I’ve always said that Dalio is not fuelled by greed. He’s fuelled by the desire to have a deeper understanding of markets and the world. He is committed to seeing the world for what it is. If he sees a difference in culture then he observers it, doesn’t judge it. Doesn’t say it’s better or worse, it just is.
What Ray said about cultural difference between East and west (family vs individual) is very real and it manifests in many aspects of our ways of doing things and conducting ourselves. It also points to the fundamental difference in citizen expectations of their government as well as expectations of individual.
Unprecedented times coming ahead. Military checkpoints will be set up on us interstates for covid vaccination certification. Camps will be activated. Police state/genocide is coming. New world order led by obama and pope francis is coming. Jesus christ is coming back for the rapture. Get ready. Dont believe the coming ufo alien abduction narrative
@@daebak7370 Have you discussed your beliefs with a mental health professional? Bracing for an apocalypse must take a toll on your mental & physical well-being, as well as personal relationships. I genuinely wish you well, sir/ma'am.
Michael burry has over 20% return since the beginning of pandemic, Ray only hitting half of that. Listen to Michael, don’t listen to Ray. He’s getting old and prefers the ccp over America.
@@tuw2528 Ray is aware his material is being studied worldwide so must be tactful. He cares about the future of USA. His work is the most extensive study of economic history I've ever read and the importance of productivity. Lyn Alden has picked up some of his ideas and does a good job explaining some of them. I like Doc Burry as well, when we can find him.
I agree he is pompous asshole, but commie? He's always come across as a first rate "Amercian patriot" He would wake up every morning salute the flag and recite the pledge to the flag and country propaganda of America. He's 100% uncle Sam indoctrinated!
Mr.Dalio is a gem, but I don’t thing the interviewer was up to speed on the material. Could have been better if he was better prepared. Too many topic on too little time, plus those are questions with very difficult answers.
We're here to hear Ray Dalio, and this guy doing the interview is constantly interrupted him, really, really annoying... It happened on the bridgewater youtube channel and it looks like we're going the same course here... tdlr: If Ray Dalio is speaking please dont interrupt him...
When Ray Dalio says "diversify" in terms of the 2 large economies even. Does it mean putting some investments in Chinese companies such as BABA, BIDU but still via US Stock exchanges? I mean how else (as Americans) can we invest in the Chinese businesses?
You'll need a prime brokerage account from Goldman Sachs, JP Morgan, Morgan Stanley, etc in order to get shares on mainland Chinese stock exchanges. These services are only available for large investment firms (hedge funds, pension funds, sovereign wealth funds, etc). The average little guy investor like me will have to buy ADRs or get shares on Hong Kong's stock market from certain retail brokerages like Charles Schwab for relatively high commission fees. I did some research by calling up a number of different brokerages and this is what I got.
The issue with redistribution is that if it reaches down into mom and pop small business it dissuades people from opening them. This in turn depresses innovation and many great ideas never make it out of the garage. Free societies tend to invent more amazing things than controlled ones, Financial repression and wealth distribution depress innovation.
The real economy is what matters , not the financial ones … I mean look at the past 40 years ? Looking at it today from 3 gigantic bubbles (stocks,bonds, real estate) , what does that do for the bottom 80% of the population ? Poverty …. can’t you see that? The workers with redistribution 40+years ago , had a much better pay and financial market had less profits . (Higher taxes) . But how was life back then ? 1 working familly member was enough to provide the whole family! Today’s you need the 2 parents to work even with 1 child only …. Paper money and financial wealth means nothing when that wealth do not reach 80% of its population . What more proofs then the velocity of money is needed to acknowledge that ? Too much Wealth concentration kills its economy …. Money stop being productive for The real economy because the market become more profitable (bubbles) then the real economy and so it just create more paper money , instead of investing in jobs ( and for the rare occasion they do invest , it’s jobs created overseas …China ? ) and create wealth for the entire economy Meaning the real economy . Velocity of money dies and look where it is today ….. It’s exactly what ray says about China . They are leaded by pragmatism and they are successful because they see by empirical evidences that capitalism is the best way to make money . so they introduce it even tho it seems it goes against their ideology…. Something the right should start looking at . Follow the money .
And yet we haven’t really changed the core of life , all that stuff we invented is just a giant distraction for most part. And we just managed to pay a lot of ceos a lot of money and enrich them more. We have divided us so much that we are no longer a tribe nor united. And no I don’t agree that it actually does that, peoples positive emotions according t on even Jordan perversion comes from going toward goals and moving forward on them. People will still seek status and try to stand out if even only to succede in the mating market as status and success does tend to help their, especially for men. We may not have 67 different types of soap 🧼, but we can find ways to actually take care of people.
I HAVE INCURRED SO MUCH LOSSES TRADING ON MY OWN...I TRADE WELL ON DEMO BUT I THINK THE REAL MARKET IS MANIPULATED... CAN ANYONE HELP ME OUT OR AT LEAST TELL ME WHAT I'M DOING WRONG ?
@@lukaradojevic7195 haha but if an old hat argument that? I mean if you think a decentralized super computer network that is 20 million times stronger than any other computer, cannot be attacked or hacked by anything, has the network effects and fastest growth of any capital market in the history of the world, based on extremely sound and tested computer theory brought together to form the perfect social incentives machine is speculative at this stage… then I would say you are being a fool. More likely you have done zero research into it… but yeah, Ray Dalio, Paul Tudor Jones, Fidelity, NYDIG, MSTR are all managed by or people who are a lot smarter than you. Go on what’s your best counter argument, cause I’m always open to the truth
@@edawg654 tulips were unhackable too...and definitely, there are very smart gardeners and horticulturists....does it mean that tulips should be a million bucks a pound?
you have taken a few minutes to NOT understand Ray and summarize your lack of understanding ... over whatever period of investment .. how does your return compare to Ray's ? I wonder .... do you have billions like Ray or do you have thousands to invest.
@@titusp9488 I've watched many , many interviews of Ray and he never commits to anything. His final advice is always the same, be diversified because bad things might be about to happen. The laws of chance actually predict investors like Dalio existing, so his track record is to be expected
@@stealthtowealth2167 I was almost going to respect your comment till your comment about Ray being an aberration. Its true somethings are up to chance and luck but you lack the true understanding of how Buffet and Dalio makes money (their consistence over time is what makes them unique not just chance). you want answers ... straight forward ... you are either too young or just naïve. Rich guys like that would never give you the answer - why would they? Watching a lot of his speech make you understand him? his methods? He makes money by selling his advice and investment service! Things a lot deeper than you can fathom :)
@@titusp9488 geez, just chill out mate. What are you picking random fights for? Judging by your poor command of English and superficial analysis you are no financial whizz. The laws of chance do predict performance like Dalios, I suggest you brush up on statistics 101. Furthermore his public comments ARE bland and non-specific. as you suggested he's not going to tell us plebs anything that can be used to arbitrage
Excellent information in this, small business is performing and our goal is providing capital to businesses that have the ability to continue to show growth despite current market expectations (supply and demand) Let our team be your guide.
People talk a lot about Crypto having a limited supply. But does that truly make it have long term growth, relative to something like Gold that has a true underlying asset backing it? Such an exciting space.
@@bahmak2003 The suggestion that Bitcoin's market cap would be over 10tn. And that's not even including all the Interesting forecasts/speculation of where many other coins would be trading in a year or two. IMO, it is indeed lofty. After all speculation always has been.... Of course it could very well reach those valuations but it won't end well imho as most things involving pure speculation and perceived value.
These billionaires don’t really contribute to society like people like Einstein did. They just make lots of money by gambling. Other billionaires are products people. A measure of life improvement is needed that is not based on money reification
Question is Can ppl buy bitcoin and not check the prize every week ? It does not make sense to trade in bitcoin without having any idea what's is real value at 0.0001 second of the day . If a single bitcoin gets popular There will be more other bitcoins Which eventually kill the idea .
I'm all for keeping an open mind, but Dalio at times has been a borderline apologist for the regime and it always raises questions in my mind whether he is placating Xi in exchange for some advantage. The issue frankly casts a pall over everything else he says. I just can't look past it.
You can't look past it because your view has been only one sided. Freedom, democracy (which is flawed and fabricated). Until you have been on the outside and seen into the West you can't appreciate the other side. Have you ever been to China?
@@Phalanx6433 I've been all over the world, including China. It made me appreciate America more, not less. Sadly we are gradually slipping in the direction of less freedom not more, which is exactly why I have a problem with apologists for authoritarian regimes, especially when they appear to be motivated by profit.
@@GenXstacker Agree. No communist regime ever produced good results. Freedom of thought and speech are necessary to progress, and a life without freedom is no life at all.
It seems like Ray thinks of Bitcoin exclusively as a currency. (?) If he framed it as an asset, I wonder if his perspective would be different? (E.g: Paraphrasing, “If it grows by 5x it will be bigger than all currencies and that’s not likely.” But 5x is still tiny compared to many asset classes.)
@@vladsobol5081 Good point, maybe he thinks of it that way. However Bitcoin and many cryptos can indeed create cash flow… I have about half my Bitcoin in interest yielding accounts. Also, there are lots of investment assets that do no generate cash flow, like precious metals, a second home that is not rented, a collectible car, high end watches, and art.
- are we just post to sit here and act like the Fed is not going to raise rates to flatten some of the inflation. - CASH IS NOT trash - CASH is cash .... .... you know , the thing that you work for and will continue to act upon
Ray doesn’t know anything about Bitcoin. Governments can’t stop it. That’s the whole point of decentralization. You think Chinese people stopped using Bitcoin because you heard it in the news? Wrong!
This interview will not age well for Ray Dalio. Dalio doesn't think BTC's market cap will reach $10 trillion? Why? He acts like EVERYONE who owns gold has to sell their gold and move to BTC to get there. They don't. The $10T won't only come from gold, but also from many other places (hedge funds, corporate balance sheets, IRA/401k's, etc.). While gold will remain in the $8-10 trillion range, BTC will far surpass it. For the record, no, I am not richer than Ray Dalio. But neither are you. Let's all come back in 4 years and let's see how well Ray's comments age?
I realized Ray becomes a scholar instead of practician. In terms of world order, I agree that the way China governs is more efficient, but fundamentally is very evil. The way China compete or collaborate with other nations can obliterate the competitor. Ray bet big on China. Let’s see how Ray’s investment in China works out.
US money printing is great for raising demand of Chinese goods, thus China growth, (also for US services and real estate). This growth is limited only by China getting enough energy for booming factories, and the ports all clogged up.
There is nothing more communist than 🇺🇸 corporations . They get bailed out all the time while sending 🇺🇸jobs to communist China . In effect , 🇺🇸 corporations subsidize communist China by cutting 🇺🇸 middle class job for a quick buck to give cheaper goods . You don’t get rich and create wealth by giving up jobs just to get cheaper price of goods ….
33:50 THE KEY point of this risk for next 50~100 years .... went over Andrew Sorkin's head (BTW, what's with his nose ... god so shinny) .. in 5 seconds and THE UNDERSTANDING ... was NOT achieved ...so we are heading toward the existential risks.
Rather an insightful response. Online poker effectively got shut down in the United States. With enough interest, the same could happen to cryptocurrency. It's not impossible.
@@SALTTube Thx, coz no one is wearing mask, and usually Ray shot video from his home/office in past 1.5 yrs, so i thought the pandemics is either not started yet or finished. looks like just close begining of the end😅
Ray is smart but really underestimates the total addressable market cap of Bitcoin, the technological aspects, and doesn't get the game theory of why USA won't ban it... E.g. More and more senators are Bitcoiners, and Miami will boom on Bitcoin innovation / entrepreneurship / adoption, and other states will follow... What money do you think zoomers and kids born today are gonna want?
Ray will never admit that communism not only allows exceptionally terrible things by governments, but are unsustainable because central management of an entire economy is just too complicated
doesnt a democratic capitalist society do the same thing? please save the high moral ground, the US invaded the middle east dropped bombs for a decade and destabilized entire countries. Theyre both bad!
Which period/type/brand of communism are you talking about? This is like saying Christianity was doomed to fail because the Roman authorities suppressed it until the 4th century.
Not if you trust the people in charge. Capitalism incentivizes corruption from the bottom up and the top down simultaneously, as opposed to communism is only top down at worst.
the only crap part is when they talk abt bitcoin...... tell you what, even a man of wisdom like Ray, without understanding the bitcoin whitepaper, will simply speak dumb things...
"ray is a scammer and hugely overestimated" I think the word you were looking for is "overrated" because people can't be "overestimated". I know, I know, it's difficult with the big words when you didn't finish high school. But thanks for your intellectual contribution.
great interview , but not a word on why the USA thought China would transition to democracy when the reverse occured , it became increasingly authoritarian and the cause of disequilibrium internally , externally, and everywhere else .
A democracy where a Marine gets jailed for speaking out against senior military leaders on battlefield strategy? Scary part - you can add (Chinese) or (US) in front of the "Marine", and it would be a legit news headline these days...
Hit the subscribe button to show support for everyone involved in making this event happen! #𝐒𝐀𝐋𝐓𝐍𝐘
El Salvador’s “lousy currency” is USD.
Time stamps would be nice
Great video, sound is quieter than normal though just a heads up 👍
I’ve always said that Dalio is not fuelled by greed. He’s fuelled by the desire to have a deeper understanding of markets and the world. He is committed to seeing the world for what it is. If he sees a difference in culture then he observers it, doesn’t judge it. Doesn’t say it’s better or worse, it just is.
That’s what I think he secret it! The circle of failing learning, then trying again
Please. Everything is driven by greed to some extent. But he does have a curiosity and does like sharing some information
What Ray said about cultural difference between East and west (family vs individual) is very real and it manifests in many aspects of our ways of doing things and conducting ourselves. It also points to the fundamental difference in citizen expectations of their government as well as expectations of individual.
Unprecedented times coming ahead. Military checkpoints will be set up on us interstates for covid vaccination certification. Camps will be activated. Police state/genocide is coming. New world order led by obama and pope francis is coming. Jesus christ is coming back for the rapture. Get ready. Dont believe the coming ufo alien abduction narrative
@@daebak7370 log off ✋
@@daebak7370 Have you discussed your beliefs with a mental health professional? Bracing for an apocalypse must take a toll on your mental & physical well-being, as well as personal relationships. I genuinely wish you well, sir/ma'am.
@@Tupelo927 He(Daebak) wants to send everyone here in the wrong direction, don't you think?
Bs. My european family shares resources and promotes collectivism. If you generalise, you are wrong. Aka an idiot.
I love how when Sorkin asks about the "existential threat", Ray gives him a truthful answer that completely bewilders and bothers Sorkin.
I could listen to ray for hours !
To me He has such a great balance between a lot of hard and divisive concepts about economic and society’s.
It was a pleasure having him at the event!
Ray is a genuine systematic thinker. Love his thoughts.
👍
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Who's this professional everyone is talking about I always see her post on top comment on every RUclips video I watched
I think I'm interested how can I get in touch with Mrs Jane
Thank You for getting Ray Dalio on to share his wise words 😃🙏🦋👍
Thanks for listening
Im a big admirer of Ray Dalio. Hope We can work togather one day.
Only 20,000 views! That is worrying. Dalio has decades of important knowledge to share.
Michael burry has over 20% return since the beginning of pandemic, Ray only hitting half of that. Listen to Michael, don’t listen to Ray. He’s getting old and prefers the ccp over America.
Agreed! 👍
@@tuw2528 Ray is aware his material is being studied worldwide so must be tactful. He cares about the future of USA. His work is the most extensive study of economic history I've ever read and the importance of productivity. Lyn Alden has picked up some of his ideas and does a good job explaining some of them. I like Doc Burry as well, when we can find him.
Thumbs down 👎🏼 because the guy from CNBC is a pompous commy
But then 👍🏼👍🏼 because Dalio is both gracious and a genius
I agree he is pompous asshole, but commie? He's always come across as a first rate "Amercian patriot"
He would wake up every morning salute the flag and recite the pledge to the flag and country propaganda of America. He's 100% uncle Sam indoctrinated!
Mr.Dalio is a gem, but I don’t thing the interviewer was up to speed on the material. Could have been better if he was better prepared. Too many topic on too little time, plus those are questions with very difficult answers.
We appreciate your feedback. Thanks for watching
Busy hanging w Mayo
Ray Dalio is amazing!
thanks for watching!
By the time you hear about the FED or any other central bank more than once a month in media you know we are digging ourselves a hole.
We're here to hear Ray Dalio, and this guy doing the interview is constantly interrupted him, really, really annoying... It happened on the bridgewater youtube channel and it looks like we're going the same course here... tdlr: If Ray Dalio is speaking please dont interrupt him...
You have to keep interrupting Ray since he’s difficult for most people to listen to.
Ray looks great for his age & I love his insights. He makes sense!!
"In the... real economy, but also in the market-" What a world.
When Ray Dalio says "diversify" in terms of the 2 large economies even. Does it mean putting some investments in Chinese companies such as BABA, BIDU but still via US Stock exchanges? I mean how else (as Americans) can we invest in the Chinese businesses?
You'll need a prime brokerage account from Goldman Sachs, JP Morgan, Morgan Stanley, etc in order to get shares on mainland Chinese stock exchanges. These services are only available for large investment firms (hedge funds, pension funds, sovereign wealth funds, etc). The average little guy investor like me will have to buy ADRs or get shares on Hong Kong's stock market from certain retail brokerages like Charles Schwab for relatively high commission fees. I did some research by calling up a number of different brokerages and this is what I got.
i think we are at 1919 england and china is 1919 usa
Agree
What an underrated but insightful comment! 👍👍👍
The Holy Grail of investing is "12 uncorrelated investments with a low risk, high return profile" - Ray Dalio 📈
Glad they finally let this man speak
Thanks for tuning in
The issue with redistribution is that if it reaches down into mom and pop small business it dissuades people from opening them. This in turn depresses innovation and many great ideas never make it out of the garage. Free societies tend to invent more amazing things than controlled ones, Financial repression and wealth distribution depress innovation.
The real economy is what matters , not the financial ones …
I mean look at the past 40 years ?
Looking at it today from 3 gigantic bubbles (stocks,bonds, real estate) , what does that do for the bottom 80% of the population ?
Poverty ….
can’t you see that?
The workers with redistribution 40+years ago , had a much better pay and financial market had less profits . (Higher taxes) .
But how was life back then ?
1 working familly member was enough to provide the whole family!
Today’s you need the 2 parents to work even with 1 child only ….
Paper money and financial wealth means nothing when that wealth do not reach 80% of its population .
What more proofs then the velocity of money is needed to acknowledge that ?
Too much Wealth concentration kills its economy ….
Money stop being productive for The real economy because the market become more profitable (bubbles) then the real economy and so it just create more paper money ,
instead of investing in jobs ( and for the rare occasion they do invest , it’s jobs created overseas …China ? ) and create wealth for the entire economy
Meaning the real economy .
Velocity of money dies and look where it is today …..
It’s exactly what ray says about China .
They are leaded by pragmatism and they are successful because they see by empirical evidences that capitalism is the best way to make money .
so they introduce it even tho it seems it goes against their ideology….
Something the right should start looking at .
Follow the money .
@@sivi9741 I noticed the St. Louis Fed (FRED) stopped the MZMV chart.
And yet we haven’t really changed the core of life , all that stuff we invented is just a giant distraction for most part. And we just managed to pay a lot of ceos a lot of money and enrich them more. We have divided us so much that we are no longer a tribe nor united. And no I don’t agree that it actually does that, peoples positive emotions according t on even Jordan perversion comes from going toward goals and moving forward on them. People will still seek status and try to stand out if even only to succede in the mating market as status and success does tend to help their, especially for men. We may not have 67 different types of soap 🧼, but we can find ways to actually take care of people.
Thank you for brief look into the future, currency and markets.
Thanks for watching Liz!
El Salvador’s “lousy currency” is USD.
Ray has an Italian way of deep thinking.
Only Italian deep thinking? How deep?
He's competent and solvent so I disagree.
Ray Dalio, what a great person, my favourite together with Peter Lynch.
Peter Schiff is my favourite bitcoin joker!😂😂
thanks for watching!
You might like Mike Maloney's work about the destruction of fiat currency.
I HAVE INCURRED SO MUCH LOSSES TRADING ON MY OWN...I TRADE WELL ON DEMO BUT I THINK THE REAL MARKET IS MANIPULATED... CAN ANYONE HELP ME OUT OR AT LEAST TELL ME WHAT I'M DOING WRONG ?
Same here, My portfolio has been going down the drain while I try trading,l just don't know what I do wrong
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I honestly feel like Ray is ever so close to realising what Bitcoin is. Keep going Ray.
Yeah,he is closer and closer to realazing that bitcoin is speculative bubble
@@lukaradojevic7195 haha but if an old hat argument that? I mean if you think a decentralized super computer network that is 20 million times stronger than any other computer, cannot be attacked or hacked by anything, has the network effects and fastest growth of any capital market in the history of the world, based on extremely sound and tested computer theory brought together to form the perfect social incentives machine is speculative at this stage… then I would say you are being a fool. More likely you have done zero research into it… but yeah, Ray Dalio, Paul Tudor Jones, Fidelity, NYDIG, MSTR are all managed by or people who are a lot smarter than you. Go on what’s your best counter argument, cause I’m always open to the truth
@@edawg654 so what is the fair value of bitcoin? 1 trillion USD per coin? what? lets see what 'research' you have done.
@@edawg654 tulips were unhackable too...and definitely, there are very smart gardeners and horticulturists....does it mean that tulips should be a million bucks a pound?
@@pcpolice2314 tulips were definitely NOT unhackable. Try something else mate
When was this recorded?
September 15th 2021
Great interview. A big fan of Ray Dalio and follow his views and investment strategy.
Glad you enjoyed the discussion 👍
Ray takes a very long, long time to say that he doesn't know what is going to happen and it's best to be diversified...
you have taken a few minutes to NOT understand Ray and summarize your lack of understanding ... over whatever period of investment .. how does your return compare to Ray's ? I wonder .... do you have billions like Ray or do you have thousands to invest.
@@titusp9488 I've watched many , many interviews of Ray and he never commits to anything. His final advice is always the same, be diversified because bad things might be about to happen. The laws of chance actually predict investors like Dalio existing, so his track record is to be expected
@@stealthtowealth2167 I was almost going to respect your comment till your comment about Ray being an aberration. Its true somethings are up to chance and luck but you lack the true understanding of how Buffet and Dalio makes money (their consistence over time is what makes them unique not just chance). you want answers ... straight forward ... you are either too young or just naïve. Rich guys like that would never give you the answer - why would they? Watching a lot of his speech make you understand him? his methods? He makes money by selling his advice and investment service! Things a lot deeper than you can fathom :)
@@titusp9488 geez, just chill out mate. What are you picking random fights for? Judging by your poor command of English and superficial analysis you are no financial whizz. The laws of chance do predict performance like Dalios, I suggest you brush up on statistics 101. Furthermore his public comments ARE bland and non-specific. as you suggested he's not going to tell us plebs anything that can be used to arbitrage
Yeah i needed him to have another 5 hours to just talk and I listen.
Excellent information in this, small business is performing and our goal is providing capital to businesses that have the ability to continue to show growth despite current market expectations (supply and demand)
Let our team be your guide.
Why does he not mention that the FED is a private owned institution by a small group of people who have not the best interest of the people in mind?
People talk a lot about Crypto having a limited supply. But does that truly make it have long term growth, relative to something like Gold that has a true underlying asset backing it? Such an exciting space.
This interview is gold.
👍
No electricity! No Bitcoin!
I used to like SALT when the mooch was doing it. Sorkin doesn’t cut it.
Thank you, Ray and Andrew
Thanks for watching!
Greetings from Papua new guinea
Welcome!
from his recommendation of assets you want, stocks was one, but if the market crashes due to the bad financials, etc., why hold stocks?
It is not impossible to outlaw. Remember that. They can take your bag if they really wanted to.
Especially if you are using something like Coinbase etc rather than some private wallet on a hard drive
RAN on the ASX. 99% down. Great future investment opportunity?
16:40 Love it when Ray said that Cathie doesn't make any sense.
What doesn’t make sense?
@@bahmak2003 Her lofty valuations on the crypto market
@@R.I.S.69 what’s lofty about her crypto evaluation?😂😂😂
@@bahmak2003 The suggestion that Bitcoin's market cap would be over 10tn. And that's not even including all the Interesting forecasts/speculation of where many other coins would be trading in a year or two. IMO, it is indeed lofty. After all speculation always has been....
Of course it could very well reach those valuations but it won't end well imho as most things involving pure speculation and perceived value.
@@R.I.S.69 lol ten years ago most people are laughing that bitcoin could go to 50k!😂😂😂
And that’s not 10x but 1000x! 😂😂😂
Didn't Voltaire say money would worth nothing except the paper it is printed on....
👀
“I had a crazy cat lady on last week and she said that Bitcoin would 10x in 5 years.”
These billionaires don’t really contribute to society like people like Einstein did. They just make lots of money by gambling. Other billionaires are products people. A measure of life improvement is needed that is not based on money reification
Ray dalio life is going through the cycle.
What past moneys had intrinsic value
Question is
Can ppl buy bitcoin and not check the prize every week ?
It does not make sense to trade in bitcoin without having any idea what's is real value at 0.0001 second
of the day .
If a single bitcoin gets popular
There will be more other bitcoins
Which eventually kill the idea .
Read his Book...
I'm all for keeping an open mind, but Dalio at times has been a borderline apologist for the regime and it always raises questions in my mind whether he is placating Xi in exchange for some advantage. The issue frankly casts a pall over everything else he says. I just can't look past it.
You can't look past it because your view has been only one sided. Freedom, democracy (which is flawed and fabricated). Until you have been on the outside and seen into the West you can't appreciate the other side. Have you ever been to China?
@@Phalanx6433 I've been all over the world, including China. It made me appreciate America more, not less. Sadly we are gradually slipping in the direction of less freedom not more, which is exactly why I have a problem with apologists for authoritarian regimes, especially when they appear to be motivated by profit.
@@GenXstacker Agree. No communist regime ever produced good results. Freedom of thought and speech are necessary to progress, and a life without freedom is no life at all.
big project , poor sound system.
disappointing
15:31 18:43 33:06
It seems like Ray thinks of Bitcoin exclusively as a currency. (?) If he framed it as an asset, I wonder if his perspective would be different? (E.g: Paraphrasing, “If it grows by 5x it will be bigger than all currencies and that’s not likely.” But 5x is still tiny compared to many asset classes.)
This all depends on how you define "asset". If the definition includes cash flow generation, Bitcoin or any other cryptocurrency is not an asset.
@@vladsobol5081 Good point, maybe he thinks of it that way. However Bitcoin and many cryptos can indeed create cash flow… I have about half my Bitcoin in interest yielding accounts. Also, there are lots of investment assets that do no generate cash flow, like precious metals, a second home that is not rented, a collectible car, high end watches, and art.
do not interrupt Ray soooo many times👶🏻👶🏻👶🏻👶🏻
I just find Ray difficult to listen to. I try but just can’t stay with it.
Thanks for your feedback. Let us know if there's anything we can do to improve your experience.
The price of IT services are up by 300% in 2 years!
I bought some salt coins four years ago. How am I going.??
The audio is quite bad quality.
Sorry you think so, we're working on making improvements for future events.
The best
- are we just post to sit here and act like the Fed is not going to raise rates to flatten some of the inflation.
- CASH IS NOT trash
- CASH is cash ....
.... you know ,
the thing that you work for and will continue to act upon
Cash? You mean the thing you’re supposed to trade for real assets as soon as you get it?
Bitcoin and gold
Wall Street Atlas!
Ray doesn’t know anything about Bitcoin. Governments can’t stop it. That’s the whole point of decentralization. You think Chinese people stopped using Bitcoin because you heard it in the news? Wrong!
People with self value choose gold. People without self value choose crypto
People with common sense choose both.
@@find_the_truth bitcoin is like a new religion... 😆. Because nobody can make another one.
@@yodaddy6586 And gold is like an old religion. People are abandoning it in droves.
This interview will not age well for Ray Dalio. Dalio doesn't think BTC's market cap will reach $10 trillion? Why? He acts like EVERYONE who owns gold has to sell their gold and move to BTC to get there. They don't. The $10T won't only come from gold, but also from many other places (hedge funds, corporate balance sheets, IRA/401k's, etc.). While gold will remain in the $8-10 trillion range, BTC will far surpass it. For the record, no, I am not richer than Ray Dalio. But neither are you. Let's all come back in 4 years and let's see how well Ray's comments age?
Even with expensive items,
they could have been stolen (if the servers don't try).
Why is Andrew sorkin so annoying
I realized Ray becomes a scholar instead of practician. In terms of world order, I agree that the way China governs is more efficient, but fundamentally is very evil. The way China compete or collaborate with other nations can obliterate the competitor. Ray bet big on China. Let’s see how Ray’s investment in China works out.
US money printing is great for raising demand of Chinese goods, thus China growth, (also for US services and real estate). This growth is limited only by China getting enough energy for booming factories, and the ports all clogged up.
There is nothing more communist than 🇺🇸 corporations .
They get bailed out all the time while sending 🇺🇸jobs to communist China .
In effect , 🇺🇸 corporations subsidize communist China by cutting 🇺🇸 middle class job for a quick buck to give cheaper goods .
You don’t get rich and create wealth by giving up jobs just to get cheaper price of goods ….
Crypto is literally nothing
The comparison of Bitcoin et al alt currencies to gold or a story of value showed that his calculus is flawed.
@2:50 his research began with confirmation bias
I saved myself over 30 minutes
Is Ray part of the Great Reset team?
Geez, they jumped into bitcoin real quick ! Just when Ray was speaking about tangible assets. Talk about bias !
33:50 THE KEY point of this risk for next 50~100 years .... went over Andrew Sorkin's head (BTW, what's with his nose ... god so shinny) .. in 5 seconds and THE UNDERSTANDING ... was NOT achieved ...so we are heading toward the existential risks.
"If crypto becomes too successful the government will shut it down"
Ok, boomer. Good luck with that.
Rather an insightful response. Online poker effectively got shut down in the United States. With enough interest, the same could happen to cryptocurrency. It's not impossible.
He's not your boomer dad... He's the most successful hedge fund manager out there. This is the boomer you need to pay attention to.
He is a smart guy, but he is also too old to understand why btc has much bigger market than gold
Looks like an old video before the pandemics
It is from SALT NY in September of 2021.
@@SALTTube Thx, coz no one is wearing mask, and usually Ray shot video from his home/office in past 1.5 yrs, so i thought the pandemics is either not started yet or finished. looks like just close begining of the end😅
Ray is smart but really underestimates the total addressable market cap of Bitcoin, the technological aspects, and doesn't get the game theory of why USA won't ban it... E.g. More and more senators are Bitcoiners, and Miami will boom on Bitcoin innovation / entrepreneurship / adoption, and other states will follow...
What money do you think zoomers and kids born today are gonna want?
“Game theory USA not banning it”
Im curious to know more. Im very scared about upcoming regulations
Crypto has intrinsic value.
It seems odd to me it took him this long in his life to reach some rather obvious conclusions.
Ray will never admit that communism not only allows exceptionally terrible things by governments, but are unsustainable because central management of an entire economy is just too complicated
doesnt a democratic capitalist society do the same thing? please save the high moral ground, the US invaded the middle east dropped bombs for a decade and destabilized entire countries. Theyre both bad!
Which period/type/brand of communism are you talking about? This is like saying Christianity was doomed to fail because the Roman authorities suppressed it until the 4th century.
Not if you trust the people in charge. Capitalism incentivizes corruption from the bottom up and the top down simultaneously, as opposed to communism is only top down at worst.
the only crap part is when they talk abt bitcoin......
tell you what, even a man of wisdom like Ray, without understanding the bitcoin whitepaper, will simply speak dumb things...
ray is a scammer and hugely overestimated
"ray is a scammer and hugely overestimated"
I think the word you were looking for is "overrated" because people can't be "overestimated". I know, I know, it's difficult with the big words when you didn't finish high school. But thanks for your intellectual contribution.
Hey child, finish middle school first?
great interview , but not a word on why the USA thought China would transition to democracy when the reverse occured , it became increasingly authoritarian and the cause of disequilibrium internally , externally, and everywhere else .
Dude, increasingly authoritarian and disequilibrium are happening in United States too. Why would China would like to learn from U.S?
A democracy where a Marine gets jailed for speaking out against senior military leaders on battlefield strategy? Scary part - you can add (Chinese) or (US) in front of the "Marine", and it would be a legit news headline these days...
@@royj8549 I'm unfamiliar with the Marine you mentioned; will you share more information, please?
*Saying thanks to 🔝🔝 is not enough to show how much I value everything about you for funding me 3btc💯*
no more stocks or bitcoin only AVAX and SOLANA
The male species is done !
Thanks Andrew and Ray
Thanks for watching!