Ray Dalio: Money, Power, and the Collapse of Empires | Lex Fridman Podcast  

thanks for the xmas present! have a good one

22 minte in i am enjoy the podcast thank you friend for being there for us a viewer from Tunisa it really help in this tough times listening to this while doing gesture drawing.

Stop making it more complicated then it needs to be, let me break it down! The rich pay middle men (politicians) to keep the poor people, poor. Politicians get away with it, and the peasants never put 2 and 2 together that the rich are keeping them poor!

stop asking corporations who invest in china about their opinion on china.

I never asked for this but thanks for such an amazing podcast for me. Wish you Lex Friedman and Ray Dalio the best.

As hard as it may sound you can plan for the recession. If you are working, find extra work and get an Invest--advisor. Protect your deposits by having enough cash in short term fixed income. Then cut your expenses. Minimal insurance, cut utilities.

I think the current market might give opportunities to maximize profit within a short term, but in order to execute such strategy , you must be a skilled practitioner

Thats true, I've been getting assisted by a FA for almost a year now, I started out with less than $200K and I'm just $19,000 short of half a million in profit.

That's fascinating. How can I contact your Asset-coach as my portfolio is dwindling?

Credits to 'Carol Vivian Constable' she has a web presence, so you can simply

Merry Christmas Dr Huberman . You have helped me in so many ways over the past year!!! I cannot thank you enough !!! I hope your enjoying this beautiful day!!!

Merry Christmas Andrew. Thank you for your fantastic podcast

Merry Christmas Dr Huberman

Indeed, Prof Huberman. Mr Dalio has been on my radar for years as a deeper thinker in all things macro and genuinely philosophical. I think sea change is on the way...

Get Dr Peterson on the Hubberman Lab!

Government policies have, for decades, jeopardized the future. The impending repercussions suggest an anticipated 80% decline in the stock market. Investors are expected to shift focus towards real estate, as traditional banking may face financial instability. It's crucial to formulate a survival strategy in light of these potential changes.

Having a sound financial plan is essential. Collaborating with a professional planner and fixed income strategist, would ensures you that the fixed-income segment of your portfolio not only acts as a buffer against equity volatility but also generates substantial income.

In my financial journey, John Desmond Heppolette has played a crucial role, offering invaluable knowledge, practical advice, and motivational content. The empowering community he fosters has not only boosted my confidence and work engagement but also inspired me to pursue excellence. Considered a secret weapon for significant financial growth, his online presence is essential for anyone seeking to enhance their financial situation.

The S&P 500 is currently right around its alltime high.

37 years

If you would, what are the common high-level misconceptions about China or what are the key points that someone from the West should take away if they want to better understand China?

@@programmer1840 that they are communist.

@@nicator8380 how's that a common misconception?

@@programmer1840 a country with billionaire stock market is no communist.

Thank you Lex

True thee

Indeed he did. 10 pm after a long day of Christmas. Was just getting ready to hit the hay…. Wait a sec, what is this…. Looks like I’m staying up another hour. Thank you lex!

Amen

Totally agree!

Podcasts like these contain many golden nuggets, but I don't believe in things being mandatory. In general, people tend to walk away from those things. I believe that curiosity is the main driver of human intelligence and I'm glad that I found this one.

Lex is in my personal education curriculum

I agree, but I think the concept should somehow include ways to expand/create/construct more paradigms. Just because retrospection has highlighted seemingly inevitable patterns, doesn't mean the future ought to be as such. There could be better ways to live and I think exploring those thought constructs would be a great thing to teach. In other words >> Rather than this being dogma it would be a cautionary tale. Somehow the world got this way and the question is >> Do we want to live like this ? What are the other possibilities ? How would we get there ? In essence I do not think it wise to instill narratives which could lead to complacency or further perpetuate dominance/wars. It's really cool that Mr. Dalio is able to teach us these paradigms and we should expand upon it. I wonder if people learned this earlier in life it would change their perspectives on first jobs or working for lower wages. For example: Rather than being upset at their paycheck and feel like they are at the bottom of the totem pole or that employers are taking advantage of minimum wage workers... Perhaps they might think that they are contributing towards a better economy by providing low cost food for a booming economy. Like a temporary rite of passage rather than a permanent socioeconomic status. ( it's just an idea )

wow definitely sounds like an experience!! would love to have heard what he had to say

Wow indeed,

I bet these monks wouldn’t show up at my tiny house to have this woowoo ponderings. Obviously if I had a mansion and flew them over in a private jet then they would. 👀

​@@Witnessmoo It probably takes more than a mansion and a jet. For instance I would have nothing clever or wise to say to warrant it. Maybe you're different.

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.

Just goes to show the power of long form. You can't learn anything in 5 minutes!

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.

Try some of the European media. But they are not in English :)

And you listen/see the rubbish medias you have to wast your time for the ads too .

Idk man, when i hear things like "Here in america we can choose our leaders" sounds CNNish to me. Trump's example is a living proof you can't

That's a great call...

would be epic

holy shit, this is also in my mind but unfortunately, he doesnt show up much (he might not be much as popular as ray, but almost everyone in a trader industry; we all know that JM is nothing but quant god (even munger & buffer gotta accept that fact)) also these following names (but maybe it would turn to too much hedgefund thing haha) - paul tudor jones - jim roger - steve cohen - stanley druckenmiller - carl icahn

@@1247111 Hey Auxin, you're a daytrader?

Hey Lex. Huge fan. Recently finished M Pillsbury’s alarming book “100 Year Marathon” - (chronicles PCP’s (sic for the censors) “unrestricted warfare” against USA) and have since done a deep dive on how China has used classic Marxist subversion techniques - (eg fanning tribalism, elite capture - (gotta assume Mr Dalio has been a target )- and media / narrative control - all chronicled in KGB manuals published in the 1950s Ive been studying - to undermine Uncle Sammie. Need ur help. Ive heard u several times muse abt “Heroic Action”. Would it not be heroic to have Pillsbury on and then ask why only MIT and Stanford still have Conf Inst on campus - have some MIT Conf Inst admin reps on? Find out how much PCP cash has flowed thru MIT in last 5 years? Any chance MIT is assisting in making PLA conv. ballistic missiles - u know the ones that target our carrier battle groups in W Pacific - more accurate? Gotta say Im worried potential T T T T Treason is going on w MIT knowingly assisting our enemy develop and enhance weapons intended to be used against our sailors, soldiers and airmen - and maybe against all of us. If Im wrong u can kick my ass in a boxing ring - will sign any waiver u want. Will gladly bleed to ensure USA is safe from elite Treason.

Unfortunately, I do not think Lex is the right* interviewer for Peter. They think with very different frameworks and I cannot imagine the conversation providing deep insights like Lex delivers with other guests. I would take any Thiel material on offer but I would almost prefer Rogan to interview Thiel, if for nothing more than a caveman chatting to guy who thinks of the world as 4D chess…. *no pun intended I saw this as HUGE fans of Thiel, Lex and respect for Rogan and what the genre he has created. **edit Rohan to Rogan thanks for the correction

@@M.-.D Rohan? Do you mean Joe Rogan?

@@shubhreetlalli8671 thank you for the correction.

@@M.-.D no issues! And Rogan interviewing Thiel would be a GOAT episode. Hope it happens.

I would love to see Peter Thiel on this show. However, I think it would be rather debate than interview. It’s because unlike this interview where Lex and Dalio agree on fundamental framework of centralised governance, Peter thinks in much more libertarian framework of decentralised governance. Hence, it will be challenge for Lex to unpack what Peter Thiel is trying to say (especially when it comes to his stance on China). It would be a great debate to watch, not really an interview.

you're absolutely right, the stock market is a dynamic and constantly changing environment that can be influenced by a wide range of factors, including government policies. It is important to approach investing with a long-term perspective, also, understand the potential factors that contribute to your financial growth, I'll advise you to seek the help of a professional investment coach and to carefully consider the potential risks and rewards of any investment decision.

Thats true, I've been getting assisted by a FA for almost a year now, I started out with less than $200K and I'm just $19,000 short of half a million in profit.

@@kimyoung8414 I’ve been down a ton, I’m only holding on so I can recoup, I really need help, who is this investment-adviser that guides you?

@@oneiljerry9460 My advisor is HEATHER ANN CHRISTENSEN she’s highly qualified and experienced in the financial market. She has extensive knowledge of portfolio diversity and is considered an expert in the field. I recommend researching her credentials further. She has many years of experience and is a valuable resource for anyone looking to navigate the financial market.

@@kimyoung8414 Thank you for this Pointer. It was easy to find her handler, She seems very proficient and flexible. I booked a call session with her.

I don't believe there has ever been a better method to understand how to enhance your wealth than by working with a skilled portfolio advisor who can research and experience a wide range of markets. The value of the U.S. dollar clearly has an impact on investing in a variety of ways.

I was left holding worthless positions in the market in 2020 because to these market uncertainties, which is why I don't base my market assessments and decisions on rumors and hearsay. Before I started noticing any noticeable improvements in my portfolio, I had to fully redesign it with the assistance of an advisor; I've been working with the same advisor and have scaled up to 750k.

@@robertlucas8288 True, we’re only just an information away from amassing wealth, I know alto of folks that made fortunes from the Dotcom crash as well as the 08’ crash and I’ve been looking into similar opportunities in this present market, could this coach that guides you help?

@@obodoaghahenry9297 She is Julie Anne Hoover my consultant. Since then, she has devoted section and leave attention to safeguards that I have been keeping an eye out for. You can locate information about the chief online, on the off chance that you're interested. I made no regrets about substantially adhering to their exchange strategy.

Bro, I have spent time researching this in the past and trust me, the majority consensus is almost always wrong. In regard to your question, trust in yourself and dont rely on others to inform your investments, that way you will learn how to invest better yourself and taking accountability will make it so you have no one to blame if you lose and no one to owe if you win. If you’re on videos like this you are probably pretty motivated, with a few weeks of serious work, you should be able to position yourself in a great spot to maximize your financial gain in the upcoming years.

I always found the idea of using spreadsheets very time consuming and unnecessary. I just dump a bunch of money into my savings accounts each month and keep my spending money in a separate account and try to spend as little as possible.

Right, I've been in constant touch with a fiinancial-analyst since covid . You know these days it's really easy to buy into trending stock`s, but the task is determining when to buy or sell . My advisor decides entry and exit commands on my portfolio, I've accrued over $550k from an initially stagnant reserve of $150K.

@@kozovski6628 Please can you leave the info of your investment advisor here? I’m in dire need for one.

@@Green-ed7wq "Donna Lorraine Judge'' is actuaIIy the one that guides me, she’s a hlghIy-sought out advlser, so I’m not certain she’s acceptlng new intakes, but you can give it a shot. It wouldn’t be proper to just Ieave her number Iying around, but she has a webpage you can look at if you googIe her name.

@@kozovski6628 thanks for sharing this, I googled the lady you mentioned and after going through her resume, I can tell she's a pro. I wrote her and I'm waiting on her reply.

AGREED! 😄 🤣

Yes he asks questions and then get regurgitated century of humiliation bs and just sits and listens.

Lex is fantastic! I enjoy him for that exact reason as well

Indeed, the recent market downturn serves as evidence that a vast majority of individuals lacked a sufficient understanding of the underlying financial dynamics at play.

Such market uncertainties are the reason I don’t base my market judgements and decisions on rumors and here-says, got the best of me in 2020 and had me holding worthless position in the market, I had to revamp my entire portfolio through the aid of an advisor, before I started seeing any significant results happening in my portfolio, been using the same advisor and I’ve scaled up $3million within 2years, whether a bullish or down market, both makes for good profit, it all depends on where you’re looking.

@@theresagarcia1218 True, we’re only just an information away from amassing wealth, I know a lot of folks that made fortunes from the Dotcom crash as well as the 08’ crash and I’ve been looking into similar opportunities in this present market, could this coach that guides you help?.

@@mayacho4910 The adviser I'm in touch with is 'MARGARET ANN WARNKEN" and yes she could help. But note you can use something or someone else. for me her strategy works hence my result.

@@theresagarcia1218 Thank you for sharing; I just Googled her name and her website came up right away. It looks interesting so far. I'm going to write her a message and hopefully it all goes splendidly.

Exactly the stock market is a crucial step to becoming financially free, but it will only give you good returns if you understand how the markets work. If you don't, then you'd be doing yourself a lot of good by hiring an investment professional to lead you.

@@tunnelvision3246 That's right, I started investing sometime in 2020 and by late 2021, I pulled a profit of over $750k with no prior investment knowledge or skill. I was basically following the guidelines set by my Investmënt-Adviser, so you don't necessarily need to be a perfect investor or do the hard works. Just have a financial market pundit who guides & mentor you.

@@hannahdonald9071 Inflation is over 10%, but as we know it's definitely way more than the Government would like to admit. My plan is to earn more passive income and ride this out, can your Investment-adviser assist?

@@graceocean8323 Sure, the Invēstment-Adviser that guides me is "Maria Juliana Ramirez". She's renowned and has quite a following. It shouldn't be a hassle finding her. Just look her up.

The Lady Maria really seems to know her stuff. I found her website after looking her up, read through her resume, educational background, qualifications and it was really impressive. She is a fiduciary who will act in my best interest. So, I booked a session with he

He’s on the CFR board and a political advisor, so in some way he already is

He's a communist appeaser.

15 mins in, learned nothing so far. Feels like a high school history paper…

Seems like a reasonable guy, but he’s not offering any actual solutions. Places like China are a threat for different reasons - they don’t have the same long history of checks and balances, human rights, internal divisions to deal with. They are controlling information entering the country, and can rewrite history however they please, and mobilize 1 billion people in blind hatred and war.

He is into politics. He owns many politicians.

Indeed! 🙏

Egg roll going down

Putin and Lex

Xi

Hey does anyone here like apples

Please?

No, gents, Putin or Kim Jong-un are the exact opposite of Ray Dalio in every way therefore It'll be a step backward

He’s a gem

@@bits_for_bytes you CIA

He's a globalist elite psyop pushing for mmt and bankers new world order

@@cyberblock7619 thats what i heard and if he tells what’s actually going on he wont be invited to sit at the table of their little billionaire club they got going on

Ray is a communist appeasor.

@@cyberblock7619 yup.

@@thucydd correct

do some more research on this guy and where he has received money from. Then you'll question whether he should be president.

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.

Thats absolute rubbish, Taiwan is the best example there is that China can have freedom such as we do as an example.

@@stephenrohaim382 you're right but Taiwan and Hong Kong aren't the same as main land China, and I said nothing about freedom but to your point, other than absolute communism or absolute fascism any system is capable of providing freedom but on a population that doesn't know what freedom is, you can't just flip a switch to make them free and expect the same result as anywhere else. Quite literally as Ray said this isn't an approval of those systems but an understanding that different populations react differently to various administration systems, Hong Kong is a fair example of this in their resistance of the Chinese takeover these last two years.

@@akilasdesalegn4416 On that point Dalio I believe is completely wrong as protests and dissidents within China as well demonstrate we had people speaking like that about the Soviet Union also back in the day and the eastern block we learnt how real that was when the wall fell. There is plenty of resistance against the party. And condemning them all to perpetual state slavery to justify investments in an enemy regime.. it gives me the chills when people speak like that. He is effectively an apologist for China, we should not be doing any business with them as they literally intend to spread their system across the globe. China is a threat greater than any before in history, and Dalio is one of the people whos making a deal with the devil.

@@stephenrohaim382 no one here said the Chinese system is right or that it is popular, but we can't assume our system is the solution just because people in China go against the administration, we tried that approach in Afganistan and it lasted a whole 20 seconds. That is because populations have to want their freedom so much that they're willing to create chaos in the short term but i am positive XI has better popularity in China than Biden has in the US, Ray (hate bringing him up) talks about the Chinese system because the US is losing in most of the races that we'd have to take an objective approach to study what actually made the Chinese successful and we both know the Chinese aren't successful because they are denying freedom but the 6 thousand years of hard working culture that delivers when a system that is bad in every sense of the word levrages it to its advantage, but i think we'd both agree its a bit humorous to suggest 'we' stop doing business with them when China holds much of the cards right now, and the American system we know has it's weaknesses not by its self necessarily but through the childish politics games we play assuming either half of the population are either snowflakes or racist bigots, so the solution in my opinion for the US is take the lesson from China in that Americans need to toughen up for hard times, Increase their work output by a whole lot and make their relationships with other countries one of mutually benefiting business and not some crusade to impose their system on the rest of the world. Because if the US doesn't get it's $#it together China is gonna fully tie up the world through 'business relations' and every country will start acting like the NBA (sadly, which if you think about it, is already happening). The solution to much of it all is in the US not any other place.

@@akilasdesalegn4416 I wonder if anyone would have said in 1944 that National Socialism might not be popular or right but we couldnt assume that ours was the solution. I think we very easily can point out that our system is better more moral and indeed provides individuals with freedom. A nation that runs concentration camps, disappears dissdents, carries out forced organ harvests of dissents and thats just the tip of the iceberg can certainly do with a western style democracy. XI is a dictator of the type you see in North Korea or last century in Europe, of course he is popular the old leaders of the Soviet Union and Eastern Europe were also always very popular. When someone comes with the 6000 or 5000 years of history myth I know someone has been eating a little too much chinese propaganda and myth, the Shang dynasty is the earliest documented with archeological proof, beyond that it is pure myth. And never mind the CCP tried to eradicate that history during the Culture revolution, before they found it more useful as a propaganda tool. There is no 5000 years of unbroken history in China that latest break was with the CCP taking power. China is not that old and the life of Confusius overlapped with those of Socrates and Phytagoras, China was unified long after the great Empire of Alexander the great. Its a nice tool for the CCP these myths it helps create an idea of inevitability, yet there is nothing inevitable about China rising to dominance it can be stopped and it must be stopped. Nobody suggests we just say stop and halt all trade with China tomorrow, what we must do is detangle from China and move all western companies out of China and give them both incentives to do so and penalties if they do not. Trading with China today is like trading with Hitler Germany in 1939. The US has very little lessons to take from China, first of there is not a statistic in China that tells any truth no more than there was in the old Soviet Union. The only thing we can learn from China is to stop being naive and act against an enemy as they act against us. Chinas rise has come through massive technology transfers and theft no nation that is a complete success needs to use that much continuous theft to float along.We actually should never have abandoned the cold war mentality, we need to put up Radio Free China and start educating the Chinese against their leaders wishes on the realities of the rest of the world, not cater to a regime that would do away with us if they could.

I'm actually tired of worrying about stocks. it's driving me nuts these days,I think crypto investment is far better than stock made over $39k in a week.

Stocks are good but crypto is more profitable. Not to be compared.

Hello please I need help am a newbie lost over €6,000 a week ago is they any opinion on how to gain back?

oops that's a huge lost.

You have to get more experience first, work with a professional on crypto to guide you step-by-step.

Dalio doged the question on Freedom and human rights... we know china has a top down idea phylosophy. But what we are concerned about is you cannot go in the streets and declare you are christian or muslim, or against the government views without been put in a concentration camp. What human right do you have in china ray Dalio?

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.

Speaking of… what’s the next big “holiday” coming up?

When given the chance to reply and think

He's so fake. Big time commie. One day it will hit you.

@@EPeckBaseball nah, he's objective and doesn't live in the bubble of any countries propaganda. Socialism doesn't work, but you'll scutall have to visits china to see how far they have come. The truth hurts, the US is a declining power.

@@Jay-xr3sb He has made and continues to make a lot money in China and Chinese censors have big ears so he has to keep the same tune, but China won't be all that once India and southeast Asia develop as well

@@edwardr8826 the whole of the USA and developed world has made money from chinas production of cheap goods. Everything from Apple down to your under wear. Sure india will be the workhorse once china develops its own leading tech and financial markets. Indian working conditions are far worse than chinas. They were both at the same stage 30 years agos and china is now a superpower and india as backwards as ever. Dalio understands history and that there are other functioning societies over gun toting, wasteful cheeseburger eaters.

He’s not straight forward if you ask him about being a china fanboy.

just yesterday i start reading principles;P

@@kevinbolton6674 Nice I started too few weeks ago

Its a great book, enjoy.

@Angelo Balbi he knows the truth but he's a CCP mouthpiece. Either compromised or voluntarily. He's been favorably comparing China to USA for over a decade.

@Angelo Balbi You should read a bit about Canadian National Debt how it recently increased. These money was not free, Trudeau bought Canadian's votes with money borrowed from their children ... brilliant :) The difference between US and Canada can be explained by different electoral cycle favouring different vote buying approaches.

@Angelo Balbi I see you are Magic Money Tree believer, sorry did not get it from your original post. Good luck with "Transient" inflation :)

@Angelo Balbi so you are a Believer ! So is Erdogan.

Most of the things they talked about was largely out of Lex's area of expertise, so it's hard to be engaging when that's the situation.

Hes a puppet for the central banks, is pushing mmt and nwo

Maybe you are unfamiliar with Lex? He was plenty interested and asked great questions. Listening intently IS interest. I see quite the opposite. Lex showed great interest and expressed his appreciation for Ray's perspective and objectivity.

@@MatthewCleere Yes, lex got on his knees for ray

Lol. What are you trying to say that one of the world's most powerful humans doesnt have free speech? AHAHA. The dude essentially works for the CCP. Lex was VERY VERY VERY soft on him.

thats how capitalism works. united states does business with saudi arabia a country with well known human rights abuses that still holds public beheadings while accusing china of muslim genocide when no death is occuring, while bombing and detaining the same muslim in question in afghanistan iraq and syria.

Business has different moral values, it's just hard to be religious in business. Means you can also do good with business as you can do bad with it.

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.

@@levelazn i think in certain cases, even though as seen as barbaric in western world, it should be encouraged. There are eos many criminals and lowlifes in united states and anywhere really, who are just trialed and locked up on tax payer money. If you are okay with following the rules why can't they be?! It makes me mad. Especially pedophiles for example or someone who does it over and over again. A bullet would suffice. US is a developed country, and yet most parts of it look like third world because of people who live there. I believe hard punishment is necessary for most people to fall in line unfortunately. And it should apply to people in high places who make laws that are criminal, like seen in the last 2 years. Hopefully one day we evolve past that, bit for now, severe punishment is necessary for most. If someone broke into my house where my daughter and wife sleep, i don't want that person to go to jail. I have no issue with them being killed on sight. If i can live normally, why can't others?

He enjoys china

Wait until the war part..... not fun

Don’t get your history from someone who defends China and Henry Kissinger.

He also made the most money from investing in the Chinese.

@Angelo Balbi dalio is an elitist and a purveyor of human misery. Wake up. Stop worshipping money.

Don’t agree with this simplification at least he explains his conclusions

@@derMcSven are you familiar with the expression "the Queen thinks the world smells like fresh paint?"

@@newagain9964 if you aren't making money both ways then wtf are you doing?

He didn't say that.