Legendary Investor Ray Dalio Breaks Down Everything You Need to Know About the Current World Economy
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- Опубліковано 26 чер 2024
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History’s patterns repeat, but many things (like truly severe pandemics) may only happen once in a lifetime. So if you only think about what you’ve personally experienced, you will be unprepared for the future. As a dedicated student of history, Ray Dalio is on a mission to help us weather a coming economic storm that may be even worse than what happened in the late 1920’s and early 1930’s. In this episode of Conversations with Tom, Ray Dalio and Tom Bilyeu discuss the current severe recession and the debt crisis that preceded it. And while Ray does advocate planning for the worst-case scenario, he also offers a powerful reminder that you don’t have to do this alone.
SHOW NOTES:
There’s a pattern to history, but some things only happen once in a lifetime [0:41]
Ray discusses debt crises and the problem of money creation [1:29]
The Federal Reserve is part of the government but outside of politics [5:38]
Money is digital. So how do we know it’s going to be of value? [7:37]
Ray talks about the large wealth gap and the rise of China [10:04]
Look at your income, expenses and savings, and then do a stress test [12:31]
Ray advocates intelligence and non-antagonism in politics [17:07]
Ray discusses the success of FDR in dealing with depression and debt crisis [19:47]
Ray strongly advocates for the virtues of a complete education [22:38]
Tom and Ray discuss the importance of skill acquisition [27:35]
You don’t need to make your decisions in your head. You can ask others. [33:56]
No one is going to come to save you [36:32]
You’re better off knowing that you don’t know than believing you know when you don’t [39:06]
Tom talks about the need for people to aggressively get educated and acquire skills [43:04]
What you don’t know is greater than anything you do know [47:42]
Ray is extremely curious, and he loves learning about the world and then betting on it [50:24]
When Ray was 12 years old, he started investing with his earnings from odd jobs [53:32]
Ray thinks the decline of the US empire will be manageable [57:11]
Ray advocates again planning for the worst-case scenario [59:57]
FOLLOW RAY:
WEBSITE: principles.com
INSTAGRAM: bit.ly/2zokFsZ
FACEBOOK: bit.ly/35PZHzi
TWITTER: bit.ly/2YTYmGc - Розваги
Tom just a word of advice. When you have guys like Ray on your show you only need to do TWO THINGS!! 1) ASK a question 2) Keep your mouth shut until Ray tells you to talk. Stay in your lane when interviewing guys of this level.
Agree with Mark.
Yes!
For real, anyone can type 'what is a bond' into google. When you have Ray Dalio on, don't waste his and our time.
Thanks Mark for posting this comment. It was quite painful to watch. But always impressed with Ray.
I have to say, it’s painful to watch.. Tom just keep interrupting and wouldn’t even let Ray to finish the sentence..
Ray is easy to interview once you let him speak it’s pretty much autopilot. So many great ideas - wish he just had a podcast that he can talk without interruption.
That's so true. I've seen him interviewed a few times and the host (Tom) seem to want to pontificate their own ideas. It's an opportunity to learn from Ray, not Tom. We love Tom, but please let Ray just...flow.
I know right. Every single interview I've ever seen with Ray, the interviewer just keeps interrupting him. I was hoping this dude would be better but he's just as brutal with his interruptions. Just let the fucking genius SPEAK for god's sake!
Would be nice, but at Ray's level, multi billionaire, its not neccessary, better for him to go on different shows. But yeah Tom wtf?
I really respect Tom a lot. Particularly in the early days of Impact Theory Tom used to be so patient and listen to his guests like he was trying to learn from them. The last year or so though he doesn't seem to be as interested in his guests, or maybe he's just more interested in his own ideas or something.... At any rate we come for the interesting guests not to listen to Tom drone on about the same things over and over.
It's no secret that Ray is one of his mentors, and now he finally has him on the show and all he does is interrupt him and ramble on endlessly. Kind of frustrating. I am very hopefully though that Tom is open to constructive criticism of he walks the walk that he talks. Perhaps he will swing back to asking interesting and concise questions and then listening... You know so we can listen too.
he has a book.. audible search "the principles..."
Ray's so patient dealing with this guy, I think Ray needs a lot of credit for doing this interview thanks Ray
Ray is so financially brilliant he doesn’t know how ignorant most of are in that aspect. The interviewer was trying to get him to dumb it down for the common folk. Respect to both for sharing knowledge✊🏽
Not the best interview, but Ray is top notch and shines no matter. It’s well worth going back to his other interviews and watch again.
He is patient this guy is so bad
Ray is such a nice guy with a gold heart. Can see it from reading his book - principle
He exercised his humility muscle, agreed.
If you're not failing, you're not pushing your limits, and if you're not pushing your limits, you're not maximizing your potential. Awesome quote by R.D 💯💪
You and Andy really be on the same page 😂🤟
I used to be a bigger fan of Tom Bilyeu but recently I see the interviews are having so much interruptions due to questions that makes me a bit nervous. In this case, Ray Dalio has a different way of explaining things - basically he could lead the interview by himself, less interruptions would bring much deeper IMPACT. Not sure what has changed but the videos used to be more relaxing back in time.
Its a tad bit robotic rn. 😬
I was making notes when Dalio started mentioning about three things we need to take care off. 14:46, even Dalio seems pissed off by his interruption
He is breaking it down
Ray can talk forever if he isn’t interrupted this interview is excellent at getting to the meat
I thought he was very clear when he talked about the basic three things - income, expenses, and savings. And the interviewer kept asking how one can tackle this situation. It was a bit frustrating to watch.
Ray is my idol ! What i love about him is that he assumes that he doesn't know the future and its open to leaving.. Very humble guy inspite of all his success with bridgewater
@@nikkyaide8864 Nikky explain more ?
@Nikky Aide what do you wanna know from him ? his bank code ? LOL
@@nikkyaide8864 bro what are you talking about? you work for billionaires? bro im telling you let me work for you or for them or whatever and i will be the best at that job. tell me more or contact me or something !!
@@nikkyaide8864 yes we all have those feelings of jealousy. Someone else might be jealous of your life. Fyi you are in a perfect place on your journey as they are in theirs. Come checkout my channel as we go in these conversations deeper 🙂🙏
@Nikky Aide that is too much privilege on your side LOL
Ray Dalio gives us a lesson on how to be humble. A great man like him does not get irritated or impatient when Tom is constantly interrupting his economic analysis and when Tom asks stupid questions, he always tries to add value to the interview.
Tom you have just destroyed the interview. Let the wise old man talk.... And when you bring a guest like him, keep your questions ready. Don't waste time talking some clueless thoughts.
Agreed with Rajib
A good interviewer is reflective and buildings on the conversation which Tom does well
Tom is making it simpler.
@Cary Sontag He's a billionaire who moves markets by farting . Who are you? Sniff his shit and learn
exactly!
Why ask a hedge fund manager about skill sets for future employment? He’s not a HR manager, ask the guy about the direction of current economy
yes right
I got so excited when I’ve seen the notification having Ray Dalio on the show. I’m sorry to say this has been a tad disappointing. Ray is such a genius in finance and economics, no offence but the question were way off. There could’ve been way better angles to tackle this interview. Please remember your guests’ area of expertise when structuring the questions. (Hope this feedback is constructive)
I agree with Amy. This was a getting a legend to explain high school principles. Sorry to say I think Ray's time was wasted here.
Im surprised none of you seem aware this is all orchestrated at a higher level
Amy Leefts great point, I did get value out of this but I understand exactly what you’re saying.
@@murraybaker3974 this is very true like what is a bond?
Excellent point. It also drives me crazy when people interview him and interrupt him mid-thought. Let this man finish.
Economics is difficult to teach. Ray Dallo explains well as few economics professor could. Tom asks the right questions in behalf of most viewers with less knowledge about the complexity of the economic crises. Much thanks to Ray and Tom. This is the best interview on economics and finance in the real world for most people.
Dude let him talk. I understand that you’re trying to clarify the points but don’t interrupt him on every sentence Ray makes. Goodness, Ray starts smirking
He is talking too much
I found it valuable, tho!
Perhaps, others, also?
absolutely agree. If you bring on an expert you should let him talk. A number of themes did not get a better response because Ray was interrupted.
Well tom is explaining things people don’t understand. As rays going over a lot of things. It was great interview
Agreed. It’s a skill he needs serious practice on. Part of being a good interviewer is active listening. He always seems to be thinking of a question while the expert is still explaining. Super annoying.
Hate when they don’t let the guest finish his points.
Tom is really clueless when it comes to economics lol
I am relatively new but maybe Tom's style is a brisk New York Banter, verbal tennis? Just my impression though I appreciate communication skills.
@@danaharden6283 Not really, he interrupts when he should listen, but when some of his guests make the most outrageous claims, he doesn't push back and just says: mmmh, interesting. (Especially with the 'spiritual' guests like joe dispenza)
There were moments Dalio seemed flustered when interrupted as he was trying to complete his thought. Good to have had a chance to hear this nonetheless. Tom has excellent content.
Ha
What a great conversation here. Dalio is exactly who I needed to hear from today. There are so many important principles here that so many people do not understand cause they are too “busy” watching Netflix.
who gives a fuck about other people lmao why do you even care
Looks like you care more than I do. Lol
@@tpdircks not really dude
If you’re not failing, you’re not pushing your limits, and if you’re not pushing your limits, you’re not maximizing your potential
Ray Dalio🙏🏼
@Supersonicat are you more successful than ray dalio ?
@Supersonicat Read the entire sentence. The virtue and goal is not to fail - but to push your limits. Those that don't experience failure, do not have the drive to keep pushing their limits.
@Supersonicat You are not following. Nobody is saying you need to fail. They are saying people should focus on success, but you will encounter failure and that will motivate you to succeed and test your limits. In other words, to succeed maximally, failure is a neessary by product. Like Michael Jordan said, I missed thousands of shots....and that's why I'm great.
Supersonicat if you’re so pressed why are you in a UA-cam comment arguing😂just x off the video and call it a day
@@scientifikx99 "I've failed over and over and over again in my life and that is why I succeed" Michael Jordan :-)
Ray Dalio is the epitome of patience!
Tom was out for blood, but why!
I came here to comment about our frustration as we watched this. Hopefully this will send a message to Tom. Meditate before your shows, choose questions that speak to your target audience (i.e. assume we know what a bond is!), and above all - embrace the power of active listening. Interrupting with long, personal rants about "losing sleep" is a quick way to lose our attention.
Shaina, I cannot agree with you more! I really hope somebody can do an edited version with all unnecessary questions/interruptions cut out but I bet Ray has planed a lot more to speak
37:59 - 38:00 is the key message for this entire interview.
So good to see these comments, i thought i was the only one shaking my head at this interview...and please tom, we dont believe for a second you are losing sleep on figuring out how you can help people through this..still appreciate the time and effort, just wish people like Tom could see that Ray appears to be one of the easiest people to interview, just get over yourself first...
Can’t believe Ray’s time is used to answer questions like: what’s central bank and if the money is created physically
There are people who may not know these things. Be humble.
Peace & Glory It’s not about me. It’s about making high quality interview and respecting the guest
Tom, I love your platform, however please let your guests finish their thoughts. Ray Dalio is brilliant and his mind is very organized.
I think it’s just how conversation happens, he wasn’t rude about it, he was just asking for valued information for those who aren’t as knowledgeable on the subject
Buddy Biancalana if you think this is bad try watching Gary vanerchuck 😂
Colton Loberg Controlling our impulses can be difficult for me as well.
maybe he didnt want others to get some secret information
I tend to agree. No structure at all. Tom is as normal as all of us. BUT did everyone really listen to the complete Video? Maybe not!
Hey Tom, I feel like you dropped the ball on this one. You interrupted his thoughts and he was onto saying something very important but then after you question he never got to that point.
54:15 Ray literally says what the interviewer is about . Like the most amazing smack to the face of the interviewer.
Wow... you hit the nail...he deserved good smack... he's a complete moron!
When you have a guest like Ray Dalio, perhaps let him share his brilliance rather than do all the talking? Would’ve like to hear more from Ray.
Truth!
Tom is usually a good listener, i'm surprised he cut in so many times in this interview. It was disappointing
@@EvaMariposa that his way of getting the core idea out of people, he was leading him to a point. plus I mean come on its TOM. he kept saying he's not smart but he's the total opposite of that. that guy is a genius!
@@RebelThoughtss I understand his intention, but surprisingly he kept talking about his own perspective way longer than usual, which blocked Ray from getting deeper in his message. I still respect & appreciate Tom but I found his interruptions disruptive instead of productive in this particular interview.
Tom talked longer because unfortunately, aside from explaining bonds, Ray was very general with his answers. I think Tom was asking 'what should people be doing in this crisis' , I don't believe we heard anything specific that we can go and research. There's probably more value from Ray from his products. Tom has way better interviews.
I did exactly what Ray Dalio said. I graduated with an advanced degree and debt in 2007. I was laid off in 2008. I worked in the manufacturing industry. I bought the very affordable book Discover Your Strengths 2.0 by Tom Rath to identify my strengths. Then I researched a vocation that would intersect my strengths and found a match in the healthcare industry. I worked backwards to find the certification requirements employers wanted. I went to the certifying body to find which programs they accept. Then I tapped in to the Workforce Investment Act (WIA) funds to get money to pay for vocation training. The state paid for my training and books. I re-tooled. Now, I work in a field that still has demand despite the pandemic. It is possible to do what he's saying I did it. It's not too late to do that assessment and make the most of your time now. Identify what skills are in demand is the key.
That's great feedback, thank you for sharing.
@@cnewkirk7171 No problem
Poor Dalio. I can feel his frustration with all the rudimentary questions. Tom please educate yourself on finance before interviewing a man like Dalio.
@@supadesignco the point is if you dont know what is bond or how FED works google it for god sake and dont ask for answer one of the greatest people in finance of our time. if you are not educated enough educate first and then listen interview with him. I can bet most of the people who clicked when they saw interview with Ray knows atleast basics (reason why they came here) and Tom just robbed them of one hour of their time. Trust me even less educated people would appriciate good interview. You can google meaning of terms during or later but u wont remake more informative interview..
Ray Dalio being expert in macroeconomics feels frustrated when was asked " what is bond " ? ... But was at least he was happy not being asked what is Central Bank , FED , how Bank works etc etc ....
I like how Ray keeps saying that you need to do your passion and connect with others that can help you in your path. One never does it alone. There are always those along the way that can help you move forward and up.
To those comments criticizing Tom: I find his interview totally productive and out of the box. The skill Tom successfully presented here is how to take out the Elaboration of Mr. Ray Dalio's casual and raw insight and wisdom in his own words, to let every group of viewer understand and process the main idea and guidance they need in this overwhelming period. I have seen many interviews of Mr. Ray and hats off to him to show his compassionate and professional side to Tom and his Viewers! Thanks Tom!for a great Interview you presented for all who want to listen and learn.
Interview started really well, then Tom blows it with irrelevant general questions you don’t want Dalio’s opinion on... do you really believe you have a single subscriber that doesn’t know basics of home budget ? I can cope with your bad audio Tom, but wasting 45 minutes out of an hour with such an impactful person is such a pity
Why are you talking so much about yourself ? Talk finances, economics... I’m unsubscribing at this point
You’ve been talking more than your guest that even be lost interest. I’m losing sleep of how you wasted Dalio’s time. Your interview title is a clickbait!!!
It's not like you paid for this subscription. I don't think Tom or the channel creators owe you anything but you do sure sound like it. Give constructive feedback, be a champ, but whine?
Lucas B if you get the opportunity to monetise 1 hour with Ray Dalio you have to understand no one cares who you are! Never heard of this channel and never would have if not for what I was hoping was the subject of the content. Even Joe Rogan understands he’s the nobody in his conversations and is simply there to ask the “dumb questions” so the subject matter expert has the chance to elaborate and respond the the obvious counterpoints. This was like inviting Elon Musk to dinner and asking him how the dishwasher works!
Nothing bothers me more than somebody telling me they're unsubscribing. Too funny. Just do it and don't talk about it nobody cares
Funny as I’m reading this, Ray just spoke for minutes, while Tom is nodding the whole time. Let’s be fair. I’ve heard a lot worse interviews from BBC, DW etc where experts are just silenced by simplistic, but aggressive questioning.Tom does reflect what some opinions of the average listener, to me that’s legit. Some of his reflections just seem a bit long though, but I think he allows long answers.
I've been following Ray Dalio for years. If there is one thing that remains true about Ray is that he is not BLACK and WHITE. Interviewers, for ages, have attempted to get some GOLD NUGGET from Ray that would somehow unlock the truth about making money. Ray will never give you EXACTLY THAT. You give a man a fish, he feeds for a day. You teach a man a fish, and he feeds for a lifetime. Ray only helps by offering information for the latter. That said, Ray tells you things that deep down you know are true.
1. Understand Spending, Saving, and Earning.
2. Triangulate with others who are good thinkers and try to solve problems together.
3. Do something that lines up with your passion. Make sure that something has earning potential too.
Finally, he talks about knowing your nature. Ask questions. Understand your weaknesses and fail forward.
One more great token...know your bottom. He means know what your bare minimum of survival looks like and look at everything else as a luxury. That's really important to ascension.
Ray is a master, but he will not GIVE YOU the direct answer. He will only point you in the direction to find them. He cares very much about HISTORY and looks for patterns.
So if want to be like Ray, learn HISTORY. Learn economics and the historical cause and effects and behaviors or people. Desire radical truth. Stress test everything ESPECIALLY yourself.
listened to the podcast but came here to comment..this was the worst interview you've done. Stop interrupting
He's just trying to get Ray to give a straight answer on a way out of this mess instead of basic principles - great interview!
Richard, I think you are right, I am in awe most of the time on how Tom the ability to articulate and ask the question that is in my head. Here, its like he is trying to line Ray up to his thinking and approach.
WRONG!!! TOM YOU WERE JUSTIFIED IN YOUR QUESTIONS!!!!
I think he was trying to bring what Ray was saying home to his viewers and for the economically naive.
There is a worse one . Watchful Bloomberg‘S interview with Ray
You got a green light for a hit for interrupting him so many times during this
Why is he disrespecting Ray Dalio by interrupting repeatedly?
Ray dalio would say don’t let your ego get in way that you have to see this as interrupting versus dialogue.
54:15 Ray lol 😆
Ugh, let him finish talking! I quit the vid
Ray is very humble, kind, patient, and caring. Good attributes
Ray Dalio is such a gentleman, as being interrupted frequently during the interview but he remains patient. The interviewer is just so anxious to perform himself!
This Tom guy just talking about himself and his thoughts, nobody is here for you bro. Just ask the questions. Even Ray sounding pissed at 45:55
That's Tom lol. His communication style is off putting. THe only interview he didn't talk in was Goggins.
Speak for yourself. Tom is wildly successful and very well respected man, I very much want to hear his thoughts. It's your little man's thinking that you have to shut your mouth if smb, who YOU think is better than you, is talking. Clearly Tom doesnt share the same insecurities as you. Thank God.
A NP you fuck up stupid
Trying invite Ray again.
ross 1410 lol
One of the worst interviews which I have seen. Tom wasn't prepared at all.
Sometimes when I’m around super intelligent and competent people I get nervous and my lack of confidence makes me talk bananas and make questions so long they are not understandable... so I understand you Tom. Big courage to have Ray at this interview... Ray clear of mind and meditation paid off to keep this interview going!
The most valuable thing is what Ray tried to roll out in the beginning, what is happening now, from a history point of view. But he didn’t even have the chance to continue.
Tom, I love your stuff but dude, you jacked this interview.
Wtf, an hour with Dalio and the time is wasted on "what is a bond"? Mannnnnnn
And the answer was terrible. If I had never heard of a bond, that explanation would've made no sense to me.
@@jasondashney can I ask what is it..
I know right... it’s 101. Read his book if you want the basics. We are needing some real thinking during this crisis.
Ray is mistaken, the federal reserve is not apart of the government. It even says they are private on their website. They are governed by the board if governors which is apart of government
I've seen numerous central banks leaned on and fold to the will of the government. Even rate markets priced in increased chances of easing by the fed after a trump tweet attack on Powell. These traders know what they are doing.
Probably the first time Tom didn’t seem comfortable with the topic or wasn’t full ready. His show and interviews are usually amazing so an occasional miss shows how good his work usually is 😊 Some especially on health and fitness have been transformative.
Ps I just watched the Ramit Sethi interview from earlier in the week - much better and well focused
Listen you need to recognize that the average person does not understand financial literacy, finances, or the current state of the political economy. Tom interrupting Ray is merely to provide context, perspective, and insight into the situation. Ray could talk about this forever but to put it in layman's terms is the best practical use. Yes, I'm sure the interview and conversation would have been more impactful if it were being held in person but let's all do our best to make light of the situation. Two brilliant minds, well done.
its so much annoying , when he distract Ray Dalio.
Very clunky interview
Respect LEGEND Ray Dalio
Ray can talk for two hours if he isn’t interrupted
@@Sapovne Ray was talking about real economic problem & solution. but Tom want just shit talk & at the end they went no where. By listening Ray all would get a very good knowledge how our economy really works & what gonna happen with economy..
My heart goes out to Tom on this one. I really think the connection was missed by the two of them not being in-person. I think Tom's strength as an interviewer really depends on a face-to-face setting.
I wish you could let Ray finish his answers.. he is providing great insights
Wow Tom I'm 66 years old and I wish that I have had the chance to listen to this conversation when I was in my early twenties. I think my life would have turned out to be a lot different then what it is today. I will make sure that my son will see and understand this video. Remarkable job Tom I commend u for the excellent work!!!!!
Why does everyone interrupt Ray Dalio !!?? Let the man finish his sentence but take notes so you could ask him once he’s done speaking.
i know right. same thing on valuenterainment
Whoever is reading this dont be discouraged if things dont go the way you expected or if you fail. Failure and disapointments are part of the process and ladder to success. You will win dont give up
well said.
Thank you!
I understand why Tom is doing what some subscribers are mentioning. He’s seems to be a very empathetic person. I’m sure he knows what bonds are! He seems to be trying to simplify economics for viewers that aren’t as knowledgeable as others. Ray Dalio is definitely a legend. I could listen to Ray all day
Every time Tom interjected, it was because he could sense that Ray was speaking at a level much above the ability of the ordinary viewer to comprehend. If the goal of the interview was to provide actionable insights that the viewers could go away with and begin to implement in their lives to safeguard or secure their financial fortunes, then Tom-as the moderator of the conversation-certainly did a good job of steering the interview back within the bounds of relevance to the audience.
I love tom's interview but I cringed hard listening to this one. Damn tom stop interrupting so much. I just had to read the comments on this one to see if am the only one who thought this was not done well . However Tom has done tons of nice interviews and hence why I still watch. But if interviews continue in this direction I dont think I will be watching any more. I come here to listen to the person you are interviewing . Focus more on that than just talking about yourself a lot in the interview
Anyone else feel like he was trying to get Ray Dalio to agree with his point of view more than actually interviewing him?
Came to listen to Dalio, left with an overdose of Bilyeu.
Tom you have great content on this channel, but this time it felt like every question was longer than the answer..
Dalio always takes the time to elaborate and build up his explanation in depth so we can truly understand,
let him finish so we can all learn a thing or two from his well earned experience..
This is Ray Dalio. I was looking for him... so as he says, find your role... in this case, speak 1%, listen 99% and let this great guy talk
I don't understand why people have problem with this interview. He's trying to get him to specify as how people can help themselves rather than some high level advise. This is the time that philosophy won't help and a lot of people need more direct answers.Thanks Tom for trying:)
Well if you think about the title of this video vs. the content, it's not exactly what I expected. I personally would have liked more questions about the current economics rather than a coaching session for Tom.
Well it seemed as if Tom was trying to get free financial advice on how he can make money on this market and where he should invent to become more rich lol. He didn't specifically say this but I got that vibe honestly speaking.
Ditto on that!
Tom starts losing it after a few minutes.. fortunately Ray set's things straight at the end 54.30min. Fortunately we all know who Ray is referring to.. what a subtle way to call someone out:) Respect for this legend.
Thought the same thing...yikes. Tom, not the greatest of interviews but I am sure you will be better next time.
Wow 54:30 felt really bad for Tom
Thank you for the interview, Tom! I love listening to Ray talk and I appreciate that you had him on.. plus - how cool is it to interview him? Way to go.
Oof, an hour of Dalio's time is so valuable that I can't understand why the interviewer added so much life coaching stuff. The comment section is brutal, but I hope the interviewer gets another interview with Dalio some time the future. Entertaining to say the least.
Tom ruined the interview, he could have asked much better questions. He wasted Ray Dalio's 1 hr, it could have been a very valuable for audience had Tom asked sane questions.
Tom you need to keep comments short and let Dalio talk. He’s at a higher level than most of your guests. Find a way to get him to talk more. Love your show most of the time. This interview wasn’t as good as other interviews.
My grandmother (lived through the great depression) told us to get an education when financial times are tough and do business when times are good.
Tom, congratulations for having the courage to publish this. I think you were quite aware that you didn't perform well. But you were not that selfish to protect your image and hide this interview. So, congrats that you assume your failures as well as your successes
Title is misleading, It should be "Confused UA-camr Tom Bilyeu Breaks down everything you need to know about his insomnia, with the help of Ray Dalio (But nothing on the current world economy)."
Don't forget the many references to "block and tackle."
Tom was confused, wasted valuable time with Ray, waffling a lot throughout one hour.
Funny comment but I think you are being a bit harsh.
Valencia Vargas good job you said it first, was about to make a harsher one! It’s very uncomfortable to lisen too....
@@dreamkev Lol, I understand. Honestly, I'm glad to see other people were equally as bothered by this interview; shows that I'm not just nitpicky lol.
Ray Dalio is great!
Hell yeah!
Thanks for your patience Ray.
what Ray did to the rest of everyday people are incredible. he is a self made billionaire but spend much of his time educating people for free, share his wisdom to the rest of us to make the world a better place !
there is a big gap here of economic understanding level between Tom and Ray.
Yes agree with above comment. Tom is the voice of the average listener. He is always about the nuts and bolts.
@@Sapovne yessss. ..why cant they get it🤦🏻
@@Sapovne if you need Ray Dalio to tell you to learn and acquire skills . you are the stupidest person on the internet! (Y)
or even if you need to watch a video about a guy talking about it
Newsflash Tom: Ray Dalio’s networth is $18billion. He has practical insight to deliver about the economy and the markets landscape beyond just the social media influencer BS you try selling your audience. Let the man speak and stop trying to fluff in some unrelated Mickey Mouse talk that you’re hoping to headline in your videos to gain some click bait. Your insulting this mans intelligence.
I'm at minute 51 totally stressed because Dalio is making great points and I know that Tom will randomly break his reasoning at any time.
Ray is so amazing, we are so lucky to hear his words. We all have learned and will continue to learn so much from him. Thank you Tom for inviting him to your channel.
How about you let him share his knowledge and stop talking. You sound like an insecure person needing validation for your theories. I would have preferred to hear him talk. Thanks
100%
Yeah, so that's good. Tom will learn to tame his good intentions to make wisdom from a guy like Ray more accessible for the people who really need it.
And Ray got to develop his humility. Win-win and win for me too. Worth every penny.
Ray's started talking about the situation we are currently in and how it compares to times before to establish what the current state of the economy is. The conversation got sidetracked. I would have liked to hear his thoughts on where things are going and what our government and we should do next. I'm disappointed we didnt get there in the conversation. Huge miss.
this is the guy that shifted my mind from a pessimistic type of person to a confident one! He also inspires me to start my youtube channel! Thank you TOM for bringing value to everyone!
It is true that what you feed your mind, it grows!
"Those who hustle the hardest always thrives"
Tom don't listen to people trying to stop you from asking legitimate questions!!!
54:15 the gist of this interview haha
People are so quick in criticizing and negative projections. Tom tries his best ability to break down information to basics so that everybody gets it. I really appreciate this channel, it is my favourite channel. Thank you Tom you are having great impact on so many people.
Yeah break down the simple ass things like "what is a bond" for dummasses who still need to learn the most basics of basics. That's not what Ray Dalio is for.
You know that seasoned finance individuals don’t need this video right now. This was obviously intended for the people in the very bottom to understand the notion of investing and its infrastructure. Tom always does a great job at explaining every single detail so everyone understands. In addition, Tom asked the real hard questions and he wasn’t afraid to do it. Not easy to navigate through the current format of interviews and I am sure both did it out of good intention.
Lots of flack about how Tom approached this interview. I think if you have not seen many of Ray Dalio's interviews that the interruptions may seem disrespectful or annoying, but I am pretty sure Ray loves it. It is quite rare for the interviewer to have such confidence to do that. IMO, what Tom did was a huge indication of his skill interviewing VERY powerful people and his ability to redirect and get the most value in the time allotted. Personally, one of my favorites as it made Ray talk about different facets of society that he is not publicly asked often. Always appreciate these.
Waist of an interview with a genius.
When geniuses talk with small minds, big ideas get suffocated.
Lol
This was a different conversation than expected from the title but nevertheless an important one. My takeaways are that you and Ray are both involved in very similar pursuits - to reach audiences and give them the knowledge to begin considering 1. What do I picture my life to be like when I’m 60/70/80? 2.Where am I now? 3. How do I get there from here? Ray is spreading the why and how in the primary education space and you are spreading the why and how through your channel. It would be so impactful if you could travel to poverty stricken schools and talk to them about how to pursuit knowledge and life relentlessly (maybe you already are). I think the biggest barrier is that so many people in poverty have no idea these conversations or possibilities exist. Thanks so much for your dedication to truth and helping our human race find it for themselves. I just subscribed to Ray and am excited to hear more from him about our economy and the shift of power as well.
Thank you Tom, and obviously Ray! It’s always amazing to hear him talk, his view of the world is just great.
sounds like these two didnt connect very well
Piece of advise, talk and interrupt less, listen more...
Umm. Two hundred have already said that...
It is still a fascinating interview if you can focus on Ray's response. "Stupid people ask questions that only reflect what they think..." Love that!
Once you evaluate your situation and are honest with yourself with how fortunate you are, that all your basic necessities are covered, anything and everything else is "icing on the cake" that you can play with. The stress will melt away when you go about your day knowing that at the end of the day, you're winning when you have a warm bed, food and your family together.
To read 100+ comments with the majority of them saying how Tom Bilyeu interrupts Ray Dalio and how he didn't do a good job interviewing. Wastes my time. No matter the case Tom is asking the important questions and trying to bring them to an audience in an easy to understand way. Whatever Ray Dalio says he clearly has a lot of wisdom to bestow and Tom is simply wanting to convey it in a message that is relevant to the average person. Reading between the lines and the overall messages these two want to bring has impacted me in a huge way. This is why I enjoy watching Tom's videos it engages you and gets you asking questions you normally wouldn't think to ask. My KEY take away from Ray was when you ask any question have multiple sources "how do I make lots of money." Ask a poor man/woman, ask a middle-class man/woman, ask rich people, and ask the wealthy. Getting an answer from all these sources allows you to arrive at an answer beyond your beliefs and limits. This blew my mind! It is so easy to write off a poor person's view on this question yet their answer is vital to get it. Great Video!
💛💚💙🧡 I've been masturbating ALL day and was frustrated until I came across your comment. Thankyou Austin, you are a Kind Man
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The title of the video made me believe I'd watch Ray Dalio break down the current situation of the economy. In stead, I just watched someone talking about stuff he has no knowledge about whatsoever. This is just sad...
Love Ray Dalio's book. It has so much insight about life and business I find myself regularly revisiting it and always finding new takeaways.
Thank you, Ray & Tom, for this awesome interview. Truly priceless. I appreciate the humility you approach all the tough issues. Humility gives us a foundation to clearly observe, listen and discover what is the best way to move forward. One important thing I wish to hear more about has to do with good relationships. That would be another interview, I guess. Thank you both for the precious gems you've given us all through this interview. Peace & Abundant Blessings!
The guy interviewing is so bad and has no understanding of finance or economics. Cant believe Ray didnt vet this guy.
I think he’s the creator of toms shoes
@@lawilder2059 I'm not sure about that one but I am sure he is the creator of Quest Bar Company with an estimated Net Worth of $ 400 million dollars as stated by Google. He's not the best interviewer I know but still good and not interruptive. Ray Dalio has a political interview with Pat David on Valuentainment. That one is solid.
Shut up host...
You’ve got the best economic mind perhaps in the world.
ok so I wasn't alone in feeling frustrated. Tom you are much better than this and we all have an off day. Ray's genius lies in the simplicity of his concepts and narratives that people can immensely benefit from. I am sure you would take away positive feedback and continue with your pursuit of constant improvement.
Thanks Tom, You always have one of the very best people on your channel. Thanks Mr. Dalio as well for taking your time ♥️♥️🙏
The Reporter loves his own voice most.
Tom, have you just asked Dalio: “What is a bond”? 😄😄😄😄 Priceless. I get asking the dumb questions on behalf of a dumb audience, but this is another level... “So, Mr Gates, what is a computer?”
Mick Johns or when he says ‘Okay Really fast’.. if only he and we could absorb even at normal speed,what Ray Dario speaks. Tom is in over his understanding here.
Agree
Disagree
lmaoo even after ray explained it, tom still had no idea what he was talking about
Dalio is rather brilliant. Always a pleasure to hear him and a generous use of his time. Great interview as well, kept it nice and simple for the layman.
Please, present your ideas in separate video, but let Dalio explain his ideas without interruption... Good luck, thanks from Ukraine!