Billionaire Ray Dalio Predicts The Next Big Market Crash 

Download the Principles app: apple.co/2Kkmhq6 You can also share your thoughts with Patrick Bet-David by texting 310.340.1132 or send a tweet to Patrick Bet-David twitter.com/patrickbetdavid & Ray Dalio twitter.com/RayDalio

What a time to be alive. I can just pick up my $100 phone and I can hang out with PBD and Ray Dalio.

Apart from all the knowledge he shared, Mr. Ray himself has an admirable level of PATIENCE.

“It’s okay to fail a few times, as long as you get there” Powerful!

This is one of the most information-packed interviews I have watched from Valuetainment. I watched it the first time, 10 months ago. In the mean time, I read the book, I went through a lot of personal investments into education and complimented the learning curve with evaluated experience from the market place and proven mentors. I scheduled to watch this interview again, today. I picked up things I didn't even hear the first time. Would love to have another interview with Ray, especially after everything that happened in 2020 thus far. Thank you very much for this interview, Pat & Valuetainment Media.

*If you’re not failing, you’re not pushing your limits, and if you’re not pushing your limits, you’re not maximizing your potential.* Ray Dalio

I'm always impressed by Ray's wisdom, but today I'm more impressed by his patience.

For the people that read the comments before watching the video, It's an amazing interview, do take the time to watch it and judge it individually. There are certain times when Ray's answers invoke more questions and if Pat wouldn't have explored those for him to clarify deeper, we'd have an interview that no one understood. Thank you as always! Love from Mumbai, India

I love how they had a short discussion about the cadence/style of the interview and both made attempts to adjust to one another. And I love that that was left in for us to see. Great communication on multiple levels

I respect the fact that about half way through the interview, both Pat and Ray recognized their difference in conversational styles. Then they both did their part to adjust for a more fluid conversation. Great content, great insight.

There's a saying on how to distinguish a wise man from a fool. When the fool speaks, the wise man listens; when the wise man speaks, the fool speaks.

This interview was amazing it shows a level of comprehension and understanding that many people simply will not understand. I noticed the frustration and the back and forth between both PBD & Ray. I noticed how Ray choose his words carefully in this interview. PBD is a 100% Capitalist no if or buts about it. Capitalism is what he knows and understand. A individual that works hard and is dedicated can make it to the top. Ray Dalio operates in both worlds Capitalism & Communism and understand how both worlds work. This is truly an amazing interview but if you don’t understand how Capitalism & Communism work and how China went from farmers to being our Trojan horse in about 40yr you will not understand why Ray choose not to pick which is better Capitalism or Communism and he clearly understand who is winning this war.

01:20 Meeting the guest, how Ray Dalio got into the world of finance 04:20 Ray Dalio as a child 07:10 What interested Ray Dalo instead of studying 9:26 On Investors, Valuation Investing and Buffett 11:08 Diversification in Investing - The Holy Grail of Investing, How to Reduce Risk Without Reducing Profits 20:24 Why study politics for investment, how our times are similar to the 30s, types of wars 26:48 Trade war between the USA and China, the differences between the USA and China, the experience of managing companies in China 39:25 Discussion of the article "Why and how capitalism needs reform" 44:57 Why are the dangerous circumstances now and we are on the verge of a crisis, how to make the United States equal for everyone, on the problem of equal access to education 53:32 Patrick's story about the American dream, the importance of illustrative examples for children, how a person goes to the American dream and once again about equal opportunities 59:49 Synergists, the pattern of the company's development 01:03:21 Ray Dalio's opinion on inequality, on life stages, on the creation of an independent media platform 01:09:47 Ray Dalio's views on the process of appointing a successor to the post of CEO 01:13:35 Blitz 01:14:16 End of interview

Patrick cant even comprehend the macroeconomic points Ray is making here. I just wish he'd let him speak

I think they key to being a good interviewer is to be a good listener. When you are talking you are not listening.

Patrick, honestly love your channel - it's a goldmine. Whenever I find myself surrounded by people with poor and perhaps damaging mindsets I retreat to your channel to have a good think about the important ideas you discuss (not that I agree with everything you say either!). It improves my mindset and motivates me to take charge, make plans and set goals about my future. And the crazy part is it actually yields results. Thank you man.

I would have to say that this is the best news I’ve seen in decades. You interview provocative personalities with a wide range of views, and ask really good questions and let’s your guests answer.

This is probably the most frustrating PBD interview ever. Bro, you listened when different mafia affiliates spoke, you listened when hit men spoke... but when the time came to interview one of the brightest minds to ever walk the planet you decided to show off your Huawei knowledge and research skills. WTF?!

Interviewer is so smart he doesn’t even need to hear the answers from Ray. God Ray must have a massive amount of patience putting up with the interruptions.

We are literally blessed to have the possibility to listen to those wise men. Thank you Patrick for bringing Ray's mind to the public. 🙏

We need a Ray Dalio interview part 2! Especially in these times so much applies

Stop interrupting while he’s talking, let him finish!

Question: "Are you competitive or driven?" Answer: "I am curious and passionate"

Nobody: This interviewer: "So I was in the army and was basically like a combination between Arnold Schwarzenegger and Silvester Stallone in their prime, but with the fighting skills of Bruce Lee and the force of Chuck Norris, and I could probably have gone on to become Secretary of State and possibly President of the United States, but thankfully someone told me I was too good for that life, so I went and made millions of dollars instead and now I'm an ultra rich, self-made thought leader". Ray Dalio: "Cool so anyway back to my point..."

I admired Ray's wisdom and his patience when people who don't agree and can't see what he is seeing. One of the best conversations/ interviews!

Patrick interrupting the answers spiked my anxiety 😂

The problem with this interview is that the interviewer thinks he knows what ray is saying and ray knows that he does not

Amazing interview! The highlight for me is the importance of building each other up and learning from one another. United we stand, divided we fall!

Wow this Ray has opened my mind so much. He is one of those guys you can sit with for hours and talk. Splendid company. Thank you Pat.

Patrick seems to be a better interviewer with mobsters and criminals. When he's head to head with other strong businessmen his emotions become to prevalent.

The way Ray handled this guy was tremendous.

I just Rewatched, man so much info! Great Interview, Thanks to Both of you. WOW

My biggest take aways here: * Stay extremely curious and study alot. * Learn how systems work * Be ready to relearn stuff you thought you knew before. ...and more! This is packed full. Thanks PBD.

"If you haven't done something three times before successfully, don't assume you know it" Dalio 1:11:11

Just let Ray Dalio speak without interruption. Less is more. Think of Joe Rogan's interview with Edward Snowden

Ray presents so much deep life wisdom and grand perspective, in this interview. I've watched many parts of it again and again.

Dalio was impressively patient in spite of being interrupted again.....and again....and again! Yet he was gracious explaining that the interruptions were holding him from answering and that he would answer the way that the interviewer wanted. When have you ever heard that from any celebrity, business person, or politician before? A remarkable humble man who lives by his belief that finding the truth is of utmost importance, not just expressing what he thinks inside his head. I am in AWE.

That intro had me sweating.

This interviewer isn’t even listening! The fact that Ray has to tap him on the arm to get his attention is awful. Ray has a high level of patience, I’ll give him that

Gentlemen. Thank you for this insightful, thorough and thoughtful interview. It felt more like a discussion between two great men that I admire, and have been following for some time. Enjoyed it immensely.

Great interview with Mr. Dalio! I enjoyed every minute. Just like the rest contents on other segments. Great Show!!!

so interesting to see Ray Dalio on beast mode in this interview

Wasn't feeling the interview, 25 minutes into it finally got time to check the comments and got confirmation of my thoughts.

Watching this now, it was filmed 4 years ago, you can really see how much Patrick has grown. Even the sound effects changed. It’s really superb to see this growth. Also you cannot always be compatible with someone. This is probably why the conversation went badly

This level of quality on information and ideas, I could have watched for another 3 hours. Amazing. Thanks you ever so much.

Anyone who has the opportunity to talk to Ray Dalio should be all ears. So much wisdom and thought to every statement he makes. PBD usually has great interviews. This one had the potential to be the best interview he’s ever done but PBD had to get his 2 cents in. Damn.

Ray Dalio has an insane level of certainty about him. Boss

It is a beautiful example of two worlds. This both worlds you see back in Ray and Patrick. The different personalities is just a reflection. Thank you both for this interview.

What a great interview, so personal. I love it, it like 2 friends just sitting around talking.

Man, I wanted to watch an interview, not a debate.

This is the type of conversation I can listen to all day. Intense, open and rational. Goodstuff

I liked the fact that Patrick got the side of him other interviewer's Don't

We could listen to a wise billionaire free of charge. No BS courses no catch. Thank you Patrick. Amongst all the RU-vid “gurus” you are the only one/channel that gives real knowledge. Once again, thank you.

My theory is that the interviewer should speak less than the interviewee

Love anything by Ray Dalio. I could listen to him all day. I didnt particularly like how the interviewer kept interrupting during the interview. Ray speaks slowly, and when he gets interrupted the flow of the answer and the points hes trying to make just dont happen.

Ray thank you for such a wonderful intelligent conversation, especially when you talk about the educational needs and how important that is for the future.

I had to watch your interview with Ray Dalio for the 3rd time. His inspiration combined with your ability to find that pathway to success if just fascinating. Things that happened prior to 1930 and not in our lifetime sure has me thinking new connections. Great interview.!

So clear that Ray Dalio is on a whole different level then the interviewer.

27:45 the way Ray explained different perspectives about China and US was amazing.

What an amazing conversation. Super educational. Thank you so much. You both gentlemen and your team.

Amazing and informative interview. Obtain a great deal and hope that interviews like that will occur with different beings. Thank you for your valuable both of you.

Jesus how many times is he going to interrupt Ray. Let Ray speak man.

Anyone watching this after the big market crash in 2020?

I have been watching you for many hours now; amazed that I've not seen you sooner; I appreciate your willingness to interview, up to now I've picked mostly authors who've written of their lifes' experiences. I feel so encouraged to hear of your own story; very important to know your back ground and relatable; thank you. I hope that by learning from the people you interview that my path will be easier as I add to my Value and hopefully my Value that I will bring to the world will be worthy of your interviewing me some day. Keep evolving, you have great potential!

Scenery: The scenery was great; I would enjoy more interviews take place in settings such as these. I understand that sound can be something hard to deal with from time to time but overall, I think the slight interruptions are worth it. Video editing: Great job on the camera work changing the view just enough times to keep me engaged but not too many as to annoy. Also, adding graphics and images throughout the video was great. This helped following along easier and I’m sure it will help everything else stick better in my mind. Interview: Although many are not happy that this was not a traditional interview style and it was more of a conversation; I think that Patrick probing and giving his own viewpoint was very useful because it helps you think, gain perspective. In fact, at one point in the interview, the conversation was exactly about that, media that offer different viewpoints in order to reach objectivity. Lastly, it’s clear that Patrick respects genuinely respects Dalio and definitely made it clear to everyone that Dalio is who they should be listening to. Dalio’s mind: Although it’s obvious from the title of his book, he’s a very well developed “principles thinker” and a dominant lateral thinker as one would find in Elon Musk, Sam Harris, or Jordan Peterson. I believe that for this reason, his answers are “longwinded”. He’s gone through the long and hard work of setting up the foundations for his beliefs, thinking, and life. You can then see this be done again onto every viewpoint he has. To answer a question on society, he does not only look at history, instead, he tries to truly identify each major factor (Economy, Psychology, History, Values, and beliefs), break each down, and then build his conclusion from there (instead of the other way around). It was simply fascinating to watch. All in all, seeing his mind at work was, in a way, inspiring. This interview entertained me, I will definitely read Dalio’s book because of it, and I will have to revisit each of these topics discussed individually. Thank you for bringing him on and creating such a great experience.

“Long-winded.” You’re lucky he didn’t walk out right there!

The whole interview you are not listening to him you want to push out your own answers not let him tell you his opinion.

Just rewatched the interview again and man do I love Ray Dalio,, I can listen to this man the whole day.

One of the best interviewed by Patrick! Really really insightful views of the things as they really are and the power players they influence them the most

I enjoy listening to Ray, however Patrick you need to listen more and speak less.

I love Ray's passion during this interview. Imagine the conversations off camera lol

Instead of trying to predict and prognosticate whether or not we’re going into a recession and precisely when it’s going to happen, a better strategy is simply having a portfolio that’s well prepared for any eventually, that’s how some folks' been averaging 150K every 7week these past 4months according to Bloomberg.

Incredible interview, I watched it before and now after reading the book, and everything makes much more sense. I will come back and watch it in 5 years and i'll see if what's talked about really does happen... June 10th 2020

Patrick looks so confused and disorientated every time Ray tries to explain anything more complicated than profits to him.

Patrick "big ego" next time cut down on the interruption, thanks anyways

Fourth time watching/listening to this interview. Can't get tired of it!

I actually liked the toe-to-toe. Refreshing! But yes, it was interruptive but I enjoyed it. It brought out more of the Ray Dalio.

Really enjoyed this interview. I will be purchasing this book as soon as i can. Only heard of Ray Dalio by watching a link on the economic machine and now this. For a billionaire he seems very grounded. I like how he gave his time to help give others beneficial information, £18billion......definitely did not need to do this interview for a wage 🙌🏼

I’m at 36min and Patric opened his mouth maybe 5 times , what are you talking people ?😂

Woooh, epiphany! Thanks for the interview guys!

Just discovered your channel, boy am i glad i did!

Thank you! Watching it from Brazil!!! Just finished your book "Principles"today! Thank you for the valuable insights!

Inaccurate title and not sufficient respect for the person being interviewed.

My man! Good music intro, now you're talking!! way to listen to the audience. You re the man!

It's the first time i see Patrick says to the guest i want to take notes... This is how leaders really act when the other person explains - learns you something... It's one of the best interviews of Patrick and of course the content is unbelievable!!! Thank you!!!

Holy shit that was mind opening. What a great thinker Ray. Its a whole different perspective to life. Successful, Brilliant, Humble, helpful, contributing to society and great research. Thank you ray for being so wise. Thanks Patrick for sharing the knowledge of this great thinker. To make up for your mistakes or complaints by your subscribers in this interview, please invite him again and let him finish or better completely silent till you put your perspectives and other sub questions. That interruption style looks good with people like grant cordone not wise thinkers like Ray dalio. You are doing great. Your channel is awesome.

Constructive criticism: you shouldve interrupted him less :(

Oh, wow ! FANTASTIC !!! Thanks to BOTH OF YOU for doing this interview !

Patrick, mr. Ray Dalio was so patient and kind with you, it's almost unbelievable.

Ray Dalio is on another level. He’s right. Being a really high level business achiever is harder than being an Olympian.

This is one of the best & most important Valuetainment interview EVER. Ray Dalio-NOT your average boring billionaire.

🌹Your video are inspiration to me, God is too grateful to me I feel very fulfilled any time I remember my trip and how I have been able to increase my income to 6 figure after retiring from a public service, I keep on earning $26k every month and I'm glad productive decision that has changed my life forever

Damn, all y'all hating on PBD on the way he conducted this interview... Before this book tour getting a one on one with Ray freaking Dalio didn't happen! He's sitting down with Ray Dalio and trying to let his listeners understand also. Any of y'all think you could just sit with Ray and listen without asking questions?!!? C'mon people 🤦‍♂️ but look who is sitting with Ray and who is typing comments on RU-vid

Great interview, love that "long winded" answer were given the time needed because these issues are complex

Poor ole Ray, trying to keep his patience while finding himself in the middle of an awkward interview with an arrogant interviewer. A+ on the way you dealt with it if by some chance you are reading this comment Mr. Dalio.

This was fantastic interview. Thanks for giving us the opportunity to get his great insight and knowledge from two very accomplished entrepreneurs!

Pat’s style is always direct...good interview.

I like Patrick but he embarasses himself in this interview. He is trying to debate Ray Dalio rather than interview him. Patrick is smart guy but Ray Dalio is a genius.

I love his stories. Be curious, courteous, and cautious. Know your circumstances and understand the niches. LOVE IT!!!

This is a great interview, lots of good information. Thanks alot