Ray Dalio on The Young Turks with Cenk Uygur

Cenk Uygur interviews Ray Dalio, billionaire, hedge fund manager, and founder of Bridgewater Associates. He talks about his rags to riches story, how he made it to the top, and his financial philosophy. Buy the book here: a.co/5l4CLBa
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The Largest Online News Show in the World. Hosted by Cenk Uygur and Ana Kasparian. LIVE STREAMING weekdays 6-8pm ET. www.tytnetwork....
Young Turk (n), 1. Young progressive or insurgent member of an institution, movement, or political party. 2. Young person who rebels against authority or societal expectations. (American Heritage Dictionary)
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[@KDGames23]

Free advice from a guy who runs a multi billion dollar business and some of you guys are hatin, whether you like him or not you got to appreciate these gems he's dropping

[@pjamesbda]

KD: sorry can't resist. These droppings don't even make things grow. I have dropping from the chickens for that.

[@alex7289]

It's TYT what do you expect? Can't believe I used to watch this crap. They hate on everyone who has done well for themselves.

[@mockingjayemd4459]

Oh Bologna!

[@garyark1291]

@Nathan EBENEZER capital gain taxes are much lower than income taxes.

[@superagario9249]

I completely agree. I can’t believe some of these unappreciative comments. Disagreement is fine, but you must respect the wisdom, achievements, and experiences of this man. It’s very difficult for any human being to achieve any of this man’s variety of qualities.

[@JORDIIMusic]

Have read his book Principles - much respect for you Mr Dalio!

[@dvasq8622]

WOW!! highly esteemed investor and manager RAY DALIO AND TYT!!! MIND BLOWN!!!!

[@piticfilms]

A successful experienced man giving his 'pearls' to you. Priceless.

[@mireillelebeau2513]

Best interview of Ray Dalio, I ever heard, Cenk Uygur is a damn good interviewer because he really listened to his guest

[@__Wanderer]

Ray Dalio is a legend! Great interview :)

[@gaulindidier5995]

Really happy to see ray on there. His book is pretty damn good too.

[@flykidj95]

LETSGO I LOVE RAY DALIO

[@whizzyproduction]

This need more views

[@HAITI-1804]

This is a pure gold from a wise man!

[@MrMr123]

Cyneck, this is the best interview.... Thank you for doing it.... Love your program, god bless 🙌🏼🙏🏼🙏🏼🙏🏼🙏🏼

[@WHISKEYMUSIC]

Great interview. Thanks TYT!

[@alexandroskapatais1254]

It's such a treat to watch these Interviews by Ray Dalio.

[@kathleenbuckley4338]

"There are more second chances than two"

[@fletcher8881]

Excellent interview!!!!!!!

[@DarkPassenger_777]

My Respects TYT...

[@liloleist5133]

Transparency and truthful communication foster success and sustainability. We need that in the political discourse. We need it to survive.

[@ltlwatcher]

He's inspiring.

[@hiddenemperor653]

What a respectable and relatable human being, micro loans are genius btw for poor to middleclass. You can tell is a through and through a to good person that is the ultimate aspiration in my eyes, do better through your money and human relations

[@darkheart1721]

0:17 Ray is like "This idiot." lol

[@heythere9371]

"One of the hazards of becoming extremely wealthy is that you can be fooled into thinking that you are also extremely wise. Wealth is power, and power is dangerous, because people tend to go mad with it. Yet if you are surrounded all day by people who praise your genius and defer to your authority, you may have a hard time realizing when you have slipped into grandiosity and megalomania. One good way of checking is to ask yourself the following question: 'Do the things I say sound like things a Bond villain might say?' If the answer is 'yes,' you should probably rethink your life."

[@yamakawa511]

Excellent. Thanks Cenk.

[@victorespino5650]

This is awesome!! Great message. We need to change our views on money... if you're negative about it, you'll never attract it. Money isn't bad. If you're bad, it'll make you worse. But if you're good, it'll make you more generous.

[@mannys4539]

"you may strike me down but I shall become more powerful then you can ever imagine... just don't forget there's always a bigger fish"

[@laturista1000]

23:35 great talk! Trump, please don't surround yourself with "yes" men. Have cabinet members that share vastly different ideas than you. Together you can formulate well thought out ideas.

[@LittleBillysWorld]

Maybe I've gone full blowin' cynic, but anyone worth $17 billion is to NEVER be trusted.

[@jesseurena5153]

bro just cause someone is rich doesn't mean you can't learn some good things from them and its always good to have opposing views

[@gaulindidier5995]

That's hilariously stupid. It's like when conservative say that poor people are probably criminal or doing something inherently wrong. Actually, this sort of communist garbage goes full circle, this is the new right emerging.

[@victorespino5650]

LittleBillysWorld and that's why you never be wealthy. Your thoughts about money are negative so you'll subconsciously never attract money but repel it

[@luissolas9975]

i have met some poor people that were the worst kind of shit that i could never trust in...

[@montanus777]

the most important points: * don't blow it * keep it simple * count your money

[@mannyverse6158]

Fantastic interview

[@fredfrond6148]

Dalio is an investing god. His hedge fund is worth billions. If that was the end of the story he would just be another rich 💩head. Good to see Dalio trying to give back both his life lessons and his money. Not sure if his lessons or his money are worth more.

[@b991228]

Should I really have to sacrifice myself by only being able to afford a 40 foot yacht instead of a 150 foot yacht in Miami Beach simply to help out in saving our planet and bringing universal health insurance for others. My grandfather taught me the answer to that question is absolutely yes.

[@johnkeim8377]

Cenk, that was an amazing interview.

[@joshegross]

Wow

[@cielfrost7181]

This focus on happiness is weird. There's an implication here. If you make just enough money and do a thing you like and have a family you'll be happy. That's bullshit. If that were true then why do middle class people with good jobs and families cheat on their wives? Why do people strive for more and more money? The focus on what makes you happy here is useless because everyone's different and in reality happiness is a chemical reaction that doesn't last and the focus on that happiness here is useless information at best.

[@ProteusX2]

Middle class men cheat on their wives for the same reasons wealthy people do. I think the emphasis was on a basic sense of fulfillment rather than a temporal emotional state. Even some poor people in developing countries can be "happier" than those in middle class America because the value systems are different and there's a strong sense of supportive community. That community and value system is formed through honesty, authentic human connections, and good decision making, which (I think) was Dalio's point. And this is also reinforced by psychological studies.

[@OakhillSailor]

Not to mention cheating is not necessarily done because one is unhappy. Cheating can occur as a matter of opportunity or ease of getting your rocks off for the moment. It does not indicate an unhappy-ness of the cheater.

[@ausroy087]

I don't think there was a big focus on happiness, it was more, deciding a goal, and working on it, will produce fulfilment. Your second statement essentially being: 'Happy people never cheat on their wives.' - I don't think that has any link, one happy person might feel freer and cheat lots more, another happy person might scorn that. So I don't think that's a good argument. Why do people strive for more money? Well, usually it is a result of doing a job that they like, or it is basically the indirect measure of success. If a basketball player gets better and better, joins a better team and increases his scoring etc, he is going to be paid more. Now, that wasn't his original goal, but it's an acknowledgement of his success in his craft. Saying happiness is a chemical reaction is a useless statement. Looking inside the body doesn't change the fact that there are behaviors outside the body which control those chemicals. Overall I agree that aiming for happiness is not effective, because it is a subjective feeling that is not consistent. I'm pretty sure Ray emphasized having a goal/mission and working on that goal with people you like. That sounds like a pretty effective way to have an fulfilling life tbh.

[@fengqin821021]

I totally agree what Ray's principles. But the problem is some people who want to have a friendship or relationship, but they can not take and handle the honesty to each other. hahahah

[@FadiGamingRP]

i like this interview alot, rays the shit!

[@akburst510]

Great interview.

[@tenningale]

Lmfao, Dalio doesn't react to his stupid comment lmaoooo 0:19

[@mld962]

thats just Ray Dalio, hes always like that

[@hlr4248]

Cenk, I love all of your interviews...I would love them even more, if you stop slamming your hands on the table. Please 🛑 stop!! Otherwise, great 👍 interview.

[@bryantppierce]

I wonder if he's an investor in TYT, I wanted to invest, are they publicly traded?

[@mp517q]

bryantppierce no. Private

[@markjohnson5276]

I was schooled in designing and building companies. I was involved with 6 companies 5 of which are alive and well and paying taxes today. This interview is telling you a hustlers story like it's a virtue.

[@Swagalious689]

Woah tyt has some one in set that actually think .

[@alialansari8800]

It would be nice if Cenk and Ben both did the interview, it might have provided different questions and paths of knowledge

[@abijitpal4050]

Please with sir only seven days.

[@peterpan8263]

I guess he’s for the Robin Hood tax I guess he’s for a 65% to 90% tax increase that way we can control their happiness

[@Yor_gamma_ix_bae]

Its the system he grew up under. Marginal top tax rate doesnt increase taxes as its been proposed until anywhere from 1 mil to 10 mil a year. What ever the rate only begins after you have profited enough to be marginally taxed.....We switched to CONSUMER taxation, at state and federal level from this system that keynes developed that propelled the USA to the top during and after ww2. 1930-1982. Now revenue for the gov is mostly collected thru consumer taxation rather than wealth tax by comparison.

[@PureBadBreath]

What is Ray Dalio doing on this!?

[@kennethho888]

Philip Chan I know right

[@MMAoracle]

Why is dalio talking to genk

[@mkarakum]

why not?

[@MMAoracle]

because it is ray dalio. And cenk uguyr

[@mkarakum]

Lol you can't even get his name right... 😂 Ray is a great guy but he is all about helping others.

[@MMAoracle]

it is spelled genk oger

[@mkarakum]

MMAoracle no it is Cenk Uygur

[@iusedmylastnamechangeandiu2215]

Ray...what are you doing *THERE*

[@darkmatter9556]

lol

[@YEC999]

You understand that this is against everything ray stands for. "Be open minded". Are you open minded?

[@oozieligus]

32:27 an intellectual giant and an intellectual midget in a conversation: Midget: "Look, radical truthfulness... you just described us, that's what we do on TyT.... BUUUTTT..." goes on to contradict himself. Giant: *not even budging*

[@heythere9371]

The "intellectual giant" is promoting a book that tells managers that dehumanizing their employees will make them more productive with no evidence

[@oozieligus]

@@heythere9371 I'll give it some thought; but not a lot of thought.

[@tenningale]

Radical truthfulness on TYT.... LMAOOOOOOOOOOO

[@Yor_gamma_ix_bae]

@@tenningale its embarrassing how stupid you guys are. He's talking about the relationships between the people working at TYT. As in the things you don't see on the screen and couldnt possibly know about either way. Which is precisely the entire premise of this interview.

[@Ditchthemap]

I'm really shocked you left out the idea of American consumerism and people's greed. This narrow-minded attitude will keep most people chasing the carrot, regardless of their income.

[@sheeiiittt2012]

TYT sucks, but this was a great interview.

[@0113Naruto]

Genk acts like he’s middle class.

[@goartist]

doesn't want to drop any names. because they are that much honorable, naming them would end their ability to do all the good things they do with their power

[@vodkabooty]

Eat The Rich... But this is a very interesting interview regardless.

[@caitieeeee]

Sarah Johnson yeah the class warrior in me is like 😐 but I think he does have interesting things to say about challenging yourself by having other people who disagree with you around.

[@razxmnazx1031]

survival instincts for the win

[@tomtesoro7994]

NOT HUMAN BEINGS HAVE TRHE SAME DNA.. THUS A GOVERNMENT MUST STILL ASSIST

[@joelisnice]

huh ? calm down dumbass

[@hiddenemperor653]

5:30 why is it nessasary to "explain" by just saying the exact words of the person you are interviewing? Got it the first time LOL

[@ashleylogin1120]

Oh Kay?

[@Britesidecleaners]

1st time ever I have heard tyt say being rich is "BAD ASS".....Ray showing the kids how to make money... Stop being a victim! Sit down and talk out your ideas with the other side because often we dont know the truth. So funny to see Cenk to explain why radical transparency doesn't work if people have emotional barriers (feelings)...Ray... no no this is how grown up do it! HAHA

[@edmomeni]

I'd spend those 20 minutes juicing fresh squeezed fruits then walk out to my orchid checking on my fruit trees and roses🙂 VEGAN diet includes all the mind and body relaxation as needed, sun exposure does miracles as well. Looking for Pagadonia try Vegan lifestyle 🙂 trillions of other creatures on our planet are living it

[@victorespino5650]

Tyt collecting bitcoin lol

[@petekdemircioglu]

💜💚💜💚💜💚💜

[@petekdemircioglu]

💜💚💜💚💜💚

[@petekdemircioglu]

💖💖💖👑👑👑

[@ST-fk3jz]

Lol what

[@vinestreet4031]

Cenk how come you don’t take this message to heart? You hear but don’t understand.

[@markjohnson5276]

In the stock market you play a game where you bank on the other players ignorance. In that environment if you see something that's wrong but it profits you, you don't say anything. How many times did this man see something wrong and let it pass because it profited him. The successful players have privatized profits and put the losses on the public. He considers that good business.

[@NHNuisance]

Old Wisdom, you are absolutely correct!

[@owengg17]

Your assumptions are correct about how people make money in the stock market. However if you read this guys book He talks about several instances where he had worked with political and financial leaders to proactively help them avoid crises. Make of that what you will. By the way all profits weather stock market or otherwise exist in the gap between what others think is true and what you know to be true. If you yourself cannot see this gap it’s because you work for and are paid a salary by somebody who can. Unless you work for government, in which case you get paid because we as tax payers are all grateful that roads, laws and hospitals are well-maintained and regulated. But that’s a completely different economy all together.

[@irishjim2255]

if money aftet a point doesnt mean that much then why do billionaires hate to pay taxes

[@EvaGreenFanPennyDreadful]

Here's a secret most people don't know: all those "billionaires" aren't actually billionaires. Their net worth is in the billions, but they don't have billions in cash. Also, stinginess & frugality is key if you want to be financially rich. It's a habit. It all adds up over time.

[@worldshaper1723]

They want to have enough to invest in new ideas and to bail their companies if something goes wrong.

[@Jstoney127]

So we are supposed to like this guy and hear what he has to say because he is a lucky market gambler, basically contributing very little to society as a whole other than moving money around in order to increase his wealth, WOW BRAVO!!

[@Dumrikk]

These kind of people don't create, they hussle with the surplus of the people who create wealth.. Nothing he says is about what skills he have, just paper shuffle economics.. This is getting just another "out-of-touch-people" channel.. What a great way to speak truth to power..

[@danc7988]

If you were a basketball fan, how would you feel towards Michael Jordan if he came up with a course on basketball and he let anyone take it for free? This is pretty much what Ray Dalio has been doing. He's the greatest hedge fund manager in the world, and the way his company functions truly keeps him in check. He truly is trying to help people "learn to fish" rather than spoon feeding them with his personal income. A beautiful thing too is that he doesn't seem to have a "one-sided political agenda" either, instead advocating for peace and cooperation in order to avoid a civil war.

[@danc7988]

This is a paper he put out for free earlier this year, it's a very interesting read: www.obela.org/system/files/Populism.pdf

[@8794DragonRush]

you don't become the #1 performing fund manager over decades by being 'lucky'...

[@Jstoney127]

Look, I have no doubt Ray is great at what he does, however, I just don't respect what he and most of wall street do. These guys are largely leeches on the larger population of people that actually contribute something of importance and need to society at large. Doctors and nurses help heal people, scientist discover the reality of the natural world to make everyone's lives better, teachers educate the next generations, construction workers build the infrastructure of society, etc etc. What exactly does this guy and most of these wall street guys do? Well, he/they moves large amounts of money around in order to realize extremely large capital gains mostly for himself/themselves. These guys are glorified gamblers that every now and again fuck up global and regional economies so bad it casts the working people into the depths of a depression that one, these hedge fund guys never feel, and two the working man may never recover from. Ask the Americans in the colony of Puerto Rico how they feel about these bankers and hedge fund guys that currently hold their country/government at ransom.

[@twistedoperator4422]

"Wealthiest man alive is kinda badass." Disgusting. Hording wealth is a form of Structural Violence.

[@bigdaz7272]

These psychopaths don't understand that they have so much at the expense of Millions of others suffering. Or even more sinister perhaps they fully understand and that it what drives them to acquire more and more???? Cenk looks star struck lol wonder if he gives the old guy head after the show.

[@jesseurena5153]

can yall relax? is Cenk only suppose to interview super left wing people he can't have anyone with opposing views? that what the right wing tries to come at us for. Im as progressive as possible but I love learning about the markets and do some trading myself. I look up to Ray Dalio he has tons on insight has been super successful in his field

[@agoogleuser704]

Ya but he's giving 50% of his wealth away with Warren and Bill Gates 🤔

[@bigdaz7272]

He gives the impression of a philanthropic psychopath that is true but that he is respected and placed on a pedestal by people for his greed in the first place is obscene. I believe the top 5 people in every country in the world should be stripped of half their wealth every year until we get to some balanced level of equality in society, greed shouldn't be something we nurture and celebrate ffs.

[@victorespino5650]

Twisted Operator you build wealth so you can change your family and family for generations, even after your dead. That's not stingy or greedy. Also it allows you to be able to give back too.

[@alialansari8800]

That's a get

[@maxlank539]

This host lacks the sophistication to be at the table with a man of such high esteem

[@elpompo5166]

I don’t still get why people think there is a secret road to becoming rich: most of the times it is just a geographical accident and not a so-much-sold talent ideas. I was born in Cuba and there is no way to become a millionaire there nor if you are born in an African tribe nor under the US bombing in the Middle East. Most of this so called millionaires didn’t even know they would become ridiculously rich and none of them is able to extrapolate their recipes to riches. It is more a combination of social circumstances than geniality. Sad thing is that most of them believe they are super-humans, others know the truth but it is too shameful to tell, others won’t just tell the truth because it is no business or good for them many people to reach their high status. Just take the human and social aspects from their lives and you will see most of them won’t be able to kill a hen to eat. Dalio is an enlightened soul that can’t take more BS any more. My respects for him.

[@Brian-vk1hm]

That’s funny cuz my uncle escaped from Cuba to Miami and became very wealthy.

[@fredfrond6148]

A lot of these rich people, unlike Dalio, equate their IQ to their wealth. Very often if they are traders do stupid things because they think their iq increased with their pocketbook not realizing they made the money originally based on luck or inheritance.

[@MarkRushow]

Want a bobblehead Cenk

[@tomtesoro7994]

EXTRACTING THE GREED 'DNA' FORM HUMAN BEINGS IS EVIL..

[@tomsassurance]

Ray explains why the tax changes are having a positive impact on the economy. Then attacks the president personally who has made positive changes. Next he tells Ray that giving away half his money is nothing. I'd have loved if Ray asked how much he gave away. Weird interview.

[@jasonprevo2161]

He says he experienced every point.... He then admits he had a house and a family... He started off with more than Ive ever had.

[@mp517q]

jason prevo he never said that

[@gaulindidier5995]

He started in an apt he rented in New York.... what?

[@shotgun111180]

yes I don't stay on computer 24/7, probably should delete it... funny how you call Ben a clown when he runs circles around this guy. No one buys the bullshit you're selling. Make fun of Alex all day, but your rips on Ben don't hold any water.

[@simonkaroly1]

I'm pretty sure this dude made for money than I'll ever have in the time it took to write this. He's part of the problem, not the solution.

[@NHNuisance]

Here's why Ray is dead wrong. We don't live in the world he thinks we live in. He fails to recognize the actual reason for his success. Every time Ray failed the hardest and most disastrously, failures that should have definitely ended his career and possibly even his life, he was bailed out. He never actually faced the pain and never had to suffer through the struggle and face the severe consequences of his most severe failures. From his very first investment which failed completely, to the massive failure of his company's collapse in 1982, to the global economic collapse of 2008 and failure of global capital markets upon which his entire business, industry, lifelong career and personal fortune rest, every time he failed he was bailed out (and bailed out by exponentially increasing amounts). No, for the vast majority of people there are not more than two second chances. Hell, most people don't even have first chances. And most people today don't have even first chances because of this insane world in which we live where people like Ray Dalio-who personally has $17 billion-sees to it that his hedge fund business gets handed hundreds of millions of Connecticut taxpayer dollars! Until we all live in the world in which at our lowest point we will definitely be magically handed a free $10,273.70 (inflation adjusted from the $4,000 handed to Ray from his father in 1982) then Ray's principles and strategies mean absolutely nothing in the real world. Here's why Ray Dalio is wrong: www.forbes.com/sites/maggiemcgrath/2016/01/06/63-of-americans-dont-have-enough-savings-to-cover-a-500-emergency/amp/

[@alexblack8780]

Bailed out by who? He got rich because he's a smart trader

[@AnkitSinghAnarchoAtheist]

Well what could I say.... He is kinda like Einstein of finance. His original thinking and model made him a success.

[@owengg17]

I'm pretty sure a guy who had to go to community college cause his high school grades sucked but still found away to make it into harvard business school and who built a one man consulting company into the largest hedge fund in the world could over come a 4000 dollar short fall, don't you? Yes there are people who have started with more hardships then Ray Dalio. But no matter how hard the hardship there is someone, usually millions of people have been able to overcome their circumstances and make a better life for themselves. You can learn more about this process studying this guy and others who have become successful then you can criticizing them.

[@NHNuisance]

Owen Gagne, no, he literally couldn't overcome a $4,000 shortfall. He said it himself, his father gave him the money, handed him $4,000, there's no debate about this.

[@pjamesbda]

I'm just glad there are a few people out there NOT shaming themselves that can rise above this BS. Cenk went way over the line on this. He F'd up, bad. Question is: will we "bail him out?"

[@Achrononmaster]

TYT getting a huge wad of cash funding form Bridgewater?????

[@jorgegomez524]

is he trying to get some goodwill to save his neck from the masses?

[@StreetPeter]

What are you going to do?

[@JpPhysics0]

45 min i will never get back, what a waste of time

[@mireillelebeau2513]

1K peoples think otherwise,...at least

[@JpPhysics0]

@@mireillelebeau2513 1K views in 2 years is terrible on KZbin, I think more people avoided it then watched / listened to it. Just my opinion

[@kingseleyjameskanditkor7058]

@@JpPhysics0 nobody cares