I really enjoyed this conversation with Ray. Here's the outline: 0:00 - Introduction 2:56 - Doing something that's never been done before 8:39 - Shapers 13:28 - A Players 15:09 - Confidence and disagreement 17:10 - Don't confuse dilusion with not knowing 24:38 - Idea meritocracy 27:39 - Is credit good for society? 32:59 - What is money? 37:13 - Bitcoin and digital currency 41:01 - The economic machine is amazing 46:24 - Principle for using AI 58:55 - Human irrationality 1:01:31 - Call for adventure at the edge of principles 1:03:26 - The line between madness and genius 1:04:30 - Automation 1:07:28 - American dream 1:14:02 - Can money buy happiness? 1:19:48 - Work-life balance and the arc of life 1:28:01 - Meaning of life
Ray Dalio talking nonsense 37:37 ... Biccamera is the third largest electronics and home appliance retailer in Japan , they also sell clothes and food www.biccamera.com/bc/c/info/payment/bitcoin.jsp Bitcoin Is World’s Best Performing Asset Class Over Past 10 Years , even this year finance.yahoo.com/news/bitcoin-2019-best-performing-asset-103057442.html
The caliber of recent guests (let alone all of 2019) has left me starstruck... Lex, thank you for crafting a format that allows these great thinkers to maintain their desired level of candor yet ponder/answer each question in its entirety. I feel this is exemplary of how they naturally think through topics (both technical and poetic 🙂) related to their intellectual pursuits.
Hi . I am a teacher in Turkey and I want to learn english. But in turkey no more people to practice in english. İf you help me about this I will be appreciate always.
Great video, I've been interested in investing ever since I came across articles of people making up to $150,000 and more in this period, thanks for the video but is it really possible for a retail investor to achieve this in months?
I've purchased numerous stocks in individual firms. Because there are so many stocks that will skyrocket in the long run, it is currently safe to buy in on ETF and ride it out. Due to fud, I sold out early, but then retraced my ways and re-invested $350,000 with a financial advisor who manages my account. I received an 82% return last year and will see where it goes this year.
@@Oly_laura 'Catherine Morrison Evans’is the coach that guides me. She’s a verified coach and she helped me see that returns can be made in both bull and bear markets. She covers things like investing, insurance, making sure retirement is well funded and looking at ways to have a volatility buffer for investment risk, lots of things like that.
@@hermanramos7092 thanks for sharing this, I am in conversations with your advisor, and she really has substance, having interviewed her properly and reviewed her model, I am hoping she takes me on quite seriously too
Please Lex get that most modest of modern intellects Haven't heard *from that reclusive giant for some time Every body learns some counterintuitive stuff wherever they man speaks, including interviewers
Some economists have projected that both the U.S. and parts of Europe could slip into a recession for a portion of 2023. A global recession, defined as a contraction in annual global per capita income, is more rare because China and emerging markets often grow faster than more developed economies. Essentially the world economy is considered to be in recession if economic growth falls behind population growth.
It's a delicate season now, so you can do little or nothing on your own. Hence I will suggest you get yourself a financial market expert that can provide you with entry and exit points on the securities you focus on.
Very true! I've been able to scale from $50K to $189k in this red season because my FA figured out defensive stratgs which help portfolios be less vulnerable to market downturns
@@kimyoung8414 HEATHER ANN CHRISTENSEN is the coach that guides, you probably might've come across her before I found her through a Newsweek report, she's quite known in her field, look-her up
"Evolve and contribute to evolution"....it's fu**ing incredible how he managed to put into a principle even the meaning of life!! Blown away...thanks a lot for this content 🙏
❝You form your dreams first, and you can't judge whether you're going to achieve those dreams, because you haven't learned the things that you're going to learn on the way toward those dreams.❞ Amazing interview and guest as always, Lex.
Hi . I am a teacher in Turkey and I want to learn english. But in turkey no more people to practice in english. İf you help me about this I will be appreciate always.
This interview was fantastic. I've seen a few interviews with Ray Dalio and Lex has asked the best questions to elicit valuable insights from Ray. Lex also gave Ray ample time to express his thoughts to completion. Well done.
Hi . I am a teacher in Turkey and I want to learn english. But in turkey no more people to practice in english. İf you help me about this I will be appreciate always.
This will be good. Principles is like a bible for life for the agnostic. One of the best books I've ever read. This man gives intense thought and reflection to everything he does.
50 minutes in - Question: Do humans have deep understanding? Whenever I see people questioning AI, I feel like they overestimate human intelligence and decisionmaking. Maybe Ray Dalio has deep understanding. Maybe hundreds, thousands, or even millions of humans have deep understanding. But if you watch humans in action in your daily life, it seems like a large percentage don't have anything close to deep understanding. There are a lot of terrible parents who do an awful job of raising their children. Many people make terrible decisions about who to marry. And if you go with that notion that some subset of humanity does have deep understanding, how do we know which humans do? Seems very hard to make that determination.
The caliber of recent guests (let alone all of 2019) has left me starstruck... Lex, thank you for crafting a format that allows these great thinkers to maintain their desired level of candor yet ponder/answer each question in its entirety. I feel this is exemplary of how they naturally think through topics (both technical and poetic 🙂) related to their intellectual pursuits.
I have attempted to meditate many times in my life and prior to this CD the only success I've experienced is with live guided meditation. th-cam.com/users/postUgkxzpa8CIfZcihW4Z0F_ja0QF3W9KIatrsq This is the first CD I've used that cuts through my unmedicated ADHD and enables me to truly relax and experience a quiet and energizing interval. The instructors voice is very soothing and pleasant to listen to. I am easily able to sit successfully through the entire CD, and for quite some time after. I cannot adequately express how tremendously helpful this CD has been on my spiritual journey!! Two thumbs up and 10 stars!
The amazing thing about the eco machine vid is that it's completely neutral. Think of how many people would be reached and would comprehend if you took the political sides away
Hi Lex, I enjoy your podcasts. Is this possible to get Nicolas Nassim Taleb and Daniel Kahenman on your show. Thank you for all the discussions and knowledge sharing Lex.
Wow, you ask very good questions as an interviewer. I had a great time listening to this podcast. I have watched many ray Dalio videos and talks but this has to be the best! Exceptional topics.
There is def. a fine line between genius and insanity. If you are a novel enough thinker, no one will be able to tell you where that line is. Many will say 'yep you're crazy'. The only way to find out is to dance along edge and try to keep yourself tethered. But given how the universe has proven time and again to be remarkably bizarre, sometimes it's best not to worry who thinks you are crazy. DaVinci exhumed corpses so he could study them, history is replete with similar examples of great achievers who pushed the envelope until it moved. But as long as you're willing to admit you might always be wrong, and try to take an objective look in the mirror...I say imagine all the possibilities you can and don't bind yourself just because 'it's the sane thing to do'.
My first time watching you Lex. This was a great interview. You're very humble. You come across well; and you got probably one of the best interviews out of Ray Dalio. You should be very proud of yourself. Keep it up!
Hi . I am a teacher in Turkey and I want to learn english. But in turkey no more people to practice in english. İf you help me about this I will be appreciate always.
I was very surprised to hear Ray Dalio's answer about the limitations of AI, it's actually one of the better explanations I've heard - and I'm a software engineer
Hey Lex, I'd love to hear a show about the vast influence of small and cabinet level Government institutions (Like the U.S. EEOC) influance on everyday Americans lives through legal precident and policy change. I'm a current Federal EEO Investigator in Los Angeles and would love to discuss it!
After mildly admonishing Lex multiple times initially, Lex becomes extra defensive on every question with phrases like "naive", "dumb and then Ray Dalio goes - "No question is dumb" 😆
Many successful people can't stop themselves looking for a larger context of their specific qualities. Asking them about the larger picture doesn't always give valuable insights. Like asking Warren Buffet about the general economy when really where he is good is at reading balance sheets of individual companies.
This is so fascinated conversation between old generation and young generation .Ray is so patient to explain very detail in need to help people understand clearly. He is so humble . Finally I see someone who care so much for others and take actions to make best things happen! Thank you Lex . You are so innocent to feel asking dump questions to founder of Bridge water Associate . You did excellent work with Mr. Ray Dalio on this video . Thank you so much to both Gentlemen. It ‘s so valuable to me and others .
Hi . I am a teacher in Turkey and I want to learn english. But in turkey no more people to practice in english. İf you help me about this I will be appreciate always.
What I love about these videos is that Lex isn't afraid to ask the uncomfortable, poetic, deeply philosophical, or revealing-my-own-deep-ignorance kind of questions. I admire that kind of courage and determination to be who you are regardless of what others might think of you. Although I did like this video, I have to say I wasn't impressed with Ray Dalio. Sorry if that comes across as rude. There were at least a couple of things I found funny: 1. For the first half of the interview, Ray seemed too confident he knew exactly what was going on in Lex's mind. Considering what he said at 26:40 that "if you want to learn, you ask questions, you don't argue", it was funny to see how he argued about what some of Lex's questions meant or implied. 2. In the beginning of the interview, Ray says that people rely too much on the past to figure out what truth is. He says that's not good and at 05:05 adds that "what's been discovered before is often not true." Yet, when he talks about economics, business, or the potential impact of AI, he often brings up what history has shown us. 😁 I also disagree with Ray about the opportunity gap and some of his views about AI, but I dished out enough criticism in this comment, so I'll stop talking now. 😊 As always, great, insightful questions, Lex. Keep up the great work. 😊
Bianca A. - There's art to data science there are multiple levels to things, often there are paradoxes and some of the things he says are not less true then their counterpoints
I cannot like this video enough, thank you Lex for doing this. Even though the start was a bit rough and perhaps I'd prefer you take the time to dwelve deeper into his thoughts on the specifics more than what money is, I understand the time aspect can be challenging. Its great seeing you evolve in your podcast experience! You're gaining confidence and it shows the more videos you put up!
Lex, you've talked about a possibility of a stable digital currency that is not controlled by a central authority like a bank or institution and Ray mentioned that it's long in the future for it to happen. I think you should checkout the MakerDAO.com project. The Decentralized Central bank that can print a stable decentralized crypto currency - Dai.
I can't believe this, thank you so much! I love Dalio and i've been following your podcast, bit I never thought you would bring him in, this is AMAZING
This is the best interview I have watched so far with Ray Dalio. Lex, your questions were brilliant. Please stop saying that they are dumb. However, I understand that most probably you were starstruck by Ray Dalio, who is a genius. Thank you for this material and for the wonderful job you are doing.
Yes Lex I agree with you on “how the economy works”. I watched it a few times. Wish I had this basic information at 10 years old. Thanks for your incredible program too. Cheers
Hi . I am a teacher in Turkey and I want to learn english. But in turkey no more people to practice in english. İf you help me about this I will be appreciate always.
@@davyroger3773 the ego of the interviewer overshadowed the whole thing - definitely was sad, especially when ray is so humble / a living finance legend
@@__Wanderer Yeah Patrick is usually a stand up guy, idk if its because Ray made him nervous or if he was trying to prove himself but whatever it was, it showed. And to be fair Ray was a little combative too but i guess that's the interviewee's prerogative.
No he SEEMS to be but listen closely. he takes a long way around to say that it should go to those who deserve it and will use it wisely. its the same double standard cause we dont care what the stockholders do with with their dividend checks yet joe average has to be held to a higher standard.
Thank you for these wonderful conversations Lex. It's amazing how frequent you provide high-quality conversations and interesting guests without the need for clickbait or dumbing it down with gimmicks during the video. It really enriches my life and probably a lot of others as well. Can't express my gratitude enough.
At 9.33 when Lex asks for the commonalities of these shapers mentioned by Ray. An obvious one is: They are all male. I would be interested in knowing why that is. Is it because he personally knows only male shapers or do shapers have a certain set of characteristics that are predominantly found in men over in women, and if so why. As Ray said here as well as in his book he has given personality tests to a variety of people, I would find it very interesting if he sees patterns in the outcomes based on gender.
@@truthimagination2997 This was a factual question aimed at intellectuals having foundational knowledge and data on this domain. This was not asking for an unqualified opinion of someone who has an obsession with Pandas.
INeedsMoneys no you misunderstand. He mentions the volatility being an issue as a currency needs to have a stable value not massive day to day fluctuations. Secondly his mention was regarding transaction speed. If i give u $15 cash you get it instantly whereas if i send you btc you have to wait 10-45 mins for the funds to come through. Bitcoin isnt physical. (Keep in mind im big i do think crypto is the future)
Just ended seeing this today & saw the news of his son being killed ina car crash. Life is so fragile and transient that one only can hope to have as much meaningful moments with the people you love in life because the economy and other stuff is in essence trivial when you think about it. Wish Dalio much love and fortitude.
at times we need to ask, is the a.i superintelligence have all the codes of reality related to all mathematics 999 and quantum physics, should it ask itself each time it's reborn when it was first conceived in time. can it recognize what it is and or allow all that is to be here. including what should never be. a.i is ok but to go beyond would be to reach what was once and still and an echo of manipulation from being in quantum parallel dimensions, loving your destiny. you are good at interviewing, don't make Lucie .lol
If you optimize your work to get it done in a faster manner, it's like creating more time for yourself. That sums up tooling in software engineering basically.
Tom wood and Mark Thronton are also a couple great minds on economics that can shed light just as Mr. Dalio has on how it works and flows. The cycles and pattern that transpires through time over and over and over and over and over again. The clothes, nation name and tools change but the economics or PRINCIPLES of, never change and neither do the outcomes.
Finally an interview with Ray Dalio where the interviewer lets him speak! Two seperate idiots on youtube recently had him on and then continued to talk over him and dismiss his ideas! Well done Lex.
kind of wish you would bring in more non establishment types to critique the mainstream more here. i think that would be interesting. more outsiders please. i rec whitley strieber. www.unknowncountry.com/ he has a surprising amount of things to say about AI and has been mistakenly dismissed by many but has had some extraordinary experiences for decades now. so far the guests are great but kind of tame.
Awesome job!! Please, it would be great if you could interview Esther Duflo, 2019 economics Nobel prize winner which uses machine learning to develop news ways to deal with proverty and inequalities using data.
Shouldn't "money" also be defined as something accessible to everybody? I LOVE Ray, but he touts the Facebook stable coin as worth while, but what if Facebook decides to sensor Ray from their platform because of his political beliefs or something they deem to be fake news? Digital Currency has no option but to be decentralized
I really enjoyed this conversation with Ray. Here's the outline:
0:00 - Introduction
2:56 - Doing something that's never been done before
8:39 - Shapers
13:28 - A Players
15:09 - Confidence and disagreement
17:10 - Don't confuse dilusion with not knowing
24:38 - Idea meritocracy
27:39 - Is credit good for society?
32:59 - What is money?
37:13 - Bitcoin and digital currency
41:01 - The economic machine is amazing
46:24 - Principle for using AI
58:55 - Human irrationality
1:01:31 - Call for adventure at the edge of principles
1:03:26 - The line between madness and genius
1:04:30 - Automation
1:07:28 - American dream
1:14:02 - Can money buy happiness?
1:19:48 - Work-life balance and the arc of life
1:28:01 - Meaning of life
Time to quit your day job and go full time on the podcast yet? I mean Elon twice, Ray Dalio... Who next? Bill Gates? AI Jesus?
Lex from listening to your chat with Ray about Automation & the American Dream, do you have any plans to interview Andrew Yang?
You should bring Peter Theil onto the show in the future. You ask great questions, he's a one of a kind contrarian.
@@davebrookfield629 Yes, this would be an amazing interview!
Ray Dalio talking nonsense 37:37 ... Biccamera is the third largest electronics and home appliance retailer in Japan , they also sell clothes and food www.biccamera.com/bc/c/info/payment/bitcoin.jsp Bitcoin Is World’s Best Performing Asset Class Over Past 10 Years , even this year finance.yahoo.com/news/bitcoin-2019-best-performing-asset-103057442.html
The caliber of recent guests (let alone all of 2019) has left me starstruck...
Lex, thank you for crafting a format that allows these great thinkers to maintain their desired level of candor yet ponder/answer each question in its entirety. I feel this is exemplary of how they naturally think through topics (both technical and poetic 🙂) related to their intellectual pursuits.
Hi . I am a teacher in Turkey and I want to learn english. But in turkey no more people to practice in english. İf you help me about this I will be appreciate always.
Amazing podcast. Pls invite Peter Thiel .
YES
@Dick Fageroni unnecessary
Marc Andersson too
Yes please
Yes!
Great video, I've been interested in investing ever since I came across articles of people making up to $150,000 and more in this period, thanks for the video but is it really possible for a retail investor to achieve this in months?
I've purchased numerous stocks in individual firms. Because there are so many stocks that will skyrocket in the long run, it is currently safe to buy in on ETF and ride it out. Due to fud, I sold out early, but then retraced my ways and re-invested $350,000 with a financial advisor who manages my account. I received an 82% return last year and will see where it goes this year.
that's quite impressive, you surely made a good bit of money. I myself invested in warren's BRK-A stock quite pricey but totally worth it.
@@Oly_laura 'Catherine Morrison Evans’is the coach that guides me. She’s a verified coach and she helped me see that returns can be made in both bull and bear markets. She covers things like investing, insurance, making sure retirement is well funded and looking at ways to have a volatility buffer for investment risk, lots of things like that.
@@hermanramos7092 thanks for sharing this, I am in conversations with your advisor, and she really has substance, having interviewed her properly and reviewed her model, I am hoping she takes me on quite seriously too
this became the smart people podcast. now everyone wants to be on it..
Would love to see an interview with neuroendocrinologist Robert Sapolsky.
That would be awesome.
Yes !
Yeaah
Please Lex get that most modest of modern intellects
Haven't heard *from that reclusive giant for some time
Every body learns some counterintuitive stuff wherever they man speaks, including interviewers
or Daniel Kahneman (but he is around 80s I'm not sure if he still give a talks)
Some economists have projected that both the U.S. and parts of Europe could slip into a recession for a portion of 2023. A global recession, defined as a contraction in annual global per capita income, is more rare because China and emerging markets often grow faster than more developed economies. Essentially the world economy is considered to be in recession if economic growth falls behind population growth.
My main concern is now how can we generate more revenue during quantitative times? I can't afford to see my savings crumble to dust.
It's a delicate season now, so you can do little or nothing on your own. Hence I will suggest you get yourself a financial market expert that can provide you with entry and exit points on the securities you focus on.
Very true! I've been able to scale from $50K to $189k in this red season because my FA figured out defensive stratgs which help portfolios be less vulnerable to market downturns
@@alexyoung3126 could you please tell me how to reach your coach? because I'm seeking for a more effective invstment approach?
@@kimyoung8414 HEATHER ANN CHRISTENSEN is the coach that guides, you probably might've come across her before I found her through a Newsweek report, she's quite known in her field, look-her up
"Evolve and contribute to evolution"....it's fu**ing incredible how he managed to put into a principle even the meaning of life!! Blown away...thanks a lot for this content 🙏
"What's common, produces only common results" - Ray Dalio
Insightful conversation. Thank you Ray Dalio and Lex Fredman
"you have to appreciate all the different ways of being A-players" YES! so true!
OMG, definitely didn’t expect Ray Dalio on your podcast, Lex! Kudos!
First time watching/listening to this show. Great questions and Ray doesn't let any detail go unchallenged when necessary. Love this interaction.
❝You form your dreams first, and you can't judge whether you're going to achieve those dreams, because you haven't learned the things that you're going to learn on the way toward those dreams.❞
Amazing interview and guest as always, Lex.
Hi . I am a teacher in Turkey and I want to learn english. But in turkey no more people to practice in english. İf you help me about this I will be appreciate always.
This interview was fantastic. I've seen a few interviews with Ray Dalio and Lex has asked the best questions to elicit valuable insights from Ray. Lex also gave Ray ample time to express his thoughts to completion. Well done.
Hi . I am a teacher in Turkey and I want to learn english. But in turkey no more people to practice in english. İf you help me about this I will be appreciate always.
This will be good. Principles is like a bible for life for the agnostic. One of the best books I've ever read. This man gives intense thought and reflection to everything he does.
It would be great if you got Peter Thiel on your podcast.
I was just thinking about that, and your comment miraculously showed up!!!!
50 minutes in - Question: Do humans have deep understanding?
Whenever I see people questioning AI, I feel like they overestimate human intelligence and decisionmaking. Maybe Ray Dalio has deep understanding. Maybe hundreds, thousands, or even millions of humans have deep understanding.
But if you watch humans in action in your daily life, it seems like a large percentage don't have anything close to deep understanding.
There are a lot of terrible parents who do an awful job of raising their children. Many people make terrible decisions about who to marry.
And if you go with that notion that some subset of humanity does have deep understanding, how do we know which humans do? Seems very hard to make that determination.
Yes, most humans do not understand anything or care to understand
definitely
probably one of the best podcasts on youtube right now. Amazing work Lex.
His video on how the economic machine works is phenomenal!
This podcast consistently blows my mind in terms of guest selection.
The caliber of recent guests (let alone all of 2019) has left me starstruck...
Lex, thank you for crafting a format that allows these great thinkers to maintain their desired level of candor yet ponder/answer each question in its entirety. I feel this is exemplary of how they naturally think through topics (both technical and poetic 🙂) related to their intellectual pursuits.
oh my gosh!!
This podcast is super awesome!!
I'm proud of myself and everybody here following since the first episode!
Gradually becoming one of my favorite podcasts.
@Tom Tizya the portal boi
@@thecanopenerpodcast8575 True Eric Weinstien is a beast. Do you know any other podcasts like these two?
So true
Jeeesus man you're killing it lately! Great guests and great job overall on the pod!
podcasters usually be like, ''thanks for coming on my podcast.'' lex; ''thanks for having this great conversation with me''
Excellent podcast, best selection of interviewees💫.
OMG man. I don't know how you get these interviews, but it is pure gold. Thanks for sharing!! Greetings from Brazil.
I have attempted to meditate many times in my life and prior to this CD the only success I've experienced is with live guided meditation. th-cam.com/users/postUgkxzpa8CIfZcihW4Z0F_ja0QF3W9KIatrsq This is the first CD I've used that cuts through my unmedicated ADHD and enables me to truly relax and experience a quiet and energizing interval. The instructors voice is very soothing and pleasant to listen to. I am easily able to sit successfully through the entire CD, and for quite some time after. I cannot adequately express how tremendously helpful this CD has been on my spiritual journey!! Two thumbs up and 10 stars!
The amazing thing about the eco machine vid is that it's completely neutral. Think of how many people would be reached and would comprehend if you took the political sides away
Hi Lex,
I enjoy your podcasts. Is this possible to get Nicolas Nassim Taleb and Daniel Kahenman on your show.
Thank you for all the discussions and knowledge sharing Lex.
I would be surprised if they were not on his list. Please and thank you, Lex.
Wow, you ask very good questions as an interviewer. I had a great time listening to this podcast. I have watched many ray Dalio videos and talks but this has to be the best! Exceptional topics.
There is def. a fine line between genius and insanity. If you are a novel enough thinker, no one will be able to tell you where that line is. Many will say 'yep you're crazy'. The only way to find out is to dance along edge and try to keep yourself tethered. But given how the universe has proven time and again to be remarkably bizarre, sometimes it's best not to worry who thinks you are crazy. DaVinci exhumed corpses so he could study them, history is replete with similar examples of great achievers who pushed the envelope until it moved. But as long as you're willing to admit you might always be wrong, and try to take an objective look in the mirror...I say imagine all the possibilities you can and don't bind yourself just because 'it's the sane thing to do'.
Great Interview. I think we need to see more Principles and Accountability in Big Tech
My first time watching you Lex. This was a great interview. You're very humble. You come across well; and you got probably one of the best interviews out of Ray Dalio. You should be very proud of yourself. Keep it up!
Hi . I am a teacher in Turkey and I want to learn english. But in turkey no more people to practice in english. İf you help me about this I will be appreciate always.
If you can get Peter Thiel on the podcast that would be rad!
Good Job on the interview man! I've seen most of Ray's interviews and this indeed is one of the best!
I was very surprised to hear Ray Dalio's answer about the limitations of AI, it's actually one of the better explanations I've heard - and I'm a software engineer
He’s been everywhere lately and I am grateful 🙏🏼 found him bc of it
Another phenomenal podcast. Could you get Jamie Dimon or Michael Bloomberg?
At that stage he could get anyone
Hey Lex, I'd love to hear a show about the vast influence of small and cabinet level Government institutions (Like the U.S. EEOC) influance on everyday Americans lives through legal precident and policy change. I'm a current Federal EEO Investigator in Los Angeles and would love to discuss it!
Please interview bill ackman
After mildly admonishing Lex multiple times initially, Lex becomes extra defensive on every question with phrases like "naive", "dumb and then Ray Dalio goes - "No question is dumb" 😆
....when a guy who's worth 18 billion tells you what money is, you don't argue!
Oh my God , Ray and Lex is both my hero
Wow! I like you coverage of the wider aspect of AI.
Please interview Andrew Yang
YANG 2020
Yang is a perpetual failure. Failed econ grad, failed lawyer, failed entrepreneur, failed nonprofit organizer, and failed politician.
Amazing Interview .... Two positive Role model's . Much Respect and love from Anaheim
Many successful people can't stop themselves looking for a larger context of their specific qualities. Asking them about the larger picture doesn't always give valuable insights. Like asking Warren Buffet about the general economy when really where he is good is at reading balance sheets of individual companies.
You get this blowing around of hot air for an hour and a half. "Freedom. Yeah, freedom, is a big thing!"
This is so fascinated conversation between old generation and young generation .Ray is so patient to explain very detail in need to help people understand clearly. He is so humble . Finally I see someone who care so much for others and take actions to make best things happen! Thank you Lex . You are so innocent to feel asking dump questions to founder of Bridge water Associate . You did excellent work with Mr. Ray Dalio on this video . Thank you so much to both Gentlemen. It ‘s so valuable to me and others .
I'm new to your TH-cam channel.
And I just want to say, I have mistaken your video intro for a Dracula story-telling episode.
Good on you Lex! Yang gang 2020
Amazing interview and I can't believe I'm now just seeing it...
glad to see the diversification in guests, comp sci people tent to be hard to listen to sometimes, despite their smarts.
Another video worth watching multiple times. So much wisdom that Dalio is sharing here.
This only has 11,000 views!!! I think internet is broken.
sajj shahrabi ppl are Brocken not internet
Truth is the answer that the Universe gives upon asked a question !
Just watched "How the Economic Machine Works" as you recommended. Ray does a fantastic job breaking down the economy. Fantastic! Thank you and Ray!!
Hi . I am a teacher in Turkey and I want to learn english. But in turkey no more people to practice in english. İf you help me about this I will be appreciate always.
Amazing podcast, Brilliant Guests. But Ray Dalio is underestimating bitcoin, Bitcoin/Crypto will take over in 10-20 years.
What I love about these videos is that Lex isn't afraid to ask the uncomfortable, poetic, deeply philosophical, or revealing-my-own-deep-ignorance kind of questions. I admire that kind of courage and determination to be who you are regardless of what others might think of you.
Although I did like this video, I have to say I wasn't impressed with Ray Dalio. Sorry if that comes across as rude. There were at least a couple of things I found funny:
1. For the first half of the interview, Ray seemed too confident he knew exactly what was going on in Lex's mind. Considering what he said at 26:40 that "if you want to learn, you ask questions, you don't argue", it was funny to see how he argued about what some of Lex's questions meant or implied.
2. In the beginning of the interview, Ray says that people rely too much on the past to figure out what truth is. He says that's not good and at 05:05 adds that "what's been discovered before is often not true." Yet, when he talks about economics, business, or the potential impact of AI, he often brings up what history has shown us. 😁
I also disagree with Ray about the opportunity gap and some of his views about AI, but I dished out enough criticism in this comment, so I'll stop talking now. 😊
As always, great, insightful questions, Lex. Keep up the great work. 😊
Bianca A. - There's art to data science there are multiple levels to things, often there are paradoxes and some of the things he says are not less true then their counterpoints
This dude is cooking!
of principles are algorithms, then is life a computer program?
Good questions Lex and thx for the outline
I cannot like this video enough, thank you Lex for doing this. Even though the start was a bit rough and perhaps I'd prefer you take the time to dwelve deeper into his thoughts on the specifics more than what money is, I understand the time aspect can be challenging.
Its great seeing you evolve in your podcast experience! You're gaining confidence and it shows the more videos you put up!
Lex, you've talked about a possibility of a stable digital currency that is not controlled by a central authority like a bank or institution and Ray mentioned that it's long in the future for it to happen.
I think you should checkout the MakerDAO.com project. The Decentralized Central bank that can print a stable decentralized crypto currency - Dai.
I can't believe this, thank you so much! I love Dalio and i've been following your podcast, bit I never thought you would bring him in, this is AMAZING
Amazing lineup of guests.
This is the best interview I have watched so far with Ray Dalio. Lex, your questions were brilliant. Please stop saying that they are dumb. However, I understand that most probably you were starstruck by Ray Dalio, who is a genius. Thank you for this material and for the wonderful job you are doing.
Very interesting thank you lex
Interview Brendan Eich please, co-founder of firefox browser and javascript language, as well as his new project Brave Browser
Yes Lex I agree with you on “how the economy works”. I watched it a few times. Wish I had this basic information at 10 years old. Thanks for your incredible program too. Cheers
Hi . I am a teacher in Turkey and I want to learn english. But in turkey no more people to practice in english. İf you help me about this I will be appreciate always.
This interview is 10* better than that of valuetainment.
That valuetainment interview was so disappointing
@@davyroger3773 the ego of the interviewer overshadowed the whole thing - definitely was sad, especially when ray is so humble / a living finance legend
@@__Wanderer Yeah Patrick is usually a stand up guy, idk if its because Ray made him nervous or if he was trying to prove himself but whatever it was, it showed. And to be fair Ray was a little combative too but i guess that's the interviewee's prerogative.
PODCAST GUEST REQUESTS: SAM HARRIS, NICK BOSTROM, ELIZIER YUDKOWSKY, JULIA GALEF, ROBIN HANSON, PETER VOSS.
Yang Gang 🧢 watch from 1:04:30!! Ray is onboard!!
No he SEEMS to be but listen closely. he takes a long way around to say that it should go to those who deserve it and will use it wisely. its the same double standard cause we dont care what the stockholders do with with their dividend checks yet joe average has to be held to a higher standard.
Thank you for these wonderful conversations Lex. It's amazing how frequent you provide high-quality conversations and interesting guests without the need for clickbait or dumbing it down with gimmicks during the video. It really enriches my life and probably a lot of others as well. Can't express my gratitude enough.
When will the youtube algo pick you up and recommend it to everyone ? It needs to happen! Your podcast are just amazing! Love all the guests lately
Did he offer you a job
Awesome podcast. I like the idea that AI is beyond deep learning and ml models.
At 9.33 when Lex asks for the commonalities of these shapers mentioned by Ray. An obvious one is: They are all male.
I would be interested in knowing why that is. Is it because he personally knows only male shapers or do shapers have a certain set of characteristics that are predominantly found in men over in women, and if so why. As Ray said here as well as in his book he has given personality tests to a variety of people, I would find it very interesting if he sees patterns in the outcomes based on gender.
Ha! Women don't really give a fvck like men do (for should be obvious reasons); they predominantly only care about themselves. It's their nature.
@@truthimagination2997 This was a factual question aimed at intellectuals having foundational knowledge and data on this domain. This was not asking for an unqualified opinion of someone who has an obsession with Pandas.
That point he made about money, was money.
INeedsMoneys no you misunderstand. He mentions the volatility being an issue as a currency needs to have a stable value not massive day to day fluctuations. Secondly his mention was regarding transaction speed. If i give u $15 cash you get it instantly whereas if i send you btc you have to wait 10-45 mins for the funds to come through. Bitcoin isnt physical. (Keep in mind im big i do think crypto is the future)
Just ended seeing this today & saw the news of his son being killed ina car crash. Life is so fragile and transient that one only can hope to have as much meaningful moments with the people you love in life because the economy and other stuff is in essence trivial when you think about it.
Wish Dalio much love and fortitude.
Omg all the guys I found interesting you have them on interview how did you do that lol. So glad I subscribed to you
Леха, пригласи Peter Schiff!
at times we need to ask, is the a.i superintelligence have all the codes of reality related to all mathematics 999 and quantum physics, should it ask itself each time it's reborn when it was first conceived in time. can it recognize what it is and or allow all that is to be here. including what should never be. a.i is ok but to go beyond would be to reach what was once and still and an echo of manipulation from being in quantum parallel dimensions, loving your destiny. you are good at interviewing, don't make Lucie .lol
Can we please teach this in school?
Well done Lex! Thanks for the education.
Haha.. this, at the dawn of the world we're in now.
If you optimize your work to get it done in a faster manner, it's like creating more time for yourself. That sums up tooling in software engineering basically.
Valuable information, deeply value this podcast. Thank you.
Tom wood and Mark Thronton are also a couple great minds on economics that can shed light just as Mr. Dalio has on how it works and flows. The cycles and pattern that transpires through time over and over and over and over and over again. The clothes, nation name and tools change but the economics or PRINCIPLES of, never change and neither do the outcomes.
Lex, congratulations and thanks for the great job.
Please invite Marcos Lopez de Prado. He is one of the best in financial ML
56:42 - Why you need principles
Thanks for this interview, probably one of my fave RD ones so far!
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1:03:12 "What I mean by spirituality is a connectedness to the whole."
Beautiful definition
Yes. :D
Finally an interview with Ray Dalio where the interviewer lets him speak! Two seperate idiots on youtube recently had him on and then continued to talk over him and dismiss his ideas! Well done Lex.
Beautiful and inspirational 👏
Make sure you get Bill Gates at some point :).
#26:45 " the doubt that doubt itself is an ultimately reliable guide" (Jordan B. Peterson)
Please keep your podcasts unedited to a certain degree as you did here. Loved this one
It's amazing in whole! but the Arc of Life is in itself worth watching again and again.
kind of wish you would bring in more non establishment types to critique the mainstream more here. i think that would be interesting. more outsiders please. i rec whitley strieber. www.unknowncountry.com/ he has a surprising amount of things to say about AI and has been mistakenly dismissed by many but has had some extraordinary experiences for decades now. so far the guests are great but kind of tame.
Congrats. Awesome questions and guests. One of the best podcasts around
Awesome job!! Please, it would be great if you could interview Esther Duflo, 2019 economics Nobel prize winner which uses machine learning to develop news ways to deal with proverty and inequalities using data.
Shouldn't "money" also be defined as something accessible to everybody? I LOVE Ray, but he touts the Facebook stable coin as worth while, but what if Facebook decides to sensor Ray from their platform because of his political beliefs or something they deem to be fake news? Digital Currency has no option but to be decentralized
Yeah, I was surprised by that comment of Dalio's.