisdom and nature's law concerning a crisis
He said 2 years! and here we are now 2020...
I have just finished reading the book....... somehow gaining all that new knowledge made me even more pessimistic.......
The Purge is coming, run for your lives!!!!
Such a great interview. Thank you so much for this!!
Ray is awesome. Look at him spillin' the beans.
I read principles and really enjoyed it .I'm looking forward to reading the next 2 .Thanks for such great books.
Finally a good interview THANK YOU!!
I’m excited to look forward to economic and investment principles. Oh, I love the era I live. Thanks so much for sharing your 43-year experience. And thanks for conducting an insightful interview with Ray Dalio.
Ray Dalio is Genius i love him so much 💕😘❤️♥️
Interviewer and intervee all worked well. Great!
Immense respect for the level of comprehension and consideration here. Talking about the several crises in a realistic, non-political fashion. Medical Debt, Education quality as ROI on education debt, Microfinance.
as a non-native speaker, I'm pleased with the provided English subtitle, thanks business insider!
we are in 2020 and this fully applies to today¨s situation! I keep listning like to an oracle...
i find dalio remarkable ,great insights and wisdom ,,with consistent focus and learning over and over ,,at least i can imporve my chances .....
It says that it was 2 years ago... It's quite eerie thinking the bubble could bust at any second.
Only in America, one of the primary symptoms of poverty is obesity
This is how interview should be, you ask question and then you listen. If you want to interrupt and express your own opinion, then that is very hard for audiences to watch or listen. Good job, this is apparently better than CNBC. Feels so good. Thank you.
What a relief to hear such honesty and genuine concern to make things better - a total surprise.
Ray Dalio is one of my favorite investors
Reading his book on principles. Looking forward to learning from this brilliant man.
Great interview, thank you! I hope our policy makers take him seriously
Its not in their interest to do so.
He needs to become President
He gives such good insight.. even if you have to break down his lingo and study terms… he helps you understand the economic style as a whole.
"When the rich take money from the poor
it's called business,when poor people resist
it's called violence." Mark Twain
May I suggest you look at Austrian economics I feel like it'll help you understand a bit more whats going on than the socialist sayings of Mark Twain
@@Alfie-ni7lx don't take this too literally lol
14,000 views now (7 months after first published) All but 500 of them in agreement with Ray Dalio's take on what's happening / likely to happen. That's a clue to how "the people" are feeling at this point in time...understandably so.
Cracking interview! I'm all for Billionaires with ideals around health, education, job opportunities and wealth gap management being the ones to inform policy development. Not real estate putses and their goons, who want to strip costs out of everything and line their pockets.
“What do I - as a normal person - look at to know when it’s the ninth inning I should start transferring and preparing for disaster” - you listen to people like ray dalio
I'm happy that's listened to this video to the last, because he was said that's good thing on the end.
Almost a year on, had to revisit the wise words of Dalio, are we in the 8h inning??
yikaalo iyasu how’s his fkn 7th inning call then, bloody spot on.
Dear God! Ray please run for president!
He proposes only more socialism. He is part of the problem not any solution.
Why? we don't need another globalist hack....
@@ebrelus7687 finally someone who gets this guy....
Sorry if my comment was misunderstod, I claimed that, because I share life principles with him and I like his understanding of the global and domestic economy
But its my opinion, I never ment to say that what I want or like is the best option outthere or that everyone should agree with me, I just like him and in my opinion could do a great job, but i'm not an expert either on politics or economics :)
Regards folks
@@ThePorschefan as a globalist pawn he should have a good grasp on globalist cabal intentions
Ray Dalio points out the issue of productivity. Some key points: how women were introduced in the workforce. He mentions the issue of large number of disconnected/disengaged students who will not be adding to productivity of the economy. One deficiency in his view is that of rise of robotics and AI which adds to productivity at a much higher level than humans can. I would be curious to know if he has considered this in his analysis on the impact of the economic downturn.
stock market continues to make new highs in November and December of 2019. .
Jonathan Black this aged well...
perfect
Come again
Best explanation of our present business cycle I have ever heard.
A day with ray dalio is more valuable than winning a million dollars
I'm surprised US does not have a reasonable minimum wage for hospitality workers but expect them to earn money through tips. This is like making them beg..
its not making them beg if you understand that the positiom is basically sales amd commission and understand the business youre in and location as well.
if you look at is as making people beg then your view and assumption needs to be adjusted to that field.
One of the best financial interviews so far. The interviewer did a great job.
(21:25) "Meaningful work and meaningful relationships through radical truthfulness and radical transparency because they reinforce each other". I love this guy. Still human. Maybe these come true some day.....
Great Teaching Ray, going get your 📖, please Run for President in 2020, Interviewer great work on allowing ray to speak.
No we need this guy making money, not wasting his time as President. Smart people should never go into politics.
Ray Dalio is one of the most respected individuals on Wall Street. So many great points that he made in this interview. Thank you Ray.
Ray is an absolute genius
Ray seems like a very smart and humble person. I'm sure there are a lot to learn from him with his upcoming book.
Why doesn't the president speak as eloquently and intelligently as dalio?
The president can't even close an umbrella and you wonder why he isn't intelligent or eloquent.
The last nine presidents before him couldn't close an umbrella or use it properly
很好的采访，学习了ray的投资思维。
My only debt crisis is that I cannot acquire enough debt.
At this moment, I have zero debt.
Debt/leverage is a beautiful thing when used responsibly and efficiently.
U got a new suscriber n this guy Dalio my respect, just going to buy his book hopefully kindle has it, if not as e-book tell him to make it asap, he's old guy maybe doesn't know many of us use kindle these days
Ray Dalio's back to 2018.... warning us to prepare for this time 2022....
So far, as I learn the basics of trading, I’ve found Alec Payden to be of great help in earning from my investments. I’m definitely investing more with him.
I personally lost money countless times trying to trade and build my portfolio not till I came across recommendations of Payden. He’s been helping me build my portfolio ever since.
How do I reach him please and what’s his fee?
Trading for me is more of gambling, that’s why I never indulge in it.
Jay clark Jay clark Talk to him... *Alecpayden (a) g ma il. c om* ... He charges just 25% commission for his services.
Yoon Young For me, I don’t think it is. If you truly think it is then you must have been doing it wrongly.
"its not just a wealth. Whats more important is the opportunity gap"
Incredible interview! I look forward to reading his book.
Hey Jether you are cute.
The interviewer did a phenomenal job. They should use this video to educate all of them.
Ray Dalio, one of the icon on investing.
Specifically what does he mean by financial assets, is he talking stocks?
Is the federal reserve is buying stocks?
Gar Leto No, he means government securities(treasury bills, bonds, and notes). They do this so the government can use the cash to invest in public projects that stimulate the economy. The federal reserve cannot invest in companies. Hope that helped!
Maybe they do indirectly. By lending at almost 0% to banks for years, the investment banks hold more stocks.
The Federal Reserve bought US Treasury bonds and Mortgage-Backed Securities (MBS). At the height of QE3 it was around $85 billion a month.
Financial assets include stocks, bonds, real estate, private equity (and many more). They're things people buy for a financial return (or preservation of money/wealth)
One of My Favorite CEO’s
It’s a viscous cycle that will end in disaster. Corporations make profits, their stocks go up, owners of company stock gets richer but the workers are excluded from benefiting from the profits they worked to make. Instead of giving meaningful raises that raise the standard of living for it’s workers, corporations want to squeeze every last penny into profits for their shareholders and company executives. The wealth gap will continues to widen.
Indeed! Due to wealth not being distributed to the workers the velocity of money slows down, less food/commodities being purchased in bulk, rapid financialization (consumer debt, payday loans, quick loans) and hyper efficiency (lowest common denominator products getting massive marketshare), and as a result when the downturn does come it'll rip apart entire communities.
Exactly. And the solution from this genious is increase of productivity. How, kids to work and working day back to 12 hours? Nobody wants to touch the system
Except no. The USA has wealth inequality, but nowhere near as bad as India, Southeast Asia, Africa, South America, etc.
Your assessment is poorly researched and overly emotional
@@iamdmc entirely emotional. You are obviously a thinking person. We humans make approximately 90 % of our decisions based on our emotions.
How are the workers excluded? Workers like myself and my father before me bought stock in the companies we worked for. End in disaster? I am an old guy now and have been listening to this crap all my life and all my life I have seen the world getting better and better. Why not just get into the fetal position and stop eating....you will be happier. ...sorry
I agree with the other commentators. I saw the interview CNBC did and it was super painful to see; the CNBC interviewer just keep interrupting Ray Dalio. I wonder if anyone behind the scene really paid attention to the interview and cue them not to interrupt him.
The pitchforks will come soon the question is who will get hurt during the process.
Agree with many viewers, this was a very good interview with interesting opinions and analyses. The BI host allowed time for Ray to explain various ideas and events in depth. Therefore, I found this interview to be very insightful. Further, the host made Ray the focal point rather than himself throughout the interview while injecting questions at appropriate times. Thanks for being an effective BI host and sharing this video.
Cnbc should hire this guy
CNBC should go bankrupt
😂😂😂😂
Thank you Mr. Dalio for the book and for doing many interviews to educate those who are interested. Just one little correction: the plural of crisis is crises, and it is pronounced cry-sees.
Great interview. Everyone always talks over and interrupts him
First thing that came to mind is "maddoff". He was very convincing when getting folks to trust their money to him....
The best content BI has ever put out.
Great interview with Dalio. Really should consider running for office. Everyone says economic downturn in 2020. By almost every metric the market is over valued right now. I guess foreign buyers are investing in the US equity and bond market more than ever.
Yeah, listen to Dalio, forget Cramer of Mad Money!
It's all very simple, your age and your ability to remain gainfully employed are all you really need to know to decide how to spend and invest. It's all about remaining solvent through the economic ups and downs. Can you remain employed while others are furloughed, still save, still pay mortgage/mortgages until the next upcycle? Are you one of the exceptions to unemployment? All personal strength questions only you can answer.
The strong drones will survive, and those who faulter during down times may not. Repeat until retirement or death.
This is one of the highest quality videos on youtube
I don't know about anyone else but I'm absolutely salivating for Economic and Investment Principles. 6-12 months though...brutal.
USA Prediction 2018/2019
Stock prices:high
unemployment rate: low
Debt: built up
Tightening monetary policy
Winter is coming.
But not until "earnings season" is over!
I really feel like he was holding a lot back. Like he wanted to say a lot more, extrapolate on points and expand on his analogies and examples but that he was holding it back and trying to summarise a lot to try and have a little simpler message.... I would love to have him on for a few hours to really expand on his thoughts and lay it all out.
Very interesting guy.
Mr. Dalio, you are helping create the economic crunch in the US.
Great interview. Great work Ryan.