Billionaire Ray Dalio Predicts The Next Big Market Crash

Ray Dalio interview with Patrick Bet-David. Download the Principles app apple.co/2Kkmhq6
Get the book at Principles.com: bit.ly/2CI2Svh
Read the Capitalism paper: bit.ly/372COsE
About: Raymond Dalio is an American billionaire investor, hedge fund manager, and philanthropist. Dalio is the founder, Co-Chairman and Co-Chief Investment Officer of investment firm Bridgewater Associates, one of the world's largest hedge funds. Bloomberg ranked him as the world's 58th wealthiest person in June 2019.
Music selection used through agreement with Epidemic Sound bit.ly/2B8DxK1
Share your thoughts with Patrick Bet-David by texting 310.340.1132 or send a tweet to Patrick / patrickbetdavid & Ray / raydalio
There are many life lessons to learn from someones story. Subscribe for all future notifications bit.ly/2aPEwD4 and to see who shows up on Valuetainment next.

[@VALUETAINMENT]

Download the Principles app: apple.co/2Kkmhq6 You can also share your thoughts with Patrick Bet-David by texting 310.340.1132 or send a tweet to Patrick Bet-David twitter.com/patrickbetdavid & Ray Dalio twitter.com/RayDalio

[@masternobody1896]

Ok I am ready for the crash I will buy all the books

[@Christoph877]

ETA for the Android/Google Play release of this App? Looking forward to it 😎👍. Thank you

[@TransformationWithinYou]

This is very good, I wonder what’s the China version of Ray Dalio

[@SohrabAlborzian]

Valuetainment I don’t understand what Ray was saying that we are capitalists because entrepreneurs start businesses from the bottom up...as far as I know you have to go and get licensing from government (top down) and do business. Bottom up would mean I can start selling now without anyone’s permission doesn’t it?

[@siajaan]

Valuetainment great interview I liked it. It should have part 2 to finish Ray’s idea of education. Private education or state owned education.

[@alderinerush]

What a time to be alive. I can just pick up my $100 phone and I can hang out with PBD and Ray Dalio.

[@flamemojis]

Amen!

[@radcow]

That's a great way of thinking my friend

[@VALUETAINMENT]

Great times. 2020 will be the beginning of the greatest years.

[@flamemojis]

@@VALUETAINMENT yes! Hopefully.

[@Katana_00]

Siddharth Sharma still broke though

[@somphathaip3606]

Apart from all the knowledge he shared, Mr. Ray himself has an admirable level of PATIENCE.

[@denversupermarket7484]

Somphathai P yee, bc this guy is fucking dumb

[@mando8222]

Patience is one of the Dalio principles

[@anaklusmosgreek3198]

Hes Diddys Mentor.... n damn i can see hes a blessing in his life cause Diddy need to learn patience

[@Fattmatt1993]

This guy dips and dodges like a politician. Answer and gives only info he wants BORING

[@iznet4368]

LIKE "RAY" SAID HE TRAVELS A LOT TO CHINA"🤔 AND HE MOST PROBABLY DOES A LOT OF BUSINESS WITH "CHINA".🤔 OFCOURSE HE WON'T GIVE A STRAIGHT!! ANSWER!! WHEN ASKED. WHO NEEDS ONE MORE "AMERICA" OR "CHINA" ?🤔 BUT IN MY OPINION "CHINA" NEEDS!! AMERICA!! A LOT MORE THAN "AMERICA" NEEDS CHINA🤔

[@manbah01]

“It’s okay to fail a few times, as long as you get there” Powerful!

[@theunvoicedvoice]

This is one of the most information-packed interviews I have watched from Valuetainment. I watched it the first time, 10 months ago. In the mean time, I read the book, I went through a lot of personal investments into education and complimented the learning curve with evaluated experience from the market place and proven mentors. I scheduled to watch this interview again, today. I picked up things I didn't even hear the first time. Would love to have another interview with Ray, especially after everything that happened in 2020 thus far. Thank you very much for this interview, Pat & Valuetainment Media.

[@wolfofdubai]

*If you’re not failing, you’re not pushing your limits, and if you’re not pushing your limits, you’re not maximizing your potential.* Ray Dalio

[@auniquehandle]

shit, all i do till now is failing, hopefully i will win one day lol

[@wolfofdubai]

Myrrah good luck!

[@voiceguy554]

Many thanks for this reminder!

[@HG51_]

one of the greatest quotes of all time by a brilliant man, that alone was worth watching

[@raimundosilva4382]

É tudo p****** de projeto que a Lara fez santa e fez Obama fez o bucho fez a love you fez Mc fez tudo p****** de projeto que se projetaram sobre a minha vida que eles fizeram da cabeça dele a montagem e coloca a ele tá falando as palavras bem clara aí e tá deixando bem claro e para o juiz banana ver umas palavras dessa e depois chega lá amanhã ou depois não faz nada é isso que eu tô falando Tem que ir eu vou ter que ir eu sou obrigado onde as forças com creme para resolver na bala porque eu tô vendo que o negócio do juiz não vai para frente que o juiz não tá respondendo nada o que tu tá falando aí tá batendo corretamente da forma que eu tô querendo que o juiz olhos dessa forma que julga o caso que tá batendo corretamente das palavras que eu queria que o juiz investigar se fizesse dessa forma que ele tá falando aí depois Juízo viu as palavras desce para ele amanhã depois não serviu de nada e não fazer nada é porque é um

[@jaehoony88]

I'm always impressed by Ray's wisdom, but today I'm more impressed by his patience.

[@francisgikaru4303]

He's literally making PBD concentrate.

[@Cornell90]

I'm always impressed by people's stupidity, but today I'm giving you a pass.

[@bakdjkafgs]

rays talking 99% of time son. we are bias though. I remember watching this maybe 2 years ago thinking valuetainment suck cause im a ray dalio fan. Then ive been watching Patrick a lost last few months and im a fan of Patrick as well. Ray needed to be interrupted cause theirs some points missing. buffet says Diversification sux, buy blue-chip businesse's. Dalio Says diversification is the holy grail and invest in not so good company's sometimes. hm..

[@dragont8654]

Tien Nguyen u seriously don’t understand ray’s POV and you’re Vietnamese... let me give you an example, for instance, if communist Vietnam needs to make a highway and your land is on the path, you 100% have to take the deal that’s presented by communist government or hand over the land with nothing. When he states “family”, he means family as in the whole of China will do what’s needed to be done to make China stronger together..

[@bakdjkafgs]

@@dragont8654 i wasn't talking about china or family. read the comment again nub

[@iannazareth7152]

For the people that read the comments before watching the video, It's an amazing interview, do take the time to watch it and judge it individually. There are certain times when Ray's answers invoke more questions and if Pat wouldn't have explored those for him to clarify deeper, we'd have an interview that no one understood. Thank you as always! Love from Mumbai, India

[@anon4096]

I love how they had a short discussion about the cadence/style of the interview and both made attempts to adjust to one another. And I love that that was left in for us to see. Great communication on multiple levels

[@michaelmelo3071]

I respect the fact that about half way through the interview, both Pat and Ray recognized their difference in conversational styles. Then they both did their part to adjust for a more fluid conversation. Great content, great insight.

[@JiaruiChen_]

ray was sonning him

[@mnb9162]

Pat sometimes talks just for the sake of talking.... People like Ray wont be able to sit with that for too long....they need sharp people.

[@kaushikvsmaniyan]

@@mnb9162 He does that to provoke a response, Robert Kiyosaki does that as well

[@iKevinJohnson]

There's a saying on how to distinguish a wise man from a fool. When the fool speaks, the wise man listens; when the wise man speaks, the fool speaks.

[@Skankhunt420.]

Thats a nice fortune cookie quote but the interviewer is worth over $100 million

[@iKevinJohnson]

@@Skankhunt420. and the person being interviewed is worth billions. There's always a time to listen or a lesson to be learned. Fools often miss the lesson, even a little one that may come from fortune cookie.

[@Tainomontana]

Kevin Johnson he’s got very interesting questions & the answers benefit us all but that’s a bit more complicated not everyone grasps. A interviewer also sets the stage & directs the conversation to their liking or design but again not everyone grasps.

[@chickenfishhybrid44]

Gotta keep in mind that people likely tell him they can only talk for a certain amount of time, he's surely a busy guy. Therefore he has to keep it moving along because he has certain things he want to get to

[@iancasey1486]

I like that quote. I don't think KJ is calling anybody a fool. The interviewer should excercise a bit more patience with his senior. I don't know why is he adopting the MSM style of interviewing of rushing the issues! An interview is not for yes/no answers. I think that everyone were interested in hearing Ray Dalio's explaininations. This interview should be taken as an excellent opportunity to learn what is so uncommon in today's media of sensationalism instead of allowing any bias to surface. This quote can be best applied when dealing with people and nations of opposing views distinct from ours! The skills of 'Listening' are for learners! IMO

[@jonhernandez0427]

This interview was amazing it shows a level of comprehension and understanding that many people simply will not understand. I noticed the frustration and the back and forth between both PBD & Ray. I noticed how Ray choose his words carefully in this interview. PBD is a 100% Capitalist no if or buts about it. Capitalism is what he knows and understand. A individual that works hard and is dedicated can make it to the top. Ray Dalio operates in both worlds Capitalism & Communism and understand how both worlds work. This is truly an amazing interview but if you don’t understand how Capitalism & Communism work and how China went from farmers to being our Trojan horse in about 40yr you will not understand why Ray choose not to pick which is better Capitalism or Communism and he clearly understand who is winning this war.

[@phelpss5076]

01:20 Meeting the guest, how Ray Dalio got into the world of finance 04:20 Ray Dalio as a child 07:10 What interested Ray Dalo instead of studying 9:26 On Investors, Valuation Investing and Buffett 11:08 Diversification in Investing - The Holy Grail of Investing, How to Reduce Risk Without Reducing Profits 20:24 Why study politics for investment, how our times are similar to the 30s, types of wars 26:48 Trade war between the USA and China, the differences between the USA and China, the experience of managing companies in China 39:25 Discussion of the article "Why and how capitalism needs reform" 44:57 Why are the dangerous circumstances now and we are on the verge of a crisis, how to make the United States equal for everyone, on the problem of equal access to education 53:32 Patrick's story about the American dream, the importance of illustrative examples for children, how a person goes to the American dream and once again about equal opportunities 59:49 Synergists, the pattern of the company's development 01:03:21 Ray Dalio's opinion on inequality, on life stages, on the creation of an independent media platform 01:09:47 Ray Dalio's views on the process of appointing a successor to the post of CEO 01:13:35 Blitz 01:14:16 End of interview

[@louie5348]

Thank You 😊

[@paulcoffee77]

forgot to add, "you're long winded" ( realization of conversation bottleneck) kzbin.info/www/bejne/eZKcpqhpa9ySjNE

[@allenwarfield]

Patrick cant even comprehend the macroeconomic points Ray is making here. I just wish he'd let him speak

[@caponeyboy]

Allen Warfield it’s like a 12th grader talking to an 8th grader, how could anyone expect the 6th grader to even be aware of some of the things that need to be understood to be that much more successful. Yeah you’re the top dog at your school now, and come next year, you’re back at the bottom of the totem pole. I believe we just witnessed PBD walk into the next level of his life

[@DoDgeSwaG]

Lack of education and zero experience using that education in real life

[@monkeysezbegood]

Patrick is operating in micro bubble, ray in Marco mega bubble. His knowledge of issues and history is much greater.

[@alouie001]

I think they key to being a good interviewer is to be a good listener. When you are talking you are not listening.

[@dutchymcdutch2553]

It's one thing to interrupt because you're pressing the other to be clear and to the point. It's another to interrupt because you don't understand the other and want to make your own point. He's doing the latter...

[@SteezyMcEasy]

I was going to comment something similar. This guy obviously doesn’t know/follow Ray Dalio. I was really interested in Rays answers but they kept getting cut off.

[@edyen]

For real, the whole interview I'm thinking "Please let Ray speak!!"

[@griffindeluce]

Study Charlie Rose

[@robertmodel0]

poooooooooorrrr interviewer..should shut up and listen !!!!!!!!

[@MrPotanton]

Patrick, honestly love your channel - it's a goldmine. Whenever I find myself surrounded by people with poor and perhaps damaging mindsets I retreat to your channel to have a good think about the important ideas you discuss (not that I agree with everything you say either!). It improves my mindset and motivates me to take charge, make plans and set goals about my future. And the crazy part is it actually yields results. Thank you man.

[@alexpantoja9452]

MOTIVATE YO SELF

[@colleenlipp8366]

I would have to say that this is the best news I’ve seen in decades. You interview provocative personalities with a wide range of views, and ask really good questions and let’s your guests answer.

[@almasjezovski8867]

This is probably the most frustrating PBD interview ever. Bro, you listened when different mafia affiliates spoke, you listened when hit men spoke... but when the time came to interview one of the brightest minds to ever walk the planet you decided to show off your Huawei knowledge and research skills. WTF?!

[@5050cha]

Wao, I'm beyond shocked that someone wrote exactly my thought, 2 days in advance. Thank you Almas.

[@LibertarianRF]

Eh Ray's a leftist with delusions that government things. The Chinese government took one small toe off of it's people and they flourished. then the brainwashed masses say look how awesome the China experiment has been..

[@OneCourageous]

Exactly right. And its been with Western Money and intellect mind you.

[@richard6663]

My thoughts exactly, pbd got mad because he was hearing things he didnt agree on and in typical american fashion he would not open his mind to hear what Ray was talking about .... which was exactly what Ray was explaining between China US relations.

[@SwissSwissw]

He said that he gave his managers the task of summarizing the book and learn! Then he should definitely do the same with chapter 4!

[@thanyille1]

Interviewer is so smart he doesn’t even need to hear the answers from Ray. God Ray must have a massive amount of patience putting up with the interruptions.

[@JoseOrtiz-hu6ky]

thanyille1 I felt Ray was avoiding some questions I love the book principles but felt like Ray was avoiding questions

[@macromaxim2193]

Jose Ortiz what questions, just curious?

[@jonrita2344]

@@JoseOrtiz-hu6ky i'd also like to know

[@19RedKing]

We are literally blessed to have the possibility to listen to those wise men. Thank you Patrick for bringing Ray's mind to the public. 🙏

[@chrisgutierrez761]

We need a Ray Dalio interview part 2! Especially in these times so much applies

[@JR-wm5ny]

Stop interrupting while he’s talking, let him finish!

[@_l735]

He's overly aggressive, he lacks patients :,(

[@22aber51]

锐蒋 foreals

[@Honestly__now]

you have to admit ray can really talk for a looooooooooooooong time. but yes i want to hear ray not the commentator

[@threatassessment216]

Sold Western Civilization to the Chinese Communist Party so there's nothing left for new immigrants or Real Americans I think he has finished

[@blmcmanus24]

Disagree with you guys. It's a conversation not just some idiot saying "yes, I agree".

[@nbeqo]

Question: "Are you competitive or driven?" Answer: "I am curious and passionate"

[@magwed4120]

Love this... In the world where it's either are you competitive or driven. Good catch Nick.

[@caponeyboy]

Daaaaaaaaaaaamn! 🤯🤯🤯

[@JonnyMarshall5]

Nobody: This interviewer: "So I was in the army and was basically like a combination between Arnold Schwarzenegger and Silvester Stallone in their prime, but with the fighting skills of Bruce Lee and the force of Chuck Norris, and I could probably have gone on to become Secretary of State and possibly President of the United States, but thankfully someone told me I was too good for that life, so I went and made millions of dollars instead and now I'm an ultra rich, self-made thought leader". Ray Dalio: "Cool so anyway back to my point..."

[@happyriches]

Millionaire wanting to impress a billionaire.

[@danmiku1]

That was good, thanks for sharing your thoughts. I agree. (Both of the messages before mine on 5/14/20.

[@sehlabakapaulus7032]

I could Not find Haha😂 reaction

[@pattyr2747]

😆 😆

[@ozgag6264]

Australia Property is collapsing by world leaders - kzbin.info/www/bejne/bHeXmairrZabntk

[@tigermama7439]

I admired Ray's wisdom and his patience when people who don't agree and can't see what he is seeing. One of the best conversations/ interviews!

[@chrystlaw1]

Patrick interrupting the answers spiked my anxiety 😂

[@WeddingVideographyTips]

i thought so too but i felt like he was only given an hour and he had a lot of questions so he wanted to move the interview forward. u gotta give it to him for standing his ground a lot of people would get intimidated just because of how much the guy is worth but Mr Bet David has no chill buttons lmao

[@chrystlaw1]

WeddingVideographyTips don't get me wrong this was a GREAT interview and the back and forth made it very dynamic.

[@jodada97]

Patrick had to show his assertiveness. btw whats your insta, your beautiful @ chrystlaw1

[@catfordkat]

@@jodada97 thats kinda hot

[@mm-hq4qh]

ray has patience omg , and pat wants to be quick i think ....

[@christopherdennis4280]

The problem with this interview is that the interviewer thinks he knows what ray is saying and ray knows that he does not

[@jod5834]

Bingo!!!💯💯💯

[@greengoblin1761]

🎯🎯🎯

[@greengoblin1761]

I wish Ray would’ve said “ok explain back to me what I just said” lol

[@kbl5007]

Spot on lol

[@bionic7252]

Keeps bloody interrupting Ray, let him speak.

[@nabutovsky]

Amazing interview! The highlight for me is the importance of building each other up and learning from one another. United we stand, divided we fall!

[@vanessahawtrey6407]

Wow this Ray has opened my mind so much. He is one of those guys you can sit with for hours and talk. Splendid company. Thank you Pat.

[@perditohominis1889]

Patrick seems to be a better interviewer with mobsters and criminals. When he's head to head with other strong businessmen his emotions become to prevalent.

[@dejabu24]

because he can smell the BS

[@dustinarroyo8005]

@@dejabu24 what bs?

[@sasmills]

@@dejabu24 who is the billionaire? Who knows China well between the of both of them?

[@jepensedoncjesuis4813]

@@sasmills China is on top of the world now because they are in total control of the biggest market place which is their country + they are authorised to sell knockoffs globally. I dare any country to sell whatever they want to China...They also have an extremely closed immigration and naturalisation policy so the notion of "Chinese Dream" would be an oxymoron...We really don't play by the same rules...

[@jepensedoncjesuis4813]

@@dustinarroyo8005 37:38 helped Dalio to reset for a While...

[@LDacic]

The way Ray handled this guy was tremendous.

[@theboldguy.]

There is a reason Ray Dalio is good at what he does you cannot expect a high performer to behave like the average person

[@TheNecropolis20]

Part of me does not want Ray " cash is trash" Dalio to be right, Part of me thinks i wont be able to survive a Great reset or a economic collapse.. becoming crash proof, is a big goal of mine.

[@cordovanbee713]

I just Rewatched, man so much info! Great Interview, Thanks to Both of you. WOW

[@atakpuikhide45]

My biggest take aways here: * Stay extremely curious and study alot. * Learn how systems work * Be ready to relearn stuff you thought you knew before. ...and more! This is packed full. Thanks PBD.

[@fredo.8113]

"If you haven't done something three times before successfully, don't assume you know it" Dalio 1:11:11

[@NEMO-NEMO]

Big Fredoo does voting count?

[@fredo.8113]

@@NEMO-NEMO be the judge of that. Lmao.

[@glenben92]

That's creepy, I read this as he said it...

[@jonathanphilippou3961]

Just let Ray Dalio speak without interruption. Less is more. Think of Joe Rogan's interview with Edward Snowden

[@MrAhuraMazda]

You have no subscribers and no content. But yet you want to offer your dog shit opinion on two particular men offering TONS of incredible free content for the world to enjoy? How about you get these two interviews, and offer them for free and then open your mouth you spoiled brat. Until then shut your loser mouth

[@Ian-hn8ty]

@@MrAhuraMazda this is the comment section idiot.

[@JustforFun-ki6fk]

Great point !

[@jonathanphilippou3961]

@Madolite it says interview in the first sentence of the description. "Ray Dalio interview with Patrick Bet-David." No where did it say discussion when i clicked.

[@yesplease9021]

MrAhuraMazda187 don’t be mad because homie made a valid point

[@Tazmanian_Ninja]

Ray presents so much deep life wisdom and grand perspective, in this interview. I've watched many parts of it again and again.

[@dralbertomarquez]

Dalio was impressively patient in spite of being interrupted again.....and again....and again! Yet he was gracious explaining that the interruptions were holding him from answering and that he would answer the way that the interviewer wanted. When have you ever heard that from any celebrity, business person, or politician before? A remarkable humble man who lives by his belief that finding the truth is of utmost importance, not just expressing what he thinks inside his head. I am in AWE.

[@DeanUK]

Ray D is not humble.. Ray D sold his soul to China. Unbelievably ignoring human rights issues in China see CNBC interview. See china uncensored 8:55 kzbin.info/www/bejne/mGTdXqJ3g79pZpY.

[@dralbertomarquez]

@@DeanUK Your comment is totally out of context. I meant in this interview. I do not assume for a moment that Dalio is naive. But Pat did a terrible job interviewing.

[@DeanUK]

Pat asks Ray questions but he rambles rather than answering the question. You said "..man who lives by his belief that finding the truth is of utmost importance" OMG the guy sold his soul to the devil dealing with the CCP. Human rights issues mean nothing to people that get paid to turn the other way. Poor excuse for a man.

[@dralbertomarquez]

@@DeanUK Fair enough

[@steveantonioni]

That intro had me sweating.

[@bachirche9666]

Hahahah saame !!!

[@steveantonioni]

@@bachirche9666 Had to change my shirt to watch the rest of the video

[@elvinaltagracia]

4 real !!!

[@MDinhh]

Holy man got me shaking

[@xcapitalmoney4089]

Seemed like interview was pretty heated.

[@Markism07]

This interviewer isn’t even listening! The fact that Ray has to tap him on the arm to get his attention is awful. Ray has a high level of patience, I’ll give him that

[@Brian-cc5ur]

Yeah, I really respect Ray's patience. What an awful interviewer!

[@MattGarcyaDC]

You both are clowns.

[@KhabibandEnola]

i think because the interviewer also somehow know their level is different so that his ego cant bear it, thats why he kept interfere and then got aggressive .

[@ryantourney2879]

Worst interviewer ever....shut the f**k up !...you're not the expert. Let the expert talk without interrupting. You were given TWO ears and ONE mouth for a reason. Listen more, talk less.

[@Lena-Holley]

Markism07 I know ... 🤦🏾‍♀️

[@trroop17forever]

Gentlemen. Thank you for this insightful, thorough and thoughtful interview. It felt more like a discussion between two great men that I admire, and have been following for some time. Enjoyed it immensely.

[@kryptokung21m47]

Great interview with Mr. Dalio! I enjoyed every minute. Just like the rest contents on other segments. Great Show!!!

[@leroysteven6835]

so interesting to see Ray Dalio on beast mode in this interview

[@JanKosowski]

The beast mode activated by notorious interruptions.

[@kabayantayo-clips8619]

@@JanKosowski hahahahah

[@G3r4pro]

Wasn't feeling the interview, 25 minutes into it finally got time to check the comments and got confirmation of my thoughts.

[@caponeyboy]

G3r4pro you left too soon brother ✊🏽 dog past the discomfort to get to the Gold

[@gps9715]

Precisely the same sentiment on my part.

[@melisagonzalez3836]

G3r4pro same here!

[@dianamaria986]

Watching this now, it was filmed 4 years ago, you can really see how much Patrick has grown. Even the sound effects changed. It’s really superb to see this growth. Also you cannot always be compatible with someone. This is probably why the conversation went badly

[@seaycyp]

This level of quality on information and ideas, I could have watched for another 3 hours. Amazing. Thanks you ever so much.

[@christopherh.6076]

Anyone who has the opportunity to talk to Ray Dalio should be all ears. So much wisdom and thought to every statement he makes. PBD usually has great interviews. This one had the potential to be the best interview he’s ever done but PBD had to get his 2 cents in. Damn.

[@vgranberryification]

The man RAMBLES. Interjecting a question is what an interviewer is supposed to do.

[@nalejbank]

Hey DP! You do know that Ray Dalio Is a member of the CFR, right! None of them are stoops. They are very slick in their promotion of globalism and monopolist capitalism. Obviously Ray is out for the almighty dollar and will do business with ruthless evil men, communists. He doesn't really believe in open competitive capitalism here at home. He is an internationalist just like David Rockefeller(CFR) and has no problem with making big bucks and splitting billions with his oppressive partners. He sounds just like David Rockefeller.

[@tonytanner3048]

@@nalejbank ????

[@nalejbank]

@@tonytanner3048 Why the "????" ? Is there something you would like to know? You HAVE studied the CFR, haven't you? You do know their history, right?

[@nalejbank]

@Anna Loures Actually, you are not only wrong on your "assessment" of me, my location or my nationality but you are equally wrong about the CFR which you seen totally ignorant about. Capitalism has nothing to do with governments but is the natural activity of humans, even when zero government exists to "regulate" the activities of free humans. Do you agree with that? It is NOT the purpose of government to "break up" monopolies. The market of free choices will do that quite well and very quickly without all the headaches of lobbying government to force businesses to "break up". In reality, except in totalitarian countries, very few monopolies actually exist. Let that sink in a minute. Only totalitarian governments have monopolies. Free-markets seldom have monopolies, due always to competition, no one can capture all the sales of one particular product or service. International trade, trade between the citizens and businesses of different countries has no imperative to "merge" as you suggest. Any American who reads your grammar would be asking you, not me, what country you are in or from! Every american knows that it is NOT the function of the US government to beak up "monopolies" if one were to actually read our supreme law - the U.S. Constitution - which you either haven't read or don't understand. Which is it?

[@keith-kalfas]

Ray Dalio has an insane level of certainty about him. Boss

[@lifeimprovement7745]

Imagine if he was a scientist or physicist

[@TechieTard]

Thug life!

[@lifeimprovement7745]

@Wiliam Forsythe with a name like William Forsythe you must be a winner.

[@stevenponte6655]

Dalio is probably thinking look buddy I don't need to run off to Google Analytics to see how many views this video gets!!!

[@nicholask8573]

What up dawgggg

[@robertling9872]

It is a beautiful example of two worlds. This both worlds you see back in Ray and Patrick. The different personalities is just a reflection. Thank you both for this interview.

[@alexa574]

What a great interview, so personal. I love it, it like 2 friends just sitting around talking.

[@yhinnam]

Man, I wanted to watch an interview, not a debate.

[@slipbobhook4538]

It was a healthy debate very insightful

[@skyleonidas9270]

so go search for interviews you moron

[@360.Tapestry]

basically, pbd is in love with capitalism and ray saying that communism is ok for chinese culture really hurts pbd's feelings. he made that an entire sticking point when there is so much more ray could be sharing about other topics

[@360.Tapestry]

@@skyleonidas9270 lmao clown

[@skyleonidas9270]

@@360.Tapestrythats soo much bulcrap just compare mailand china with hongkong or taiwan and tell me which system works better, You saying this shows how far gone you are the chicom propaganda

[@johnvillanueva1008]

This is the type of conversation I can listen to all day. Intense, open and rational. Goodstuff

[@tyrellwellick6178]

I liked the fact that Patrick got the side of him other interviewer's Don't

[@jaycho6747]

You mean got him annoyed? lol

[@luckyPiston]

Pats not gonna get his usual short answers when we are talking about restructuring capitalism, Pat trying to speed that along just blew it up .....

[@Mr.Smooth_operator]

We could listen to a wise billionaire free of charge. No BS courses no catch. Thank you Patrick. Amongst all the KZbin “gurus” you are the only one/channel that gives real knowledge. Once again, thank you.

[@donmiller6485]

My theory is that the interviewer should speak less than the interviewee

[@WorldReserveCurrency]

Utterly stupid... arrogant... and off the CNBC playbook. I'm still watching and wondering when this idiocy stops and gets to the real discussion.

[@youcefraoui6902]

Hahahahaha

[@abelink7102]

This format is better, especially for this type of conversation where a bit of push back is needed to see the strength of the rebuttal. Intellectual conversation requires that back & forth.

[@geneeverett7855]

If he didn’t praise communists Pat wouldn’t of had to jump In

[@BlackCulturalPreservation2023]

It’s not an interview 🙄

[@0underworldmagic0]

Love anything by Ray Dalio. I could listen to him all day. I didnt particularly like how the interviewer kept interrupting during the interview. Ray speaks slowly, and when he gets interrupted the flow of the answer and the points hes trying to make just dont happen.

[@ricardoalon3826]

Ray thank you for such a wonderful intelligent conversation, especially when you talk about the educational needs and how important that is for the future.

[@jimharris8597]

I had to watch your interview with Ray Dalio for the 3rd time. His inspiration combined with your ability to find that pathway to success if just fascinating. Things that happened prior to 1930 and not in our lifetime sure has me thinking new connections. Great interview.!

[@carstein7797]

So clear that Ray Dalio is on a whole different level then the interviewer.

[@DYLTHEVYL]

Absolutely. Pat is no slouch, and as viewers we ALL respect Pat. But clearly there are levels to everything. And Dalio is on a different level.

[@OZZY33MERKS]

I agree, but without Pat you would never get to hear Ray.... you would never get a interview of this caliber... and the interviews he has had with all the diamonds....

[@ElectricityTaster]

What if, and this is just wild speculation, the interview was designed for you to think this way so you buy Ray's book?

[@peepfan1436]

Don’t you realise the interviewer has to act as if they don’t know a thing and ask questions maybe they even know the answer to?

[@patrickcarlson4007]

dalio has lost touch with his roots, obviosly

[@miltonacevedo2173]

27:45 the way Ray explained different perspectives about China and US was amazing.

[@Alexander33767]

rigth on

[@baberkhan1472]

I couldn't understand a word but i believed it.

[@hamdi8341]

Correct he gave really good details and elaborated Very well . It would have been better if Patrick let the guy speak

[@kookoo8635]

What an amazing conversation. Super educational. Thank you so much. You both gentlemen and your team.

[@warrenedser1996]

Amazing and informative interview. Obtain a great deal and hope that interviews like that will occur with different beings. Thank you for your valuable both of you.

[@KJtropical]

Jesus how many times is he going to interrupt Ray. Let Ray speak man.

[@callummoore4017]

I usually agree, but ya gotta let Dalio go. I haven't watched too many of these and Im a fan of Ray but he was putting me a bit on edge. He looked uncomfortable. Dalio is a basically an awesome robot, no need to look like ur trying to pay attention. Just flow with em

[@robertvivo815]

He constantly interrupts his guests

[@SeriouslyCoolVideos]

Almost impossible to find an interview with Ray Dalio where he is not being constantly interrupted! It's incredibly frustrating for those who would like to learn and follow his reasoning. Every time, the journalist feels the urge to prove himself, sound smart, out-alpha him, look cool or edgy. They care more about how THEY come out in the interview rather than let the man speak. It's fucking insufferable!! I wish they all realized there's a reason why he's worth billions and they're just some random ass employee working for somebody. Seriously, shut the fuck up.

[@KJtropical]

SeriouslyCoolVideos you said exactly what I felt. You nailed it with “out-alpha” him. That’s what this entire interview felt like. I love how in this one the multi billionaire is much more dressed down than the one over-trying to be the alpha. So painfully obvious.

[@robreke]

yeah this guy is too combative because he thinks it's "edgy" or something. smh

[@mesavethospital1135]

Anyone watching this after the big market crash in 2020?

[@RicherThanIeverbeen]

yup

[@zeroceiling]

Market has not crashed. Mechanics didn’t cause the downturn...a pandemic caused the downturn..as it would in any system at any point in history.

[@yaris684]

@@zeroceiling 2021 market crash will be epic.

[@iamright3826]

Just the other day the stock market hit 30,000 for the first time in history. What market crash are you referring to?

[@nancycrisman7496]

@@yaris684 Try thinking positive. Stinking thinking never motivates a human being.

[@TRoman-xx9qg]

I have been watching you for many hours now; amazed that I've not seen you sooner; I appreciate your willingness to interview, up to now I've picked mostly authors who've written of their lifes' experiences. I feel so encouraged to hear of your own story; very important to know your back ground and relatable; thank you. I hope that by learning from the people you interview that my path will be easier as I add to my Value and hopefully my Value that I will bring to the world will be worthy of your interviewing me some day. Keep evolving, you have great potential!

[@bryanramirez1280]

Scenery: The scenery was great; I would enjoy more interviews take place in settings such as these. I understand that sound can be something hard to deal with from time to time but overall, I think the slight interruptions are worth it. Video editing: Great job on the camera work changing the view just enough times to keep me engaged but not too many as to annoy. Also, adding graphics and images throughout the video was great. This helped following along easier and I’m sure it will help everything else stick better in my mind. Interview: Although many are not happy that this was not a traditional interview style and it was more of a conversation; I think that Patrick probing and giving his own viewpoint was very useful because it helps you think, gain perspective. In fact, at one point in the interview, the conversation was exactly about that, media that offer different viewpoints in order to reach objectivity. Lastly, it’s clear that Patrick respects genuinely respects Dalio and definitely made it clear to everyone that Dalio is who they should be listening to. Dalio’s mind: Although it’s obvious from the title of his book, he’s a very well developed “principles thinker” and a dominant lateral thinker as one would find in Elon Musk, Sam Harris, or Jordan Peterson. I believe that for this reason, his answers are “longwinded”. He’s gone through the long and hard work of setting up the foundations for his beliefs, thinking, and life. You can then see this be done again onto every viewpoint he has. To answer a question on society, he does not only look at history, instead, he tries to truly identify each major factor (Economy, Psychology, History, Values, and beliefs), break each down, and then build his conclusion from there (instead of the other way around). It was simply fascinating to watch. All in all, seeing his mind at work was, in a way, inspiring. This interview entertained me, I will definitely read Dalio’s book because of it, and I will have to revisit each of these topics discussed individually. Thank you for bringing him on and creating such a great experience.

[@gaijingamenetwork8095]

“Long-winded.” You’re lucky he didn’t walk out right there!

[@mrashford122]

GaijinGameNetwork completely agree so disrespectful!

[@ALCRAN2010]

Fortunately the old man has enough meditation to not react on impulse; and is well traveled enough to know BD chose the wrong term.

[@kartikbhatt4173]

walk out and shows PBD the middle finger

[@miltonfriedman2226]

GaijinGameNetwork walk out isnt an answer to ray fucking dalio the man who called me naive

[@ZZYZXXXX]

I would have left right there and then.

[@bridgetalk8400]

The whole interview you are not listening to him you want to push out your own answers not let him tell you his opinion.

[@sleepyfish]

He didn't really have any clear answers though. He says education is a big issue, though it played no role in his own success. Then he says it won't get solved because the government is too partisan and he hasn't seen a 'synergist' of the two sides in history.

[@edwinmugo7801]

Just rewatched the interview again and man do I love Ray Dalio,, I can listen to this man the whole day.

[@sabaar01]

One of the best interviewed by Patrick! Really really insightful views of the things as they really are and the power players they influence them the most

[@rhondaokamoto555]

I enjoy listening to Ray, however Patrick you need to listen more and speak less.

[@lessonlearned9399]

Exactly. LISTEN. It was so rude to keep interrupting. Causing audience cannot hear clearly what Ray said. Intelligent comes with the capability to listen. That's why Chinese character of intelligent has a "ear" character in it. He is too full of himself. Aggressive is not equivalent to toughness. Too many people are like that. Trying too hard to impress. Sign of insecure.

[@abo1732]

That tends to happen when people think they know it all

[@pulseorca928]

Well said Rhonda! Cringe worthy at certain points. Patrick was almost defensive as if Ray was talking about him instead of China, the US and on and on lol.

[@hankxu3457]

Yes, Patrick is impolite to interrupt when Ray Dalio is putting forward his opinions. Looks like Patrick is playing up to the American rather than global viewers. He is not a good host !

[@hankxu3457]

@@lessonlearned9399 It's sign of silly showmanship.

[@4NWHIP]

I love Ray's passion during this interview. Imagine the conversations off camera lol

[@legacymedia8468]

Instead of trying to predict and prognosticate whether or not we’re going into a recession and precisely when it’s going to happen, a better strategy is simply having a portfolio that’s well prepared for any eventually, that’s how some folks' been averaging 150K every 7week these past 4months according to Bloomberg.

[@kaylawood9053]

That’s crazy, I’m just doing everything wrong with my portfolio

[@agustinrichardson]

Incredible interview, I watched it before and now after reading the book, and everything makes much more sense. I will come back and watch it in 5 years and i'll see if what's talked about really does happen... June 10th 2020

[@xchazz86]

Patrick looks so confused and disorientated every time Ray tries to explain anything more complicated than profits to him.

[@aloagbayemomodu1073]

I think the time was limited and with so much knowledge and many things Ray had to say, PBD had to find away to draw out much from him in a limited time..

[@AzzekaTheRealOne]

Ray is so damn greedy

[@ricardolarsen9451]

Patrick "big ego" next time cut down on the interruption, thanks anyways

[@22aber51]

Ricardo Larsen big ego can only go so far,

[@gvlacic21]

Douche

[@kurdishboy194]

Funny to see a comment mention the interviewers excellent work being criticised with a flamboyant statement that he has a 'big ego'. Well mr big shot, don't you think your comment has a subtle narrative to tickle your ego for Likes? Basically keep shit to yourself if it isn't going to be valuable.

[@bakdjkafgs]

Patrick is really open minded from the videos ive watch of him. this doesn't seem like patricks character. either he is trying to start conflict for publicity or actually has unanswered questions that needs to be addressed; instead of agreeing with ray dalio, cause its ray dalio.

[@monkeysezbegood]

@@bakdjkafgs Patrick doesn't seem to like it when rays views are different than his own. Ray is challenging his beliefs but I don't think P has an open mind based on his reaction. Ray is a very wise dude

[@AjustedeGuitarrasGBRCenter]

Fourth time watching/listening to this interview. Can't get tired of it!

[@petepreston2787]

I actually liked the toe-to-toe. Refreshing! But yes, it was interruptive but I enjoyed it. It brought out more of the Ray Dalio.

[@garycraythorne9686]

Really enjoyed this interview. I will be purchasing this book as soon as i can. Only heard of Ray Dalio by watching a link on the economic machine and now this. For a billionaire he seems very grounded. I like how he gave his time to help give others beneficial information, £18billion......definitely did not need to do this interview for a wage 🙌🏼

[@pawelwisniewski6849]

I’m at 36min and Patric opened his mouth maybe 5 times , what are you talking people ?😂

[@smokedowa2632]

Pawel Wisniewski I don’t think it was an issue of overtaking. Patric sometimes likes to ask very quick, concise questions as you answer others (Oh, do you think that’s good?)Ray likes to see his one view through to the end with no interruption.

[@brucemackay5137]

Woooh, epiphany! Thanks for the interview guys!

[@brendakipkemoi2738]

Just discovered your channel, boy am i glad i did!

[@marcela______7786]

Thank you! Watching it from Brazil!!! Just finished your book "Principles"today! Thank you for the valuable insights!

[@Davidka1978Xoroshiy]

Inaccurate title and not sufficient respect for the person being interviewed.

[@blockchaineducatedintervie2714]

Bring the debate to him.

[@slipbobhook4538]

I think you are being emotional in your assessment. It's was a great discussion providing alot of clarity

[@skyleonidas9270]

fuk respect, respect for faking experts is the reason were in deep shit right now, no one knows who is right and so we should treat everyone with the same respect, i keep seen this respect bollocks all ova the commentary, they got a bunch of testosterone and they gonna fight for dominance, instead of faking focusing on the fight you focus on what arguments they are wielding

[@360.Tapestry]

@@skyleonidas9270 settle down, nerd

[@skyleonidas9270]

@@360.Tapestry no you moron i wont, the chicoms are taking over an you telling me to calm down?!?!? your sheepish attitude is the downfall of the west

[@RR-yy2xm]

My man! Good music intro, now you're talking!! way to listen to the audience. You re the man!

[@petrosdoukas5162]

It's the first time i see Patrick says to the guest i want to take notes... This is how leaders really act when the other person explains - learns you something... It's one of the best interviews of Patrick and of course the content is unbelievable!!! Thank you!!!

[@patilashish]

Holy shit that was mind opening. What a great thinker Ray. Its a whole different perspective to life. Successful, Brilliant, Humble, helpful, contributing to society and great research. Thank you ray for being so wise. Thanks Patrick for sharing the knowledge of this great thinker. To make up for your mistakes or complaints by your subscribers in this interview, please invite him again and let him finish or better completely silent till you put your perspectives and other sub questions. That interruption style looks good with people like grant cordone not wise thinkers like Ray dalio. You are doing great. Your channel is awesome.

[@MotherOfGodsoOP]

Constructive criticism: you shouldve interrupted him less :(

[@Rsmith420]

@NEILL CASTILLO dude, how many times are you gonna post the same comment?

[@elizabethpaier1411]

Oh, wow ! FANTASTIC !!! Thanks to BOTH OF YOU for doing this interview !

[@hristinatrajkovskatrajkovs74]

Patrick, mr. Ray Dalio was so patient and kind with you, it's almost unbelievable.

[@freddiejackson6958]

Ray Dalio is on another level. He’s right. Being a really high level business achiever is harder than being an Olympian.

[@puppetmaster706]

Freddie Jackson he’s right but a lot of what he’s saying is common sense. Obviously we need better education. With capitalism you will always create more wealth, but when he said Socialism knows how to spread wealth better, he’s wrong. He’s saying money put into education will have a a better impact, he’s right, bc he left college out of the picture. But education should never be declared as a National Emergency, but that’s wrong, bc there are always people in school who don’t wanna learn and/or aren’t interested in what they’re being taught. They should be lead in a direction to create value instead of sitting in a classroom in high school. lol as I’m writing this they keep answering my questions. Ray’s a great leader and boss bc he had a way of making people think hard and want to come up with a solution. For example, Ray pushed Patrick to answer and question his statements, and then Ray would tell him if he’s right or wrong, and as he’s telling Patrick what he thinks, he subtlety changes the direction of the conversation of the same topic.

[@freddiejackson6958]

deponics Just because the amount is less doesn’t mean that’s it more competitive. How many in the world are competing in the market place, how many are trying to make it in said sport? It’s hard being an Olympian, I still am active in sports trying to get there, although I’m still more leaned to business now, becoming something in business is pretty damn hard and it’s not as clear as sports where you have an idea of what you need to do.

[@brynleytalbot778]

deponics At least an Olympian can't cheat or he or she is disqualified for life. Businessmen cheat constantly and the one that claims they're purer than snow is self delusional and fits the narcissistic profile of so many businessmen. In a fair open market where the best and most able achieve success businessmen that write or say this self fulfilling crap wouldn't even get into the game. At least Olympians are the best in their fields. I doubt many businessmen can emulate that because they don't need to be the best they just need to hire them and push the buttons.

[@brynleytalbot778]

Puppet Master It's how you focus education that matters. Creating business ready students and graduates is a fallacy as business shirks its responsibilities to train its own staff. We need a return to basic education and two tier academic degree and vocational degree provision. If business ready is the aim of education then everyone gets dumbed down and thinking gets eliminated because it's not a great management career idea to genuinely think and challenge. Capitalism is now eroding wealth with the creation of fictitious fortunes based on pie in the sky valuations based on the hope of profits rather than actual profits. With Socialism at least basic needs would be free of the profit motive. Once basic needs are met everyone is free to pursue their potential. If basic needs take greater chunks out of your income you're static and stuck. It's now more important than ever before that at all stages of life you have the ability to change course due to a changing jobs market. That's impossible under capitalism. Only the young benefit free of commitments.

[@freddiejackson6958]

Brynley Talbot You don’t know shit lol. Most olympians are on PEDs.

[@calwianka]

This is one of the best & most important Valuetainment interview EVER. Ray Dalio-NOT your average boring billionaire.

[@Russelrobertson1]

🌹Your video are inspiration to me, God is too grateful to me I feel very fulfilled any time I remember my trip and how I have been able to increase my income to 6 figure after retiring from a public service, I keep on earning $26k every month and I'm glad productive decision that has changed my life forever

[@Russelrobertson1]

Hey sorry for late response I apparently used the FIRE movement to put my finances in shape you can research more about it, then invest in crypto and stock the help of financial advisor Ava Brenda Harry

[@Marvin-kj2jq]

she is very popular among brokers and I must say She is an outstanding broker too I saw her once on Chris Hogan channel and contacted her on IG shortly after that, investing in forex has been very profitable to ever since then

[@harmom-mt2sy]

I met Mrs Harry Brenda Ava in a conference meeting last year for the first time in Washington DC and I was opportuned to speak with her And invested $20,000 and the trade ended in 2months making close to $170k she has made success easier than we thought

[@ThatcherCampbell-mh9em]

Who is this professional broker everyone is talking about I always see her post on top comments on every KZbin video and Twitter page I watched.,please is there any social media handle I can look up, how do I get in touch with her please 🙏

[@Canukjawla]

I made my first $85k investing in forex trading,As a beginner now I have time for my families and other things in life, she really an expert

[@HandcraftedRusticCreations]

Damn, all y'all hating on PBD on the way he conducted this interview... Before this book tour getting a one on one with Ray freaking Dalio didn't happen! He's sitting down with Ray Dalio and trying to let his listeners understand also. Any of y'all think you could just sit with Ray and listen without asking questions?!!? C'mon people 🤦‍♂️ but look who is sitting with Ray and who is typing comments on KZbin

[@columbusjustice5183]

Shane Baker most these people that are criticizing Patrick still live in there parents basements they read one replies and jump on the band wagon Patrick always ask good question has respect for very one in his interview

[@GuillermoDuran_RE]

I was gonna ask if Ray was kind of a prick or if it was just me ? I think I have my answer.

[@Capitalust]

Great interview, love that "long winded" answer were given the time needed because these issues are complex

[@tommyshaw2420]

Poor ole Ray, trying to keep his patience while finding himself in the middle of an awkward interview with an arrogant interviewer. A+ on the way you dealt with it if by some chance you are reading this comment Mr. Dalio.

[@vincentfiorenza4537]

This was fantastic interview. Thanks for giving us the opportunity to get his great insight and knowledge from two very accomplished entrepreneurs!

[@gabe2729]

Pat’s style is always direct...good interview.

[@cj5273]

I like Patrick but he embarasses himself in this interview. He is trying to debate Ray Dalio rather than interview him. Patrick is smart guy but Ray Dalio is a genius.

[@Don-qf4hy]

CJ if you understood what Patrick was saying you would know he never embarrassed himself, I actually think ray was dodging a question that Patrick wanted his honest opinion on

[@Cornell90]

You don't know nothing, fool.

[@-phonkzilla-4357]

@@Don-qf4hy your comment only proves you where missing the point. Patrick totally fucked this interview. if you're not able to see this. I don't know what to tell you, but 'stay in school'. And if your schools in the states. You're pretty much fucked. and at least you'll have that excuse.

[@cesicebalos2914]

You need to learn to listen more and take notes you ruin a good interview almost you don’t understand him can’t believe you worked for JP Morgan

[@Inquiring]

-PhonkZilla- Make sure to go fuck your self you sad socialist

[@divinesource3709]

I love his stories. Be curious, courteous, and cautious. Know your circumstances and understand the niches. LOVE IT!!!

[@johngibson7943]

This is a great interview, lots of good information. Thanks alot