Ray Dalio: Money, Power, and the Collapse of Empires | Lex Fridman Podcast
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- čas přidán 10. 05. 2024
- Ray Dalio is an investor, author, and founder of Bridgewater Associates. Please support this podcast by checking out our sponsors:
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EPISODE LINKS:
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Books & resources mentioned:
Ray's books: amzn.to/3swN5uw
Ray's free personality test: principlesyou.com/
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OUTLINE:
0:00 - Introduction
0:42 - Money or power
4:18 - Big Cycle
24:11 - Collapse of the American Empire
32:38 - War
35:45 - Xi Jinping
41:49 - Importance of freedoms
47:52 - Democracy's vulnerability
51:17 - Communism's vulnerability
58:18 - Vladimir Putin
1:02:23 - Understanding China
1:09:51 - Henry Kissinger
1:13:24 - Bitcoin
1:20:12 - Elon Musk and Dogecoin
1:22:09 - How to take notes
1:25:52 - Advice for young people
1:29:58 - Hope for humanity
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![How Did The Wealthy Gain Power In The Past? - Yuval Noah Harari [2015] | Intelligence Squared](/img/n.gif)
Here are the timestamps. Please check out our sponsors to support this podcast.
0:00 - Introduction & sponsor mentions:
- Athletic Greens: athleticgreens.com/lex and use code LEX to get 1 month of fish oil
- GiveWell: www.givewell.org/ and use code LEX to get donation matched up to $1k
- Magic Spoon: magicspoon.com/lex and use code LEX to get $5 off
- Blinkist: blinkist.com/lex and use code LEX to get 25% off premium
- MasterClass: masterclass.com/lex to get 15% off
0:42 - Money or power
4:18 - Big Cycle
24:11 - Collapse of the American Empire
32:38 - War
35:45 - Xi Jinping
41:49 - Importance of freedoms
47:52 - Democracy's vulnerability
51:17 - Communism's vulnerability
58:18 - Vladimir Putin
1:02:23 - Understanding China
1:09:51 - Henry Kissinger
1:13:24 - Bitcoin
1:20:12 - Elon Musk and Dogecoin
1:22:09 - How to take notes
1:25:52 - Advice for young people
1:29:58 - Hope for humanity
thanks for the xmas present! have a good one
22 minte in i am enjoy the podcast thank you friend for being there for us a viewer from Tunisa it really help in this tough times listening to this while doing gesture drawing.
Stop making it more complicated then it needs to be, let me break it down! The rich pay middle men (politicians) to keep the poor people, poor. Politicians get away with it, and the peasants never put 2 and 2 together that the rich are keeping them poor!
stop asking corporations who invest in china about their opinion on china.
I never asked for this but thanks for such an amazing podcast for me. Wish you Lex Friedman and Ray Dalio the best.
I don’t know how but you’ve managed to package an unbiased analysis that is more entertaining than the sensationalized segment of economic and financial news. Thank you for your efforts to be the signal and not the noise. I understand that the economy is currently in a downturn and that we must wait for things to get better.
As hard as it may sound you can plan for the recession. If you are working, find extra work and get an Invest--advisor. Protect your deposits by having enough cash in short term fixed income. Then cut your expenses. Minimal insurance, cut utilities.
I think the current market might give opportunities to maximize profit within a short term, but in order to execute such strategy , you must be a skilled practitioner
Thats true, I've been getting assisted by a FA for almost a year now, I started out with less than $200K and I'm just $19,000 short of half a million in profit.
That's fascinating. How can I contact your Asset-coach as my portfolio is dwindling?
Credits to 'Carol Vivian Constable' she has a web presence, so you can simply
Fantastic guest. Loved the first conversation with Lex and Ray and thrilled he is back on the podcast.
Merry Christmas Dr Huberman . You have helped me in so many ways over the past year!!! I cannot thank you enough !!! I hope your enjoying this beautiful day!!!
Merry Christmas Andrew. Thank you for your fantastic podcast
Merry Christmas Dr Huberman
Indeed, Prof Huberman. Mr Dalio has been on my radar for years as a deeper thinker in all things macro and genuinely philosophical. I think sea change is on the way...
Get Dr Peterson on the Hubberman Lab!
I've lived and worked in China for seventeen years. Of all of the hundreds of podcasts I've heard on the topic of China, this is the only one that actually matches the reality of China that I've witnessed in the last two decades. I don't know how much time Mr. Dalio has spent in China, but he definitely knows his stuff.
37 years
If you would, what are the common high-level misconceptions about China or what are the key points that someone from the West should take away if they want to better understand China?
@@programmer1840 that they are communist.
@@nicator8380 how's that a common misconception?
@@programmer1840 a country with billionaire stock market is no communist.
The beauty of modern media is that you can listen to such fantastic interview on CZcams for free which has way higher content quality compared to all other garbage "professional" media out there like CNN, CNBC and ...
Amazing interview 👏👏👏
Just goes to show the power of long form. You can't learn anything in 5 minutes!
Hi . I am a teacher in Turkey and I want to learn english. But in turkey no more people to practice in english. İf you help me about this I will be appreciate always.
Try some of the European media. But they are not in English :)
And you listen/see the rubbish medias you have to wast your time for the ads too .
Idk man, when i hear things like "Here in america we can choose our leaders" sounds CNNish to me. Trump's example is a living proof you can't
Holy $hit!!!! Lex hit us with the Christmas gift!!!!
Thank you Lex
True thee
Indeed he did. 10 pm after a long day of Christmas. Was just getting ready to hit the hay…. Wait a sec, what is this…. Looks like I’m staying up another hour. Thank you lex!
Amen
Absolutely love your podcasts. So happy to hear Ray on here. I had the distinct pleasure of serving him in his home a few years back, I was the server and one chef came and we served Ray and 12 Tibetan monks. I got to stand there and listen to Ray ponder purpose and meaning of life with 12 people who had no material possessions, coming from a man worth $20B+. It was so eye-opening and serves as memories I’ll cherish for the rest of my life.
wow definitely sounds like an experience!! would love to have heard what he had to say
Wow indeed,
I bet these monks wouldn’t show up at my tiny house to have this woowoo ponderings. Obviously if I had a mansion and flew them over in a private jet then they would. 👀
@@Witnessmoo It probably takes more than a mansion and a jet. For instance I would have nothing clever or wise to say to warrant it. Maybe you're different.
Hi . I am a teacher in Turkey and I want to learn english. But in turkey no more people to practice in english. İf you help me about this I will be appreciate always.
The stock market is a complex system that is influenced by a variety of factors, including economic indicators, political events, and global trends. The relationship between policies and the stock market can be complex and multifaceted, and it can take time for the full effects of policies to be reflected in market trends. Therefore, it is possible that policies implemented in the past may have a "lagged effect" on the stock market, as their full impact may not be felt until later on.
you're absolutely right, the stock market is a dynamic and constantly changing environment that can be influenced by a wide range of factors, including government policies. It is important to approach investing with a long-term perspective, also, understand the potential factors that contribute to your financial growth, I'll advise you to seek the help of a professional investment coach and to carefully consider the potential risks and rewards of any investment decision.
Thats true, I've been getting assisted by a FA for almost a year now, I started out with less than $200K and I'm just $19,000 short of half a million in profit.
@@kimyoung8414 I’ve been down a ton, I’m only holding on so I can recoup, I really need help, who is this investment-adviser that guides you?
@@oneiljerry9460 My advisor is HEATHER ANN CHRISTENSEN she’s highly qualified and experienced in the financial market. She has extensive knowledge of portfolio diversity and is considered an expert in the field. I recommend researching her credentials further. She has many years of experience and is a valuable resource for anyone looking to navigate the financial market.
@@kimyoung8414 Thank you for this Pointer. It was easy to find her handler, She seems very proficient and flexible. I booked a call session with her.
Lex.. please have a podcast with The genius Jim Simons .. he is really intelligent and and rarely interviewing so it would be so cool
That's a great call...
would be epic
holy shit, this is also in my mind
but unfortunately, he doesnt show up much (he might not be much as popular as ray, but almost everyone in a trader industry; we all know that JM is nothing but quant god (even munger & buffer gotta accept that fact))
also these following names (but maybe it would turn to too much hedgefund thing haha)
- paul tudor jones
- jim roger
- steve cohen
- stanley druckenmiller
- carl icahn
@@1247111 Hey Auxin, you're a daytrader?
Hey Lex. Huge fan. Recently finished M Pillsbury’s alarming book “100 Year Marathon” - (chronicles PCP’s (sic for the censors) “unrestricted warfare” against USA) and have since done a deep dive on how China has used classic Marxist subversion techniques - (eg fanning tribalism, elite capture - (gotta assume Mr Dalio has been a target )- and media / narrative control - all chronicled in KGB manuals published in the 1950s Ive been studying - to undermine Uncle Sammie. Need ur help. Ive heard u several times muse abt “Heroic Action”. Would it not be heroic to have Pillsbury on and then ask why only MIT and Stanford still have Conf Inst on campus - have some MIT Conf Inst admin reps on? Find out how much PCP cash has flowed thru MIT in last 5 years? Any chance MIT is assisting in making PLA conv. ballistic missiles - u know the ones that target our carrier battle groups in W Pacific - more accurate? Gotta say Im worried potential T T T T Treason is going on w MIT knowingly assisting our enemy develop and enhance weapons intended to be used against our sailors, soldiers and airmen - and maybe against all of us. If Im wrong u can kick my ass in a boxing ring - will sign any waiver u want. Will gladly bleed to ensure USA is safe from elite Treason.
This kind of podcasts should be mandatory part of high school education all over the globe. Thank you, Lex!
Totally agree!
Podcasts like these contain many golden nuggets, but I don't believe in things being mandatory. In general, people tend to walk away from those things. I believe that curiosity is the main driver of human intelligence and I'm glad that I found this one.
Lex is in my personal education curriculum
I agree, but I think the concept should somehow include ways to expand/create/construct more paradigms. Just because retrospection has highlighted seemingly inevitable patterns, doesn't mean the future ought to be as such. There could be better ways to live and I think exploring those thought constructs would be a great thing to teach.
In other words >> Rather than this being dogma it would be a cautionary tale.
Somehow the world got this way and the question is >> Do we want to live like this ? What are the other possibilities ? How would we get there ?
In essence I do not think it wise to instill narratives which could lead to complacency or further perpetuate dominance/wars. It's really cool that Mr. Dalio is able to teach us these paradigms and we should expand upon it. I wonder if people learned this earlier in life it would change their perspectives on first jobs or working for lower wages.
For example: Rather than being upset at their paycheck and feel like they are at the bottom of the totem pole or that employers are taking advantage of minimum wage workers... Perhaps they might think that they are contributing towards a better economy by providing low cost food for a booming economy. Like a temporary rite of passage rather than a permanent socioeconomic status. ( it's just an idea )
Anyone have any idea which stocks may be experiencing major growth this new year season? A lot of people have been talking about a January bounce. I recently sold my Boca Grande, Florida, house, and I want to invest a lump sum before equities recover in the stock market. Is now a good time to buy or not?
I don't believe there has ever been a better method to understand how to enhance your wealth than by working with a skilled portfolio advisor who can research and experience a wide range of markets. The value of the U.S. dollar clearly has an impact on investing in a variety of ways.
I was left holding worthless positions in the market in 2020 because to these market uncertainties, which is why I don't base my market assessments and decisions on rumors and hearsay. Before I started noticing any noticeable improvements in my portfolio, I had to fully redesign it with the assistance of an advisor; I've been working with the same advisor and have scaled up to 750k.
@@robertlucas8288 True, we’re only just an information away from amassing wealth, I know alto of folks that made fortunes from the Dotcom crash as well as the 08’ crash and I’ve been looking into similar opportunities in this present market, could this coach that guides you help?
@@obodoaghahenry9297 She is Julie Anne Hoover my consultant. Since then, she has devoted section and leave attention to safeguards that I have been keeping an eye out for. You can locate information about the chief online, on the off chance that you're interested. I made no regrets about substantially adhering to their exchange strategy.
Bro, I have spent time researching this in the past and trust me, the majority consensus is almost always wrong. In regard to your question, trust in yourself and dont rely on others to inform your investments, that way you will learn how to invest better yourself and taking accountability will make it so you have no one to blame if you lose and no one to owe if you win. If you’re on videos like this you are probably pretty motivated, with a few weeks of serious work, you should be able to position yourself in a great spot to maximize your financial gain in the upcoming years.
"From my perspective, this highlights the importance of having a competitive advantage as investors. Merely mirroring the market strategies of others is insufficient in achieving optimal results. I am currently grappling with the decision to invest in the current market, as it presents both uncertainty and opportunity. Could you share your insights on this matter?
Indeed, the recent market downturn serves as evidence that a vast majority of individuals lacked a sufficient understanding of the underlying financial dynamics at play.
Such market uncertainties are the reason I don’t base my market judgements and decisions on rumors and here-says, got the best of me in 2020 and had me holding worthless position in the market, I had to revamp my entire portfolio through the aid of an advisor, before I started seeing any significant results happening in my portfolio, been using the same advisor and I’ve scaled up $3million within 2years, whether a bullish or down market, both makes for good profit, it all depends on where you’re looking.
@@theresagarcia1218 True, we’re only just an information away from amassing wealth, I know a lot of folks that made fortunes from the Dotcom crash as well as the 08’ crash and I’ve been looking into similar opportunities in this present market, could this coach that guides you help?.
@@mayacho4910 The adviser I'm in touch with is 'MARGARET ANN WARNKEN" and yes she could help. But note you can use something or someone else. for me her strategy works hence my result.
@@theresagarcia1218 Thank you for sharing; I just Googled her name and her website came up right away. It looks interesting so far. I'm going to write her a message and hopefully it all goes splendidly.
Lex never fails to deliver. You know what would be amazing for 2022, Lex interviewing PETER THIEL!!
Unfortunately, I do not think Lex is the right* interviewer for Peter. They think with very different frameworks and I cannot imagine the conversation providing deep insights like Lex delivers with other guests. I would take any Thiel material on offer but I would almost prefer Rogan to interview Thiel, if for nothing more than a caveman chatting to guy who thinks of the world as 4D chess….
*no pun intended
I saw this as HUGE fans of Thiel, Lex and respect for Rogan and what the genre he has created.
**edit Rohan to Rogan thanks for the correction
@@M.-.D Rohan? Do you mean Joe Rogan?
@@shubhreetlalli8671 thank you for the correction.
@@M.-.D no issues! And Rogan interviewing Thiel would be a GOAT episode. Hope it happens.
I would love to see Peter Thiel on this show. However, I think it would be rather debate than interview. It’s because unlike this interview where Lex and Dalio agree on fundamental framework of centralised governance, Peter thinks in much more libertarian framework of decentralised governance. Hence, it will be challenge for Lex to unpack what Peter Thiel is trying to say (especially when it comes to his stance on China). It would be a great debate to watch, not really an interview.
We read news in the media that doom and gloom is coming and we just accept it, doom and gloom doesn’t always have to be coming, I’ve read numerous success stories of people that are pulling off tremendous gains of up to $250K within weeks in this crazy market and I just want to learn how to achieve such figures.
I always found the idea of using spreadsheets very time consuming and unnecessary. I just dump a bunch of money into my savings accounts each month and keep my spending money in a separate account and try to spend as little as possible.
Right, I've been in constant touch with a fiinancial-analyst since covid . You know these days it's really easy to buy into trending stock`s, but the task is determining when to buy or sell . My advisor decides entry and exit commands on my portfolio, I've accrued over $550k from an initially stagnant reserve of $150K.
@@kozovski6628 Please can you leave the info of your investment advisor here? I’m in dire need for one.
@@Green-ed7wq "Donna Lorraine Judge'' is actuaIIy the one that guides me, she’s a hlghIy-sought out advlser, so I’m not certain she’s acceptlng new intakes, but you can give it a shot. It wouldn’t be proper to just Ieave her number Iying around, but she has a webpage you can look at if you googIe her name.
@@kozovski6628 thanks for sharing this, I googled the lady you mentioned and after going through her resume, I can tell she's a pro. I wrote her and I'm waiting on her reply.
I don’t know how but you’ve managed to package an unbiased analysis that is more entertaining than the sensationalized segment of economic and financial news. Thank you for your efforts to be the signal and not the noise.Don't get me wrong, I understand that the economy is in shambles and that we must wait for the stock market to recover in order to break even and make a profit, but how are some people in the same stock market as me still able to pull off substantial profits of as much as 650K within months, what am I doing wrong?
Exactly the stock market is a crucial step to becoming financially free, but it will only give you good returns if you understand how the markets work. If you don't, then you'd be doing yourself a lot of good by hiring an investment professional to lead you.
@@tunnelvision3246 That's right, I started investing sometime in 2020 and by late 2021, I pulled a profit of over $750k with no prior investment knowledge or skill. I was basically following the guidelines set by my Investmënt-Adviser, so you don't necessarily need to be a perfect investor or do the hard works. Just have a financial market pundit who guides & mentor you.
@@hannahdonald9071 Inflation is over 10%, but as we know it's definitely way more than the Government would like to admit. My plan is to earn more passive income and ride this out, can your Investment-adviser assist?
@@graceocean8323 Sure, the Invēstment-Adviser that guides me is "Maria Juliana Ramirez". She's renowned and has quite a following. It shouldn't be a hassle finding her. Just look her up.
The Lady Maria really seems to know her stuff. I found her website after looking her up, read through her resume, educational background, qualifications and it was really impressive. She is a fiduciary who will act in my best interest. So, I booked a session with he
I really like how Lex ask a thoughtful question and then listens, and lets his guest give him a lengthy and very informative answer, without Lex interrupting, often, like other hosts do. This is one of the reasons why I love to watch his show! Well done Lex.
AGREED! 😄 🤣
Yes he asks questions and then get regurgitated century of humiliation bs and just sits and listens.
Lex is fantastic! I enjoy him for that exact reason as well
Dalio should get a gold medal for mental gymnastics.
I have attempted to meditate many times in my life and prior to this CD the only success I've experienced is with live guided meditation. czcams.com/users/postUgkxzpa8CIfZcihW4Z0F_ja0QF3W9KIatrsq This is the first CD I've used that cuts through my unmedicated ADHD and enables me to truly relax and experience a quiet and energizing interval. The instructors voice is very soothing and pleasant to listen to. I am easily able to sit successfully through the entire CD, and for quite some time after. I cannot adequately express how tremendously helpful this CD has been on my spiritual journey!! Two thumbs up and 10 stars!
Lex continues his dominance of this space…..Putin is next
Putin and Lex
Xi
Hey does anyone here like apples
Please?
No, gents, Putin or Kim Jong-un are the exact opposite of Ray Dalio in every way therefore It'll be a step backward
Love this. He’s so clear, well researched, and practical. So damn informative without making me feel like I need to pick sides. Rare.
Lex please do not stop doing this podcast. You are a beacon of light in the world. Do not underestimate how powerful your voice and mind are
I really enjoyed this talk Lex. I always learn new things and expand my knowledge watching your videos. Thanks for sharing!
"Taking things too seriously slows it down." That's a brilliant phrase.
Quickly becoming my favorite podcast. This interview with Ray Dalio is so well done and such an insightful conversation. I just wish we could see more conversations like this. Thank you both! This was a pleasure
Been following Ray Dalio for a few years already
Always a pleasure to hear him talk
Theres always something to learn from him
So many gems in here! Ray is the best and The book opened my mind a lot to how the world works. Great interview
What a great podcast! I've been following Ray for years and this talk is timely. Thank you both for doing what you do.
Hi . I am a teacher in Turkey and I want to learn english. But in turkey no more people to practice in english. İf you help me about this I will be appreciate always.
This has been one of the better political guests I’ve listened to on a podcast in many years. Really really thoughtful, great self awareness of bias, it’s grounded and objective. Great work Lex for setting this up!
Eloquent speaker. First time I've listened to Ray Dalio. Both of you displayed the deep ability to hear each other. A worthy virtue sadly lacking in today's world. The quality of your questions Lex and the responses from Ray, helps me move towards tolerance. One of my many failings. Thank you.
Warren Buffett has mastered what patience looks like. He has stuck to the markets, having a long term view on the markets. This is what I'm struggling to do, trying to learn how to not react to market news about inflation and all. I have currently set aside about $253k to put in the market now that prices are down. Any ideas?
It takes some gut to really remain in the market despite downturns and all. So just find quality stocks that have long term potential, and ride with those stocks. I have found it takes someone who is very familiar with the market to make such good picks.
I agree. I have pulled in more than $435k since 2020 through my advisor. It pays off more in the long run to just pick quality stocks and ride with those stocks.
@@joesphcu8975 This is something I've been planning to do for a while now. My portfolio has been falling, and I'm scared, but I know the market always recovers. I wonder if I've been on the right stocks. How do I get in touch with your advisor?
I work with Eileen Ruth Sparks. I understand what it's like to see your portfolio going down. I hope the performance improves.
Thank you. I was able to find her and send her an email message. I hope she gets back to me soon.
"The measure of education is the ability to work together"... such a beautiful concept.
I wish more people can see this video instead of the mainstream media. Thank for doing this.
47:30 "88% poverty rate to 1% poverty rate,.... Like starvation". True, I always hear from my parents generation, that their parents had days where there were times there were not enough food on the table. And i have had the chance to talk to my other friend's parents here in north america, they share the same story. My late wife also said ice cream was expensive so they just made fruit popsicles at home. Nothing, i think we Chinese are proud of. But, it's a huge step if the majority of 1.4billion people can get fed. And hope all of the world have enough to eat. What a wonderful feeling to eat with family and loved ones.
Indeed! 🙏
Egg roll going down
Incredibly insightful and great variety of topics you guys touched on. Will pick up his new book over the holidays. Merry Christmas and happy holidays Lex!
Dalio doged the question on Freedom and human rights... we know china has a top down idea phylosophy. But what we are concerned about is you cannot go in the streets and declare you are christian or muslim, or against the government views without been put in a concentration camp.
What human right do you have in china ray Dalio?
Hi . I am a teacher in Turkey and I want to learn english. But in turkey no more people to practice in english. İf you help me about this I will be appreciate always.
One of my favourite interviews. Ray is so well-spoken and thoughtful
The most comprehensive unbias, comprehensive China contemporary analysis! salute to Lex Fridman & Ray Dalio! Thank you!
This interview couldn’t have dropped at a more important time in US history.
Lex, it’s pretty amazing how you try to cultivate empathy and love towards others especially China and the Chinese people. In my opinion, you are doing exactly what is truly important.
He’s a gem
@@bits_for_bytes you CIA
Ray Dalio is one of the most smartest people I have seen in a long time @lex Fridman thank you for bringing him on. ❤
Thank you Lex for arranging this insightful interview with Ray. Appreciate a ton
REALLY great timing. I was just talking with my kids about the correction to money/power & the holidays
Speaking of… what’s the next big “holiday” coming up?
Ray Dalio for President!
do some more research on this guy and where he has received money from. Then you'll question whether he should be president.
Excellent!! Thank you for a great conversation on Leadership. To know thyself is the first and most important factor, weakness and strengths. Know your goals, diagnose your problems and design how to go around them, finally the advice on Pain plus reflection equals progress are all significant for leadership.
If people only knew how valuable this knowledge is. Thank you very much Ray
Man, I love Ray Dalio’s perspective. It’s hard to argue with any of his conclusions. Just pure, clear-eyed, historical perspective. I wish we could get people like him into politics.
He’s on the CFR board and a political advisor, so in some way he already is
He's a communist appeaser.
15 mins in, learned nothing so far. Feels like a high school history paper…
Seems like a reasonable guy, but he’s not offering any actual solutions. Places like China are a threat for different reasons - they don’t have the same long history of checks and balances, human rights, internal divisions to deal with. They are controlling information entering the country, and can rewrite history however they please, and mobilize 1 billion people in blind hatred and war.
He is into politics. He owns many politicians.
Another great discussion. Thank you Lex for your amazing work
I like this content. We need to be reminded about this portfolio/risk management from time to time because we tend to forget (Due to discipline being weak).
I'm actually tired of worrying
about stocks. it's driving me nuts these days,I think crypto investment is far better than stock made over $39k in a week.
Stocks are good but crypto is more profitable. Not to be compared.
Hello please I need help am a newbie lost over €6,000 a week ago is they any opinion on how to gain back?
oops that's a huge lost.
You have to get more experience first, work with a professional on crypto to guide you step-by-step.
Only halfway thru
Plz have this guy on for 12 more hours
This gentlemen, is a gift to humanity
PS. U too Lex
Ray Dalio is a truly smart and articulate gentleman with real insights about business, history and geopolitics. He is different from those conventional thinkers who have opinions but no data or empirical evidence. He is ultimately data driven and thus totally convincing. I've read all his books and know he thinks deep and cohesively and a macro economist. There is no wonder he is a multi billionaire. People who want to learn something will benefit from learning from him.
He's a globalist elite psyop pushing for mmt and bankers new world order
@@cyberblock7619 thats what i heard and if he tells what’s actually going on he wont be invited to sit at the table of their little billionaire club they got going on
Ray is a communist appeasor.
@@cyberblock7619 yup.
@@thucydd correct
Ray Dalio is a great guest the way he’s talked about mental health in the past very inspiring human excited for this one! Thanks lex
Thank you Lex for interviewing Ray Dalio. He teaches those who can focus, how to think. Does the U.S. teach young students how to think; or do they only preach rules? I love Dalio's 18 Measures of Comparison, so that we can understand how the progress of various countries, stack up against each other. Dalio is unique! Great interview!
Thank you Sir Ray Dalio. I really appreciate you sharing your insights. The world will be better off for it.
Great interview as usual. As we get older, we seam to be more interested in real world issues and dealing with them promptly.
Lex Fridman asks one of the best questions of all podcast hosts. Such open questions, especially the last parts of this podcast. 👏🏼
I love lex, but in this case he let Ray get away with loose facts.
I love how Lex is so impressed by the use of bold type to accentuate important points. That idea's been around for a while mate
Just great. What an astounding work you are doing Lex. What a variety of personalities, questions, points of view. Thank you for all the work you are doing, day by day, interview by interview.
Ray & Lex; two legends in their own right. Thank you for all you gentlemen do, I've learned so much from you both.
Awesome conversation. Thanks you gentlemen for this gift. Super informative and really enjoyed the perspective.
Ray Dalio is one of the smarted people on the planet. His grasp on history and how the world works is one that very few people can articulate in regular speech much less master.
Thank you so much for hosting your channel and accepting such wonderful and Noble Peoples upon it! Great Blessings and may all of LIFE's WORKS be upon us all!!!
Oh snaps! I literally just bought Principles for Dealing with the Chainging World Order. Can't wait to listen to the pod!
God I would LOVE to see a interview of Ray and Michael Malice.
Excellent podcast. I like how Ray takes you to the very basic and builds up the knowledge so anyone can understand.
First off I'd like to highlight the fact that we've never learned about power shifting on this level in this way before. Gives us a lot of room for making sound decisions for our own lives.
Merry Christmas Lex thanks for dropping this today!
Great episode! One of my favourite guests.
Thank you Lex, your podcasts are amazing, you are an amazing human being, This is why CZcams is my favorite platform
Spectacular interview. Thank you Ray, so much. And thank you Lex.
finally an Interviewer that lets Dalio speak. He always gets cut off.
Lol. What are you trying to say that one of the world's most powerful humans doesnt have free speech? AHAHA. The dude essentially works for the CCP. Lex was VERY VERY VERY soft on him.
What a great mind, we need more content from ray dalio
Thanks Lex. Your style of conducting an podcast that let Ray talk as freely as he wants is unique.
This is the best interview of Ray Dalio I have ever seen, you managed to bring the human been out and not just the billionaire investor. You did a great job!
Merry days for Christmas and all the days and years to come Lex, I always appreciate your work, it's unique and very informative. Thank you
What a time to be alive and watching the old guard pass the torch. Albeit with stubborn pageantry.
Wait until the war part..... not fun
The serious discussion on war that you held, un-glorified and clear is a much needed a dialogue. Too many people boil it down to good guys vs bad guys which is cartoon when it is nothing of the sort. Lest we forget. Thank you and keep it up.
Lex, thanks for sharing this ape with us.
#sincerely
I will share this interview with my kids, our next generation
Good episode. Let's go folks, get youngsters into trig, calculus, physics, chemistry, EE, music, C++!
I have not yet seen round 2 but i already cant wait for round 3
This is amazing. Love how Lex managed to make Ray share his thoughts far beyond just a summary of his books - which is what usually happens with other hosts.
"What is the most important thing: money or power?" The most important thing is knowledge!
Everytime you confront something painful, you're at a potential working changing life. Your oportunity is to choose healthy, painful truth or unhealthy, comfortable deillusion.
- Ray Dalio
Man , Just yesterday I was wondering whether you’re going to have Ray once again on the podcast, Thanks Lex!🙏
just yesterday i start reading principles;P
@@kevinbolton6674 Nice I started too few weeks ago
Personally for me this is by far the best podcast Ive heard from Lex (and he has had many many great ones - hard to decide which one is best). Thanking Lex for making this available for the public. I can only say that the video has had a tremendous impact on me, confirming not just my knowledge but also my thinking to date. Big thanks!
I sincerely believe of all the Podcasts available this series - Lex Fridman is the best and drawing stunning thoughtful speakers that impart knowledge and views we can all learn from and engage with. I do not say this lightly! Simply the best.
I love the lucidity with which Ray conveys his points.
When given the chance to reply and think
He's so fake. Big time commie. One day it will hit you.
@@EPeckBaseball nah, he's objective and doesn't live in the bubble of any countries propaganda. Socialism doesn't work, but you'll scutall have to visits china to see how far they have come.
The truth hurts, the US is a declining power.
@@Jay-xr3sb He has made and continues to make a lot money in China and Chinese censors have big ears so he has to keep the same tune, but China won't be all that once India and southeast Asia develop as well
@@edwardr8826 the whole of the USA and developed world has made money from chinas production of cheap goods. Everything from Apple down to your under wear.
Sure india will be the workhorse once china develops its own leading tech and financial markets.
Indian working conditions are far worse than chinas. They were both at the same stage 30 years agos and china is now a superpower and india as backwards as ever.
Dalio understands history and that there are other functioning societies over gun toting, wasteful cheeseburger eaters.
Dalio's knowledge of Europe's economic history is accurate. Great interview. I loved it.
Thank you for another rich conversation, this time filled with neutral perspectives of different economic systems. One thing he kept coming back to when talking about his decision making process was the concept of core PRINCIPLES. This is key and is easy to lose sight of in the midst of everyday stimulus.
Another jewel was his advice for young people (which is valid for people in all stages of their lives if they look at it in terms of "life chapters"): "Know yourself. Follow your passion. Make your work and your passion the same thing, while considering the money part... If you know yourself, feel the pull, and pursue that passion... You will have mistakes. You will have weakness.... Don't fight them. Understand them.
Pain + Reflection = Progress."
1. Know what you're going after, your goal.
2. Understand your problems and obstacles.
3. Diagnose them to get to the root problem. Be objective.
4. Design a way to get around them.
5. Implement that design.
Superb and educational interview. Excellent questions and cogent well-thought-out answers. Ray Dalio is one of a kind -- intelligent, wise, and honest. Thank you!
They should use his book for the History Economy of the World as essential text for the under-grads!
Such great timing! I was just about to buy Ray Dalio’s new book & now I get to listen to this podcast first🎉
Its a great book, enjoy.
@Angelo Balbi he knows the truth but he's a CCP mouthpiece. Either compromised or voluntarily. He's been favorably comparing China to USA for over a decade.
@Angelo Balbi You should read a bit about Canadian National Debt how it recently increased.
These money was not free, Trudeau bought Canadian's votes with money borrowed from their children ... brilliant :)
The difference between US and Canada can be explained by different electoral cycle favouring different vote buying approaches.
@Angelo Balbi I see you are Magic Money Tree believer, sorry did not get it from your original post.
Good luck with "Transient" inflation :)
@Angelo Balbi so you are a Believer !
So is Erdogan.
Ray Dalio: The richest history teacher ever.
Don’t get your history from someone who defends China and Henry Kissinger.
He also made the most money from investing in the Chinese.
Awesome!!! Super advice! Such wisdom and guidance from Ray Dalio! We can’t thank Mr. Dalio enough! He is our hero! Also thank you so much for a fabulous interview!
This conversation is PURE GOLD 💛
Such a great interview!!
This was China PR to the max tho
Sure...
... a nice piece of example why the so-called "western world" will have no chance against the new, China-based system...
Centralization & Digitaliszation = Super Power.
A) CBDC
B) Data-driven, target-oriented economy
C) → ai-based optimization of the assignment of the system's resources, including HR (based on data-driven, centralized communication & collaboration / digital workspace solution on a global scale...)
If you wanna work in the perfect team with the perfect project, vision, mission, outcome, working-content and so on ...
... you will work in the Chinese's system - from all over the world.
PS: in a transparent world: why do you need a financial service anymore?
Based on economic sciences, there is no need for these services any more then ...
@@fairy2000 no
Such a generic uninteresting comment!
Still crypto currencies if gold was is and will be only money.
WWII killing extermination reposesion of Polish people gold.
Design and sponsored by FED Banking Cartel from New York.
Hitler got money from Prescott Bush Poland wasn't liberated they live Polish people in the hand of USSR.
US army just made pictures and move to document at AUSCHWITZ they sold as deceive as. This is what America is doing all over the world Vatican run it through CIA FBI because they are the Bankers from Switzerland as they guards are. The money flowed to Switzerland and gold and therfore to America.
Wow! Can't believe seeing Dalio as a guest. Your talks are getting even more diverse and interesting, Lex!
Next time Lex should invite CCP officials directly.
How about an interview with Uighur labour camp guard ? Diverse and interesting ?
No matter how improving world of tech is, including metaverse, NFT's, etc, I still trust printed money. Nice talk Mr. Ray Dalio, sir!
Great interview - i love that Ray Dalio keeps very open mind and looks @ the patterns w/in the systems.
I read the book. Listened it too. This podcast is a great complement to it! Amazing interview! Thank You Lex, you are a great interviewer and listener! We need more leaders like you!
Ray is the perfect example of the great understanding we can have of the real world if we approached history objectively and not make it about our personal feelings today, Another great lesson should be that every society can't have the same type of system.
Thats absolute rubbish, Taiwan is the best example there is that China can have freedom such as we do as an example.
@@stephenrohaim382 you're right but Taiwan and Hong Kong aren't the same as main land China, and I said nothing about freedom but to your point, other than absolute communism or absolute fascism any system is capable of providing freedom but on a population that doesn't know what freedom is, you can't just flip a switch to make them free and expect the same result as anywhere else. Quite literally as Ray said this isn't an approval of those systems but an understanding that different populations react differently to various administration systems, Hong Kong is a fair example of this in their resistance of the Chinese takeover these last two years.
@@akilasdesalegn4416 On that point Dalio I believe is completely wrong as protests and dissidents within China as well demonstrate we had people speaking like that about the Soviet Union also back in the day and the eastern block we learnt how real that was when the wall fell. There is plenty of resistance against the party. And condemning them all to perpetual state slavery to justify investments in an enemy regime.. it gives me the chills when people speak like that. He is effectively an apologist for China, we should not be doing any business with them as they literally intend to spread their system across the globe. China is a threat greater than any before in history, and Dalio is one of the people whos making a deal with the devil.
@@stephenrohaim382 no one here said the Chinese system is right or that it is popular, but we can't assume our system is the solution just because people in China go against the administration, we tried that approach in Afganistan and it lasted a whole 20 seconds. That is because populations have to want their freedom so much that they're willing to create chaos in the short term but i am positive XI has better popularity in China than Biden has in the US, Ray (hate bringing him up) talks about the Chinese system because the US is losing in most of the races that we'd have to take an objective approach to study what actually made the Chinese successful and we both know the Chinese aren't successful because they are denying freedom but the 6 thousand years of hard working culture that delivers when a system that is bad in every sense of the word levrages it to its advantage, but i think we'd both agree its a bit humorous to suggest 'we' stop doing business with them when China holds much of the cards right now, and the American system we know has it's weaknesses not by its self necessarily but through the childish politics games we play assuming either half of the population are either snowflakes or racist bigots, so the solution in my opinion for the US is take the lesson from China in that Americans need to toughen up for hard times, Increase their work output by a whole lot and make their relationships with other countries one of mutually benefiting business and not some crusade to impose their system on the rest of the world. Because if the US doesn't get it's $#it together China is gonna fully tie up the world through 'business relations' and every country will start acting like the NBA (sadly, which if you think about it, is already happening).
The solution to much of it all is in the US not any other place.
@@akilasdesalegn4416
I wonder if anyone would have said in 1944 that National Socialism might not be popular or right but we couldnt assume that ours was the solution. I think we very easily can point out that our system is better more moral and indeed provides individuals with freedom. A nation that runs concentration camps, disappears dissdents, carries out forced organ harvests of dissents and thats just the tip of the iceberg can certainly do with a western style democracy. XI is a dictator of the type you see in North Korea or last century in Europe, of course he is popular the old leaders of the Soviet Union and Eastern Europe were also always very popular. When someone comes with the 6000 or 5000 years of history myth I know someone has been eating a little too much chinese propaganda and myth, the Shang dynasty is the earliest documented with archeological proof, beyond that it is pure myth. And never mind the CCP tried to eradicate that history during the Culture revolution, before they found it more useful as a propaganda tool. There is no 5000 years of unbroken history in China that latest break was with the CCP taking power. China is not that old and the life of Confusius overlapped with those of Socrates and Phytagoras, China was unified long after the great Empire of Alexander the great. Its a nice tool for the CCP these myths it helps create an idea of inevitability, yet there is nothing inevitable about China rising to dominance it can be stopped and it must be stopped.
Nobody suggests we just say stop and halt all trade with China tomorrow, what we must do is detangle from China and move all western companies out of China and give them both incentives to do so and penalties if they do not. Trading with China today is like trading with Hitler Germany in 1939. The US has very little lessons to take from China, first of there is not a statistic in China that tells any truth no more than there was in the old Soviet Union. The only thing we can learn from China is to stop being naive and act against an enemy as they act against us. Chinas rise has come through massive technology transfers and theft no nation that is a complete success needs to use that much continuous theft to float along.We actually should never have abandoned the cold war mentality, we need to put up Radio Free China and start educating the Chinese against their leaders wishes on the realities of the rest of the world, not cater to a regime that would do away with us if they could.
Is Lex Fridmen the best interviewer of our current times.. seems so. Thank you very much Lex🤙💙
Lex greatest opening Question Ever!
Extremely digestible for my tiny brain. I appreciate you both!