Ray is nothing like his company. Having worked as a contractor for Bridgewater I saw Ray things from the fly on the wall concept. The employees only used the radical abuse on the little guys like me. As one employee put it the cleaning people make more then the employee's. That is true. I owned the cleaning company
Ray Dalio is an American conman. His last book basically read like a washed up old man who steals life and geniuses fro on the youth around him. Now he claims new levels of communication and Insight...the truth is more that he is a tyrant mascarading as a benefactor.
He was actually cut off from news interviews when he was stating that the greatest concern in the economy going forward is the next election being capitalism versus socialism
I became familiar with Mr Dalio while I was browsing a,golf magazine . He was featured on the last page. It wasn't a big spotlight type article. The way he answered golf questions was intriguing. There is most definitely a pattern to almost everything. 🇺🇸
Sorry, but I don't see the value or logic in having people grade someone while they are talking or making a pitch or statement. How can you listen, evaluate, and consider what someone is saying if you are inside your own head judging them?
@@dianagross8784 Okay, worthless is an exaggeration, however you're not going to improve if you don't have faith in principles used by people exponentially more successful than you. He's right there telling you the most effective way of producing great ideas and you're like "duh, what about people's feelings?" - that's apart of the technique; to put your ego aside and let the ideas do the talking.
One of my favorite humans! Love ray! Great humble guy! Read his book a year ago. Brilliant. It might be too hard truth for some though. It’s real deal. It’s gonna make you change and questions yourself and what you’ve been taught. But he’s 100% correct and his book will make you better.
They actually double down on the strengths of people and allocate human resources where is is needed based on the strengths and weaknesses. Trying to fix person A's weakness is infinitely harder than hiring another person who is great at person A's weakness.
So where is the opportunity? Its been siphoned off by wealthy enough entrepreneurs who need places for their primary incomes to be laundered. As in lets say LeBron James wife needs something to do. They start a clothing line or a restaurant that competes with some lesser well heeled hopeful who doesn't have the capital or network LeBron or whomever has. Multiply that times how often it must occur throughout America and you've got the market cornered on opportunity. Mr Dalios is on the mountain top so he doesn't see that his business, that functions in the interest of shareholders, is at the expense of workers and just siphons off from the rank and file who don't see the rewards of their own efforts because shareholders came first. Capitalists are deathly afraid of one thing ...Nationalization. Its the reason American foreign policy has historically and consistently been bedfellows in unholy alliances with the worst of dictators. Reagan even invited Pinochet and Mobutu to the White House as did Maggie. The Peoples' interests are a by product in Mr Dalios system because its still Supply Side with the possibility of a little more trickle down intent on its surface than your garden variety republican would advocate. That politician has to scratch the right backs to stay elected so is much less convicted about disparity of wealth. Who's gonna get the bags?
its common sense, he just made a really cut throat culture. Its a big hedge fund so it is probably very lucrative compensation. So your always forced to be on your game. Heaven forbid you get sick or your inlaws came into town. These kinds of jobs are for people who don't really have family obligations, or kind of let their spouse take care of everything. There is more to life than that. Frankly speaking, if Im in a meeting, Im trying to focus on whats being discussed, not what rating I want to give someone. Its not productive, it just forces people work alot harder to be perfect.
In the spirit of radical transparency, this was a really weak presentation by the 60 minutes journalist. Thumbs down on succinct communication and interviewing lol
This is the most interesting interview I have seen in a long time on 60 minutes. The complexity of Ray Dalio and the understanding of Bridgwater requires someone with skill and objectivity. This journalist has both. You clearly didn't listen to the same interview!
Why is he on TV so much in the past 12 months? What's his game? What is he trying to sell? I bought the book 2 years ago when it came out. Something else is up.
David Kim I’m skeptic because it takes a lot of effort and planning and setup to go on CNBC every 2-3 weeks and argue with a people who make $150,000/year when you make $150 mil/year. The books are enough to give back. The repeated appearances on TV are strange to me.
I get born with things that I AM interested in. Because I see solutions, not the problem. And too many only see problems and keep talking about the problem.
This would never work driving a yard goat for a logistics! One guy drives really fast and runs around puts trailers where they do not belong, management holds him in very high regard but he breaks things all the time. I do the same job and never break or smash anything to our aging equipment, see potential safety problems for the driver that has to take the equipment down the road but I get told I'm slow and need to move faster like the other guy. Then this comes out and people are grading me!? WTF?? Please let me.die right now. This system would not work in every job.
@@jeremyjackson7429 running a successful business and understanding macroeconomics are two completely different things. And I never said I was an expert. Plenty of reputable economists who disagree with his views
The key to his success create financial instruments that no one really understands cause of the complexity of them .Lobby the politicians with lots $$$ so they don't regulate them . Then get investors with the promise that all who play the lottery win the big prize .And nothing has changed since 08 except the stack of cards has gotten even bigger .
So like a social credit system. God is on earth to judge you through a computer not looking down from above. And if you don’t add up your kicked out of eden.
Did you read his book? If not I will give you a hint is about Reality and Evolution, in every workplace is like an ecosystem, some can handle it others don't.
All Ray Dalio is doing is igniting the "victim mindset" even more. I come from a middle class background and son of an immigrant, I believe all his claims are a big pile of BS. America was and still is the best nation on this planet when it comes to climbing the wealth ladder, so far it has been true for me. Your outcome is directly caused by what you are willing to put in. "If you think you can do a thing or think you can't do a thing, you're right." - Henry Ford
sjo q Bud, can you not read? My parents were immigrants themselves. I’m just saying that the claim that the current US system favors the wealthy over poor is a myth and everyone has an equal opportunity in this nation.
Dalio is a class act. I respect him because he wants to teach others and not just help himself. How we fix some of the issues he brings up is more complex. I wish the Federal Reserve system would be looked at closer by powerful people, but for some strange reason few are willing to address it. Ron Paul is probably the only modern day leader willing to take a deeper look. The banks are the main problem of the current inequality. When money is printed the people at the top get it first and by the time it trickles down we are hit with inflation. Of course they keep saying there is NO inflation. That is a joke to anyone who buys food.
Radical truth in an era of PC victimization is going to be difficult. Today's young people cannot handle criticism. They have been taught that Everyone is a winner. Maybe Ray should run for President. I an see the radical left attacking the Radical Truth and Radical Racism!
@@LisaMurphy Speculators are an essential part of a functioning economy. Speculators speed up the adjustment process of a given security which smooths out economic fluctuations. They also allow people to transfer risk. For example let's say Dalio thinks the price of corn is going up. Someone has to take the other side of the trade and sell that contract to him. The farmer will sell that futures contract to ensure that if the price of corn drops over the year they won't lose money. They are locking in the current price. Farmers also use the futures market to determine which crops to plant. If the price of wheat is high relative to corn. They will plant wheat to get a larger profit and use the futures market to lock in that profit. That farmer is satisfying an real need because the price of wheat is higher because speculators are forecasting either a 1) shortage relative to corn 2) an increased demand from consumers. If the speculator forecast wrong, he will lose money so there is an incentive to be right. So what does he produce? A properly functioning society that feeds people.
@@LisaMurphy You're missing the point. He's producing wealth. If you don't see the value of the markets then that's your fault not his or anyone else that does.
@@mp517q He is certainly not creating wealth. He's just helping some people play the system in such a way that enriches them while it rips off others. Those "others" are mostly the hard working honest people who actually produce goods. You're the one who doesn't get it.
He is wrong. Capitalism is just fine. It’s our political system that is a failure. We need less Government and more free market Capitalism. Competition is the great equalizer.
You are wrong. We need the government to regulate the market otherwise the rich and power will control everything. A little fish can not compete with a shark
Oneness would be best but these people are not oneness material. Ray is rich simply because he bleeds & uses people and then discards them...that's a financial nobrainer. Thirty percent of hires are fired within 18 months. The math is he drains them of their hidden talents and then gets rid of them before they can collect what they're worth. Perhaps he already knows they feel inherently worthless, and if so I would say he's cruel but definitely brilliant.
