1. 4 driving forces of economy and wealth creation: 4:25, 1.1 Productivity: 4:43. Grows slowly, like 1-2-3% a year, but is very stable, 1.2. Short-term debt cycle: 5:19. Recession, expansions, booms, etc. Lasts about 8-10 years, 1.3. Long-term debt cycle: 5:29. Began in 1945, the new world order, 1.4. Politics: 6:19. Internal and external politics. Internal: how do we deal with wealth gap, how do we allocate resources. External: between countries, and rising powers dealing with existing powers. 2. Q about Global Depression: 8:47. We are in a Depression, and likely, about to start a new world order. 3. 14:00 Follow-up question about Depression, markets, etc, and if recovery will be in one year or not. 4. 17:15 Q about comparisons to 2008 Recession. 5. 20:10 Q about changes in the market, esp. due to automation and AI. Dalio's answer goes back to his fundamentals (money, credit, fundamentals). Computers have more CAPACITY advantage over humans. 6. 24:43 Follow-up question about passive investing and 401K advice. Dalio's advice NOT to market time, and diversified own's assets. Comparison to ordinary person competing in the Olympics. Also: trading game zero sum game. Interesting segway about cash. 28:05 punchline. 7. 28:26 Q about retreating from globalization, and relationship to recovery. 30:35 interesting discussion about disputes between global empires. 31:08 Despite wishing that best and the top collaborate, they don't. 8. 31:40 Q about productivity and globalism. Dalio thinks that this has always been the case, but more so today. Importance of history, and lessons it provides for today. 33:05 Comment about help. World is so fragmented that it is almost dangerous to say thank you to those who are helping. 9. 34:10 Q about capitalism, and how it needs to be reformed. Dalio's answer is to go back to basics, and re-examine what we mean by the American Dream. Criticism about where we stand with respect to that. Importance of education as an equalizer, and a driver of productivity. But society thinks of education as a cost item. 10. 40:11 Q about rebuilding and low pay / low skill workers. 11. 46:30 Dalio talking about the importance of seeing the argument of the other side. Encouraging TED to bring people from different sides, and have thoughtful disagreement.
Been waiting to hear him in depth. He is so diplomatic in the way he talks about what is essentially a complete economic, political, monetary breakdow!
Because it's impossible that it will be an anarchical collapse like Mad Max or The Road or other apocalyptic movie fantasies. That's absurd. It might happen in a runaway global warming scenario or a nuclear war (and a nuclear winter - just a nuclear war won't do it), but not in a society with beyond massive infrastructure and food production and a social safety net and financial mechanisms that were put in place after the Great Depression and WW2. THE most devastated country in the world after WW2, the USSR, didn't have a house standing for 1,000 km in any direction in 1945. In 1961 they put a man in space. It's very, very hard to take human societies down.
valar Excellent post! Thanks for injecting some reality into the endless doomsday fantasies. The undeveloped world is in serious trouble, yes, but even they can work their way out of it. When everyone wants something, as a collective, it can only happen if they have an ounce of control over it.
@@squamish4244 At 1% death it's not a structural collapse scenario... what happens if the next one has a 25% death rate though? What happens if it happens now? What is the Mad Max magic number?
"[Capitalism] as it exists today is, in my opinion, the real source of evils. I am convinced there is only one way to eliminate these grave evils, namely through the establishment of a socialist economy, accompanied by an educational system which would be oriented toward social goals. In such an economy, the means of production are owned by society itself and are utilized in a planned fashion." -Albert Einstein
Books in Review Yet here we are, in Ray’s words, in the same long term market downturn that happens every 75 years or so. We solve the problems each time until we get so confident in ourselves that we ignore the good solutions.
@@thickerthoughts9107 human greed will always be there, just as love and compassion will always be there. The point is to build a societal system that exites the latter other than the former.
@Maxim Nawangwe He have a very large audience, and is very aware of witch lane he is in, compared to the experts he talks to. Calls himself a monkey all the time. I can see why he might project a negative image of himself, but really he is the nicest guy. If you could just be a little less elitist, please? :)
I am astonished how swiftly he navigates through the social, political and economical topics, refers to relevant historical events and gently suggests possible outcomes. I am trully impressed by his eloquency and knowledge.
United we stand. Divided we fall. If we can't Unite internally we can't Unite as a globe, and vice versa. It's a cyclical problem. Ouroboros. We chase conflict around the world then within our nation states then around the world again and so on.
Yeah he's talking about this creating a new world order and how it's a good thing. To be clear, "I may not be down with this nwo". But im pretty sure he's correct on that prediction.
when i opened this a video i thought i wouldn't watch it all 52 mins that's too long but time flew by listening to it even if i don't totally understand what they're talking about
Ray is the goat! He gives the answers but in a way not to offend either side.. if you read between the lines it's there. Both sides have to disagree well enough to find efficient solutions. The problem and why he says he's 60 40 pessimistic is because they don't even want to agree to disagree.. that's how bad each side hates the other.
@@eligreen364 yeah i got the basic idea it all depends on how those who have the power and money/resources will react will they be greedy or they'll think about the others too in terms of countries, individuals and companies etc....
“You must have understanding of the cause/effect relationships to know what you believe in.” - Ray Dalio Literally the most important thing he said in this whole video
Thanks Ray for the great talk! As a Chinese who lives in the US, I truly appreciate all the help that American people and American companies have provided for us when the outbreak first hit China. Thank you! It hurts when I saw all the hatred comments below the news and videos that even said a tiny bit of what the western countries have not done well or what China has done well. There has been increasing hatred on both sides and this is preventing all of us from fighting the pandemic and fixing the fundamental problems the world is facing. On both sides Whoever is promoting this should be responsible for the great loss of humankind. I want to echo on Ray's last point, at the end of the day, whether we will come out of the crisis with a better version of ourselves depends on how we treat each both domestically and internationally. Let's have thoughtful disagreement. Hope everyone stays healthy and safe!
@@susanwolf3654 Hi actually 99.99% of Chinese people eat the same thing as American people do. Fruit, vegetables, chicken, beef, pork and lamb. I personally don't have a friend eating "wired things" like bats. Most Chinese people do not agree with wild animal trade. As for reason why this still exists, my observation is that there are outdated beliefs in ancient Chinese traditions /ancient medicine books that eating these "wired stuff" can help with health (actually this belief also exists in other part of east and southeast Asia), so it is unfortunate that there is such need and thus such market. The government is making laws to ban it.
@@susanwolf3654 I dont understand why in America people eat crap food and lots of it and everyone is fat..and in terrible health..not smart, in Corona days
@@bosalinas6357 They do but at least they don't cause coro viruses,you can do whatever you want to your body,just don't cause me to get virses,and this is not the first time! Americans l know don't eat cats or dogs or bats!
Mr. Ray Dalio is very honest. History proves he’s correct with the wars, corruption, distribution of wealth. Chris has a few points with his last comment but he’s describing what we all like to see, the good in people making the right moral decisions... while Ray explains what the true reality of human nature is. Ray is very intelligent. In short, Ray tells us what we need to hear... not what we want to hear
As an Italian man, I can say that Ray's speech is 100% comprehensible, while when the male interviewer speaks, I can't hardly understand some word here and there...hostile slang!!!!
I read his masterpiece of big debt crises and successfully avoided the loss of market meltdown this March. What I admire him most is not only his wisdom but his willingness to passionately share his insight to the world
@@biplav32 Dalio has such a big portfolio, plus constraints to his investment strategy, it is impossible for him to empty all of his stocks (with limited capital, it was easy for me to sell out all calls while keep short in Feb.). Anyway there was unconfirmed news last year for his fund to bet on March market down with $1B short.
@@dr.magnanimous8973 You are absolutely right, when I heard the news last year for his March short hedge, I started to empty my stock and turned to treasure bonds and option put (but keep partial call as hedge) , but no one could predict conoravirus as a pin (Peter Schiff's words) to burst the bubble.
What scares me most is that the world is repeating cronyism capitalism as did on 2008 bailout through FED, Mnuchin and Blackrock etc. Once revealed years later, next round of occupy wall street movement may be a violence protest, leading to unimaginable situation as warned by Ray Dalio
Ya, I've been searching for Ray Dalio's opinions this entire financial crisis. US stocks may re-bound in a year or 2 but it'll be 100% fake (similar to the 'success' of the Venezuelan stock market priced in Bolivars.
I bought my mom an iPad to learn English, she used it to watch tv. I know a friend whose kids have computer, but they only use it to play games. I have a rich friend whose kid doesn’t use computer, but he’s always learning. I’m afraid the difference is not just about having a computer.
bighand69 the problem is that “personal choices” is a subjective topic. you see, if a kid is in a family on the lower end of income, it’s way of looking at things like a Computer, which it does not own, is corrupted in this shiny world. A kid sees other “rich” kids on RUclips playing games all it wants to have is a computer to be able to do the same thing, play. the rich kid on the other end of the spectrum has a much more clear view and much more time for clear thinking as it has less to worry about and more time to see what is actually essential in a lifetime ... assuming that both kids are of equal intelligence.
Yep, you need desire and discipline to succeed. No amount of tokens can teach you to get out of a hole - you need to graft if you don't have wealth to begin with. It's not ''fair' but that is how the world is.
@@lurker-mq4fp Education. One can teach how to think, show not only the information, but also teach how to analize that given information, and search for more (contraditory or not) so to make the best value out of it. If a kid is only handled as a consumer, and working force, you won't bring all the value it can produce into society. The issue is that teaching kids how to think, will transform existing industries such as the ones stuck into the state protection and disguised under nationalistic rethoric, religious industries and media. And that would be a great thing for all. Still humans are conservative by nature, and changing the status quo is very difficult for most.
Everytime I am about to watch a Ray Dalio interview, I check the comments to see the interviewer has interrupted him again. This one doesn't, so thank you.
Ray Dalio was my reason to begin investing for retirement. Start young, open a Roth IRA and build an all-weather portfolio suggested by Ray Dalio hiimself.
You need to buy gold, but the bullions are all sitting in the vaults of Commercial banks and Central banks nowadays. Be ready to pay the high price, especially if you use USD.
It seemed to me like the interviewers were more concerned on what’s happening in the economy or system right now, but Ray already looked passed that, his concerns are on another level and is more on the long term. What is unfolding right now in the economy is part of a process of change that is going to come, Ray keeps mentioning but I don’t think people are giving attention.
I thought his focus was on, this, too will pass. It was a upbeat tone on, "Get ready for several rough and raw years." There is A LOT to be worked out, Worldwide, and Nationally.
like that game with the split/not split? we already have experiments on reactions of ppl to this situations, from what you sow in that show, are both sides will be honest? love from ISR.
@@randy52000 do you know nothing about finance? To leverage in the financial world is to borrow money. Then use that money to invest in something hoping you can make the spread on the investment compared to the interest. To borrow money means you were too broke to do what you wanted to do with cash.
I had to switch it to audio-only because I couldn't stand the interviewers nodding *incessantly*. I am surprised that for others it is not irritating but maybe it is a cultural difference. Anyway, thank you for the interview.
I don’t thinks so...2008 is a long term debt crisis that happens once in a century. But this is different and it’s going to grind on... and monetary policy won’t be effective. Ray Kept saying on interviews” it’s not going to be like 2008”
Ray has summarized this in an amazing video titled "how economy works". In my opinion it is by far the best resource to understand economy and everything that has occurred in this world in past 100 years. He will teach economy in 30 minutes that u won't learn in four years degree at University
I also noted that, but he knows it, because he later signals the need of establish the reality that there is a basic level of access to education and healt care under which nobody should fall.
33:15 "The Chinese are helping, to even say that is a Politically loaded statement, it's almost dangerous" 34:00 "Totally true, I think all of us are gonna say thank you to... (oh damn, I'll get death threats from Internet Trolls...) ... um... the different people who are helping"
@@oshio9129 1\ Both the doctor and the government didn't know anything about the virus at the very beginning(the doctor is majoring in Ophthalmic，not communicable); 2\ It was a mistake that local authority warns the doctor due to consideration that such spread would bring more panic socially and had been recognised and corrected by Central government soon; 3\ Chinese Central Government acts rapidly and corrected response faster than you can imagine to address the virus. Just imagine if the same virus first happen in US under Trump's administration. I am not saying China didn't make any mistake at the very beginning, while I dno't think any country facing a new kind of such virus would make no mistake.See what US did even after it knows what the virus is and how bad it is. But What China as such a populous country did later is far more impressive and effective. And I am not asking you to be grateful about China's response but would be really decent to appreciate what others contribute and sacrifice.
@@oshio9129 Besides that. Do you know the mechanics of supply and demand? If there are LOW supply and a HUGE demand, obviously prices go up. And if china wouldn't produce any face masks, will the USA do? There are lots of idiots still blaming China for all of this, but does this help? Why wasting all that energy and thoughts on this nonsense, but rather fking DO something. You know what's even funnier? www.forexfactory.com/attachment.php?attachmentid=3595189&d=1585759881 and google which country is 1st Place of most confirmed COVID-19 cases.
Saying THANKS is dangerous! this reminds me of childhoods when a stranger (a kid in same age as us) does us a favor & cuz we don't want to feel weak we keep quiet (never saying it) pretending that we don't need help! this world is creepy it's a fact.
Justin Like America bringing Aids to the world. You are the type of people that Ray referred as lack of education. If you are a well educated person and has good sense on science and cause effect relationship than you would not blame on a country who outbreaks pandemic without doing things wrong.
Ludwig Erhard was one person how was a smart economist and germany have had the Economy wonder in his time....for now there is no person like him in the politics
Great talk. Ray is one of the genuinly goog person. I believe he is a warior. We need more like him. And listen to them as a leaders. Than amplify on our children to make next generations better, more educated and more peacefull.
Fascinating insights from Mr Dalio. Somewhat disappointing questions however: which mostly were stuck in the pre-paradigm shift world view, whilst Dalio was talking about the post-paradigm shift future.
I'm afraid I must agree with bighand, your comment at least begs the question as to what paradigm you are referring and what is its shift? Or if you are more correctly speaking of a change in a paradigm, from what paradigm, and to what paradigm, are we changing?
I read Ray Dalio’s books and subscribe to his mailing list so I know his style. I have also listened to at least three recent interviews with him and I am becoming more and more certain that Ray is not able to give a relatively straightforward answer to a question without broad historical background. I am afraid that many want more simplicity and clarity even in these uncertain times
I love Ray❤️ this Human is just legit! I always have the feeling when he speaks that he really wants to convey knowledge instead of being right or profiling himself 👍🏼
As powerful as he is, is Mr. Dali willing to gather a group of highly influential businessmen and other groups come together to make a difference, to press pressure to the government to make the right decision
I'll be honest. I think we are being given an opportunity to change. I think the notion that we assume we need to take the status quo and apply it to old school values is flawed. I watched a company that was rethinking car development and rather than adopting a traditional car to a driverless world, a company said what if we built cars as if drivers never existed!? I think that if we try to continue with what is... status quo... we miss the opportunity to make a change that bypasses old assumptions.
Thanks to the world to come together. thanks for China for the supplies to the world ( I am in Australia) we are one people on this earth! Let’s all prosper and share a piece of the pie for the future!
Thank you Chinese Communist Party for suppressing information about a deadly virus and attempting to cover it up by persecuting its own citizens. Thank you for the global depression that you could have stopped but are now profiting from by exporting medical equipment. Thank you!
Thank whom? The Chinese communists that unleashed this on the world and then lied about it? Oh, but they gave everyone face masks they were already hoarding! So ridiculous.
The hosts are really not getting his main points! I cant believe their takeaway was that "we will get through this" and "shouldn't you speak up re: China" when he clearly said the world economy is ending as we know it. Perhaps he wants it that way
Tina R. There was no push back from the hosts when Ray applauded the Chinese government for supposedly helping the rest of the world during the pandemic. I lost a lot of respect for Ray when he said that. So much suffering and devastation is occurring and he couldn’t even acknowledge who was accountable for it. Almost like he’s too financially and intellectually invested in China to be objective. I bet the intellectual invested is way way more important to him, especially since he’s a billionaire who’s giving away half his wealth. What does he care at this point. Reminds me of George Soros who I admired until he went berserk. Same pattern of giving away his money and pushing causes to the extreme using whatever means to accomplish the goals.
@@jamesp.couvelis2470 You want to blame the whole China because a virus emerged from an an illegal wild trade market. China actually handled pretty well when they learnt about the mess. How is the entire Chinese population or Government fully responsible for such a random event. They are accountable, but the same thing may happen on any place. What's more outrageous is that US being the most powerful and wealthiest cannot handle a pandemic as well than many other countries. Let's criticize your own self and improve rather than blaming.
@jamespcovelius tend to disagree with the excessive demonizing of China. Yes they tried to cover up and created a big problem for the world but the whole world was also looking on with some indifference and amusement when they were battling it at its peak.
"Are one country's vulnerabilities another country's opportunities?" And the same goes for one company's vulnerabilities / another company's opportunities. Invest in innovators: fintech, biotech, renewable energy, online services. Take a look at the top 50 holdings of ARK Innovation Fund for guidance, and choose companies with the strongest balance sheets to survive the storm. I've made my selections. Happy hunting. To all struggling with this illness I wish a speedy recovery. Thanks to all who continue to shelter in place to prevent the spread. I am a healthcare worker and am grateful for the protection that affords me, my colleagues, my patients, and my family as I continue to provide essential services.
D Chambellan I own four of their top ten holdings in ARKK. In addition, I own leaders in cloud computing, streaming media, renewable energy, immunotherapy, and chip manufacturing. Out of those ten stocks, only one does not appear in an ARK fund. The funds have between 30-50 holdings each. Many of which do not appear in the S&P500 or even the NASDAQ100. These innovators are poised to displace many of those weak, leveraged legacy companies from the indices in the next three years, burdened by sunk costs in old platforms.
I just wanted to come and listen to a few points from this but I couldn't get my self to pull away. Very engaging and succinct points. Ray Dalio is the GOAT.
WOW, Ray is not only one of the best investors, but also the most wise peacekeeper and forward-looking visionary leader in the world. We need to listen to him more.
@samuel: Damn right - you have reason to be pessimistic if you believe you don't have control... The truth is that we all have control... 1/8 billionth of it... But it adds up if we choose to exercise it. That's all we can do, no more or less, but everyone has the power to push for a positive outcome. If we all jump together, maybe we can move the Earth ;)
This is all great wishful thinking, and yes we should all do our part and every small deed counts. But we also know the world is filled with more hatred and politicizing nowadays. Watch the video, Ray gives examples.
@@shuo7543 I've watched the video. Your missing the point. You're talking in limiting beliefs. You forgoing the conclusion when you should be focusing on how you will be part of the solution. Your the pessimist.
Samuel Fitzpatrick I appreciate the optimism. Let’s all do our part and see how this all plays out. Btw as much as I want to believe it, not every human has 1/8 billionth of control - the control gap is just as wide as the wealth gap.
@@xxgoldmoney i'm not from Russia if you want to be smartass,and i m not going to explaine myself to you,but get your facts right,our whole economical and financial system is based on illusion,i m all for capitalism and free market but you in America last time i checked have printing press which would make Frank Abangale jelous.But hey,who am i to judge after all you live in the land of the free and home of the brave,right?i m just some jackass from Serbia,and we drink rakia here not vodka
@Susan Bara Not sure if you're trolling with this big piece of text but I read it so here's what I think. It's just a common sense to maintain safe distancing when going for test and be extra cautious because you're very likely around someone who is positive. Govts. have done more than enough to create awareness on social distancing and personal hygiene so it's not a weakness in communication by govt.
@Susan Baron Dalio is talking about educating from productivity point of view. Someone who is educated, runs a business or works at a job is more productive for the economy and helps a lot of people in the system directly or indirectly. Besides, I wish there was a magical serum that could be given to some people to help them understand simple things like personal hygiene and safe distancing in these trying times.
What about the fact that we live in a rapacious global oligarchy that has been economically & criminally oppressing nearly everyone on the planet? Why doesn’t anyone talk about how controlled the system is by the few..? It’s not a collective effort like he’s describing...
Thanks for talking about this argument. Lovely watching and listening to both of you from the top of the mountain of Trentino Italy. Living here as a loner, Tedx and Ted are my company. Thanks Ted and RUclips.
China will print money massively and be a trusted partner and lender for large parts of the world. The dollar will no longer be the most important currency. We will have established a new balance.
Why do you not talk about the role of China in the future world. The Chinese are a trading nature. They are positioning themselves as the trusted connected trading partner. This can become a good force in the future world.
That could be a place to talk about the evil of the Comunist party. Chinese people are friends of America and the World. Comunist pary are the enemy of America and the World.
@@oldrichkosacka5522 I am chinese, i don't like CCP, but i don't hate CCP.many westerner just judge CCP with bias and ingnorance.and if you dare to defend CCP or even just tell them the truth, they call you a CCP spy. and even insult you. is that a friend should do? i don't think so.
@@nicklu761 you need to meet some new acquaintances because not every person who isn't Chinese is like that. Most fair-minded people would like to hear your views about what you know about the CCP that makes you not hate them as an intelligent person would want to hear your side of the story & listen to your reasoning, because you could educate those who may (or may not) be ignorant. We as Westerners only see one side of the story & i am sure some would enjoy talking to you about this.
@@twodogzdogue8710 sry for my poor english.thank you for your advice,i think there is open-minded people in the world.but nowday people are just not willing to listen.
Very interesting to listen to Mr. Dalio on this issue. I respect him very much. No need to show Ms. Hajim on the screen just nodding non-stop. I find it visually disrupting. Nothing personal.
1. 4 driving forces of economy and wealth creation: 4:25,
1.1 Productivity: 4:43. Grows slowly, like 1-2-3% a year, but is very stable,
1.2. Short-term debt cycle: 5:19. Recession, expansions, booms, etc. Lasts about 8-10 years,
1.3. Long-term debt cycle: 5:29. Began in 1945, the new world order,
1.4. Politics: 6:19. Internal and external politics. Internal: how do we deal with wealth gap, how do we allocate resources. External: between countries, and rising powers dealing with existing powers.
2. Q about Global Depression: 8:47. We are in a Depression, and likely, about to start a new world order.
3. 14:00 Follow-up question about Depression, markets, etc, and if recovery will be in one year or not.
4. 17:15 Q about comparisons to 2008 Recession.
5. 20:10 Q about changes in the market, esp. due to automation and AI. Dalio's answer goes back to his fundamentals (money, credit, fundamentals). Computers have more CAPACITY advantage over humans.
6. 24:43 Follow-up question about passive investing and 401K advice. Dalio's advice NOT to market time, and diversified own's assets. Comparison to ordinary person competing in the Olympics. Also: trading game zero sum game. Interesting segway about cash. 28:05 punchline.
7. 28:26 Q about retreating from globalization, and relationship to recovery. 30:35 interesting discussion about disputes between global empires. 31:08 Despite wishing that best and the top collaborate, they don't.
8. 31:40 Q about productivity and globalism. Dalio thinks that this has always been the case, but more so today. Importance of history, and lessons it provides for today. 33:05 Comment about help. World is so fragmented that it is almost dangerous to say thank you to those who are helping.
9. 34:10 Q about capitalism, and how it needs to be reformed. Dalio's answer is to go back to basics, and re-examine what we mean by the American Dream. Criticism about where we stand with respect to that. Importance of education as an equalizer, and a driver of productivity. But society thinks of education as a cost item.
10. 40:11 Q about rebuilding and low pay / low skill workers.
11. 46:30 Dalio talking about the importance of seeing the argument of the other side. Encouraging TED to bring people from different sides, and have thoughtful disagreement.
V P this is great. Thanks
Thanks
VP thanks
You are awesome!
Thank you VP
Finally an interviewer who doesn't interrupt Ray's wise words - thank you!
They did a few times.
The interviewers are on a different wavelength, completely missing the reality and magnitude of the situation that faces us,
I have never seen a man more interrupted than Ray Dalio. Honestly it is incredible. Let the wise man finish his thought!
Agreed
@@RafaSyed Yes completely. Ray Dalio have turned on the "long light" and the interviewer just need a "stock pick" for the next week.
Was waiting for Dalio’s take on all this for a long time. Really hope he becomes more outspoken on his opinions.
Been waiting to hear him in depth. He is so diplomatic in the way he talks about what is essentially a complete economic, political, monetary breakdow!
Tina R. Which wont happen - he ist very smart at the same time very pessimistic
@@gizmoffm It will happen.... Eventually. Maybe not this cycle.
Because it's impossible that it will be an anarchical collapse like Mad Max or The Road or other apocalyptic movie fantasies. That's absurd. It might happen in a runaway global warming scenario or a nuclear war (and a nuclear winter - just a nuclear war won't do it), but not in a society with beyond massive infrastructure and food production and a social safety net and financial mechanisms that were put in place after the Great Depression and WW2.
THE most devastated country in the world after WW2, the USSR, didn't have a house standing for 1,000 km in any direction in 1945. In 1961 they put a man in space. It's very, very hard to take human societies down.
valar Excellent post! Thanks for injecting some reality into the endless doomsday fantasies. The undeveloped world is in serious trouble, yes, but even they can work their way out of it.
When everyone wants something, as a collective, it can only happen if they have an ounce of control over it.
@@squamish4244 At 1% death it's not a structural collapse scenario... what happens if the next one has a 25% death rate though? What happens if it happens now? What is the Mad Max magic number?
“We can not solve our problems with the same level of thinking that created them.”
-- Albert Einstein
"[Capitalism] as it exists today is, in my opinion, the real source of evils. I am convinced there is only one way to eliminate these grave evils, namely through the establishment of a socialist economy, accompanied by an educational system which would be oriented toward social goals. In such an economy, the means of production are owned by society itself and are utilized in a planned fashion."
-Albert Einstein
Books in Review Yet here we are, in Ray’s words, in the same long term market downturn that happens every 75 years or so. We solve the problems each time until we get so confident in ourselves that we ignore the good solutions.
@@clemfandango9033 No, I disagree. As long as there are human egos, greed, etc there will never be a perfect gov system.
@@thickerthoughts9107 human greed will always be there, just as love and compassion will always be there. The point is to build a societal system that exites the latter other than the former.
Blip in the Cosmos ✅✅✅✅✅
Ray needs to talk to Joe Rogan, that is what we need now more than ever.
Ya exactly
How about he talks to someone who's not a meathead?
Ray “Bong” Dalio
@Maxim Nawangwe He have a very large audience, and is very aware of witch lane he is in, compared to the experts he talks to. Calls himself a monkey all the time. I can see why he might project a negative image of himself, but really he is the nicest guy. If you could just be a little less elitist, please? :)
@Maxim Nawangwe Joe Rogan is a journalist with a massive audience and could spread Dalio's wisdom to many people.
It's refreshing to hear from someone who's a thinker on a global scale!
I am astonished how swiftly he navigates through the social, political and economical topics, refers to relevant historical events and gently suggests possible outcomes. I am trully impressed by his eloquency and knowledge.
United we stand. Divided we fall.
If we can't Unite internally we can't Unite as a globe, and vice versa. It's a cyclical problem. Ouroboros. We chase conflict around the world then within our nation states then around the world again and so on.
Yet he lacks ability to make accurate analysis. For example globalism and praising china, even though whole problem was caused by both of those.
It's not a mistake that he's worth $18 billion.
Yeah he's talking about this creating a new world order and how it's a good thing. To be clear, "I may not be down with this nwo". But im pretty sure he's correct on that prediction.
when i opened this a video i thought i wouldn't watch it all 52 mins that's too long but time flew by listening to it even if i don't totally understand what they're talking about
Ray is the goat! He gives the answers but in a way not to offend either side.. if you read between the lines it's there. Both sides have to disagree well enough to find efficient solutions. The problem and why he says he's 60 40 pessimistic is because they don't even want to agree to disagree.. that's how bad each side hates the other.
@@eligreen364 yeah i got the basic idea it all depends on how those who have the power and money/resources will react will they be greedy or they'll think about the others too in terms of countries, individuals and companies etc....
Me too
Even i dont speak english i know like 35%
Talking about thin air... that’s what Dalio does usually, or crisis coming so that he can make money shorting.
Talking about thin air... that’s what Dalio does usually, or crisis coming so that he can make money shorting.
“You must have understanding of the cause/effect relationships to know what you believe in.” - Ray Dalio
Literally the most important thing he said in this whole video
Great job Corey on allowing Ray to answer without interrupting.
Seems like people spend more time proving that they are right rather than objectively thinking about how to solve an issue without biases.
Miguel Castillo The human mind is a confirmation bias machine. Nobody thinks like that. That’s why central planning fails so miserably.
That is the most profound thing I have read in a long time
True
It is a lot easier than do. I means "think without bias".
As in politics of almost all countries
In my perspective, Dalio is one of those most know how the world works.
Hedge funds do
That’s true
I doubt it, he is a simpleton running a con
I like Peter schiff
Tristian Herrera Peter Schiff for the win!
Hard times create strong men, strong men create good times, good times create weak men, weak men create hard times...etc...etc...etc
Right and world goes round and round.
Ray Dalio speaks beautifully, I love the way he delivers information. No wonder why he is so successful, great wisdom
„May I take a moment to do that?”
I can learn as much kindness as economy from Mr. Ray.
Thanks Ray for the great talk!
As a Chinese who lives in the US, I truly appreciate all the help that American people and American companies have provided for us when the outbreak first hit China. Thank you!
It hurts when I saw all the hatred comments below the news and videos that even said a tiny bit of what the western countries have not done well or what China has done well. There has been increasing hatred on both sides and this is preventing all of us from fighting the pandemic and fixing the fundamental problems the world is facing. On both sides Whoever is promoting this should be responsible for the great loss of humankind.
I want to echo on Ray's last point, at the end of the day, whether we will come out of the crisis with a better version of ourselves depends on how we treat each both domestically and internationally. Let's have thoughtful disagreement.
Hope everyone stays healthy and safe!
I don't understand why in China people eat animals,why they don't stop that behavior, can you tell me l always wondered about that?
@@susanwolf3654 they don't have turnkey to eat :)
@@susanwolf3654 Hi actually 99.99% of Chinese people eat the same thing as American people do. Fruit, vegetables, chicken, beef, pork and lamb. I personally don't have a friend eating "wired things" like bats. Most Chinese people do not agree with wild animal trade.
As for reason why this still exists, my observation is that there are outdated beliefs in ancient Chinese traditions /ancient medicine books that eating these "wired stuff" can help with health (actually this belief also exists in other part of east and southeast Asia), so it is unfortunate that there is such need and thus such market. The government is making laws to ban it.
@@susanwolf3654 I dont understand why in America people eat crap food and lots of it and everyone is fat..and in terrible health..not smart, in Corona days
@@bosalinas6357 They do but at least they don't cause coro viruses,you can do whatever you want to your body,just don't cause me to get virses,and this is not the first time! Americans l know don't eat cats or dogs or bats!
Mr. Ray Dalio is very honest. History proves he’s correct with the wars, corruption, distribution of wealth. Chris has a few points with his last comment but he’s describing what we all like to see, the good in people making the right moral decisions... while Ray explains what the true reality of human nature is. Ray is very intelligent. In short, Ray tells us what we need to hear... not what we want to hear
When Ray Dalio speaks, I listen.
Thank you very much for this program
As an Italian man, I can say that Ray's speech is 100% comprehensible, while when the male interviewer speaks, I can't hardly understand some word here and there...hostile slang!!!!
This sums up everything: “Diversify well. Be humble. Don’t market time, and be conscious of the dangers of cash”.
I read his masterpiece of big debt crises and successfully avoided the loss of market meltdown this March. What I admire him most is not only his wisdom but his willingness to passionately share his insight to the world
You avoided it but he didn't.
@@dr.magnanimous8973 Buffet had 100billion cash.
@@biplav32 Dalio has such a big portfolio, plus constraints to his investment strategy, it is impossible for him to empty all of his stocks (with limited capital, it was easy for me to sell out all calls while keep short in Feb.). Anyway there was unconfirmed news last year for his fund to bet on March market down with $1B short.
@@dr.magnanimous8973 You are absolutely right, when I heard the news last year for his March short hedge, I started to empty my stock and turned to treasure bonds and option put (but keep partial call as hedge) , but no one could predict conoravirus as a pin (Peter Schiff's words) to burst the bubble.
What scares me most is that the world is repeating cronyism capitalism as did on 2008 bailout through FED, Mnuchin and Blackrock etc. Once revealed years later, next round of occupy wall street movement may be a violence protest, leading to unimaginable situation as warned by Ray Dalio
For anyone who hasn’t already, I recommend the book Principles-which is written by Ray Dalio, himself.
Starting the first chapter right now!
Also there is a free Principles app that includes the entire book and extra features.
julianb1212 hi where can I find the app for the book?
Great book!
It’s called Principles in Action on iOS and Android I think.
This interview is BIG...
Very INFORMATIVE...
Ya, I've been searching for Ray Dalio's opinions this entire financial crisis. US stocks may re-bound in a year or 2 but it'll be 100% fake (similar to the 'success' of the Venezuelan stock market priced in Bolivars.
I bought my mom an iPad to learn English, she used it to watch tv. I know a friend whose kids have computer, but they only use it to play games. I have a rich friend whose kid doesn’t use computer, but he’s always learning. I’m afraid the difference is not just about having a computer.
It is all down to personal choices. What people do with their life really defines outcome.
bighand69 the problem is that “personal choices” is a subjective topic. you see, if a kid is in a family on the lower end of income, it’s way of looking at things like a Computer, which it does not own, is corrupted in this shiny world. A kid sees other “rich” kids on RUclips playing games all it wants to have is a computer to be able to do the same thing, play. the rich kid on the other end of the spectrum has a much more clear view and much more time for clear thinking as it has less to worry about and more time to see what is actually essential in a lifetime ... assuming that both kids are of equal intelligence.
It's not enough to give people fish. You also have to teach them how to fish.
Yep, you need desire and discipline to succeed. No amount of tokens can teach you to get out of a hole - you need to graft if you don't have wealth to begin with. It's not ''fair' but that is how the world is.
@@lurker-mq4fp Education. One can teach how to think, show not only the information, but also teach how to analize that given information, and search for more (contraditory or not) so to make the best value out of it.
If a kid is only handled as a consumer, and working force, you won't bring all the value it can produce into society.
The issue is that teaching kids how to think, will transform existing industries such as the ones stuck into the state protection and disguised under nationalistic rethoric, religious industries and media.
And that would be a great thing for all.
Still humans are conservative by nature, and changing the status quo is very difficult for most.
Everytime I am about to watch a Ray Dalio interview, I check the comments to see the interviewer has interrupted him again. This one doesn't, so thank you.
Ray Dalio was my reason to begin investing for retirement. Start young, open a Roth IRA and build an all-weather portfolio suggested by Ray Dalio hiimself.
Any Links?
You need to buy gold, but the bullions are all sitting in the vaults of Commercial banks and Central banks nowadays. Be ready to pay the high price, especially if you use USD.
It seemed to me like the interviewers were more concerned on what’s happening in the economy or system right now, but Ray already looked passed that, his concerns are on another level and is more on the long term. What is unfolding right now in the economy is part of a process of change that is going to come, Ray keeps mentioning but I don’t think people are giving attention.
Darren Chai that’s because they saw their 410k drop 30%
He never mentions it directly but he is definitely talking about Donal Trump and the elections
I thought his focus was on, this, too will pass. It was a upbeat tone on,
"Get ready for several rough and raw years." There is A LOT to be worked out, Worldwide, and Nationally.
He seems quite hesitant to give the answer. Wondering what he thinks the new world order is.
"Thoughtful disagreement" only makes progress when both sides are intellectually honest and capable of critical thinking and reasoning.
like that game with the split/not split? we already have experiments on reactions of ppl to this situations, from what you sow in that show, are both sides will be honest?
love from ISR.
And dems never are.
If people were intellectually honest liberalism wouldnt exist.
I learn as much reading the comments as I did with Ray's interview!
An interview where the expert, *Ray Dalio* is able to *SPEAK* 🔊
Thank you.🙏🔥
That's because you're not watching him on CNN or MSNBC. The corporate media is horrible.
The best in the world! We need to bring our best! To be the best! Thank you for all you contribute! We are better together!
"Too much leveraging means you are broke.." - Ray Dalio
I feel like paying my bills every month is leveraging my credit cards. What am I going to pay and with what card.
Leveraging at all means you are broke. You don't have to borrow money if you have money.
@@donaldkenne3776 warren bufett must be broke right now, selling bonds to gain cash leverage
Mr. D, is this your burner account?
@@randy52000 do you know nothing about finance? To leverage in the financial world is to borrow money. Then use that money to invest in something hoping you can make the spread on the investment compared to the interest.
To borrow money means you were too broke to do what you wanted to do with cash.
Ray is a legit. Never get bore of his wisdom and knowledge.
His principles concepts are basic AF, but he has a good team of illustrators and editors to help him explain subject matter
Yes, Dalio is a Straight Shooter. Why are there so few around, who have a voice?
Powerful interview. Learned a lot
I had to switch it to audio-only because I couldn't stand the interviewers nodding *incessantly*. I am surprised that for others it is not irritating but maybe it is a cultural difference.
Anyway, thank you for the interview.
Ray Dalio is my hero!!
Ray is a legend and you can tell he thinks on a higher level than the folks at TED are ready to handle haha
17:26 - "Yes this is bigger than 2008" - I'm glad somebody called it out
finally someone admits it!
I don’t thinks so...2008 is a long term debt crisis that happens once in a century. But this is different and it’s going to grind on... and monetary policy won’t be effective. Ray Kept saying on interviews” it’s not going to be like 2008”
ruclips.net/video/8dXGDURqFCQ/видео.html this proves my point
@@cyberrock9018 it's gonna be way worse for sure
Roubini is predicating the same things
Great interview. Love to hear the man talking!!! There is so much to learn.
Every time I listen to Ray Dalio, I walk away feeling richer. Thanks mate!
Legends say the woman is still nodding
Lorenzo Morosini could’ve been on loop 😂😂
Lorenzo Morosini Sorry bruh. Covid 19 got me stressed out.
I found myself nodding as well.
@@youtuber6185 haha
Come on guys.Give her a break...She let Ray Dalio speak without interupting
i listened to ray 's talk around Dec2019. after that talk, i decided to sell my house "earlier" than later. i am grateful to ray
What have you done with the money though? Surely it's better in land and homes rather than in the bank.
They want you to not own anything.
FAIR PLAY .YOU GOT THE ADVICE AND TOOK IT ,
The clarity of thoughts is just amazing!!
Ray has summarized this in an amazing video titled "how economy works". In my opinion it is by far the best resource to understand economy and everything that has occurred in this world in past 100 years. He will teach economy in 30 minutes that u won't learn in four years degree at University
So grateful for Ray Dalio, really sheds light on this uncertain time.
"How we come out of this will depend on how we treat each other."
The difference between a rich and a poor student isn’t just a computer, it is a safe and structured home life.
I also noted that, but he knows it, because he later signals the need of establish the reality that there is a basic level of access to education and healt care under which nobody should fall.
Brooklyn's lastIrishman absolutely.
Ray Dalio is a gamer and he knows how to play. So, if you are in the ''game'', you should listen him.
Is he on Twitch as well??
@@shashankshukla2012 cracked me up 😀
@@RichardG774 33% off $100+ billion good af boy get outta here you wish you could make 33% in a year I bet lmao
Richard Garnache Show me a hedge fund that beats the S&P lol
We're all in the game. The question is whether you are a pawn or not.
Thank you TED for the wonderful interview without interrupting Dalio expressing his views.
TED should hold debates
33:15 "The Chinese are helping, to even say that is a Politically loaded statement, it's almost dangerous"
34:00 "Totally true, I think all of us are gonna say thank you to... (oh damn, I'll get death threats from Internet Trolls...) ... um... the different people who are helping"
that's the word from a wise man. now think of Trump lol
@@oshio9129 Hi troll
Oshio when you condemn someone being guilty, shouldn’t you be the one prove it first? It’s dangerous to take media nowadays for granted
@@oshio9129 1\ Both the doctor and the government didn't know anything about the virus at the very beginning(the doctor is majoring in Ophthalmic，not communicable); 2\ It was a mistake that local authority warns the doctor due to consideration that such spread would bring more panic socially and had been recognised and corrected by Central government soon; 3\ Chinese Central Government acts rapidly and corrected response faster than you can imagine to address the virus. Just imagine if the same virus first happen in US under Trump's administration. I am not saying China didn't make any mistake at the very beginning, while I dno't think any country facing a new kind of such virus would make no mistake.See what US did even after it knows what the virus is and how bad it is. But What China as such a populous country did later is far more impressive and effective. And I am not asking you to be grateful about China's response but would be really decent to appreciate what others contribute and sacrifice.
@@oshio9129 Besides that. Do you know the mechanics of supply and demand? If there are LOW supply and a HUGE demand, obviously prices go up. And if china wouldn't produce any face masks, will the USA do? There are lots of idiots still blaming China for all of this, but does this help? Why wasting all that energy and thoughts on this nonsense, but rather fking DO something. You know what's even funnier? www.forexfactory.com/attachment.php?attachmentid=3595189&d=1585759881 and google which country is 1st Place of most confirmed COVID-19 cases.
Saying THANKS is dangerous!
this reminds me of childhoods when a stranger (a kid in same age as us) does us a favor & cuz we don't want to feel weak we keep quiet (never saying it) pretending that we don't need help!
this world is creepy it's a fact.
i think Ray should run for the president next election
Yes!
So he can thanks China in public for bringing the virus to us.
Don't think he wants the stress
Justin Like America bringing Aids to the world. You are the type of people that Ray referred as lack of education. If you are a well educated person and has good sense on science and cause effect relationship than you would not blame on a country who outbreaks pandemic without doing things wrong.
Do you think USA still exist by 2024?
I m from Italy, what I can say.... Ray for president!
Ludwig Erhard was one person how was a smart economist and germany have had the Economy wonder in his time....for now there is no person like him in the politics
Ray Dalio is so inspiring. He is so passionate. We can feel his fire. I hope we can go through this together. Courage fellow humans.
Prepared questions don't work. She asks the wrong questions to continue his thought train
ADHD maybe
At least she doesn’t interrupt him like most do
Agreed. And yes, at least she let him speak freely.
Great talk. Ray is one of the genuinly goog person. I believe he is a warior. We need more like him. And listen to them as a leaders. Than amplify on our children to make next generations better, more educated and more peacefull.
Fascinating insights from Mr Dalio. Somewhat disappointing questions however: which mostly were stuck in the pre-paradigm shift world view, whilst Dalio was talking about the post-paradigm shift future.
Your statement makes no sense.
I'm afraid I must agree with bighand, your comment at least begs the question as to what paradigm you are referring and what is its shift? Or if you are more correctly speaking of a change in a paradigm, from what paradigm, and to what paradigm, are we changing?
Dalio is the expert who explains economy in the easiest way. If you don't understand him, you don't understand anyone else.
Listening to Ray just gave me so much Hope!
Great straight talking Brilliant!
I read Ray Dalio’s books and subscribe to his mailing list so I know his style. I have also listened to at least three recent interviews with him and I am becoming more and more certain that Ray is not able to give a relatively straightforward answer to a question without broad historical background. I am afraid that many want more simplicity and clarity even in these uncertain times
It's hard for him to make decisive calls because the news is just going to turn it into a clickbait headline
I love Ray❤️ this Human is just legit! I always have the feeling when he speaks that he really wants to convey knowledge instead of being right or profiling himself 👍🏼
Samir Ould-Ali yes!
The wisdom and clarity with which Ray speaks is truly amazing! Brilliant mind of our times.
Another gem on the internet produced by the Great Dalio
I would like to hear Ray Dalio be interviewed by two farmers who have never heard of Twitter.
Yes, they will not interupt
My uncle in NW Ireland, speaks English but you won’t understand what he is saying! I love it!
I feel blessed to have this knowledge before everything happens
Why can’t Ray be the next president of United States?
my thought exactly and i scroll down to see this lol
He doesn’t have to ,he could be an
adviser
you want another businessman?
@@jimmydoan007 He is not a businessman, but an investor and he has completely different personality than current president of US
aduke isaac he already has been
Much better than the Bloomberg interview! This is the best. I will watch it again.
As powerful as he is, is Mr. Dali willing to gather a group of highly influential businessmen and other groups come together to make a difference, to press pressure to the government to make the right decision
I'll be honest. I think we are being given an opportunity to change. I think the notion that we assume we need to take the status quo and apply it to old school values is flawed. I watched a company that was rethinking car development and rather than adopting a traditional car to a driverless world, a company said what if we built cars as if drivers never existed!? I think that if we try to continue with what is... status quo... we miss the opportunity to make a change that bypasses old assumptions.
Thanks to the world to come together. thanks for China for the supplies to the world ( I am in Australia) we are one people on this earth! Let’s all prosper and share a piece of the pie for the future!
That would be a pretty pointless vehicle considering it can’t be driven by an individual 🤣
@@Willburrrrr - A driver is not needed to get an occupant from point A to point B.
@@Willburrrrr I completely disagree! A driver-less car will fundamentally change the point of car ownership.
The Federal Reserve Bank will NEVER release its stranglehold on the economy or the US dollar, no matter how bad it gets... and it's going to get BAD.
"It has become politically dangerous to say thank you". Quote of the day right there.
Thank you Communist party for giving us the Communist pary virus (Corona virus)
Thank you Chinese Communist Party for suppressing information about a deadly virus and attempting to cover it up by persecuting its own citizens. Thank you for the global depression that you could have stopped but are now profiting from by exporting medical equipment. Thank you!
Thank whom? The Chinese communists that unleashed this on the world and then lied about it? Oh, but they gave everyone face masks they were already hoarding! So ridiculous.
The hosts are really not getting his main points! I cant believe their takeaway was that "we will get through this" and "shouldn't you speak up re: China" when he clearly said the world economy is ending as we know it. Perhaps he wants it that way
Yeah the hosts were just not on the same level as Ray. It was kind of cringy to watch.
It's much better than speaking over him like most loudmouth hosts do. Sometimes the best thing an interviewer can do it let their guest speak.
Tina R. There was no push back from the hosts when Ray applauded the Chinese government for supposedly helping the rest of the world during the pandemic. I lost a lot of respect for Ray when he said that. So much suffering and devastation is occurring and he couldn’t even acknowledge who was accountable for it. Almost like he’s too financially and intellectually invested in China to be objective. I bet the intellectual invested is way way more important to him, especially since he’s a billionaire who’s giving away half his wealth. What does he care at this point. Reminds me of George Soros who I admired until he went berserk. Same pattern of giving away his money and pushing causes to the extreme using whatever means to accomplish the goals.
@@jamesp.couvelis2470 You want to blame the whole China because a virus emerged from an an illegal wild trade market. China actually handled pretty well when they learnt about the mess. How is the entire Chinese population or Government fully responsible for such a random event. They are accountable, but the same thing may happen on any place. What's more outrageous is that US being the most powerful and wealthiest cannot handle a pandemic as well than many other countries. Let's criticize your own self and improve rather than blaming.
@jamespcovelius tend to disagree with the excessive demonizing of China. Yes they tried to cover up and created a big problem for the world but the whole world was also looking on with some indifference and amusement when they were battling it at its peak.
Protect this man at all costs. Great interview Ray
Ray is always brilliant and straight to the point. He is an educator!
Great interview! Especially because you let the Speaker Speak!
"Are one country's vulnerabilities another country's opportunities?"
And the same goes for one company's vulnerabilities / another company's opportunities.
Invest in innovators: fintech, biotech, renewable energy, online services. Take a look at the top 50 holdings of ARK Innovation Fund for guidance, and choose companies with the strongest balance sheets to survive the storm. I've made my selections. Happy hunting.
To all struggling with this illness I wish a speedy recovery. Thanks to all who continue to shelter in place to prevent the spread. I am a healthcare worker and am grateful for the protection that affords me, my colleagues, my patients, and my family as I continue to provide essential services.
Islam Mohamed so they are gonna eat each other, nice
It's a wild world Mohamed Islam...............
D Chambellan
I own four of their top ten holdings in ARKK. In addition, I own leaders in cloud computing, streaming media, renewable energy, immunotherapy, and chip manufacturing. Out of those ten stocks, only one does not appear in an ARK fund. The funds have between 30-50 holdings each. Many of which do not appear in the S&P500 or even the NASDAQ100. These innovators are poised to displace many of those weak, leveraged legacy companies from the indices in the next three years, burdened by sunk costs in old platforms.
PearlPerlita Venegas Data hoarders like Facebook, Google, and Amazon are tempting. Choose the most robust business model.
What stocks did you select?
This guy knows his stuff. You can see it right away from few minutes.
I just wanted to come and listen to a few points from this but I couldn't get my self to pull away. Very engaging and succinct points. Ray Dalio is the GOAT.
WOW, Ray is not only one of the best investors, but also the most wise peacekeeper and forward-looking visionary leader in the world. We need to listen to him more.
“This historic moment will be defined by how we deal with each other” - after hearing this I’m pretty pessimistic
Be more positive about dealing with others then. Its your choice how this plays out. Everyone needs to act.
@samuel: Damn right - you have reason to be pessimistic if you believe you don't have control... The truth is that we all have control... 1/8 billionth of it... But it adds up if we choose to exercise it. That's all we can do, no more or less, but everyone has the power to push for a positive outcome. If we all jump together, maybe we can move the Earth ;)
This is all great wishful thinking, and yes we should all do our part and every small deed counts. But we also know the world is filled with more hatred and politicizing nowadays. Watch the video, Ray gives examples.
@@shuo7543 I've watched the video. Your missing the point. You're talking in limiting beliefs. You forgoing the conclusion when you should be focusing on how you will be part of the solution. Your the pessimist.
Samuel Fitzpatrick I appreciate the optimism. Let’s all do our part and see how this all plays out.
Btw as much as I want to believe it, not every human has 1/8 billionth of control - the control gap is just as wide as the wealth gap.
12:06 when Chris joins unexpectedly. It’s like I had already unwrapped my Christmas presents then my parents brought out one more special one.
18:30 - necessity goods + innovators that aren’t too leveraged will do great
Chris Anderson of TED always asks speakers very critical questions. Really good!
thank you for letting ray speak
"That's why they call it American dream,because you have to be asleep to believe it"
-- George Carlin
Not with that attitude.
At least we dont feed our children vodka and steroids
@@xxgoldmoney i'm not from Russia if you want to be smartass,and i m not going to explaine myself to you,but get your facts right,our whole economical and financial system is based on illusion,i m all for capitalism and free market but you in America last time i checked have printing press which would make Frank Abangale jelous.But hey,who am i to judge after all you live in the land of the free and home of the brave,right?i m just some jackass from Serbia,and we drink rakia here not vodka
Get a job, you lazy bum
Huge interview, thanks for this TED.
@Susan Bara Not sure if you're trolling with this big piece of text but I read it so here's what I think. It's just a common sense to maintain safe distancing when going for test and be extra cautious because you're very likely around someone who is positive. Govts. have done more than enough to create awareness on social distancing and personal hygiene so it's not a weakness in communication by govt.
@Susan Baron Dalio is talking about educating from productivity point of view. Someone who is educated, runs a business or works at a job is more productive for the economy and helps a lot of people in the system directly or indirectly.
Besides, I wish there was a magical serum that could be given to some people to help them understand simple things like personal hygiene and safe distancing in these trying times.
What about the fact that we live in a rapacious global oligarchy that has been economically & criminally oppressing nearly everyone on the planet? Why doesn’t anyone talk about how controlled the system is by the few..? It’s not a collective effort like he’s describing...
Ray is such an interesting and inspiring person. Thanks for that talk!
I would really like to see an update to this... 🤓
ahh I'm waiting Ray Dalio' s content for awhile now
One of the most brilliant thought leaders of our lifetimes
Man Ray Dalio just simplify everything.
The man is a legend and a great mentor!
Adapt + Invent + Innovate
We all need each other
Let’s love one another
You are my sister, you are my Brother!
:DK
We can't be beat!
I've been waiting for his advice about this pandemic. now I become calmer than before.
This is the most valuable video currently on RUclips
Please Ray, run for presidency, please
Could be a gift for the world
Thanks for talking about this argument. Lovely watching and listening to both of you from the top of the mountain of Trentino Italy. Living here as a loner, Tedx and Ted are my company. Thanks Ted and RUclips.
China will print money massively and be a trusted partner and lender for large parts of the world. The dollar will no longer be the most important currency. We will have established a new balance.
Why do you not talk about the role of China in the future world. The Chinese are a trading nature. They are positioning themselves as the trusted connected trading partner. This can become a good force in the future world.
"Politics is largely how we deal with each other"
That could be a place to talk about the evil of the Comunist party. Chinese people are friends of America and the World. Comunist pary are the enemy of America and the World.
Look into the "fairtax" will solve the wage gap!
@@oldrichkosacka5522 I am chinese, i don't like CCP, but i don't hate CCP.many westerner just judge CCP with bias and ingnorance.and if you dare to defend CCP or even just tell them the truth, they call you a CCP spy. and even insult you. is that a friend should do? i don't think so.
@@nicklu761 you need to meet some new acquaintances because not every person who isn't Chinese is like that. Most fair-minded people would like to hear your views about what you know about the CCP that makes you not hate them as an intelligent person would want to hear your side of the story & listen to your reasoning, because you could educate those who may (or may not) be ignorant. We as Westerners only see one side of the story & i am sure some would enjoy talking to you about this.
@@twodogzdogue8710 sry for my poor english.thank you for your advice,i think there is open-minded people in the world.but nowday people are just not willing to listen.
Ray is living in a dream world. Since 2008 the gap between the rich and poor has increased. This impending global depression will only widen the gap.
Very interesting to listen to Mr. Dalio on this issue. I respect him very much. No need to show Ms. Hajim on the screen just nodding non-stop. I find it visually disrupting. Nothing personal.