Ray Dalio on Career, Market Cycles, China Debt 

Ray Dalio is not only an icon for our generation to learn to understand the economy, but he’s also so humble that it’s easy to miss just how significant his observations are

Maybe wisdom comes with age, I just find Ray Dalio so humble, polite, nice tempered, patient, intelligent and wise. He is even teaching everyone about economics and etc via RU-vid videos. For someone who is so rich, it is amazing to see he care so much about other people. We need more people like him in the world.

The booklist from the second question (32:55): The Lessons of History by Will and Ariel Durant The Hero With a Thousand Faces by Joseph Campbell The Rise and Fall of the Great Powers by Paul Kennedy (particularly this one)

one of the few man who is able to address 1) ego barriers 2) Blind spot problems. How to know what you do not know? ray dalio idea meritocracy is one of the solutions. love his books n articles. i have seen too many in the financial industry talking gibberish and voodoo , Ray is a beacon of light. Thank you for your ideas and books

Ray Dalio, you have a beautiful mind! I could listen to you for hours and hours and never get tired of your insight! Thank you for sharing.

When it comes to macro economists, or finance guys, or any other spectators and analysts of the economy, there's no one who I trust more than Ray Dalio.

I SUGGEST REWIND AT LEAST 5 TIMES

Anyone who had "fell hard" financially would surely concur with much of Ray's beliefs and principles. Yes, the most important take away is his humility about him predicting wrongly about the market in 1982. One cannot be too certain. I like to quote this from Howard Marks' story of the one horse race. Even if one is so certain about an outcome, something else can happen instead. Appreciate Ray Dalio for his generosity in sharing his lessons and experience.

Really did not know a lot about Ray Dalio but that was a very well-spent hour of my time. Thank you for this interview, just mindblowing

The China debt Q&A at the end was the best. You can desagree with Ray all you want about China, but you have to respect that he's only following his process and that's what we all should be doing.

His style of conversation is so natural and forthcoming that it strikes a chord every now and then and allows one to reflect inwards and outwards in a more practical and doable way. Amazing.

Bloomberg Market is an excellent channel. Well done. I like the ones with a historical perspective very much.

Ray Dalio: American Hero. Hopefully US Treasury Secretary in the next US Administration. He has the best people, we will need him.

China debt is the last question in the Q&A; glad that I listened to the end.

Thank you mr Ritholtz for the interview! Great stuff :)

Ray always makes sense

Mr. Ritholtz, your interviews are pure gold and a delight to learn from.

Mr. Dalio should run for POTUS

Fantastic....thank you....very good interview....

I find him so much more insightful than other “elites”. He’s willing to acknowledge problems like inequality and political fragmentation that others won’t confront. Wish we had leaders who could understand this. Buffet doesn’t seem to grasp the “paradigm” we are going into.

Thank you for the books you recommended...

Amazing guy and amazing advice for life he gives us. Interview was just great, hour well spent. :)

Openness, transparency, honesty, and no politics. Hard to imagine such a company in today's world.

thank you you bring so much value to my life...please take my yoga class in nye

excellent host, asked correct questions at right moments!

love it! i love Ray Dalio what a pleasure

Two men who think out of the box !!

Ray Dalio low key, just described a metacognitive process. By inverting the process of how to make a judgement made to how to conceptualize a problem, he inverted the typical equation of judgment then problem, by choosing to reconceptualize the world, (hence the problem.) So rather than writing a plan of action he chose to meta his own thinking. So instead of writing a strategy he wrote a ‘What do I think?’ first and then a ‘What do I think about what I think and what can I make of this?’ Scrutinizing his understanding on paper to allow and better scrutinize his own judgment (written) in order to arrive at a more accurate depiction of reality (the world.) (hence other, opposing minds come in handy as antagonistic and scrutinized for his version of the world.) Here it is better to conceptualize/envision the understanding; really the problem and then the judgment as to how to act. This is required, for better action. This is most incredible because he accurately describes the process, he’s describing meta-cognitive thought and is a great communicator. The guy basically is not talking about the economy, he’s a low key great communicator. He’s visualizing a problem before attacking it. People don’t do this even if they think they do, it’s not the judgement made first, it’s writing the conditions of action. Or more specifically the question or what causes/provokes the necessitates action. This allows him to play to a more parallel world. He’s therefore much more congruent with reality. He’s a straight forward thinker. I think his thinking is as much a result of his scrupulousness as it is his way to meta his own judgement. He delineates the conditions for action in the world before how he’s going to act in it. There concisely, fucking finally. Thanks.

Ray is fucking KING. The best thought process I´ve heard.

He says " absorb everything from not knowing." the word he says is sincere instruction towards me to start my career in the financial industry.

Ray is an icon!

3 book recommendations by Ray Dalio at around 33:00 - The Lessons From History, Will Durant, Ariel Druant (amzn.to/2Buf4jC) - The Hero with a Thousand Faces, Joseph Campbell (amzn.to/2znmseO) - The Rise and Fall of the Great Powers, Paul Kennedy (amzn.to/2zp0rML)

The best. First in class.

Great man

Oh, how relevant Ray's ideas are today

thanks for all the comments convincing me to sit through this! enjoyed it

Ray Dalio is amazing

ray Dalio can think and articulate so clearly that beats every single economics book out three . He deserves a Nobel prize!

great person

Mr Dalio is quite simply god. He should rule supreme over us all. He truly is the essence of Dear Leader.

진짜 천재다 그때당시에 알고리즘을 생각해 냈어

36:14 - agressivness in action, humility in learning!!!

The last 5 minutes are prophetic

I am a 30-something millennial and I love this man's intellectual integrity

Where was this venue? Would really love to see Ray Dalio

44:52 Ray knows!

That laugh when he mentions crypto. Has anyone heard him laugh like that before?

Simple yet not easy rules to follow

I use to remember don’t want money but Love . Guessing what happened got heather but strength

You Riches are the future for ours beloveds keep it ON

Damn... this is some real stuff right here.

So clever and still so humble. Ray Dalio is just an outstanding person.

Great

25:29 what is the book Ray recommended ? I didn’t catch it

Give the name of is best students

21:20 basically talking about the stage that we are in and going to right now

this guy speaks the truth

Watch "The China Hustle"

15:48!

we love space x we traveled to Boca Chica to see the starship get built. & we got the S dual motor fsd last Christmas 🎄 😎 still have the cybertruck tri motor or 4 motor fsd on order, i got lots of solar & backup battery system to charge them both. i have tsla too. i just got tired of paying $5 for a gallon of gasoline

I heard you, John Authers (FT)

1:45 BIG DANK

39:15 "when it gets bad enough, they will always print". On the money, isn't he?! Or in our current situation, on the trillions.

This guy is a Genius beyond Genius. Gotta practice is medication habits.

33:46 - for young people!! Be humble, seek advice!!

If the Message is "diversification is key" then he is promoting MSCI world ETF?

49:50 agree Life is not like that

What is more interesting, Ray or the audience?

We are destine to repeat the past, over and over again.

Steady Dan

I really wanted to hear him respond to thoughts on crypto. I guess he doesn't have any.

Word of the day: analogous

"like crypto.." "haaa hahahaha" (are you kidding me). 44:55

audio is too low

The real question is this. If we could replay the history to 1937, what should US have done differently? The answer should be very useful for dealing with today's issues.

did he just completely doge the crypto question??? LOL

Ray Dalio has a computer program at work that evaluates and weights every member's opinions including his own. Instead of adopting his own, he follows what the program shows........

Tell me about Roger the hedge the Sword thé chap and the Horse

ray dalio generation ancient

33:10 ray recommended books

Anyone else noticed how he dodged the cryptocurrency question?!?? makes me think his fund is either invested or looking to invest

About will you’re all Righteous

Billions is based on Steve Cohen not on Ray, bad fake news question

And read: Generations or The fourth Turning by Neil Howe and William Strauss!! You could literally know what will happen until 2069 reading these books that will make you understand attitude and reactions in people or generations. A MUST!!

It's like the 1930's except the USA has no manufacturing base and most of the adults in the USA are on antidepressants or antipsychotic drugs!

Are you Canadian

What nobody’s told you what can one know

"Play the markets and then you will realise how difficult it is to be confident."

He gave us a hint 4 years ago and its happening. Dedollarization has begun, countries are trying to become more independent and since China, India, Africa and other developing nation have the potential for growth, we maybe witnessing a shift happen.

thank you sooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooo much for sharing fucking love Dalio

Robert De Niro sure has put on the pounds.

You don't have a true market if the Central Banks buys 15 trillion in assets.

Everyone loves Ray... and this guy literally ate your lunch on Wall St. "I love the way you took our pensions and I love the way you made my family homeless! OH THANk you Ray Dalio!"

Pride precedes a fall. Been there....... Done that!

Trading course at: grinfer.com/instructor/simone-siesto?referral=true

Get instructions followed the wise

46:27 - 50:25 < This is the secret for him, all the success comes from here.

18:22 - CREDIT INCREASES PURCHSING POWER, BCAUSE MONEY IS DEBT!!!

Joseph Campbell's Power of Myth is far superior than Hero with 1000 Faces. 1000 is very good; Myth is legendary. Read both...you...the reader of this message...yes you...order it now!

I can't believe someone asked him something as silly as a TV show. What a waste!