Ray Dalio: Principles, the Economic Machine, Artificial Intelligence & the Arc of Life | AI Podcast

Ray Dalio is the founder, Co-Chairman and Co-Chief Investment Officer of Bridgewater Associates, one of the world's largest and most successful investment firms that is famous for the principles of radical truth and transparency that underlie its culture. Ray is one of the wealthiest people in the world, with ideas that extend far beyond the specifics of how he made that wealth. His ideas, applicable to everyone, are brilliantly summarized in his book Principles. This conversation is part of the Artificial Intelligence podcast.
This episode is presented by Cash App: download it & use code "LexPodcast"
EPISODE LINKS:
Principles (book): amzn.to/34JgMcO
How the Economic Machine Works: al-projects.info/it/video/tHmaZpWRpXmqpGk
INFO:
Podcast website:
lexfridman.com/ai
Apple Podcasts:
apple.co/2lwqZIr
Spotify:
spoti.fi/2nEwCF8
RSS:
lexfridman.com/category/ai/feed/
Full episodes playlist:
al-projects.info/secPLrAXtmErZgOdP_8GztsuKi9nrraNbKKp4.html
Clips playlist:
al-projects.info/secPLrAXtmErZgOeciFP3CBCIEElOJeitOr41.html
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
CONNECT:
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- LinkedIn: www.linkedin.com/in/lexfridman
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- Medium: medium.com/@lexfridman
- Support on Patreon: www.patreon.com/lexfridman

Shkarko

Komente

  • 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

    Lex FridmanLex FridmanMuaj më parë
    • Лекс, пригласи пожалуйста Дональда Хоффмана (Donald David "Don" Hoffman), было бы интересно послушать.

      Guy SimpleGuy SimpleMuaj më parë
    • Aleksey 👍👍 Brilliant idea, brilliant guests, brilliant execution!

      Dumas Davy De La PailleterieDumas Davy De La PailleterieMuaj më parë
    • 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

      VRreandoVRreandoMuaj më parë
    • @Dave Brookfield Yes, this would be an amazing interview!

      Rob HelbigRob HelbigMuaj më parë
  • 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!

    zzmariczzmaric3 ditë më parë
  • Fantastic stuff!

    DatingHawk.comDatingHawk.com4 ditë më parë
  • Lex didn't interrupt Ray. Instant Like.

    Eric MokEric Mok11 ditë më parë
  • Rod Sterling's Son Twilight Zone ****

    Diamond MindDiamond Mind15 ditë më parë
    • Lex Sterling Twilight of Zone

      Diamond MindDiamond Mind15 ditë më parë
  • OMG man. I don't know how you get these interviews, but it is pure gold. Thanks for sharing!! Greetings from Brazil.

    hh16 ditë më parë
  • 56:40 Collective decision making 1:25:00 life arc

    AlenAlen18 ditë më parë
    • :O

      Red DragonRed Dragon4 ditë më parë
  • Beautiful and inspirational 👏

    Mini Bit010Mini Bit01020 ditë më parë
  • Amazing podcast, Brilliant Guests. But Ray Dalio is underestimating bitcoin, Bitcoin/Crypto will take over in 10-20 years.

    The ShamanThe Shaman21 ditë më parë
  • Radical transparency: crises not crisises? www.merriam-webster.com/dictionary/crisis

    Trausti SaemundssonTrausti Saemundsson22 ditë më parë
  • The CPS Coin Free Sale will be listed on ProBit at a private price on December 27 at 15:00. It's your chance to make money. ^^ support.probit.com/hc/en-us/articles/360038156651-ProBit-Exchange-Lists-CPS-Coin-CPS-

    vidi Kimvidi Kim22 ditë më parë
  • Lex, you should add crypto wallet addresses for donations

    TwelfthRoot2TwelfthRoot223 ditë më parë
  • I just can’t listen to ray Don’t know why.. kinda feel he’s a bit full of blah blah blah

    Jack KabibbleJack Kabibble23 ditë më parë
  • Ray's take on UBI is surprisingly shallow. There is no evidence that any of the experimental UBI programs increased number of chemically dependent individuals. Also he speaks of automation displacing workers yet talks about investment into education which have shown to work in rather limited ways. Are we by chance conflating Ray's wealth and domain wisdom with general wisdom? I am going to try on his app, see if it makes a difference.

    Ilya GotfrydIlya Gotfryd24 ditë më parë
  • 1:22:21 i want to know that in detail !!! who else?

    ya neinya nein25 ditë më parë
  • Excellent. As always. This was really fascinating.

    ShaneShane25 ditë më parë
  • How do you teach an AI to deceive itself? How do you teach it to lie to itself in a self absorbed, grandiose kind of way? How do you make it seemingly spontaneous? How do you make it come up with ridiculous stories and make it believe them?

    Mario CalabreseMario Calabrese26 ditë më parë
  • i enjoyed this more than i thought i would. My concern though is when you brought up UBI; specifically as Andrew Yang wants to implement it. whenever it is brought up we hear how are they going pay for it. Yang has laid this out in very clear language and to not mention the VAT as part of the question is rather disingenuous imo. i wish you, and other podcasters would press the economic elite on both parts of the question instead of allowing them to sidestep as Dalio did. to his credit though he gave a far better answer than most of them do as they tend to dismiss it as unrealistic. he still had a very paternalistic approach to it though, i mean do we ask the recipients of stock dividends how they are going to spend that revenue..no we do not and dont care so how a ubi is spent should be held to that same standard.

    M OlcottM Olcott26 ditë më parë
  • if you have universal basic income you also need a crypto currency to track everything you give out.

    goapsyfreestepforlifegoapsyfreestepforlife26 ditë më parë
  • WOULD LOVE TO SEE ANDREW YANG!

    UhOhItsJoe SwansonUhOhItsJoe Swanson29 ditë më parë
  • "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 🙏

    Fabrizio TroiloFabrizio TroiloMuaj më parë
  • Dalio is the best!

    Mikkel RevMikkel RevMuaj më parë
  • Love you both.

    PEACE& RESPECTPEACE& RESPECTMuaj më parë
  • check out the valuetainment ray dalio interview; contrast the interview styles.

    Cory LoweCory LoweMuaj më parë
  • Thank you to your guest

    Abel LargoAbel LargoMuaj më parë
  • Thank Lex

    Abel LargoAbel LargoMuaj më parë
  • Lex, thanks for plugging Bitcoin on Cash App!

    Andrew RozarioAndrew RozarioMuaj më parë
  • Yawn. AI is boring. I can't wait for you mental midgets to plateau already. This AI obsession is so tiresome.

    Anthony LopezAnthony LopezMuaj më parë
  • 1:14:12 Can it buy happiness?

    brady nieldsbrady nieldsMuaj më parë
  • 33:14 To boil money down to it's most basic components, transferable credits.

    brady nieldsbrady nieldsMuaj më parë
  • It's funny that nobody wants to be a slave. Because if UBI ever did happen everybody will be enslaved. But it seems you people are too stupid to know that.

    Jeff KeilJeff KeilMuaj më parë
  • Crazily audacious; ultra realistic and doubtful (to spur open mindedness and resilient stress testing). Got it. Thank you!

    Michael LethoMichael LethoMuaj më parë
  • I love Ray Dalio. Incredible man.

    Daca McDaca McMuaj më parë
  • Excellent podcast, best selection of interviewees💫.

    Oliver SchubertOliver SchubertMuaj më parë
  • 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.

    Harry PiddHarry PiddMuaj më parë
  • Thanks for this wonderful youtube channel!! ♡

    Daniel UmDaniel UmMuaj më parë
  • 50:40 I'm on the contrary

    Craig JamesCraig JamesMuaj më parë
  • I love Ray and his principles, but I would disagree with him on his opinions about AI.

    NanaNanaMuaj më parë
  • Damn it Ray ! Just Come out and say it already - tell these good people what they need to know. “Gold is money and everything else is credit”.

    BKBKMuaj më parë
  • Lex, congratulations and thanks for the great job. Please invite Marcos Lopez de Prado. He is one of the best in financial ML

    Roberto TercerosRoberto TercerosMuaj më parë
  • Word the fear and worry is a tool that keeps us hibernating.

    Jeff JohnsonJeff JohnsonMuaj më parë
  • Due to our sickness so much information being fed to AI is faulty.

    Jeff JohnsonJeff JohnsonMuaj më parë
  • Millenials arent gonna buy the gold off the boomers. LOL

    Jollo JakarJollo JakarMuaj më parë
  • I'm new to your AL-projects channel. And I just want to say, I have mistaken your video intro for a Dracula story-telling episode.

    seymoresseymoresMuaj më parë
  • the most intelligent questions I've heard Ray answered in a long time that I've been following him. well done lex

    dymka2006dymka2006Muaj më parë
  • Does he use cameraman or two cameras at the same time?

    Avinash DwivediAvinash DwivediMuaj më parë
  • Lex looks disappointed. 😥

    José Luis Mazariegos BallesterosJosé Luis Mazariegos BallesterosMuaj më parë
  • This channel is getting better faster than AI

    Ben GlassopBen GlassopMuaj më parë
  • ok boomer

    Stewie GriffinStewie GriffinMuaj më parë
  • Lex , thank you.

    dracolicoifydracolicoifyMuaj më parë
  • kind of wish you would bring in more non establishment types to critique the mainstream more here. i think that would be interesting. more outsiders please. i rec whitley strieber. www.unknowncountry.com/ he has a surprising amount of things to say about AI and has been mistakenly dismissed by many but has had some extraordinary experiences for decades now. so far the guests are great but kind of tame.

    marsmotionmarsmotionMuaj më parë
  • 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.

    George MaximusGeorge MaximusMuaj më parë
  • Not only are these conversations more interesting to me than anything else out there..... But I love how even keeled you are. It seems as though the higher the IQ, the less emotional someone seems. Seeing people who fly off the handle at a moment’s notice...... IQ of a houseplant

    CRASS2047CRASS2047Muaj më parë
  • Please interview Andrew Yang Presidential candidate2020. Btw, the Yang Gang will then like/sub your channel by the tens of thousands because most all of us are futurists. Your channel will be preaching to the choir, hahaha!

    Pink SummerPink SummerMuaj më parë
  • Fantastic and fascinating interview, thank you Lex Fridman and Ray Dalio!

    Scott TaberScott TaberMuaj më parë
  • Quantum thought is powerful

    Nicholas LalondeNicholas LalondeMuaj më parë
  • Wow...I needed this!

    KarthikKarthikMuaj më parë
  • This podcast is so damn value add. Love it. More people will start watching this.

    Scott CrawfordScott CrawfordMuaj më parë
  • I didn't know that Demian Maia had a podcast

    Eli ShalmievEli ShalmievMuaj më parë
  • Too much advertisement at the start man !

    Vincent KarabouladVincent KarabouladMuaj më parë