Bloomberg Wealth: Dmitry Balyasny

[@RomaSlobodian]

I am an immigrant from Ukraine, the owner of a logistics company in the USA, currently a student at Kellogg School of Management, and my favorite book is "Atlas Shrugged." Thank you for the interview. Chicago.

[@mancavemademan2911]

Salute my brother 🎉🎉🎉🎉❤❤

[@islandcactus1508]

I’m Russian also at Kellogg. Which dorm you at? I want to find you

[@Roms785]

@@islandcactus1508EMBA, cohort 134

[@RomaSlobodian]

@@islandcactus1508EMBA Evanston, IL

[@kimo22211]

@@islandcactus1508 Uwant to find and suck off?

[@daa82]

Great interview! I now see where BAM’s philosophy of “Adapt or Die” and “Be humble” comes from.

[@recursion.]

For 52 he looks great. Dmitry you gotta drop your nutrition and health plug!

[@bringiton5282]

Looking to grow a double chin ?

[@jamesshen401]

Democratic countries don’t elect to go to wars? Vietnam? Iraq? Come on…

[@Yuri_Ukraine]

Ukrainian language not russian.. and Kyiv, not Kiev. Incredible interview, so proud of Dmitry, what a great, inspiring story!

[@KaltoumaAzari]

Ukrainian like you are annoying.

[@cyrilllandau9935]

Yuri, no one gives a fuck.

[@Unsolicitedadvice7]

Great interview! Ty David for sharing!

[@mancavemademan2911]

"You dont have a democratic society initiating wars". REALLY ?😂😂😂😂😂

[@saltymonke3682]

Even Danish liberal government waged war to Prussia

[@jorgipogi]

Most of these people have connections or come from great schools which open the doors to them. They are first and foremost salesmen who know how to describe or sale their businesses: just like Buffett.

[@leodarealest]

Seems like a great guy!

[@kokalti]

A professor and an engineer had a kid. Well no wander he would be successful. I think most things come down to if you were lucky enough to get the good genes.

[@komlatselougou8369]

Great interview

[@CharlesVaughn-bm9gq]

His hedge fund has returned 10.2% over last three years. SP500 did 9.7%. So, average return. Quite a racket to take 20% off the top and a 2% asset fee for being average.

[@bekzatb5658]

Net of fees. They don't take 20%. They have pass through fees

[@Dividendflywheel]

Buffett and Munger talk about it. Many people can’t do math

[@saltymonke3682]

Because if you have too much or all in S&P 500, you'll have a bad several years every 7-10 years. A hedge fund, in the purpose, is to hedge your fund in both rainy days and sunny days. Also, the sizing of the fund.

[@saltymonke3682]

​@@Dividendflywheel BH is actually a hedge fund

[@jorgipogi]

No tangible information: This is just oriented to rich investors, i.e., fees, type of investors he looks for, how he conducts research, connections, etc.

[@EllenGreidinger]

The unanswered question is: Why does the company need 170 strategies? That's not 170 investments. It's far more than that since each strategy must involve a series of investments. It should be possible to achieve the goals of low variance and low correlation with the S&P 500 with less than a dozen.

[@Zzz-vh3mu]

Look up what a multi manager hedge fund is

[@michaelfriend3990]

Ok, just become a CEO. Got it.

[@petarcholakov3525]

I see David is doing these interviews which are great and each guest kind of exemplifies how the American Dream has worked for them and they were able to build a conglomerate. However, in the current times, the American Dream is no longer present, nor you can start these businesses, nor most of the people’s principles and examples of pure hard work will get you to their level of success or rank. Fun is all over and I guess all these interviews are just about the “Good old times”…

[@Dividendflywheel]

Sorry to disagree. But immigrants find a way to achieve the American dream

[@dings4040]

Humble guy

[@sarahpamula778]

Burma. Peru. Thrills

[@sarahpamula778]

What becomes "illegal" Book projections in Gross Andrew Gross "catholicING" , Barron plays Football in an ORANGE Jersey.

[@sarahpamula778]

Head has a Back , Saw.

[@AlexanderPodgornyy-dk9zk]

“You don’t have democratic societies initiating wars” and he manages 20 bn

[@ray-mc-l]

Ayn Rand's book was about engineers and innovators. She would have liked Bill Gates. She would have hated this guy. In the book she describes a "moocher" class - politicians and businessmen who extract value without adding to society. Hedge funds are more like moochers than Randian heroes. I feel like he needs to re-read the book. And maybe read some better ones instead.

[@bigworm3886]

Ayn Rand. Really? I guess I understand it coming from a communist country but its like saying my favorite book is Harry Potter and the Sorcerers stone.

[@tejeshkinariwala]

I am not saying one way or the other about Ayn Rand. but i don't understand the comparison between the two books. Can you elaborate

[@kurt6154]

What a dumb comment....

[@ray-mc-l]

@@tejeshkinariwala He's saying they're both based on fantasy.

[@KaltoumaAzari]

I prefer #dmitrybalyasny's personality to #johnarnold's.

[@12345idiotsluggage]

Strange, to me anyway, that JA seemed better able to articulate his edge (energy) than DB (pure trading?). Both are exceptional obviously. But neither really wowed me in terms of the novelty and depth of intellect. Both seemed like products of prior success, keeping it rolling, and staying afloat. DB's edge seems to be basically throwing darts at a dartboard and keeping the winners. Toss in the customary AUM-balloon play and you got yourself a winner. Will also cosign the above comment that totally misplaced are these investors' love of Rand. Love or hate AR, her story is basically love for building builders. Her stories ridiculed the leeches of society, which included politicians, investors, lawyers, and anyone not physically building stuff. Is it a Chicago thing to love AR?

[@jayalvaro-vm7nd]

David love your show very informative would love to work for you have no big financial experience??

[@KrapendraC]

If you want to learn value investing follow us 🎉