Five Forces Shaping the Global Economy - With Ray Dalio, Founder of Bridgewater Associates
ฝัง
- เผยแพร่เมื่อ 16 มิ.ย. 2024
- According to Bloomberg, Ray Dalio and his firm Bridgewater have “made more money for investors than any other hedge fund in history”. In this interview, Ray outlines his investment thinking and analyses some key trends shaping the global economy.
Ray is an investor, commentator, philanthropist, and analyst of history’s relevance is assessing today’s economic and social challenges. He’s been dubbed the “Steve Jobs of investing” and Fortune has referred to the company he founded as the 5th most important company in the US.
In this feature, he discusses the development of Bridgewater and the principles that underpin his thinking (also covered in his bestselling book, ‘Principles: Life and Work’).
He then offers his perspective on the 'Big Cycle' that has driven the successes and failures of all the world’s major countries throughout history, before outlining the five key forces he believes are at work today: debt, conflict, populism, climate change and the power of technology.
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TOPICS:
00:00 - Intro
01:07 - Guest Background & The Bridgewater Journey
12:39 - Ray's Life Changing Mistake & Lessons Learnt
17:57 - The 5 Forces Driving Successes & Failures of Countries
30:06 - The Changing World Order & the Rise of China
43:19 - Investment Preferences
47:39 - Thinking About the Future & Making Sense of Predictions
51:46 - Potentials & Risks of Technological Advancement
54:41 - Tech & AI Implementation at Bridgewater
01:00:23 - Believability in Predictions & Intuition
01:03:19 - Treasury Yields & Bond Markets
01:05:27 - Conclusion & Outro
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DISCLAIMER
All content on the Money Maze Podcast is for your general information and use only and is not intended to address your particular requirements. In particular, the content does not constitute any form of advice, recommendation, representation, endorsement or arrangement and is not intended to be relied upon by users in making (or refraining from making) any specific investment or other decisions. Guests and presenters may have positions in any of the investments discussed.
This year has proven challenging, marked by losses from failed banks, real estate downturns, a struggling economy, and setbacks in stocks and dividends. It seems like everything has been going wrong, making it a particularly tough period.
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Making money is not the same as keeping it there is a reason why investments aren't well taught in schools, the examples you gave are well stationed, the market crisis gave me my first millions, people shy away from hard times, I embrace them.. well at least my advisor does lol.
This is superb! Information, as a noob it gets quite difficult to handle all of this and staying informed is a major cause, how do you go about this are you a pro investor?
Not at all, having monitor edge my portfolio performance which has made a jaw dropping $473k from just the past two quarters alone, I have learned why experienced traders make enormous returns from the seemingly unknown market. I must say it's the boldest decision I've taken since recently.
Please pardon me, who guides you on the process of it all?
The adviser I'm in touch with is Vivian Carol Gioia. You can use something else, for me her strategy works hence my result. she provides entry and exit point for the securities I focus on.
Thanks for clearing that up, I curiously searched for Vivian Carol Gioia on the internet and thankfully, I came across her my goal is to retire in 5years time.
This is hands down one of the best interviews of Ray Dalio. Unlike many news interviewers who only want to jump to concrete predictions, Mr Brewer listened attentively to Dalio’s principles and deepen the discussion. Thank you both for such legacy talk!
Thanks for the kind feedback, much appreciated!
Great episode. I'm sitting by the pool it's 12 AM here in the BVI and this got me going into deep reflection as a portfolio manager myself. I needed that time to just look at the sky and reflect as he says ; Pain + Reflection = Progress
🏝️ A wonderful place to reflect on pain/reflection/progress at least! We're envious as a podcast based in the rainy London ⛈️ 🇬🇧. Enjoy your time there.
Amazing conversation filled with so many insights and questions worth thinking about. Thanks for sharing.
Q
Thank you so much. So pleased you enjoyed it!
Great interview
Thank you so much.
I too was born on August the 8th , But I need the Podcast as I live on 11 k a Year these days and I know More than most Millionaires , it's just these darn SSI Rules are keeping me Down .....
I had a heart attack and three strokes and I made it through today! What is the next step to getting fully ready…for what is coming soon??
IT IS NOT WHAT YOU THINK!!!
* Ray Dalio is indeed a brilliant investor, but some of his perspectives on the US and China may be misleading. In his book, he highlights the uncontrollable money printing in the US but fails to acknowledge that China, despite having a smaller economy, has created money at a rate four times higher in the same period. Dalio emphasizes the US's substantial debt increase, with public debt rising from 35% in 1980 to 130% today, and total debt nearing 300%. However, he overlooks that China has a total estimated (opaque disclosure) debt of 700%. If the concern is about collapse, China would theoretically face this issue long before the US.
* Another critical aspect is that the majority of global trade and borrowing occurs in USD or Eurodollars, not Euros. When the US prints money, the negative impact is dispersed globally. In contrast, when China prints money, the effects are confined to its borders. In discussing the challenges in the US, Dalio points to political disagreements, riots, and criminal activities, acknowledging the nation's increasing complexity compared to the 50s and 60s. Yet, China is a totalitarian state with a single political party, devoid of opposition to voice countermeasures. The advanced technology used for citizen monitoring and the swift legal process are significant factors he fails to mention.
* Dalio's omission of these critical points raises questions about the motivations behind his narrative. It seems unlikely that such a savvy individual would make absent-minded mistakes, especially in a book. The question arises: Why would one of the most significant and intelligent fund managers propagate potentially inaccurate information about his own country's decline, given that it could adversely impact his business, affecting all his investors?
🤣🤣🤣 you are as wrong as Ray. 😁😁😁
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The transition from brown energy to green energy is actually a cost savings. See Elon Musk master plan part 3.