Yahoo Finance’s Julia LaRoche sat down with Ray Dalio founder, co-Chief Investment Officer and co-Chairman of Bridgewater Associates to discuss capitalism, the wealth gap, why the education system is not working for some, millennials, bitcoin and more.
#RayDalio #Billionaire #YahooFinace
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This guys knowledge about Bitcoin is actually outdated. Bitcoin actually has a market cycle. That yes, makes it go up and down greatly, but people who bought Bitcoin 10 years are go are up almost 15,000 times now… If you cant see that it has gained in value, by a lot, well then you cant count, or have little sense. Just because you made billions of dollars doing one thing, doesn’t mean you know everything. Especially if it is relatively new in the world, well 10 years old, I guess that’s relatively new.
Upside volatility is also volatility.
Bitcoin will tend to go up more then 10X in a bull market cycle, than come back down nearly 80%. But it still has gone up more than it has gone down. 100k – 240k or around there is how high it might go up in the next couple of years, then its going to drop down to like 30k. Yes a lot of people who buy their Bitcoin above 30k and hold on to it too long are going to lose a lot of money. But this wont be forever, 4 years later, they will see their investment rise again.
He offers a lot of commentary but doesn’t offer many solutions……..except for obvious ones like education, keep your eyes open, think globally etc…
“There are no solutions, only Options”, Thomas Soule
im scared when ray dalio says reform capitalism …. lmao.
@Trey Dunn my bitch with these guys who give advice on what we should be doing for others is that you never hear them talk about what people have done with their money nor do they mention that people shouldn’t be blowing their money on wasteful things. They are always a “victim”.
@Daniel McKiski That’s Fascism!! the marriage of Corporate power with the State
@Daniel McKiski Exactly. They need to quit screwing around with interest rates, and allow failing companies fail.
@Jon the day will come when we as a country will allow companies to fail on their own. The issue then will still be which of the “chosen” will be allowed to stay on government life support depending on which party is in power.
@NuJake Travel He’s talking about a whole systemic collapse-meaning we all go down together.
Why are we disengaged in learning…more money…solves disengagement? more computers solves disengagement? more connectivity solves disengagement? What THING is going to solve disengagement? NO THING. Not nothing. NO THING. Engagement happens between people! What limitations are there for engagement? What people interact with children everyday…how is the engagement? How would you increase the engagement of people with those children everyday. MONEY and the THINGS MONEY buys…do pathetically little to improve engagement!
Excellent interview!!!! Julia has set him some great questions.
Capitalism needs an upgrade…it ruins the environment…ruins families…destroys small business…creates a debtor society..we need a new way.
Yeah you need socialism. Just give away your free market and freedom to embrace a tight government control.
the world economic forum is already working on that the call it The Great Reset
@Lean L I see no freedom in the present market …just huge corporations controlling every transaction
Losing investor money, lately???? Hey Ray Ray, your investors aren’t too happy with your recent performance.
he is the same guy who said that SPY March low is just the start of a bigger bubble. and SPY will drop by another 50pct right? then market started to rally and went to all time high after his prediction
Quick market pump on vaccine news
He has been winning for 40 years. What about you guys, lol?! Look at his net wealth.
Despite the economic crisis, this is a Still a good time to invest in Gold and Crypto
Seeing alot of success stories, he must be trustworthy and honest for people to talk this good about him, I wanna get started too
I wanna invest how can I get to Mr Donald Johnson?
@Braxton Tyler He’s available on WhatsApp
👇👇
@John J Placing my trade with Mr Donald ASAP
@Braxton Tyler Believe me he’s the best when it comes to Cryptocurrency trading, your profit is assured.
Capitalism with mercy for all. Not socialism for rich and tyranny for poor.
Government becoming god for the people. Better not say any heresy when you need the government for everything
“I can’t take my Bitcoin today and buy something with it”. Well, if they support PayPal, ya sure can Ray! And more to come
@Peter Lynch hedge fund managers macro view are much more longer than a few weeks
@LoLJustinShimizu Dont go broke not getting bitcoin is what I say! That inflation is a bitch!
Ray Dalio!!!! Educate yourself on Bitcoin and Ethereal. Gold is kinda hard to lug around.
ETHEREUM that is
You’re betting on a possibility, it probably won’t happen!
Waste of time
buy… crypto….
Top 40% vs 60% such a scam comparison. He is deflecting the attention from true wealth gaps of the 0.00001% and the rest. A very smart guy, on a campaign to try to avoid the spills of the privileges he has acquired. On a game theory perspective, his position is totally normal. But he has completely different incentives than 99.99999% of the population. He will promote a new system where a handful of untouchable people get to reallocate money for everyone. If you are part of the club, of course you desire that. But if you are not, the incentives to cheat are multiplied by the power you have. His principles book os great by the way. I respect the guy, but we don’t have the same incentives.
Nice video!! Very engaging from beginning to end. Nevertheless, businesses and investment are the easiest way to make money irrespective of which party makes it to the oval office.
How do I start trading with Mr Thomas Roger?
+1 6 5 0 6 1 6 4 3 0 3
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$UEC
Get in now going up
Very few shares left under a buck
old interview
Key metric at each level. Do we “earn more than we spend?”
Educate your children well, teach them to be strong and resilient.
TEACH THE CHILDREN MONEY!!!
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this is a interview of a Billionaire who profited as a Capitalist _who wants aspiring capitalists to stop making and saving profit also stop learning too much – because it creates opportunity inequality ..If those of us in the peasant class would just stop trying to get ahead and learn to get along ..how wonderful
Lol funny isn’t it 😂
Paypal and similar setups will make it possible to pay thousands of vendors with Bitcoin, Ethereum etc. As more money pours into Bitcoin etc. the less volatile it becomes. The genie is out of the box, it is impossible to outlaw Bitcoin. In other words Bitcoin is a great investment, just ask Paul Tudor Jones.
He’s still anti BTC. But here he doesn’t actually explain why.
Did u even watch the video? He made it quite clear
@Khai Ng he is clueless lol these old men don’t understand BTC and the future of finance
@Euro Jay Judging by your rhetoric, neither do you.
@Tristan Roodt yea let’s see if you are saying that when BTC hits 6 figures next August
Dalios comments very relevant with whats happening in US now. All that voting frauds, fake news media, corporate funded movements such as BLM & ANTIFA so on. These lies will not go on that far
Australia is doomed! It is over 1 trillion dollars debt, close to 2.6 Million unemployed not 2 Million, and housing foreclosures happening in higher numbers. Australian mainsteam media is bias and not independent só you cannot Trust any articles from Australian journalists. Just look around and ser the the number of business that closed down. It Will be even worse next year.
interesting. the greatest depression of our life time my be here
@Eric. M Yes. But Australia crunch Will happen next year when they remove jobkeeper.
@Freedom 300 the world economic forum is pushing for The Great Reset that’s the name they use for it. so this depression is going to be a global event i think. i’m from europe and things are fuckt up here 2
I wasn’t going to write a comment but….
I believe we are not likely to have a Civil War—I think we are definitely going to have a Revolution in the USA and Europe. Not next year but it is coming.
Bitcoin is definitely the new digital gold, its stored monetary energy and verifiable. So what if its not used as a currency it will most definitely be used to cut out underwriters in insurance policies or agents in escrow or replace an accountant in bookkeeping or be used to document titles on real estate and used for patents its the ultimate anti fraud
Interesting: rich are getting richer and government pays those with needs. Thus, middle class gets destroyed and the richest are fine. Shouldn’t the richest appreciate their gains and share it?…….Dalio: no way!
Trump is a middle class President and the Republican party is now the party of the working class!
What an irritating blabbermouth style speaker/hostess voice. Mute off now-captions on
Good interview, finally someone allows Dalio to talk without interrupting him.
Ray “Cash is Trash” Dalio (Jan 21, 2020)
Good interview by Julia La Roche. Her preparation is evident. Ray’s acceptance of the Federal Reserve Bank’s ultimate destruction of Bitcoin at any cost, is a tell to the inherent evil that prevails at think tanks. As I see the impotence of the press, befuddled government institutions, incestuous capitalism, along with the rise of militarism, I become disillusioned….. and bullish !
@Thomas McMillan Thank you so much, Thomas!
@Thomas McMillan Don’t!
I want to see Ray Dalio in the Treasury Chairman seat
She’s fine
It must be nice to make a fortune off of “other people’s money.”
That’s how stocks, loans, & business work
@Dre Ster They are more like parasites.
OPM that’s how this country was built on.
Monetary collapse is a mathematical certainty and once that happens we are no longer the reserve currency and are forced to manufacture stateside to purchase from the world. Expect 3X cost of living and wages to drop 50% following a depression and new industrial age that takes 10-20 years to recover.
I’ve been hearing this for 12 years. Give me a timeframe. Open ended projections are useless and masturbatory.
Hard assets are the only life raft here. Investing in foreign assets will fail as all boats will sink when this bubble debt pops.
Greatest wealth gaps, richest states (CT)- Yet they want to continue the Liberal policies that have been failing?
I’m sure it’s totally not related.
Excellent info! And this is how I also feel about BTC vs Gold. I’m afraid all the BTC/Crypto forget that there would not be a peaceful transition to a decentralized system. Although since I’m not sure, I do treat BTC as a speculative investment. Gold and king of money. Silver would be next. IMO.
Check out my crypto for beginner videos as well as advanced in depth technical analysis =) Take control
Why did it take you guys so long to post this to youtube? Why not just post it on the same day it happened?
Is this the same guy said that we will crash by another 50 percent during the March low and said that we are in a Major Major Bubble?
Lol…all these bitcoin experts in the comments section are just hilarious
Most of them are scams. But btc is really a good bet to make a lot of money. Will take time tho
Rahulji
@Sonny P I agree…but it can never be a stable currency because whales just pump and dump them every time
Holy crap! You can comment on a Yahoo article here!
Why are comments all about crypto? Calm down lol
It’s a strange fever Just like Tulips 😌😌
@Ellim Garak and the dotcom era lol
Cause it will fix this problem… eventually
his eyebrows were very distracting
I agreed with ray on many points just on Btc. Crypto is the future.
Ray Dalio you scoundrel. Again you will sell out millions of your fellow countrymen for personal gain. Shame on you. You won’t win
“Build our balance sheets?”
Have more assets and fewer liabilities. Spend less, save more.
Are you even an American ?
You literally speak as though you are so detached from the society you’re describing.
These old guys still don’t understand bitcoin smh
He doesn’t understand anything. He predicted the gold bull run, and put a total of 5% of his fund in Gold. WTF is the point of that? This clown is down big this year.
@Boss man he’ll be right over the next few years
“I’m not optimistic that we can get there …. i do know that we can get there if people are fearful of the consequences of not getting there.”
$UEC let’s goooo
The future is all about digitalization, so I will prefer Bitcoin to gold. Real gold is as useless to me as Bitcoin, but Bitcoin has better qualities because it is digital.
Except after a solar EMP.
6:58 I don’t see cutting expenses as “a problem,” I see massively cutting government spending as the least worst option.
Nice interview with good discussion
I was motivated by all this videos and with the help of Mr James Noah <> am making a nice trade
@Williams Mark i will like to trade like you
Hope that am free to email him ?
@Brad Martin Yes
20:27 He is speaking about Trump right there.
He LooKs Like a Weasel
Digital currencies will complement it, and with duration I believe will become a better means of store value compared to a bank account. Digital currencies are kind of like stocks/currencies combined which a excellent model and keeps the currency hard.
Over time crypto will become less volatile as it gains maturity, but for now of course it’s going to have its fluctuations. Be interesting to see where we are in a few years time I know big corps and businesses are looking into blockchain it’s the future in my eyes. I can consider gold but at the same time this is a new time crypto is the new gold for our generation.
Why didn’t Mr Dalio run for the White House??????
Haven’t seen such a great interview in a while. Great questions from Julia, no interruptions whatsoever, letting Ray do his story. Thumbs up!
This man does not know what he is talking about, when it comes to Bitcoin.
Ray “CCP”Dalio
Message to the left, f u. F lying crooks
Superbly clear. Great interview!
Nice interview…but I always wonder why (and it happens to many well educated people quite frequently) when remembering old empires, Spanish Empire is out of the equation.
In terms of reserve currency he moves back 500 years, well…he mentioned the rise and decline of dutch empire??!! and its reserve currency, the same with the British Empire…. but he forgets the Spanish Empire, and its reserve currency that lasted for a few centuries, the Spanish Dollar!!! known as well as the “Piece of eight” “Real de a ocho”, “Peso duro”, it was a silver coin worth 8 spanish reales. It was minted during the Spanish Empire around 1497.The Spanish dollar was the coin upon which the original US dollar was based, and it remained legal tender in the United States until 1857. Because it was widely used in Europe, the Americas, and the Far East, it became the first world currency by the late 18th century.
One last anecdote; The pricing of equities on U.S. stock exchanges in 1⁄8-dollar (Piece of eight) denominations persisted until the New York Stock Exchange converted first to pricing in sixteenths of a dollar on 24 June 1997, and shortly after that, to decimal pricing.
In any case, it’s true that any fiat currency soon or later will be wiped out.
Moreover,….if anyone type in Wikipedia ” Reserve Currency”… there is no a single word about the spanish dollar, or piece of eight. Not a single mention of the Spanish Empire…….
Damn it!!..Spanish Black Legend happens to be true…….
Thanks for calling out Connecticut sir! My taxes are super high and I don’t see where the money is going! And I’m obviously upset!!!!
You’re not alone. Hopefully you have a company and can write off a lot of your life.
So everyone’s saying he doesn’t know a thing about dear ol Bitcoin but then don’t actually address any of his points concerning it hilarious
OK, let me address his points. He says bitcoin is not accepted to pay things. This is actually not true, it is widely adopted. Also this is not the main purpose of bitcoin, similarly to gold (and with gold you cannot buy anything, you must convert it to fiat first). His second point that it is not a store of value and is volatile, it is wrong. It is store of value with capped supply and currently is volatile because it is new and needs time to have the market settle on a price, but in time it is becoming less volatile and history shows its a good investment and is also asymmetrical. Dalio says diversify which is all what bitcoin is about – no one is saying go all-in bitcoin and risk loosing 30% in a week. But if you put like 3% in Bitcoin and loose risk loosing half due to volatility you also have a reward perspective that is asymmetrical (it can go up 10x in the next few years – it is up 6000% since 2015). So in the long term it is a good investment store of value vehicle with asymmetrical characteristics. Regarding the 3rd point that governments can outlaw it – he also said that they did it with gold. The difference is that bitcoin is global and cannot be confiscated like gold as it is virtual. So this is why so many big investors are buying bitcoin and companies are converting cash reserves to bitcoin (like Microstrategy company).
Btc is not a currency yet! Why would I want to pay my starbucks with btc? Its too valuable and scarce to make microtransactions like that. He says he can pay with btc but what wrong with converting to USD right before? Btc is not going to replace the USD it will be an asset that trades inversely to it. And USD has a good track record of going down haha.
@Sonny P it never will be is the point. It is a digital version of gold except even less functional
@Andrew Ballinghoff lol thats a comic relief. Never say never tho
So basically left winger marxists in blue states blame, and chide everyone else for wealth disparities in America, while they are the ones principally responsible for creating and perpetuating it. Thank you Ray, for such an easy fill in the blank statement on wealth disparity. When it gets right down to it..public unions play a big roll in preventing better education for the disadvantaged, in their war on charter schools.
Ray Dalio is a part of the new world order cabal and his company is subscribed fully to Agenda 21/30 goals. He is telling you that China is the new world order. He is acting like he is a historian, but he is helping to bring this reality into being.
He is calling for less free market and bigger government and central bank control. This is monetary policy 3 which he said “we need.” Super rich get richer, everyone else is reduced to low common denominator
I think Ray’s ideas about Bitcoin are a little outdated. Bitcoin is not a payment system. It’s to store wealth.
Not today ray,will watch later
Don’t you think it’s ironic, that Ray dismisses Bitcoin right after he preaches that you have to be radically open-minded and that the future will likely be very different from the immediate past. I like the guy, but for someone radically open-minded I felt his comment to be quite shortsighted.
Ray Dalio just completely ripped off Neil Howe and Bill Strauss’ whole generational theory. What a scumbag.
Who remembers when ray lobbied the state of connecticut for special treatment of capital gains at bridgewater ✋
I respect Ray, but I don’t necessarily like that he keeps talking about a new world order..
Technical issues aside, could/would politicians ban Bitcoin & lose votes?
Great interviewer. No interruptions. Great continuation questions. Great topics and moving to new topics at the right time. Great job.
Good interview but I guess noone has told Ray that crypto currencies are already a success and do not require approval from him or anyone from wallstreet.. Lol the future is already here and gurus like Ray will soon have to adapt and adopt if they want to preserve their relevance.
So what he is saying it’s the those who have and those who have not. That’s the civil unrest that is coming.
Don’t trust this snake head !!!
LOL I wish I had some of those risky assets two weeks ago when stocks were cheap.
Long BITCOIN…short the Banks.
Imagine you recieve $100,000 in inheritance. You diversify your investments from bitcoin to stocks,and commodities, etc, with a 10% monthly interest rate, and leave them there for 5 years. You may think that this will return 120% x 5 which equals 600% > $600k. But the real answer is 1750%> $1,700,000
A 10% annual return might seem tiny when you are not factoring in compound interest.
@Benjamin Franklin GENIUS
It took me a while to understand, are you a stock broker?
@Melissa Friggoh I am learning from my investment advisor *Maria Giovanna Lupu* , so far I know the basic stock market information and she has helped me earn more than i expected. I hope to reach 7 figures soon.
Recently, I started seeing several YouTube videos that deals on how to trade in the stock market but haven’t made any major progress because they are either talking trash or sharing their story of how they made it and I do not want to make mistakes by taking risks in my own hands to avoid any loss.
@Shondrella Avery No, I haven’t, would be very grateful if you can point me the right way.
@Rebecca Allyne Well, My portfolio is managed by an investment adviser in Kansas working with WADDELL&REED, you can look her up online. Her name is Agatha Christine Robinson, She is quite known for her good works.
I am new in the stock market and one thing i have learned so far is that nothing beats first hand experience, that’s why one must invest with the guidance of a financial mentor.
@Shondrella Avery Thanks for sharing, how much profit have you made so far?
@Rebecca Allyne I have traded up to a million dollars worth of financial assets with her help, she showed me the ropes and I let her handle my account afterwards because I made certain rookie mistakes.
We need the National Economic Security and Reformation Act released …now !!!
Ray is a dinaore 🦕 he just doesn’t get it re crypto especially Bitcoin. The crime against humanity has been played by the banking system, politicians and wall Street. Time for a change Ray!!!!
He’s wrong about bitcoin. It is a store of value. Boomers will learn in time. Warren Buffet didn’t understand big tech. These guys don’t understand digital scarcity.
I really appreciate the return to reflection upon history. As one who has taken a keen interest in the monetary histories of civilizations o’er the past decade, sharing this knowledge has been upon deaf ears of those under a belief of the exceptionalism of modernity. The cycle of gold-fiat-lead is told repeatedly over and over again. From the Rosetta stone, the tablets of Hammurabi, and the works of Solon of Athens, all the way to the 3 central banks of the United States. With the internet in hand, a new hope for disseminating these narratives so we are less likely to repeat them.
Earn more than you spend and invest the difference wisely
My take is he doesn’t believe digital currencies would succeed for the reasons he mentioned…. very interesting.
Thanks Ray!! It takes Ray Dalio to explain what I’m trying to tell others who don’t understand, cheers mate 🙂
Ray Dalio’s eyebrows are placed in rather odd ways upon his face.
Lol…all these bitcoin experts in the comments section are just hilarious
Welcome to Bitcoin Ray. Yes, you already have. Come.
I agree that the GREATEST inequalities (of equal opportunities) are in Education. Not because there aren’t any suitable infrastructures/facilities/teachers, but because the people who need Education the most are the least likely to make use of it, let alone value it.
When the bottom 60% is too busy getting distracted from its parenting duties (i.e chasing money 24/7, slaving at low-quality jobs, leaving kids unattended, disregarding teachers’ recommendations, ignoring local/global societal changes.), is it any wonder the majority of low-income family kids are unequipped for school, community participation and social life at large?
And no, the answer to this sort of disengagement is NOT more money. The answer is knowing what to value and striving for it to improve your living conditions. the answer is ACCOUNTABILITY. When people choose to value money at the expenses of their children’s future, they are making a choice that will bite them in the a$$ later on, but that’s their own will. They are not the “victims” here, they are simply following their own chosen path and must be ready to be face the consequences.
I don’t think society should be blamed for individuals’ choices, especially with the deluge of information, guidance/counselling available to each and everyone left and right, whether on the internet or at affordable price via private tuitions. As we say in Africa: “Chacun s’asseoie, Dieu le pousse.” (i.e Do you best and God will take care of the rest).
It’s painful to watch, Ray’s so thesis-locked in his ideas about public spending and need to comparing current times to this or that past crisis, it felt cringing at times. If there is “public debt”, who owns the debt, Ray? It seems it takes the extreme measures imposed by the pandemic to start letting the point sink in – a sovereign currency issuer government is not the same as managing a household budget.
I am always trying to make that point. Cash and savings are two bets (!). A bet on high interest rates and a bet on low inflation.
I have been trading for 8 months now and tbh my story has been far from being a success. been accumulating losses like it was the intended results. even the few wins i had still make no sense to me. I feel like I am missing something, like a bigger hidden picture to this whole stuff. at this point, any help is highly welcome guys
@Dr. Vlastimir Beršnak how do I get in touch with her? I am very interested in this
@Edward Ratcliffe just look her name up maybe in google. she has a website that will definitely pop up where you can leave her a message. she’s popular so her website won’t be hard to find
@Dr. Vlastimir Beršnak what you have said so far about this Angela Dawn Hughes is quite interesting. are her services available outside of the US? I will like to check her out too. could use a little help myself
@Dr. Vlastimir Beršnak Thanks man. I found her website after looking up her name as you advised. I have already written her an email. I hope she replies as soon as possible. she seems credible. I am feeling enthusiastic about this as it is. I gotta make something work before this year closes off
@Jim Colsby yes. I can say that because I reside outside the US. Australia to be precise. you can hit her up too if you feel the need to
Dalio comes across as a nice guy. But in the end, he is up to his neck in this manipulated capitalism for the benefit of the 1%. You can hear his guilt.
So the people that screwed up the system for the benefit of the few, want to keep control and hand out UBI to the ones they economically destroyed. And the sheep say….baaaaa