The Changing World Order & the Power of Diversification — ft. Ray Dalio | Prof G Markets

This week on Prof G Markets, Ray Dalio, founder of the largest hedge fund in the world, Bridgewater Associates, joins the show to break down America’s place in a shifting world order. He discusses the mechanics of the U.S. deficit, and identifies an asset he’d go long on to hedge against economically uncertain times. He also shares personal tips on how he developed a saving mentality long before he became one of the most successful investors of all time.

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Timestamps:
00:00 - Today's number
01:25 - Ad break
01:27 - Today's episode
02:36 - Headlines
16:05 - Ad break
16:10 - The Changing World Order & the Power of Diversification — ft. Ray Dalio
16:24 - Is the American empire in decline?
18:32 - How do you rank the factors of concern about the American empire's decline?
20:03 - What is your view on the deficit?
24:29 - How do you think our debt problem will play out long term?
27:33 - What are the opportunities in the current markets?
31:34 - What are your thoughts on Bitcoin?
35:01 - Ad break
35:07 - What is your take on the tech sector and the concentration of the tech winners?
37:27 - What is your advice to a 25-year old investor?
41:09 - What aspects of the American market are you most optimistic about right now?
44:07 - Algebra of Wealth

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[stevemolloy]

Ray is great at saying vague explanations.

[TheCharlesfm]

What a relief to see You're not self censoring anymore! thank you !

[MarcioSouza]

We're back with the solid intros!

[jptaillon]

Best investor ever!? What about Jim Simons at Rentech!? 38% a year net of fees for 40 years!! Ray is nowhere close… still nice to see him on the pod! Great work Pat!

[pirotrav]

The DAWG is BACK! That was a terrific intro. I much prefer the 'inappropriate' humor. Probably because it lends some sincerity to the whole thing. And more importantly it's hilarious!!

[NichoD]

You guys need to do more Fundrise 3 more at least

[alexjoh]

The humor in this show is more important than the news. Love it

[ryu_street_fighter]

Lots of hate on here for Dalio, not sure why. He knows his stuff, and more. People would be wise to listen to him, especially his views on China.

[simplysimian]

I completely agree that a savings mentality is vital to attain any degree of wealth. I’m a 68yo retired firefighter who started saving (or more accurately investing) in the early 1980’s. Once those dollars crossed over into the investment bucket, they were sacrosanct, never to be touched until well into retirement. I also lived below my means. Whenever my income increased, at least half went to my investments. I’d heard early on that you will never be able to stop working until your dollars start working for you. So, my dollars have been my bitches and I’ve worked my bitches hard (a joke). The hard part is changing your mindset after so many years. I have a seven figure portfolio and literally this month, I just started taking my first monies from my portfolio ($1, 000.00 per month) which is well less than one percent of my investment account. In full disclosure, I inherited $20, 000.00. I love your message and enjoy your missives. Keep it up.

[chicagofineart]

I really do appreciate how Dalio ends this interview, on an optimistic note, with timeless truths that have stood the test of time. His values indicate to me he has a heart and who knows, could become a real philanthropist and regret his sins on his death bed.

[rejoicejones]

Love love love Ray. His book Principles was like a daily guide for me as I built my company. It still is . Thanks Scott

[metamoonnn]

Prof. G Corp 100% doesn’t have an HR dept

[tomkk]

Prof G and Ray Dalio ... two of the top dozen or so of my favorite current thinkers.

[Throwingness]

Jim Simons is INARGUABLY the best investor of all time.

[DataSpook]

Super effin informative. Great no nonsense interview. Keep em coming.

[Yourmission]

I had two stocks that did a reverse split, astraspace and licycle, both looked good a couple years ago, I hodl’d and lost. Live and let learn, now I just do S&P 500

[autohelix]

After reading the book "The Fund". I am not going to take anything Ray says seriously. If you have not read the book you should.

[rhvre]

My main takeaway from few previous shows - Fundrise is the worst.

[shaangandhi]

Thank you Prof G and Crew. You make amazing content.

[Cpalms]

Four of his six top holdings are SPY, NVDA, GOOG and META...but hates the concentration in tech....and no gold. Says one thing but does the complete opposite. Might have been a good question to ask him? no?