I really enjoyed this conversation with Ray. Here's the outline: 0:00 - Introduction 2:56 - Doing something that's never been done before 8:39 - Shapers 13:28 - A Players 15:09 - Confidence and disagreement 17:10 - Don't confuse dilusion with not knowing 24:38 - Idea meritocracy 27:39 - Is credit good for society? 32:59 - What is money? 37:13 - Bitcoin and digital currency 41:01 - The economic machine is amazing 46:24 - Principle for using AI 58:55 - Human irrationality 1:01:31 - Call for adventure at the edge of principles 1:03:26 - The line between madness and genius 1:04:30 - Automation 1:07:28 - American dream 1:14:02 - Can money buy happiness? 1:19:48 - Work-life balance and the arc of life 1:28:01 - Meaning of life
@davidsobell4 жыл бұрын
Time to quit your day job and go full time on the podcast yet? I mean Elon twice, Ray Dalio... Who next? Bill Gates? AI Jesus?
@davebrookfield6294 жыл бұрын
Lex from listening to your chat with Ray about Automation & the American Dream, do you have any plans to interview Andrew Yang?
@minhquando1004 жыл бұрын
You should bring Peter Theil onto the show in the future. You ask great questions, he's a one of a kind contrarian.
@RobertMHelbig4 жыл бұрын
@@davebrookfield629 Yes, this would be an amazing interview!
@VRreando4 жыл бұрын
Ray Dalio talking nonsense 37:37 ... Biccamera is the third largest electronics and home appliance retailer in Japan , they also sell clothes and food www.biccamera.com/bc/c/info/payment/bitcoin.jsp Bitcoin Is World’s Best Performing Asset Class Over Past 10 Years , even this year finance.yahoo.com/news/bitcoin-2019-best-performing-asset-103057442.html
@richitsengupta93634 жыл бұрын
Amazing podcast. Pls invite Peter Thiel .
@Patrickmwai874 жыл бұрын
YES
@ausroy0874 жыл бұрын
@Dick Fageroni unnecessary
@avinashdwivedi20154 жыл бұрын
Marc Andersson too
@CedricYarishVideo4 жыл бұрын
Yes please
@mozkhan1114 жыл бұрын
Yes!
@codeadict4 жыл бұрын
Would love to see an interview with neuroendocrinologist Robert Sapolsky.
@erfanebrahimi97484 жыл бұрын
That would be awesome.
@88HaZZarD884 жыл бұрын
Yes !
@PhilippeLarcher4 жыл бұрын
Yeaah
@edt85974 жыл бұрын
Please Lex get that most modest of modern intellects Haven't heard *from that reclusive giant for some time Every body learns some counterintuitive stuff wherever they man speaks, including interviewers
@monikafl22674 жыл бұрын
or Daniel Kahneman (but he is around 80s I'm not sure if he still give a talks)
@mescellaneous4 жыл бұрын
this became the smart people podcast. now everyone wants to be on it..
@CromwellCutaran4 жыл бұрын
The caliber of recent guests (let alone all of 2019) has left me starstruck... Lex, thank you for crafting a format that allows these great thinkers to maintain their desired level of candor yet ponder/answer each question in its entirety. I feel this is exemplary of how they naturally think through topics (both technical and poetic 🙂) related to their intellectual pursuits.
@malcolmxbegovic39952 жыл бұрын
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.
@SciBlink4 жыл бұрын
❝You form your dreams first, and you can't judge whether you're going to achieve those dreams, because you haven't learned the things that you're going to learn on the way toward those dreams.❞ Amazing interview and guest as always, Lex.
@malcolmxbegovic39952 жыл бұрын
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.
@anirvachanballal42444 жыл бұрын
It would be great if you got Peter Thiel on your podcast.
@nazardplus85962 жыл бұрын
I was just thinking about that, and your comment miraculously showed up!!!!
@fitonation3 жыл бұрын
"What's common, produces only common results" - Ray Dalio Insightful conversation. Thank you Ray Dalio and Lex Fredman
@temprd4 жыл бұрын
This podcast consistently blows my mind in terms of guest selection.
@lequochoan93153 жыл бұрын
The caliber of recent guests (let alone all of 2019) has left me starstruck... Lex, thank you for crafting a format that allows these great thinkers to maintain their desired level of candor yet ponder/answer each question in its entirety. I feel this is exemplary of how they naturally think through topics (both technical and poetic 🙂) related to their intellectual pursuits.
@bobbymainz1160 Жыл бұрын
Some economists have projected that both the U.S. and parts of Europe could slip into a recession for a portion of 2023. A global recession, defined as a contraction in annual global per capita income, is more rare because China and emerging markets often grow faster than more developed economies. Essentially the world economy is considered to be in recession if economic growth falls behind population growth.
@oneiljerry9460 Жыл бұрын
My main concern is now how can we generate more revenue during quantitative times? I can't afford to see my savings crumble to dust.
@stephaniestella213 Жыл бұрын
It's a delicate season now, so you can do little or nothing on your own. Hence I will suggest you get yourself a financial market expert that can provide you with entry and exit points on the securities you focus on.
@alexyoung3126 Жыл бұрын
Very true! I've been able to scale from $50K to $189k in this red season because my FA figured out defensive stratgs which help portfolios be less vulnerable to market downturns
@kimyoung8414 Жыл бұрын
@@alexyoung3126 could you please tell me how to reach your coach? because I'm seeking for a more effective invstment approach?
@alexyoung3126 Жыл бұрын
@@kimyoung8414 HEATHER ANN CHRISTENSEN is the coach that guides, you probably might've come across her before I found her through a Newsweek report, she's quite known in her field, look-her up
@gbking9114 жыл бұрын
Gradually becoming one of my favorite podcasts.
@thecanopenerpodcast85754 жыл бұрын
@Tom Tizya the portal boi
@ArchetypeFTW4 жыл бұрын
@@thecanopenerpodcast8575 True Eric Weinstien is a beast. Do you know any other podcasts like these two?
@mozkhan1114 жыл бұрын
So true
@harrypidd47554 жыл бұрын
This interview was fantastic. I've seen a few interviews with Ray Dalio and Lex has asked the best questions to elicit valuable insights from Ray. Lex also gave Ray ample time to express his thoughts to completion. Well done.
@malcolmxbegovic39952 жыл бұрын
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.
@seanfitzgerald42074 жыл бұрын
"you have to appreciate all the different ways of being A-players" YES! so true!
@fedsummer904 жыл бұрын
oh my gosh!! This podcast is super awesome!! I'm proud of myself and everybody here following since the first episode!
@FranzVonGaart4 жыл бұрын
My first time watching you Lex. This was a great interview. You're very humble. You come across well; and you got probably one of the best interviews out of Ray Dalio. You should be very proud of yourself. Keep it up!
@malcolmxbegovic39952 жыл бұрын
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.
@GeoffreyProfessional3 жыл бұрын
Just a beautiful conversation with so much to take away. The best one is taking the time to write down your decision criteria in words when you're about to make a decision or when you're just past making a decision which will then become a principle. Loved it. Thanks, Lex!
@Techcypherpunk3 жыл бұрын
Recently found out about your podcast, and I must say, this is absolutely amazing. Honestly just WOW! I have never seen the quality of guest and information from different backgrounds on any other podcast. I have only watched a few episodes, but I’m truly amazed by your work. Keep up the good work.
@markminshull29184 жыл бұрын
Fantastic interview Lex. I am a massive fan of Ray Dalio since reading Principles and applying some of his profound wisdom. Thank you for your dedicated efforts to make all these amazing podcasts available to the world. You have great skills as an interviewer and I encourage you to keep on striving. I have learned so much from your podcasts and I look forward to each new guest with great anticipation. You are improving the future of the world. Big respect! Mark.
@Riggsnic_co11 ай бұрын
Great video, I've been interested in investing ever since I came across articles of people making up to $150,000 and more in this period, thanks for the video but is it really possible for a retail investor to achieve this in months?
@lipglosskitten261011 ай бұрын
I've purchased numerous stocks in individual firms. Because there are so many stocks that will skyrocket in the long run, it is currently safe to buy in on ETF and ride it out. Due to fud, I sold out early, but then retraced my ways and re-invested $350,000 with a financial advisor who manages my account. I received an 82% return last year and will see where it goes this year.
@Oly_laura11 ай бұрын
that's quite impressive, you surely made a good bit of money. I myself invested in warren's BRK-A stock quite pricey but totally worth it.
@hermanramos709211 ай бұрын
@@Oly_laura 'Catherine Morrison Evans’is the coach that guides me. She’s a verified coach and she helped me see that returns can be made in both bull and bear markets. She covers things like investing, insurance, making sure retirement is well funded and looking at ways to have a volatility buffer for investment risk, lots of things like that.
@Oly_laura11 ай бұрын
@@hermanramos7092 thanks for sharing this, I am in conversations with your advisor, and she really has substance, having interviewed her properly and reviewed her model, I am hoping she takes me on quite seriously too
@cmw37374 жыл бұрын
Another video worth watching multiple times. So much wisdom that Dalio is sharing here.
@tahasalim91584 жыл бұрын
I cannot like this video enough, thank you Lex for doing this. Even though the start was a bit rough and perhaps I'd prefer you take the time to dwelve deeper into his thoughts on the specifics more than what money is, I understand the time aspect can be challenging. Its great seeing you evolve in your podcast experience! You're gaining confidence and it shows the more videos you put up!
@do31764 жыл бұрын
OMG, definitely didn’t expect Ray Dalio on your podcast, Lex! Kudos!
@GordoNLuv4 жыл бұрын
Jeeesus man you're killing it lately! Great guests and great job overall on the pod!
@fabriziot34044 жыл бұрын
"Evolve and contribute to evolution"....it's fu**ing incredible how he managed to put into a principle even the meaning of life!! Blown away...thanks a lot for this content 🙏
@pierrebeaini3 жыл бұрын
I've watched almost every recent interview with Ray; this is one of, if not the best. Thanks, Lex!
@aishajackson504 жыл бұрын
First time watching/listening to this show. Great questions and Ray doesn't let any detail go unchallenged when necessary. Love this interaction.
@dopefi58914 жыл бұрын
probably one of the best podcasts on youtube right now. Amazing work Lex.
@ja-cz7iw4 жыл бұрын
Hi Lex, I enjoy your podcasts. Is this possible to get Nicolas Nassim Taleb and Daniel Kahenman on your show. Thank you for all the discussions and knowledge sharing Lex.
@tyfoodsforthought4 жыл бұрын
I would be surprised if they were not on his list. Please and thank you, Lex.
@TheLiquidpsy4 жыл бұрын
When will the youtube algo pick you up and recommend it to everyone ? It needs to happen! Your podcast are just amazing! Love all the guests lately
@pranayrai19374 жыл бұрын
Good Job on the interview man! I've seen most of Ray's interviews and this indeed is one of the best!
@alwaysevolve85944 жыл бұрын
He’s been everywhere lately and I am grateful 🙏🏼 found him bc of it
@juanlaino989311 ай бұрын
I have attempted to meditate many times in my life and prior to this CD the only success I've experienced is with live guided meditation. kzfaq.infoUgkxzpa8CIfZcihW4Z0F_ja0QF3W9KIatrsq This is the first CD I've used that cuts through my unmedicated ADHD and enables me to truly relax and experience a quiet and energizing interval. The instructors voice is very soothing and pleasant to listen to. I am easily able to sit successfully through the entire CD, and for quite some time after. I cannot adequately express how tremendously helpful this CD has been on my spiritual journey!! Two thumbs up and 10 stars!
@abcdjhffkuggf3 жыл бұрын
I was very surprised to hear Ray Dalio's answer about the limitations of AI, it's actually one of the better explanations I've heard - and I'm a software engineer
@alexandraalan13514 жыл бұрын
This is the best interview I have watched so far with Ray Dalio. Lex, your questions were brilliant. Please stop saying that they are dumb. However, I understand that most probably you were starstruck by Ray Dalio, who is a genius. Thank you for this material and for the wonderful job you are doing.
@Yoko47974 жыл бұрын
Please keep your podcasts unedited to a certain degree as you did here. Loved this one
@swissmessage3 жыл бұрын
Lex. One of the best Dalio interviews I have ever seen! Great Job. Thx Stefan
@Leipage4 жыл бұрын
Great guest and great interview. Ray is a brilliant mind and I’d agree that everyone should take the time to watch his videos and read his writings. Principles is especially good.
@lPelado4 жыл бұрын
It's hard to believe this is free. You're amazing Lex. Thank you so much.
@mikeye94 жыл бұрын
Amazing lineup of guests.
@ffckode4 жыл бұрын
OMG man. I don't know how you get these interviews, but it is pure gold. Thanks for sharing!! Greetings from Brazil.
@davetheisen942610 ай бұрын
That loop he talked ab in the beginning is such a good way of describing how to learn to code. I’d been doing that but not knowing it or how to articulate how to learn fast
@2hard2find9 ай бұрын
I love how Ray looks like he's about to stand up at any moment during the podcast.
@fotoyartefotoyarte10444 жыл бұрын
I can't believe this, thank you so much! I love Dalio and i've been following your podcast, bit I never thought you would bring him in, this is AMAZING
@georgemaximus6944 жыл бұрын
Wow, you ask very good questions as an interviewer. I had a great time listening to this podcast. I have watched many ray Dalio videos and talks but this has to be the best! Exceptional topics.
@andreasalmen10673 жыл бұрын
Amazing, thank you both Lex and Ray for your contribution of knowledge and thoughts on relevant and intricate topics! Pure pleasure!
@alexwhb1224 жыл бұрын
Awesome talk! Ray is very insightful. Keep the great interviews coming. 😁
@1.21gigawatts4 жыл бұрын
Finally an interview with Ray Dalio that doesn't ask the same questions as all the other interviews with him. On top of that, your questions are so simple but so deep. Thank you Lex!
@dymka20064 жыл бұрын
the most intelligent questions I've heard Ray answered in a long time that I've been following him. well done lex
@lstan4444 жыл бұрын
Thanks you for your hard work this interview was one of your best pieces of work. So much detail that I needed to listen to it again.
@Katy-ye1zr3 жыл бұрын
Respects to guest Ray Dalio and Lex Fridman for a lineup of excellent questions to which RD answered thoughtfully for us to understand but I will have to listen to this again. I did download the Principles in Action PDF it looks well worth readable and I'm several pages in already. Thank you.
@PippyPappyPatterson4 жыл бұрын
If you can get Peter Thiel on the podcast that would be rad!
@oliverschubert82424 жыл бұрын
Excellent podcast, best selection of interviewees💫.
@cesarchiarelli80392 жыл бұрын
After I’ve got this video of how economics machine works, I had the same feeling and doubts about what liex just asked. I even watched the same video about 5 times. Thank you so much for this ep, it was a of amazing value. Blew my mind.
@RobertMHelbig4 жыл бұрын
Please interview Andrew Yang
@zacharycedeno66384 жыл бұрын
YANG 2020
@jean-baptistesay69414 жыл бұрын
Yang is a perpetual failure. Failed econ grad, failed lawyer, failed entrepreneur, failed nonprofit organizer, and failed politician.
@jamesgillis81224 жыл бұрын
glad to see the diversification in guests, comp sci people tent to be hard to listen to sometimes, despite their smarts.
@thoyo4 жыл бұрын
1:03:12 "What I mean by spirituality is a connectedness to the whole." Beautiful definition
@reddragon23354 жыл бұрын
Yes. :D
@88HaZZarD884 жыл бұрын
Congrats. Awesome questions and guests. One of the best podcasts around
@dentarthurdent424 жыл бұрын
Fantastic and fascinating interview, thank you Lex Fridman and Ray Dalio!
@Matthew-do3zg3 жыл бұрын
Best interview I have watched. Especially being a fan of Ray Dalio's. Thanks Lex!
@oleksiisodolinskyi73894 жыл бұрын
Thank you Lex Fridman and Ray Dailo for a great interview.
@DrProgNerd Жыл бұрын
I've seen the videos that Lex mentioned in this podcast - they're brilliant. I'm reading 'Principles' now and it's not an exaggeration to say it may be one of the most important books I've read.
@talk2yuvraj3 жыл бұрын
One of the wisest guest ever on you podcast, Lex. Wow! Loved this.
@martinmuldoon81664 жыл бұрын
Just watched "How the Economic Machine Works" as you recommended. Ray does a fantastic job breaking down the economy. Fantastic! Thank you and Ray!!
@malcolmxbegovic39952 жыл бұрын
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.
@supersnowva67174 жыл бұрын
Well done Lex! Thanks for the education.
@uncommonsense60224 жыл бұрын
This podcast is so damn value add. Love it. More people will start watching this.
@andrewpotapenkoff77234 жыл бұрын
I found this channel very inspiring. Lex, you doing a very good and particular job in terms of human evolution.
@TheDRAGONFLITE4 жыл бұрын
First Noam and now Ray, you're on fire Lex! Keep em coming!
@jaimenavarro2223 жыл бұрын
Man, I’m so grateful for lex’s work I don’t even skip the ads
@mozkhan1114 жыл бұрын
Omg all the guys I found interesting you have them on interview how did you do that lol. So glad I subscribed to you
@ddlosrios3 жыл бұрын
Just ended seeing this today & saw the news of his son being killed ina car crash. Life is so fragile and transient that one only can hope to have as much meaningful moments with the people you love in life because the economy and other stuff is in essence trivial when you think about it. Wish Dalio much love and fortitude.
@dustinbehnka45893 жыл бұрын
Thank you so much for bringing on Ray Dalio!
@betauser62334 жыл бұрын
First time watcher. Love it so far! Will defiantly continue to watch!
@offtheedge18964 жыл бұрын
It's amazing in whole! but the Arc of Life is in itself worth watching again and again.
@fuckgooglealldayallnight9304 жыл бұрын
I have had respect for you ever since I heard you ask your first question. Keep doing what you doin brotha!
@gerasimpalachorov53254 жыл бұрын
Such a great guest, I love this guy!
@ChrisZExp3 жыл бұрын
This is really very meaningful conversation! Love it.
@kylecollins10454 жыл бұрын
Noam and now Ray?! This is awesome. Surprised this doesn’t have more views.
@senamuku3 жыл бұрын
56:42 - Why you need principles Thanks for this interview, probably one of my fave RD ones so far!
Wow this was great!!Watching this December 2020, and so lots of people have interviewed Dalio and I mean really crappy interviewers. Lex you are the best at interviewing people
@Shreds1114 жыл бұрын
Good on you Lex! Yang gang 2020
@roberttatum28264 жыл бұрын
this person is extremely amazing....we can learn from this guy
@stlouisix34 жыл бұрын
This is gonna be a great video between Lex Fridman & Ry Dalio
@SlashcamStudios4 жыл бұрын
Valuable information, deeply value this podcast. Thank you.
@shubhamz24649 ай бұрын
It’s 3 year old video and yet Ray was futuristic in his views. Great Podcast
@e75short144 жыл бұрын
Thanks for this wonderful youtube channel!! ♡
@namoroman6664 жыл бұрын
Respect Ray so much. Great interview. Huge inspiration. Thanks Rex.
@rexlomax4 жыл бұрын
Dude!, Thanks a lot for this interview.
@ouimetco3 жыл бұрын
Yes Lex I agree with you on “how the economy works”. I watched it a few times. Wish I had this basic information at 10 years old. Thanks for your incredible program too. Cheers
@malcolmxbegovic39952 жыл бұрын
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.
@PyjamasBeforeChrist4 жыл бұрын
Yang Gang 🧢 watch from 1:04:30!! Ray is onboard!!
@reptoid38664 жыл бұрын
No he SEEMS to be but listen closely. he takes a long way around to say that it should go to those who deserve it and will use it wisely. its the same double standard cause we dont care what the stockholders do with with their dividend checks yet joe average has to be held to a higher standard.
@PBTKaizen Жыл бұрын
His video on how the economic machine works is phenomenal!
@evanstair15474 жыл бұрын
absolutely fantastic! gotta love Ray. thank you Lex
@abrahamcalderon70783 жыл бұрын
Dude great podcast! 25 mins in and I'm glad I came here
@kirstinstrand62923 жыл бұрын
Dalio: One of the very few Wise and Sane Men on Wall Street. An Honorable man.
@JD-im4wu3 жыл бұрын
Love your podcast man! Underrated! The Joe Rogan podcast that is Nerd and Geek Friendly
@Rob-ip1km Жыл бұрын
Ray Dalio. You sir, are nothing short of genius! Thanks for the gift of sharing your intelligence with us and teaching us.
@carvalhoribeiro4 жыл бұрын
Awesome podcast. I like the idea that AI is beyond deep learning and ml models.
@lonesaiyan273 жыл бұрын
This is such a good talk, thanks for sharing this convo Lex
@vimalcurio3 жыл бұрын
Wow 😮 ray articulated money so good like it was a fabulous explanation of relationship between money and happiness I ever heard in my entire life 💯
@Robert-dt3is4 жыл бұрын
Amazing to get Ray on the podcast!! Need to get Andrew Yang on! Would’ve loved to have heard Ray’s opinion on UBI