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Today on Influence Today, we're joined by Dave Kline — former senior executive at Bridgewater Associates, one of the world's most rigorous and high-performance work environments. Dave now leads MGMT Accelerator, a company that helps managers rapidly grow into the kind of leaders people want to follow. With decades of experience building elite teams, Dave brings rare insight into what it truly takes to scale trust, performance, and leadership across any organization.”
In this episode I'm joined by Bob Elliott the co-founder and CEO of Unlimited Funds, for an eye-opening exploration of hedge funds and their role in modern investing. With years of experience as a macro investor at Ray Dalio's Bridgewater Associates, Bob brings a wealth of knowledge, breaking down complex concepts into actionable insights for investors of all levels.Watch the interview on Youtube: https://youtu.be/Um6WUcGp8SsLevel up your investing with Sharesight, Investopedia's #1 portfolio tracker for DIY investors. Track 240,000+ global stocks, crypto, ETFs and funds. Add cash accounts and property to get the full picture of your portfolio – all in one place. Ditch the chaos, track like a pro! Sharesight makes investing easy. Get 4 months free on an annual premium plan at https://www.sharesight.com/stocksforbeginnersDisclosure: The links provided are affiliate links. I will be paid a commission if you use this link to make a purchase. You will receive a discount by using these links/coupon codes. I only recommend products and services that I use and trust myself or where I have interviewed and/or met the founders and have assured myself that they're offering something of value.Stocks for Beginners is a production of Finpods Pty Ltd. The advice shared on Stocks for Beginners is general in nature and does not consider your individual circumstances. Stocks for Beginners exists purely for educational and entertainment purposes and should not be relied upon to make an investment or financial decision. If you do choose to buy a financial product, read the PDS, TMD and obtain appropriate financial advice tailored towards your needs. Philip Muscatello and Finpods Pty Ltd are authorised representatives of Money Sherpa PTY LTD ABN - 321649 27708, AFSL - 451289. Hosted on Acast. See acast.com/privacy for more information.
Today we're joined by Whitney Baker, founder of Totem Macro and one of the sharpest minds in macro investing. Whitney was previously the head of Emerging Markets at Bridgewater Associates and worked at Soros Fund Management under current Treasury Secretary Scott Bessent. In today's episode, Whitney discusses the current macroeconomic landscape, emphasizing the end of the ‘buy the dip' mentality and the unique challenges the U.S. faces as the bubble finally comes to an end. She touches on the challenges and opportunities in emerging markets, the impact of tariffs & AI on global growth dynamics, and ‘The Triple Yasu' phenomenon. Finally, Whitney addresses the role of gold in investment portfolios, advocating for its inclusion as a hedge against currency debasement and economic uncertainty. (0:00) Starts (1:21) Introduction of Whitney Baker (3:05) Global macro landscape (10:12) US debt dynamics (18:26) Market shifts, potential solutions, and foreign investment dynamics (23:31) AI's impact on productivity (30:31) US fiscal policies (38:29) The "Triple Yasu" (43:33) Opportunities in foreign and emerging markets (47:12) Historical debt solutions and modern financial strategies (53:23) How tariffs help national security (59:07) Emerging market bonds (1:06:08) Chinese industrial capacity (1:18:08) China and India's financial challenges and opportunities (1:32:31) Role of gold in portfolios ----- Follow Meb on X, LinkedIn and YouTube For detailed show notes, click here To learn more about our funds and follow us, subscribe to our mailing list or visit us at cambriainvestments.com ----- Sponsor: YCharts enables financial advisors to make smarter investment decisions and better communicate with clients. Get 20% off your initial YCharts Professional subscription when you start your free trial. Follow The Idea Farm: X | LinkedIn | Instagram | TikTok ----- Interested in sponsoring the show? Email us at Feedback@TheMebFaberShow.com ----- Past guests include Ed Thorp, Richard Thaler, Jeremy Grantham, Joel Greenblatt, Campbell Harvey, Ivy Zelman, Kathryn Kaminski, Jason Calacanis, Whitney Baker, Aswath Damodaran, Howard Marks, Tom Barton, and many more. ----- Meb's invested in some awesome startups that have passed along discounts to our listeners. Check them out here! ----- Editing and post-production work for this episode was provided by The Podcast Consultant (https://thepodcastconsultant.com). Learn more about your ad choices. Visit megaphone.fm/adchoices
Carl Quintanilla and Sara Eisen discussed weaker-than-expected May jobs data from ADP. Oppenheimer Chief Investment Strategist John Stoltzfus joined the program to discuss his market perspective. He also reacted to Congressional Budget Office analysis which shows President Trump's tax and spending bill would add $2.4 trillion to the national debt. Bridgewater Associates founder and legendary investorRay Dalio discussed how failing to rein in debt would result in dire consequences for the U.S. economy. Senate Banking Committee Ranking Member Elizabeth Warren (D-MA) appeared on the show and slammed Wells Fargo's 7-year, $2 trillion asset cap being lifted by the Fed – saying Wells should “stop breaking the law.” Warren also reacted to Elon Musk's criticism of Trump's “big, beautiful bill.” Squawk on the Street Disclaimer
This week on the Model FA Podcast, David interviews Jacob Miller, co-founder of Opto Investments, about bridging the gap between private markets and the wealth community. Opto focuses on providing better technology and alignment of incentives for RIA firms, offering custom funds and automated subdocs. They work with clients ranging from $500 million to tens of billions, emphasizing long-term strategies and high-quality private market investments. Jacob shares his background at Bridgewater Associates and the inception of Opto, highlighting the importance of trust, education, and differentiation in the RIA space. He also discusses the impact of books like "God Emperor of Dune" and "Letters from a Stoic" on his approach to business and life. We cover: Technology-Driven Differentiation Next-Generation Wealth Engagement Private Markets Reimagined Human-Centric Financial Advice Strategic Alignment and Transparency Connect with Jacob: Email: jacob@optoinvest.com LinkedIn: https://www.linkedin.com/in/jacob-m-08b32967/ About the Model FA Podcast The Model FA podcast is a show for fiduciary financial advisors. In each episode, our host David DeCelle sits down with industry experts, strategic thinkers, and advisors to explore what it takes to build a successful practice — and have an abundant life in the process. We believe in continuous learning, tactical advice, and strategies that work — no “gotchas” or BS. Join us to hear stories from successful financial advisors, get actionable ideas from experts, and re-discover your drive to build the practice of your dreams. Did you like this conversation? Then leave us a rating and a review in whatever podcast player you use. We would love your feedback, and your ratings help us reach more advisors with ideas for growing their practices, attracting great clients, and achieving a better quality of life. While you are there, feel free to share your ideas about future podcast guests or topics you'd love to see covered. Our Team: President of Model FA, David DeCelle If you like this podcast, you will love our community! Join the Model FA Community on Facebook to connect with like-minded advisors and share the day-to-day challenges and wins of running a growing financial services firm.
Conheça a trajetória do investidor bilionário Ray Dalio, que se tornou uma lenda na gestão de hegde funds depois de cometer um dos maiores erros de sua vida. Por essas razões, Ray Dalio é o tema do episódio desta semana de Do Zero ao Topo - Personalidades, a nossa edição que conta as histórias dos grandes inovadores. Para saber mais da história de Ray Dalio, leia: https://www.infomoney.com.br/perfil/ray-dalio/
In this special crossover episode with the Money Rehab podcast, we feature journalist Nicole Lapin's latest wide-ranging conversation with legendary investor Ray Dalio—founder of Bridgewater Associates, the world's largest hedge fund. Dalio shares his take on navigating today's economic chaos—rising inflation, interest rate shifts, and global instability—and why these moments, while stressful, follow patterns we can learn from. He breaks down the principles that have guided his investing success and explains how to think long-term through any financial cycle. This episode goes beyond the markets. Dalio also opens up about grief, happiness, and the limits of what money can buy. He reflects on personal loss, his definition of success, and the lessons he hopes to pass on to future generations. Pre-order Ray's new book How Countries Go Broke and find all of his work here.
In part two of Nicole's conversation with Ray Dalio (founder of Bridgewater Associates and architect of the All Weather Portfolio), they move beyond the markets and into the personal. While part one tackled the economy, inflation, and portfolio strategy, this episode is all about legacy, happiness, and the limits of what money can buy. Ray opens up about the worst moment of his life, how he defines success, and what he hopes the next generation takes from his journey. It's a rare side of one of the world's most influential investors—and a conversation that will stick with you long after the episode ends. Pre-order Ray's latest book How Countries Go Broke here. Find all of Ray's books here.
If you started investing any time within the last five years, it's probably felt like a steady stream of firsts—between a global pandemic, changing interest rates, inflation, war, and recession fears, it's been one plot twist after another. But it's not a new story—it's the same economic movie on repeat. And if you understand the principles behind it, you can learn to master the markets. That's where today's guest Ray Dalio comes in. He's the founder of Bridgewater Associates—the world's largest hedge fund with over $150 billion under management—and the author of New York Times bestsellers like Principles, that's become required reading from Wall Street to Silicon Valley. Ray literally wrote the book on how to invest through any cycle—and today, he's here to teach you how. Pre-order Ray's latest book How Countries Go Broke here. Find all of Ray's books here.
Need financing for your next investment property? Visit: https://www.academyfund.com/ Want to join us in San Antonio, TX on June 11th & 12th? Visit: https://www.10xvets.com/events ____ Jason is the founder of John Galt Services, a Bali-based outsourcing company that connects businesses with high-performing, multilingual talent across Indonesia. With a focus on quality, training, and long-term impact, his team works in person from Bali to deliver reliable, professional support at global standards. A graduate of the U.S. Naval Academy and former Navy Surface Warfare Officer, Jason has spent over two decades leading product development and building enterprise software systems for startups and major financial institutions. He previously founded a data systems firm that served clients like Invesco and Bridgewater Associates. Today, he also serves as a lead developer and technical leader at VeteranCrowd. Fluent in Bahasa Indonesia and deeply embedded in the local community, Jason is passionate about creating meaningful opportunities through global collaboration. In this episode of the SABM podcast, Scott chats with Jason about: The Spark Behind John Galt Services: Bridging global opportunity with untapped talent in Indonesia. What Sets It Apart: High-caliber, multilingual professionals trained and managed locally in Bali. Jason's Path: From Navy officer and software developer to founder building impact abroad. Early Lessons: Navigating a competitive outsourcing market while prioritizing quality and purpose. What's Next: Growing one placement at a time toward full-service managed teams. Timestamps: 00:13 Reflecting on the Past Four Years 00:27 The End of Ring Knocker 01:19 Introducing John Galt Services 02:15 Discovering Indonesian Talent 04:06 The Business Proposition 08:37 The Start of a New Venture 15:45 Recruitment and Skill Matching 17:43 Goals and Future Plans 19:06 Expanding Services and Competitive Landscape 22:43 Journey to Indonesia and Life in Bali 24:52 Creating Opportunities and Making a Difference 26:36 Future Plans and Business Connections 28:03 A Story of Barbecue and Cultural Fusion Connect with Jason: LinkedIn If you found value in today's episode, don't keep it to yourself—share it with a colleague or friend who could benefit. And if you're a Service Academy graduate ready to elevate your business, we'd love for you to join our community and get started today. Make sure you never miss an episode—subscribe now and help support the show: Apple Podcasts Spotify Leave us a 5-star review! A special thank you to Jason for joining me this week. Until next time! -Scott Mackes, USNA '01
In this episode we answer emails from Dave, Jeff and Peter. We discuss a new risk parity ETF, ALLW, a social security claiming question and considerations, and how a listener has been misled regarding so-called dividend investing by misinterpreting a misleading source.Links:Father McKenna Center Donation Page: Donate - Father McKenna CenterALLW Fund Main Page: ALLW: SPDR® Bridgewater® All Weather® ETFOpen Social Security: Open Social Security: Free, Open-Source Social Security CalculatorHartford Funds Dividend Fund Page: The Power of Dividends: Past, Present, and FutureBen Felix Dividend Video: The Irrelevance of DividendsBen Felix Dividend Video #2: The Relevance of Dividend IrrelevanceBreathless Unedited AI-Bot summaryFinancial misconceptions can cost you dearly. This eye-opening episode tackles three critical investment topics that challenge conventional wisdom and may transform how you approach your portfolio.When State Street and Bridgewater Associates launched their All Weather ETF (ALLW), it promised the stability of risk parity with the pedigree of Ray Dalio himself. We dissect this new offering—examining its 175% leverage, complex asset allocation, and 0.85% expense ratio—to determine whether it delivers on its promises or falls into the same traps as similar products like RPAR and UPAR. For investors approaching retirement, understanding these nuances could be the difference between confidence and confusion in the decumulation phase.Delaying Social Security benefits remains one of retirement planning's most debated decisions. We cut through the noise of oversimplified break-even calculators to explore what truly matters: appropriate risk-free rate calculations, the value of guaranteed income streams, and perhaps most importantly, how your family's longevity history should influence your claiming strategy. For married couples, the analysis becomes even more critical as spousal benefits create powerful optimization opportunities that generic calculators often miss.The episode concludes by dispelling one of investing's most persistent myths: the magical power of dividends. When Hartford Research noted that "85% of the S&P 500's return came from reinvested dividends and compounding," many investors misinterpreted this to mean dividends themselves were responsible for these returns. We reveal how this fundamental misunderstanding leads investors astray, explain why dividend payments offer no advantage in today's zero-commission environment, and demonstrate why creating your own "dividend" through strategic selling provides superior tax control.Whether you're building wealth or planning your withdrawal strategy, these insights will help you see beyond marketing claims to make decisions based on financial reality rather than comforting illusions. Listen now to align your investment approach with actual market mechanics instead of persistent financial folklore.Have a question about risk parity investing or portfolio construction? Email frank@riskparityradio.com or visit riskparityradio.Support the show
Rick Song is the co-founder and CEO of Persona, the identity verification platform used by some of the world's largest companies. Before starting Persona, Rick worked on identity fraud and risk products at Square, which laid the groundwork for what would become Persona's highly technical, horizontal platform. Since founding the company, Rick has scaled Persona into a category-defining leader, recently raising a $200M Series D at a $2B valuation. In today's episode, we discuss: How Rick's skepticism shaped Persona's early strategy What it takes to scale a true platform company Successful execution in hypercompetitive markets What Rick's learned from his co-founder, Charles Yeh and much more… Referenced: Accenture: accenture.com Anthropic: anthropic.com Braze: braze.com Bridgewater Associates: bridgewater.com Charles Yeh: linkedin.com/in/charlesyeh/ Christie Kim: linkedin.com/in/christiekimck/ Clay: clay.com Kareem Amin: linkedin.com/in/kareemamin/ MIT: mit.edu Newfront: newfront.com Palantir: palantir.com/ Persona: withpersona.com Rippling: rippling.com Scale AI: scale.com Snowflake: snowflake.com Square: squareup.com Y Combinator: ycombinator.com Zachary Van Zant: linkedin.com/in/zacharyv/ Where to find Rick: LinkedIn: https://www.linkedin.com/in/rick-song-25198b24/ Where to find Brett: LinkedIn: https://www.linkedin.com/in/brett-berson-9986094/ Twitter/X: https://twitter.com/brettberson Where to find First Round Capital: Website: https://firstround.com/ First Round Review: https://review.firstround.com/ Twitter/X: https://twitter.com/firstround YouTube: https://www.youtube.com/@FirstRoundCapital This podcast on all platforms: https://review.firstround.com/podcast Timestamps: (0:05) Life before Persona (2:11) The push from Charles (3:09) Early reluctance and low expectations (9:50) Winning the first $50 customer (13:08)“Invalidating” Persona (16:43) How Persona found their edge (19:35) Transitioning from MVP to platform (24:18) Turning down a $5K deal on principle (26:47) Generalizing bespoke solutions (28:28) Finding product-market fit (33:51) Founder-led sales and consultative approach (39:30) Building a culture of reactivity (45:47) Landing the first enterprise customers (51:34) Silicon Valley's obsession with frameworks (58:17) Developing first principles thinking (1:00:24) Stay competitor-informed
Mercoledì 21 MAGGIO alle 21 partecipa all'evento formativo gratuito L'INVESTITORE NELLA TEMPESTA, per capire come investire con lucidità anche nei momenti più turbolenti!Iscriviti ora su https://www.pianofinanziario.it/tempesta
Hi, and welcome to The Long View. I'm Dan Lefkovitz, strategist for Morningstar Indexes. Our guest this week is Daniel Rasmussen. He's the founder and portfolio manager of Verdad Advisors, a hedge fund. Before starting Verdad, Dan worked at Bain Capital Private Equity and Bridgewater Associates. He's a member of the investment committee of the trustees of donations of the Episcopal Church and he's a contributor to The Wall Street Journal. Dan is author of the new book, The Humble Investor: How to find a winning edge in a surprising world. His earlier book was American Uprising: The Untold Story of America's Largest Slave Revolt. Dan holds a bachelor's from Harvard and an MBA from Stanford. Dan, thanks so much for joining us on The Long View.BackgroundBioVerdadThe Humble Investor: How to find a winning edge in a surprising worldAmerican Uprising: The Untold Story of America's Largest Slave RevoltForecasting“Waves in Ship Prices and Investment,” by Sam Hanson and Robin Greenwood, Quarterly Journal of Economics, February 2014.Superforecasting: The Art and Science of Prediction, by Philip Tetlock“Gaining Edge by Forecasting Volatility and Correlations,” by Dan Rasmussen, Chris Satterthwaite, and Lionel Smoler Schatz, verdadcap.com, Oct. 30, 2023.Value Investing“Where the Value Investing Strategy Still Works,” by Dan Rasmussen, ft.com, May 23, 2024.“Factors from Scratch: A Look Back, and Forward, at How, When and Why Factors Work,” by Chris Meredith, Jesse Livermore, and Patrick O'Shaughnessy, osam.com, May 2018.“The Size Factor: Small Caps Are Trading at the Steepest Discount to Large Caps in Decades,” by Dan Rasmussen and Brian Chingono, verdadcap.com, Aug. 22, 2022.“The Small Cap Amplifier,” by Dan Rasmussen and Brian Chingono, verdadcap.com, Oct. 21, 2024.“Explaining International Valuations,” by Dan Rasmussen, verdadcap.com, Jan. 27, 2025.Private Credit and High Yield“The ‘Fool's Yield' of Private Credit,” by Jamie Powell, ft.com, Jan. 28, 2020.“Sizing Private Equity Allocations,” by Dan Rasmussen, verdadcap.com, May 13, 2024.“The Best Macro Indicator: Why You Should Be Following High-Yield Spreads,” by Dan Rasmussen, verdadcap.com, May 17, 2021.Crisis Investing“Crisis Investing in Europe: The Unlikely Winners in the Most Difficult Times,” by Dan Rasmussen and Brian Chingono, verdadcap.com, May 16, 2022.“EM Crisis Investing, A Deeper Dive: Understanding the Factors at Play in Emerging Markets,” by Verdad Research, verdadcap.com, May 3, 2022.
Andy Constan stops by to discuss today's US macro backdrop. Importantly, this discuss was recorded on 4/24. Since then the narrative around the tax bill has gotten incrementally more stimulative. Do what you will with that information.Bill reached out to Andy after following him for a while on Twitter. Andy appears to use Twitter to educate, inform, and journal thoughts. Hence why he was invited to the show.As for Andy's formal background, his bio reads as follows:Andy Constan graduated with a degree in Bioengineering from the University of Pennsylvania in 1986.Following he spent 35 years investing and trading global equities, spending 17 years at Salomon Brothers.Following he started honing his Macroeconomic Knowledge in 2010 working at Bridgewater Associates and Brevan Howard.Since then he has worked on growing Damped Spring Advisors.We hope you enjoy the conversation.
In our third episode, we're joined by Bob Elliott. Bob Elliot is the Co-Founder, CEO, and CIO of Unlimited Funds, an investment firm dedicated to bringing institutional-quality, hedge fund-style strategies to everyday investors. Prior to founding Unlimited, Bob spent over a decade at Bridgewater Associates, where he served on the firm's Investment Committee. His expertise spans a wide range of disciplines, from fundamental macroeconomic analysis to systematic investment strategies, offering a comprehensive perspective on markets and investing.This was a truly wide-ranging conversation, diving into the mechanics of hedge fund index replication, the launch of Unlimited's new macro ETF, and Bob's current view on the economy and markets. From macro mechanics to market views, there is something for everyone in this episode. Get full access to Prometheus Research at www.prometheus-macro.com/subscribe
On episode 189 of The Compound and Friends, Michael Batnick and Downtown Josh Brown are joined by Rebecca Patterson, Senior Fellow at the Council on Foreign Relations and former Chief Investment Strategist at Bridgewater Associates, to discuss: what's next for the stock market, what the trade war means for small businesses, the Fed's dilemma, foreign capital flows, the rally in gold, and much more! This episode is sponsored by Public. Fund your account in five minutes or less at https://public.com/compound and get up to $10,000 when you transfer your old portfolio. Sign up for The Compound Newsletter and never miss out: thecompoundnews.com/subscribe Instagram: instagram.com/thecompoundnews Twitter: twitter.com/thecompoundnews LinkedIn: linkedin.com/company/the-compound-media/ TikTok: tiktok.com/@thecompoundnews Public Disclosure: All investing involves the risk of loss, including loss of principal. Brokerage services for US-listed, registered securities, options and bonds in a self-directed account are offered by Public Investing, Inc., member FINRA & SIPC. Public Investing offers a High-Yield Cash Account where funds from this account are automatically deposited into partner banks where they earn interest and are eligible for FDIC insurance; Public Investing is not a bank. Cryptocurrency trading services are offered by Bakkt Crypto Solutions, LLC (NMLS ID 1890144), which is licensed to engage in virtual currency business activity by the NYSDFS. Cryptocurrency is highly speculative, involves a high degree of risk, and has the potential for loss of the entire amount of an investment. Cryptocurrency holdings are not protected by the FDIC or SIPC. *Rate as of 3/5/25. APY is variable and subject to change. **Terms and Conditions apply. Investing involves the risk of loss. This podcast is for informational purposes only and should not be or regarded as personalized investment advice or relied upon for investment decisions. Michael Batnick and Josh Brown are employees of Ritholtz Wealth Management and may maintain positions in the securities discussed in this video. All opinions expressed by them are solely their own opinion and do not reflect the opinion of Ritholtz Wealth Management. The Compound Media, Incorporated, an affiliate of Ritholtz Wealth Management, receives payment from various entities for advertisements in affiliated podcasts, blogs and emails. Inclusion of such advertisements does not constitute or imply endorsement, sponsorship or recommendation thereof, or any affiliation therewith, by the Content Creator or by Ritholtz Wealth Management or any of its employees. For additional advertisement disclaimers see here https://ritholtzwealth.com/advertising-disclaimers. Investments in securities involve the risk of loss. Any mention of a particular security and related performance data is not a recommendation to buy or sell that security. The information provided on this website (including any information that may be accessed through this website) is not directed at any investor or category of investors and is provided solely as general information. Obviously nothing on this channel should be considered as personalized financial advice or a solicitation to buy or sell any securities. See our disclosures here: https://ritholtzwealth.com/podcast-youtube-disclosures/ Learn more about your ad choices. Visit megaphone.fm/adchoices
Tech Bro NonsenseFormer Google CEO Tells Congress That 99 Percent of All Electricity Will Be Used to Power Superintelligent AIbillionaire tech tycoon and former Google CEO Eric Schmidt comments to the House Committee on Energy and Commerce: "What we need from you is we need the energy in all forms, renewable, non-renewable, whatever. It needs to be there, and it needs to be there quickly.""Many people project demand for our industry will go from 3 percent to 99 percent of total generation... an additional 29 gigawatts by 2027 and 67 more gigawatts by 2030. If [China] comes to superintelligence first, it changes the dynamic of power globally, in ways that we have no way of understanding or predicting.”Meta Says It's Okay to Feed Copyrighted Books Into Its AI Model Because They Have No "Economic Value"In the ongoing suit Richard Kadrey et al v. Meta Platforms, led by a group of authors including Pulitzer Prize winner Andrew Sean Greer and National Book Award winner Ta-Nehisi Coates, the Mark Zuckerberg-led company has argued that its alleged scraping of over seven million books from the pirated library LibGen constituted "fair use" of the material, and was therefore not illegal.Meta's attorneys are also arguing that the countless books that the company used to train its multibillion-dollar language models and springboard itself into the headspinningly buzzy AI race are actually worthless. Meta cited an expert witness who downplayed the books' individual importance, averring that a single book adjusted its LLM's performance "by less than 0.06 percent on industry standard benchmarks, a meaningless change no different from noise." Thus there's no market in paying authors to use their copyrighted works, Meta says, because "for there to be a market, there must be something of value to exchange," as quoted by Vanity Fair — "but none of [the authors'] works has economic value, individually, as training data." Other communications showed that Meta employees stripped the copyright pages from the downloaded books.Tellingly, the unofficial policy seems to be to not speak about it at all: "In no case would we disclose publicly that we had trained on LibGen, however there is practical risk external parties could deduce our use of this dataset," an internal Meta slide deck read. The deck noted that "if there is media coverage suggesting we have used a dataset we know to be pirated, such as LibGen, this may undermine our negotiating position with regulators on these issues."Lauren Sánchez in Space Was Marie Antoinette in a Penis-Shaped RocketKaty Perry Boasts About Ridiculous Rocket Launch While NASA Is Scrubbing History of Women in Space“It's about a collective energy and making space for future women. It's about this wonderful world that we see right out there and appreciating it. This is all for the benefit of Earth.”Last month, the Orlando Sentinel first reported, NASA scrubbed language from a webpage about the agency's Artemis missions declaring that a goal of the mission was to put the first woman and first person of color on the Moon; just a few days later, NASA Watch reported that comic books imagining the first woman on the Moon had been deleted from NASA's website.A webpage for "Women at NASA" is still standing, but pictures of women and people of color — astronauts, engineers, scientists — have reportedly been removed from NASA's real-world hallways amid the so-called "DEI" purge. Per Scientific American, the word "inclusion" has been removed as one of NASA's core pillars. And as 404 Media reported in February, NASA personnel were directed to remove mentions of women in leadership positions from its website.OpenAI NonsenseOpenAI Is Secretly Building a Social NetworkOpenAI has been secretly building its own social media platform, which The Verge reports is intended to resemble X-formerly-Twitter — the social media middleweight owned by CEO Sam Altman's arch-nemesis, Elon MuskOpenAI updated its safety framework—but no longer sees mass manipulation and disinformation as a critical riskOpenAI said it will stop assessing its AI models prior to releasing them for the risk that they could persuade or manipulate people, possibly helping to swing elections or create highly effective propaganda campaigns.The company said it would now address those risks through its terms of service, restricting the use of its AI models in political campaigns and lobbying, and monitoring how people are using the models once they are released for signs of violations.OpenAI also said it would consider releasing AI models that it judged to be “high risk” as long as it has taken appropriate steps to reduce those dangers—and would even consider releasing a model that presented what it called “critical risk” if a rival AI lab had already released a similar model. Previously, OpenAI had said it would not release any AI model that presented more than a “medium risk.”Saying 'please' and 'thank you' to ChatGPT costs OpenAI millions, Sam Altman saysBeing nice to your AI chatbot requires computational power that raises electricity and water costsAltman responded to a user on X (formerly Twitter) who asked how much the company has lost in electricity costs from people being polite to their models: “Tens of millions of dollars well spent — you never know,” the CEO wrote.AI models rely heavily on energy stored in global data centers — which already accounts for about 2% of the global electricity consumption. Polite responses also add to OpenAI's water bill. AI uses water to cool the servers that generate the data. A study from the University of California, Riverside, said that using GPT-4 to generate 100 words consumes up to three bottles of water — and even a three-word response such as “You are welcome” uses about 1.5 ounces of water.Antitrust NonsenseTrump DOJ's plan to restructure Google hurts consumers, national security, says exec: 'Wildly overbroad'Kent Walker, Google's president of global affairs: "We're very concerned about DOJ's proposal. We think it would hurt American consumers, our economy, our tech leadership, even national security. The proposed reform from DOJ "would result in unprecedented government overreach that would harm American consumers, developers, and small businesses — and jeopardize America's global economic and technological leadership at precisely the moment it's needed most."8 revelations from Mark Zuckerberg's 3 days on the witness stand in Meta's antitrust trialThe FTC alleges Meta "helped cement" its illegal monopoly in the social media market with its acquisition of Instagram and the messaging app WhatsApp more than a decade ago.8 revelations:Antitrust worries surfaced years agoTwo years before the FTC initially sued Meta over allegations that it violated US competition laws, Zuckerberg considered breaking Instagram out into its own company to avoid potential antitrust scrutiny, according to a 2018 internal email revealed by the government at trial."I wonder if we should consider the extreme step of spinning Instagram out as a separate company," Zuckerberg wrote in the email to company executives. "As calls to break up the big tech companies grow, there is a non-trivial chance that we will be forced to spin out Instagram and perhaps WhatsApp in the next 5-10 years anyway." If a break up were to happen, Zuckerberg wrote, history showed that companies could end up better off.Asked about this view at trial, Zuckerberg said, "I'm not sure exactly what I had in mind then."A 'crazy idea' to boost Facebook's relevanceZuckerberg's "crazy idea" for Facebook in 2022 involved purging all users' friends. The CEO — fearful that Facebook was losing cultural relevance — made the proposal in a 2022 email to the social network's top brass."Option 1. Double down on Friending," Zuckerberg wrote in the message. "One potentially crazy idea is to consider wiping everyone's graphs and having them start again."Sheryl Sandberg wanted to play Settlers of CatanZuckerberg once offered to give Sheryl Sandberg, the former COO of Meta, a tutorial in the board game Settlers of Catan.The lesson offer came up in 2012 messages in which the two discussed the fresh $1 billion purchase of Instagram, partially redacted missives presented by the FTC during Zuckerberg's testimony showed."We would love it. I want to learn Settlers of Catan too so we can play," Sandberg told Zuckerberg in the message. He responded: "I can definitely teach you Settlers of Catan. It's very easy to learn."Meta's rivalry with TikTok has only just begunDuring his testimony, Zuckerberg hammered home Meta's argument that the tech giant faces massive competition from other apps, especially TikTok."TikTok is still bigger than either Facebook or Instagram," Zuckerberg testified. "I don't like it when our competitors do better than us. You can sort of bet that I'm not going to rest until we are doing quite a bit better than we are doing now.”Facebook Camera app struggles were a source of worryInstagram's early rise shook Zuckerberg. As his company struggled to mount its response with the Facebook Camera app, the CEO began to lose his patience."What is going on with our photos team?" Zuckerberg wrote in a 2011 message to top executives, as revealed by the FTC in court. Zuckerberg then described a number of individuals, whose names were redacted, as being "checked out." He added another person didn't want "to work with this team because he thinks this team sucks."In May 2012, Facebook launched a photo-sharing app called Facebook Camera, which aims to make it simpler for the social network's users to upload and browse photos on smartphones. Only weeks after Facebook spent $1 billion on a similar photo-sharing app called Instagram. Zuckerberg tried to buy Snapchat for $6 billionZuckerberg's failed bid to buy Snapchat was highlighted by the government to bolster its argument that Meta sought to maintain its dominance in the social media market through acquisitions rather than competition.Facebook isn't really for friends anymoreWhile under questioning by the FTC, Zuckerberg said that Facebook had greatly evolved since he launched the platform more than 20 years ago and that its main purpose wasn't really to connect with friends anymore.The FTC argues that Meta monopolizes the market for "personal social networking services.""The friend part has gone down quite a bit," Zuckerberg testified. He said the Facebook feed has "turned into more of a broad discovery and entertainment space."Not impressed by WhatsApp cofounderZuckerberg wasn't too impressed with one of WhatsApp's cofounders after a 2012 meeting he had with company leadership."I found him fairly impressive although disappointingly (or maybe positive for us) unambitious," Zuckerberg wrote in an email to colleagues after the meeting, it was revealed at trial.Jan Koum and Brian Acton cofounded WhatsApp in 2009. Zuckerberg said in his testimony that he thinks he was referring to Koum. Asked about his email, Zuckerberg seemed uneasy. He said that Koum was clearly smart but that he and Acton were staunchly opposed to growing their messaging app enough to be a real threat to Facebook. Zuckerberg would go on to buy WhatsApp in 2014 for $19 billion.Mark Zuckerberg's Meta Platforms adds former Trump advisor to the board days before an antitrust showdown with the FTCMeta Platforms is further boosting its lineup of heavy hitters with the additions of Stripe CEO Patrick Collison and Dina Powell McCormick to the mix. Powell McCormick was the former Deputy National Security Advisor to President Donald Trump during his first term. Married to Republican Senator Dave McCormick, former CEO of Bridgewater Associates, one of the world's largest hedge fundsStakeholder/shareholder activism NonsenseBP suffers investor rebellion at first AGM since climate strategy U-turnBP suffered an investor rebellion on Thursday after facing shareholders for the first time since abandoning its climate strategy at a meeting marred by protest.About a quarter of shareholders (24.3%) voted against the chair, Helge Lund, which marked the first time in at least a decade that more than 10% of BP's shareholders voted against the re-election of the chair.The outgoing chair told shareholders that the company had “pursued too much while looking to build new low-carbon businesses” but that “lessons have been learned”.BP's CEO Murray Auchincloss (2.7% against), repeated his previous claim that BP's optimism in the global green energy transition was “misplaced”, and that the board's “one simple goal” was to “grow the long-term value of your investment”.Mark Van Baal, the founder of the green activist investor group Follow This, said shareholders had “made it clear that weakening climate commitments is unacceptable”. He added: “This historical result serves as a wake-up call to BP's board and emphasises investor expectation for robust governance mechanisms and genuine leadership on ESG issues.”Starbucks CEO faces major backlash after details of his work routine are revealed: 'Ill-conceived decision'A press release from the National Center for Public Policy Research reported on the hypocrisy of Starbucks CEO Brian Niccol's transportation practices when considering the company's public commitment to eco-friendly practices.Niccol travels regularly from his home in Newport Beach, California, to Starbucks' headquarters in Seattle, Washington, via private jet. Each 2,000-mile round-trip commute releases nearly nine tons of carbon dioxide.The National Center for Public Policy Research's Free Enterprise Project's director Stefan Padfield pointed out the discrepancy of policy and practice during his presentation of Proposal 8 requesting an annual report on emissions congruency. He noted that each round trip made by Niccol "is roughly the annual energy-consumption footprint of the typical American household."This analogy paints a vivid picture of the hypocrisy between Starbucks' public environmental commitments and the practices of the CEO. Gaps are apparent. Target CEO Cornell meets with Sharpton to discuss DEI rollback as civil rights leader considers boycottCEO Brian Cornell met with the Rev. Al Sharpton in New York on Thursday as the retailer faces calls for a boycott and a slowdown in foot traffic that began after it walked back key diversity, equity and inclusion programs, the civil rights leader told CNBC Wednesday.The meeting, which Target asked for, comes after some civil rights groups urged consumers not to shop at Target in response to the retailer's decision to cut back on DEI. While Sharpton has not yet called for a boycott of Target, he has supported efforts from others to stop shopping at the retailer's stores.“You can't have an election come and all of a sudden, change your old positions,” Sharpton told CNBC in a Wednesday interview ahead of the meeting. “If an election determines your commitment to fairness then fine, you have a right to withdraw from us, but then we have a right to withdraw from you.”IBM Informs Staff of DEI Retreat as Trump-Era Scrutiny GrowsEmployees were told of the changes earlier this week, in a memo that cited “inherent tensions in practicing inclusion.” Legal considerations and shifting attitudes to DEI were among the factors for the company. IBM CEO Arvind Krishna discussed the changes in his monthly video update to employees Thursday.Anti-DEI activist Robby Starbuck said he first contacted the company in February to question its policies. IBM confirmed it discussed its changes with Starbuck.The company (-10% gender influence gap) also disbanded a diversity council that represents the views of employee groups as part of its reevaluation.Exxon Faces No Shareholder Proposals for First Time in 25 YearsThe absence of requests in Exxon's proxy statement comes a year after the company sued two climate-focused investors to remove what it described as their “extreme agenda.” It also tracks with the US Securities and Exchange Commission's decision to back guidelines that make it easier for corporations to block votes on shareholder resolutions at their annual meetings.Exxon said in a statement late Monday that it received only one proposal this year and the SEC agreed it should be discarded because “it tried to micromanage the company.”Occidental Petroleum Corp., Valero Energy Corp. and Dow Inc. are other companies with no shareholder proposals up for vote at this year's annual meetings.Exxon said this year marks “the first time in recent history that our proxy includes zero proposals from activists.” It was just four years ago that a small fund scored a victory over Exxon, placing three directors on the company's board.Climate activist shareholder group Follow This pauses big oil campaignClimate activist shareholder group Follow This said on Thursday a lack of investor appetite has forced it to suspend its nearly decade-long campaign seeking stronger commitments from major oil and gas producers to emission cutsHarley-Davidson slams activist investor, saying its campaign is messing up its CEO searchIn early April, H Partners' Jared Dourdeville, who had been a Harley director since 2022, abruptly resigned from the board, saying among other things that Harley had “cultural depletion” because of its work-from-home policies and the exit of several senior leaders. And that was not his only point of contention with the rest of the board.Investment firm H Partners, a major investor with 9.1% of Harley's shares, in an open letter filed on Wednesday, urged fellow shareholders to remove three longtime directors from Harley's eight-member board at its annual meeting in mid-May by withholding votes for them. H Partners said the board had not held Harley CEO Jochen Zeitz accountable for what it called his repeated “strategic execution failures” and “severe underperformance.”CEO/Chair Zeitz (2007, 30%)Lead DIrector Norman Thomas Linebarger (2008, 13%)Sara Levinson (1996, 20%)"We believe Mr. Zeitz, Mr. Linebarger, and Ms. Levinson should be held accountable for the destruction of shareholder value,"Harley's bylaws stipulate that directors who win less than 50% of votes in an election must tender their resignations.Harley announced last week that Zeitz, CEO since 2020 and board member for 18 years, would resign but stay in his role until a successor is found. H Partners wants him out now.That followed a letter issued a day earlier by Harley-Davidson, which accused H Partners of “publicly campaigning” against it and saying that those efforts are also “adversely impacting the CEO search process and ongoing execution of the Hardwire strategic plan,” referring to a turnaround plan it launched in 2021.Harley said that it began a CEO search late last year after Zeitz expressed interest in retiring and has interviewed three potential CEOs, including one supported by Dourdeville, but declined to offer any the job. The company has also said that Dourdeville had cast only one vote against the majority during his time as a director and that as recently as November 2024 he had expressed support for Zeitz.Harley-Davidson faces board fight from H Partners amid calls for CEO to exit soon
Anna Harman is the co-founder and CEO of the ear-piercing and earrings brand Studs. She began her career as a mutual fund formation lawyer but soon realized she didn't have a passion for law. She then spent several years at the asset management firm Bridgewater Associates before moving into business, eventually landing at Store No. 8, Walmart's brand incubator. One day, while trying to get her ears pierced, she had a hard time finding a clean, reasonably priced, fun place to do it. She realized there was a huge white space in the market for a piercing destination that was more mature than Claire's and more inviting than the tattoo shop on the corner. Soon after, she and her co-founder, Lisa Bubbers, developed the concept for Studs—a clean, cool ear-piercing store that made ear piercing a desirable, experiential moment. Studs opened its first store in November 2019 and was immediately profitable. It drew praise for the easy piercing experience and innovative offerings, like its trademarked “Earscape” concept. Today, Studs has expanded to over 30 stores, including one in Rockefeller Center, and offers scores of high-quality, affordable jewelry options for every taste.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
True leadership isn't about being nice. It's about being kind, honest, and challenging people to reach their full potential. In this episode, Alan Stein sits down with Dave Kline, former Bridgewater Associates leader turned management consultant, to explore the radical transparency that shaped Dave's leadership philosophy. Dave shares insights from his decade at Bridgewater, where feedback was constant and unfiltered, revealing how this approach built stronger teams despite its intensity. Learn how Dave and his wife are now helping managers through their management accelerator programs that have already transformed over 1,200 leaders. Tune in now!
En el Radar Empresarial de hoy aparece uno de esos inversores que suele sacudir el mercado cuando habla: Ray Dalio. Y es que las predicciones sobre el comportamiento de las Bolsas no es exclusividad de Warren Buffet. Al estilo del oráculo de Omaha, Dalio también se atreve a realizar predicciones. El multimillonario es dueño de Bridgewater Associates, uno de los fondos de cobertura más grandes del mundo. La compañía gestiona 100 mil millones de dólares en activos bajo gestión. Así pues, aunque en 2022 se retiró y nombró a Nir Bar Dea como CEO, el inversor estadounidense es una voz más que autorizada para analizar el comportamiento del mercado, volátil y muy cambiante desde la aplicación de aranceles por parte de Donald Trump. Sobre la posible recesión que puede sacudir a Estados Unidos después de esta guerra comercial, Ray Diallo dejó claro al programa “Meet the Press de la NBC”, que “le preocupa algo peor que una recesión”. ¿Cuál es la situación actual de la compañía? Ahora mismo Bridgewater se encuentra inmersa en un proceso de renovación. Los activos de la compañía descendieron un 18%, en gran medida por la decisión de la empresa de reducir participación en uno de sus fondos capitales, Pure Alpha. En 2023 y en una de sus primeras grandes medidas desde que tomó el cargo de director ejecutivo, Nir Bar Dea anunció que restringiría la entrada en Pure Alpha. Este fondo se rige por una estrategia que entra en mercados macro, como índices, divisas y materias primas. Es muy posible que impulsado por la gran incertidumbre económica que están sacudiendo los mercados, muchos inversores han entrado en este fondo buscando valor refugio. Tanto es así, que Pure Alpha creció un 9,9% en el primer trimestre. ¿Cuál es la ruta a seguir por parte de Bridgewater Associates? Esta fijación en la inteligencia artificial va en consonancia con los objetivos globales de la compañía. Aunque perdió 20.000 millones de dólares en activos el año pasado, desde el fondo de cobertura aseguran que sus objetivos “no pasan por ser el más grande sino el mejor”. Es por eso que Bridgewater está aumentando sus inversiones en Asia y en Inteligencia Artificial. Bridgewater Associates es una empresa estadounidense de gestión de inversiones fundada por Ray Dalio en 1975. ¿Qué es lo que le hace especial? Su estilo de inversión se fija en inflación, los tipos de cambio y el producto interior bruto de Estados Unidos y tiene como clientes a fondos de pensiones, gobiernos o fundaciones.
Health insurance has a Net Promoter Score of around 0-10 industry-wide, one of the lowest ratings of any industry. This is exactly why the founders of Oscar Health, with no background in healthcare and a distaste for the industry, started the company in 2012. Since then, Oscar has grown to 1.7 million members, gone public, and achieved profitability—all while receiving an NPS significantly higher than the industry average.In this episode, we talk with Mario Schlosser, co-founder and CTO of Oscar Health, about building a tech-first health insurance company in an industry notorious for poor customer experiences.We cover:
President Trump outlines tariff exemptions including smartphones, chips and other tech components but U.S. Commerce Secretary Howard Lutnick says the move is only temporary. The tech sector rallies in Asia with the Hang Seng leading gains. Chinese exports surge more than 12 per cent in March. President Xi Jinping slams the trade was with the U.S., saying that protectionism has ‘no way out'. The founder of Bridgewater Associates Ray Dalio tells NBC News tariffs and a falling dollar could signal a potentially serious economic downturn.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
April 14, 2025 | Season 5 | Episode 13The financial world stands at a potential inflection point as traditional market relationships show signs of stress. What began as concern over tariff policies has evolved into a deeper question about the stability of the global monetary order that has prevailed since World War II.The bond market flashed dramatic warning signals last week, with the 10-year Treasury yield surging nearly 50 basis points to touch 4.5% - the largest percentage move since 1987. Former Treasury Secretary Larry Summers likened the chaotic trading to what might occur in an emerging market economy. Simultaneously, the U.S. dollar weakened significantly against major currencies, with the Euro gaining over 10% against the dollar since January.Ray Dalio, founder of Bridgewater Associates, expressed concerns about "something worse than a recession" as these tectonic plates of finance shift beneath our feet. For decades, global investors have flocked to U.S. assets, allowing America to run substantial deficits with minimal consequences. That relationship now faces its most serious test in generations.Beyond market mechanics, this volatility reflects real economic challenges facing average Americans. While wages have increased roughly eight times since 1967, housing costs have surged eighteen times over the same period. This widening gap between income growth and essential expenses explains why many Americans feel financially stretched despite stock market gains.For investors, especially those approaching retirement, these conditions demand thoughtful portfolio management. Maintaining adequate cash reserves, strategic tax-loss harvesting, and considering Roth conversions during market downturns can help navigate uncertainty. The municipal bond market presents a particularly compelling opportunity, with high-grade 30-year munis yielding around 5% - equivalent to a 7.7-9.5% taxable yield for investors in high tax brackets.As we process these signals, the fundamental question remains: are we witnessing temporary market dislocations or the early stages of a more profound shift in global economic relationships? Either way, maintaining perspective and adhering to sound investment principles will be essential in the months ahead.** For informational and educational purposes only, not intended as investment advice. Views and opinions are subject to change without notice. For full disclosures, ADVs, and CRS Forms, please visit https://heroldlantern.com/disclosure **To learn about becoming a Herold & Lantern Investments valued client, please visit https://heroldlantern.com/wealth-advisory-contact-formFollow and Like Us on Youtube, Facebook, Twitter, and LinkedIn | @HeroldLantern
Show notes / PDF & Infographic / Free Audiobook / What if I told you that America is showing the exact same warning signs as every fallen empire in history? The U.S. is now 247 years old... and according to billionaire Ray Dalio's research, empires collapse after about 250 years. This isn't a conspiracy theory - it's a pattern that's repeated for centuries. In this 15-minute StoryShots audiobook summary, you'll discover why high debt, money printing, and political division aren't random problems... they're predictable stages of decline that have happened to EVERY major power before us. But here's the good news: once you understand the pattern, you can prepare. Listen to find out how... Ray Dalio's book 'Principles for Dealing with the Changing World Order' explores how nations rise and fall through predictable historical cycles. By studying 500 years of global economic history, Dalio reveals a 'Big Cycle' where empires typically emerge, build strong systems, become powerful, and then decline over approximately 250 years. This pattern is characterized by specific stages, including building robust education and technology systems, becoming financially successful, achieving military strength, and eventually facing challenges like excessive debt, wealth inequality, and political division. The book identifies three primary forces driving these historical changes: the debt and money cycle, internal disorder, and external disorder. Dalio analyzes how countries like the United States and China fit into these patterns, highlighting eight key factors that determine a nation's power, including education, competitiveness, innovation, economic output, trade, military strength, financial systems, and reserve currency status. He specifically examines the United States' current position, noting warning signs of potential decline such as high government debt, wealth inequality, political polarization, and infrastructure decay. While the book presents a potentially concerning narrative about global power transitions, it also offers practical advice for individuals, investors, and policymakers. Dalio recommends developing adaptable skills, diversifying investments across countries, learning from historical patterns, and preparing for potential economic shifts. The core message is not one of inevitable doom, but of understanding historical cycles to navigate change more effectively. By studying these patterns, individuals and societies can better position themselves to thrive during significant global transformations. Google, Apple, Facebook, Ray Dalio, Time Magazine, Hyundai, Harvard Business School, Samsung, Bridgewater Associates, Niall Ferguson, Principles for dealing with the changing World order, StoryShots, Life and Work, Empires, economics, China, United States, History, Empires, Economics, History, China, Geopolitics, Investment History follows predictable 'Big Cycles' where empires rise and fall approximately every 250 years, characterized by clear stages of emergence, success, and decline Three major interconnected cycles drive global power shifts: debt/money cycles, internal social disorder, and external geopolitical competition The United States shows multiple signs of potential imperial decline, including massive government debt, wealth inequality, political polarization, and declining infrastructure (00:00) Introduction: America's Warning Signs (00:58) Understanding Historical Patterns (02:30) About Ray Dalio (04:18) The Big Cycle of History (05:50) The Rise and Fall of Empires (07:04) Three Main Forces of Change (10:33) Eight Key Factors of National Power (14:22) The Privilege of Reserve Currency Status (16:12) Signs of American Decline (17:57) China's Remarkable Rise (19:57) Internal Problems Leading to External Conflicts (21:38) Preparing for the Changing World Order (23:20) Final Summary and Reflections (26:26) Criticism and Praise of the Book (27:45) Recommended Reads Learn more about your ad choices. Visit megaphone.fm/adchoices
#597: A recession is coming, and it might be worse than most people expect. That's the sobering assessment from Bob Elliott, former Head of Ray Dalio's Investment Team at Bridgewater Associates, when he joins us on the podcast. Bob explains that several economic factors are converging to create challenging conditions. The combination of current trade policies, persistent inflation issues, and a Federal Reserve that's constrained in its response is creating significant economic headwinds. Tariffs play a central role in this economic outlook. While their inflationary impact remains debatable, their growth-negative effects are more certain. When imported goods become more expensive, consumers have less money to spend on other things. This reduces demand across the entire economy. Manufacturing and reshoring aren't simple solutions either. Bob points out that building new factories takes about five years, with payback periods stretching 30 years. This timeline explains why CEOs hesitate to make such investments, especially in an environment where policies change unpredictably. This uncertainty has driven CEO confidence to its lowest levels since the 2008 financial crisis, further complicating economic prospects. For individual investors, Bob offers surprisingly straightforward advice. Despite his sophisticated background managing billions, he follows a simple personal investment strategy: dollar-cost averaging and diversification. He even limits himself to reviewing his investments just once annually — typically the Wednesday before Thanksgiving. This disciplined approach prevents overtrading and removes emotion from investment decisions — principles that apply whether you're investing regular income or handling a windfall. Throughout our conversation, Bob emphasizes that the US economy fundamentally runs on consumer spending. When policies redirect money from discretionary spending toward necessities, the effects ripple throughout the entire system. Want to hear more of Bob's insights on recession probability, investment strategy, and economic policy? Listen to the full episode now. Timestamps: Note: Timestamps will vary on individual listening devices based on dynamic advertising run times. The provided timestamps are approximate and may be several minutes off due to changing ad lengths. (0:00) Introducing Bob Elliott, former head of Ray Dalio's investment team at Bridgewater (2:56) Bob discusses high probability of recession due to growth-negative policies (7:00) Tariffs likely growth negative in short-term despite long-term manufacturing goals (14:20) Transition from global supply chains to parallel and redundant manufacturing systems (19:50) Four economic levers: tariffs, tax policy, monetary policy, and government spending (26:15) Stock market reacts to short-term expectations despite positive long-term outlook (34:15) Bond markets performing well as growth slows; potential recession duration of 1-1.5 years (45:40) Long-term productivity growth creates wealth despite short-term volatility (53:15) Dollar-cost averaging and diversification recommended for individual investors (59:15) Bob discusses founding GiveWell to identify highest-impact charitable giving (1:11:10) Bob explains Unlimited Funds, making hedge fund strategies accessible to everyday investors Learn more about your ad choices. Visit podcastchoices.com/adchoices
ABOUT JON HYMANJon Hyman is the co-founder and chief technology officer of Braze, the customer engagement platform that delivers messaging experiences across push, email, in-app, and more. He leads the charge for building the platform's technical systems and infrastructure as well as overseeing the company's technical operations and engineering team.Prior to Braze, Jon served as lead engineer for the Core Technology group at Bridgewater Associates, the world's largest hedge fund. There, he managed a team that maintained 80+ software assets and was responsible for the security and stability of critical trading systems. Jon met cofounder Bill Magnuson during his time at Bridgewater, and together they won the 2011 TechCrunch Disrupt Hackathon. Jon is a recipient of the SmartCEO Executive Management Award in the CIO/CTO Category for New York. Jon holds a B.A. from Harvard University in Computer Science.ABOUT BRAZEBraze is the leading customer engagement platform that empowers brands to Be Absolutely Engaging.™ Braze allows any marketer to collect and take action on any amount of data from any source, so they can creatively engage with customers in real time, across channels from one platform. From cross-channel messaging and journey orchestration to Al-powered experimentation and optimization, Braze enables companies to build and maintain absolutely engaging relationships with their customers that foster growth and loyalty. The company has been recognized as a 2024 U.S. News & World Report Best Companies to Work For, 2024 Best Small & Medium Workplaces in Europe by Great Place to Work®, 2024 Fortune Best Workplaces for Women™ by Great Place to Work® and was named a Leader by Gartner® in the 2024 Magic Quadrant™ for Multichannel Marketing Hubs and a Strong Performer in The Forrester Wave™: Email Marketing Service Providers, Q3 2024. Braze is headquartered in New York with 15 offices across North America, Europe, and APAC. Learn more at braze.com.SHOW NOTES:What Jon learned from being the only person on call for his company's first four years (2:56)Knowing when it's time to get help managing your servers, ops, scaling, etc. (5:42)Establishing areas of product ownership & other scaling lessons from the early days (9:25)Frameworks for conversations on splitting of products across teams (12:00)The challenges, complexities & strategies behind assigning ownership in the early days (14:40)Founding Braze (18:01)Why Braze? The story & insights behind the original vision for Braze (20:08)Identifying Braze's product market fit (22:34)Early-stage PMF challenges faced by Jon & his co-founders (25:40)Pivoting to focus on enterprise customers (27:48)“Let's integrate the SDK right now” - founder-led sales ideas to validate your product (29:22)Behind the decision to hire a chief revenue officer for the first time (34:02)The evolution of enterprise & its impact on Braze's product offering (36:42)Growing out of your early-stage failure modes (39:00)Why it's important to make personnel decisions quickly (41:22)Setting & maintaining a vision pre IPO vs. post IPO (44:21)Jon's next leadership evolution & growth areas he is focusing on (49:50)Rapid fire questions (52:53)LINKS AND RESOURCESWhen We Cease to Understand the World - Benjamín Labatut's fictional examination of the lives of real-life scientists and thinkers whose discoveries resulted in moral consequences beyond their imagining. At a breakneck pace and with a wealth of disturbing detail, Labatut uses the imaginative resources of fiction to tell the stories of Fritz Haber, Alexander Grothendieck, Werner Heisenberg, and Erwin Schrödinger, the scientists and mathematicians who expanded our notions of the possible.This episode wouldn't have been possible without the help of our incredible production team:Patrick Gallagher - Producer & Co-HostJerry Li - Co-HostNoah Olberding - Associate Producer, Audio & Video Editor https://www.linkedin.com/in/noah-olberding/Dan Overheim - Audio Engineer, Dan's also an avid 3D printer - https://www.bnd3d.com/Ellie Coggins Angus - Copywriter, Check out her other work at https://elliecoggins.com/about/
Pennsylvania senator Dave McCormick flipped a seat from democrat to republican when he was elected last year. After receiving a bronze star for his army service during the Gulf War, he held several positions in President George W. Bush's administration. After leaving the White House, he pursued a business career, including a job as CEO of the hedge fund Bridgewater Associates. Earlier this week, FOX News Rundown host Chris Foster interviewed the freshman senator about the then-pending Trump tariffs and his relationship with Pennsylvania senior Senator Democrat John Fetterman. Sen. McCormick also discussed his new book, "Who Believed In You: How Purposeful Mentorship Changes The World," which he wrote with his wife, Dina. We often must cut interviews short during the week, but we thought you might like to hear the full interview. Today on Fox News Rundown Extra, we will share our entire interview with Senator McCormick and learn even more about his point of view on politics, family, and how to achieve success. Learn more about your ad choices. Visit podcastchoices.com/adchoices
Pennsylvania senator Dave McCormick flipped a seat from democrat to republican when he was elected last year. After receiving a bronze star for his army service during the Gulf War, he held several positions in President George W. Bush's administration. After leaving the White House, he pursued a business career, including a job as CEO of the hedge fund Bridgewater Associates. Earlier this week, FOX News Rundown host Chris Foster interviewed the freshman senator about the then-pending Trump tariffs and his relationship with Pennsylvania senior Senator Democrat John Fetterman. Sen. McCormick also discussed his new book, "Who Believed In You: How Purposeful Mentorship Changes The World," which he wrote with his wife, Dina. We often must cut interviews short during the week, but we thought you might like to hear the full interview. Today on Fox News Rundown Extra, we will share our entire interview with Senator McCormick and learn even more about his point of view on politics, family, and how to achieve success. Learn more about your ad choices. Visit podcastchoices.com/adchoices
Pennsylvania senator Dave McCormick flipped a seat from democrat to republican when he was elected last year. After receiving a bronze star for his army service during the Gulf War, he held several positions in President George W. Bush's administration. After leaving the White House, he pursued a business career, including a job as CEO of the hedge fund Bridgewater Associates. Earlier this week, FOX News Rundown host Chris Foster interviewed the freshman senator about the then-pending Trump tariffs and his relationship with Pennsylvania senior Senator Democrat John Fetterman. Sen. McCormick also discussed his new book, "Who Believed In You: How Purposeful Mentorship Changes The World," which he wrote with his wife, Dina. We often must cut interviews short during the week, but we thought you might like to hear the full interview. Today on Fox News Rundown Extra, we will share our entire interview with Senator McCormick and learn even more about his point of view on politics, family, and how to achieve success. Learn more about your ad choices. Visit podcastchoices.com/adchoices
#596: Yesterday, the White House rolled out the biggest tariffs in a century, sending markets into their worst decline since the pandemic. While headlines focus on supply chains and inflation, there are important economic stories you're not hearing about. During the first half of this month's First Friday episode, we dig into what nobody's talking about. And in the second half, we grapple with the headlines. Student loan rules just changed again. The government added new limits to Public Service Loan Forgiveness. Right now, 9.2 million people — one in five borrowers — can't keep up with payments. Many folks don't even know payments started again after that four-and-a-half-year break. S&P just dropped a new report that backs what smart money already knows: index funds crush actively managed funds 90 percent of the time. Even with all those tech stocks dominating the market, you still come out ahead with simple indexing. You know who's gobbling up the mortgage market? Rocket Companies. They just bought both Redfin and Mr. Cooper. They'll handle one of every six mortgages in America. They've positioned themselves at every step of the homebuying journey — from when you search for homes on Redfin to financing and monthly payments for the next 30 years. The White House just made a surprising move with Bitcoin. They're setting up a Strategic Bitcoin Reserve to hold coins long-term. They're also creating a separate stockpile for crypto they seize in legal cases. Pretty clear signal that Bitcoin stands apart from other cryptocurrencies. In the second half, we dive into those significant new tariffs making headlines. The S&P 500 dropped 4.8 percent on Thursday — we haven't seen a drop like that since the pandemic. The new rules put at least a 10 percent tariff on everything coming into the country. Then come the "reciprocal" rates: 20 percent for European goods, 27 percent for items from India, and a combined 65 percent for Chinese imports. We bring in Bob Elliott to make sense of this situation. His credentials are impressive — he spent 13 years at Bridgewater Associates (the world's largest hedge fund), served as head of Ray Dalio's investment team, and graduated magna cum laude from Harvard. During the 2008 crisis, he directly advised the Treasury, Federal Reserve, and White House. Bob offers a reality check about bringing back manufacturing jobs: you can't build factories overnight. These investments take years, and companies hesitate to make 30-year commitments when policies change every few months. Bob breaks down four economic forces all hitting at once: tariffs jacking up prices, government cutting spending, tax policies on hold, and the Fed moving like molasses. Put them together? Yikes. He doesn't sugarcoat it — the short-term outlook looks "pretty negative." Learn more about your ad choices. Visit podcastchoices.com/adchoices
Join Michelle Martin on Money and Me, hosted by Michelle Martin with guest Dr. Anser Aftab, the Principal Program Director for Wealth Management Institute’s Dalio Market Principles Program. As volatility rocks global markets and U.S. recession fears grow, investors are asking: what really matters? Dr. Aftab, formerly of Bridgewater Associates, unpacks Ray Dalio’s macro principles how to distinguish signal from noise and why stability matters more than ever. They explore whether now is the time to go defensive, and what Trump-era policies could mean for investor positioning.See omnystudio.com/listener for privacy information.
What if your business ran like a well-designed machine—one that could evolve, self-correct, and outperform your competition over decades?In this episode, I unpack Principles by Ray Dalio, the billionaire investor and founder of Bridgewater Associates, the world's largest hedge fund. It's not a traditional business book—it's a blueprint for decision-making, culture design, and long-term scaling, rooted in clarity, transparency, and radical self-honesty.This episode is built for venture capitalists, executives, and operators leading at scale—those who are no longer improvising but building enduring systems.You'll hear the 7 most actionable principles Dalio used to scale Bridgewater, reimagined for anyone building the future—from biotech to AI, from global funds to market-leading enterprises.We cover how to engineer feedback cultures, design for evolution, and drive decisions that compound over time. And we tackle the big question: Can you be both a high-performance machine and a human-centered leader?Key Takeaways:Think Like a Machine: Build systems that run without your constant input.Get the People Right: Talent isn't enough—character and growth capacity matter most.Radical Transparency: Trust is built by saying the hard things early and often.Idea Meritocracy: Don't default to consensus. Weight decisions by experience.Shaper Thinking: Zoom out to vision, zoom in to execution—and toggle constantly.Diagnose the Root Cause: Don't waste time solving symptoms.Open-Mindedness as Strategy: Challenge your thinking before reality does.Timestamps:(00:00) Intro: The Principles(02:15) Why This Book Matters If You're Building or Investing in the Future(04:14) Who Is Ray Dalio?(06:21) The Snapshot: What Principles Is Really About (10:05) Build Your Company Like a Machine, Not a Hero's Journey (15:29) Get the People Right (20:40) Radical Truth & Transparency Are Force Multipliers (26:08) Build an Idea Meritocracy (32:26) Shapers Win—They Dream Big, Think Clear, Execute Ruthlessly (37:37) Diagnose Root Causes, Not Symptoms (44:02) Be Radically Open-Minded (50:12) Key Takeaways & Personal ReflectionWhy Listen:Learn how billion-dollar systems are designed and scaledIdentify blind spots in your leadership, org design, or investment thesesEquip yourself with 7 operating principles you can implement this quarterReframe your relationship to truth, conflict, and growthDecide whether to build a machine—or remain the operatorIf these ideas resonate, I strongly recommend reading Principles in full. Or better yet—share this episode with someone you think is ready to level up how they lead and build.Send us a textSupport the showJoin the Podcast Newsletter: Link
Sydney-raised and educated Benjamin Plummer transformed himself from a business adviser and analyst into a startup entrepreneur and a guru in Artificial Intelligence. Ben’s San Francisco-based company Invisible Technologies is quietly powering the AI revolution in the epicentre of AI development, the west coast of the United States. Now, Ben did not start Invisible Technologies, but as CEO he built it big and it is transforming how companies are built and run, by helping them utilise cutting-edge AI technology coupled with the very best human know-how. In a nutshell, Ben and his team have been training the AI used by the world’s leading generative AI providers such as Chat GPT, Google and Microsoft. He also helped build a commercial spin off company alongside the inventor of IBM’s Watson. Along the way Ben worked closely with US billionaire and hedge fund investing guru Ray Dalio at Bridgewater Associates. In this episode, Ben shares invaluable insights, experiences and lessons learned about his journey, and the rapidly-changing landscape of AI. Enjoy!See omnystudio.com/listener for privacy information.
Watch Call me Back on YouTube: https://www.youtube.com/@CallMeBackPodcastTo contact us, sign up for updates, and access transcripts, visit: https://arkmedia.org/Dan on X: https://x.com/dansenorDan on Instagram: https://www.instagram.com/dansenorArk Media on Instagram: https://www.instagram.com/arkmediaorgFor this special episode of Call Me Back, Dan sat down with two long-time friends, Dina Powell McCormick and Senator Dave McCormick, to speak about their new book, Who Believed in You: How Purposeful Mentorship Changes the World. We also discussed Senator McCormick's work on Israel/Middle East foreign policy. Dina Powell McCormick is a partner senior executive at BDT & MSD Partners and was formerly a partner and member of the management committee at Goldman Sachs. She has served in various roles in government, including Deputy National Security Advisor in the first Trump administration, and a number of senior positions in the White House and State Department of in the George W. Bush Administration. David McCormick is a US Senator of Pennsylvania and Chairman of the Senate Foreign Relations Subcommittee on the Near East, South Asia, Central Asia, Counterterrorism. He is the former CEO of Bridgewater Associates and also served in high-ranking positions in the George W. Bush administration. Dina & David McCormick's new book, Who Believed in You: How Purposeful Mentorship Changes the World: https://a.co/d/0uvZceYORhttps://www.barnesandnoble.com/w/who-believed-in-you-david-mccormick/1144556623?ean=9781400235919CREDITS:ILAN BENATAR - Producer & EditorMARTIN HUERGO - Sound EditorYARDENA SCHWARTZ - Executive Editor, Ark MediaGABE SILVERSTEIN - ResearchYUVAL SEMO - Music ComposerZiv Gedzelman - Additional Research
Britt Harris is a legendary figure in finance, having served as CIO for top-five investment funds across Endowments, Public Funds, Private Funds, and Hedge Funds—an achievement unmatched in the industry. Currently, he leads On Eagles Wings Advisors and has previously served as CIO for UTIMCO, the largest endowment for public education in the U.S. He also led Bridgewater Associates and Verizon. Despite his remarkable career, Britt's journey is defined by his commitment to significance over success, inspired by his faith and the mentorship of Bob Buford. In this episode of The Wow Factor, Britt Harris shares his life story from his roots as a fourth-generation Aggie to becoming one of the most influential investors in the world. He discusses how Bob Buford's teachings helped him see that life's highest calling is significance, not just success. He also opens up about the importance of faith, family, and generosity, and how he and his wife, Julia, set a financial finish line that has guided their life of purpose and impact for over 43 years. This conversation is filled with lessons on leadership, decision-making, and living a life of impact and purpose, making it a must-listen for anyone looking to balance career success with meaningful contributions to others. “This is a generation that desperately wants to be taught. They want to be mentored. They're unmoored. They really want to be successful. They've got the technical parts down, but they don't have the relational parts.” — Britt Harris “Success is not the top of the ladder. Significance is.” — Britt Harris “Every great company has a defined culture that is extreme. It's not just something on the wall or something people hear about once a year. It permeates the company. When you walk in as an employee, you either love it or you don't.” — Britt Harris This Week on The Wow Factor: Success vs. Significance: How Bob Buford's mentorship taught Britt that life's highest calling is significance, not just success. Financial Finish Line: Why Britt and Julia set a financial finish line at age 45 and how it shaped their life of generosity and purpose. The Titans of Investing: How Britt's passion for teaching and mentorship led to the creation of a program that's shaped over a thousand future leaders at Texas A&M and the University of Texas. Leadership and Influence: Lessons from managing some of the world's largest endowment funds and leading eight major companies. Faith and Family: How Britt prioritizes his faith, family, and friendships, juggling the ‘glass and rubber balls' of life to maintain balance and purpose. Decision-Making Framework: The five Fs—Faith, Family, Friends, Fitness, and Finance—that guide Brit's decisions in life and business. Living Generously: Insights on why generosity is a discipline that needs to be developed early in life. Work-Life Balance Myth: Why Britt believes true work-life balance doesn't exist but living a life of purpose and passion does. Britt Harris's Words of Wisdom: Life's true purpose lies in pursuing significance over success by living generously, staying grounded in faith, and impacting others through leadership and mentorship. His philosophy centers on balancing faith, family, and purpose to create a meaningful legacy. Connect with Britt Harris: Email Britt The Titans of Investing Connect with The Wow Factor: WOW Factor Website Brad Formsma on LinkedIn Brad Formsma on Instagram Brad Formsma on Facebook X (formerly Twitter)
Britt Harris is a legendary figure in finance, having served as CIO for top-five investment funds across Endowments, Public Funds, Private Funds, and Hedge Funds—an achievement unmatched in the industry. Currently, he leads On Eagles Wings Advisors and has previously served as CIO for UTIMCO, the largest endowment for public education in the U.S. He also led Bridgewater Associates and Verizon. Despite his remarkable career, Britt's journey is defined by his commitment to significance over success, inspired by his faith and the mentorship of Bob Buford. In this episode of The Wow Factor, Britt Harris shares his life story from his roots as a fourth-generation Aggie to becoming one of the most influential investors in the world. He discusses how Bob Buford's teachings helped him see that life's highest calling is significance, not just success. He also opens up about the importance of faith, family, and generosity, and how he and his wife, Julia, set a financial finish line that has guided their life of purpose and impact for over 43 years. This conversation is filled with lessons on leadership, decision-making, and living a life of impact and purpose, making it a must-listen for anyone looking to balance career success with meaningful contributions to others. “This is a generation that desperately wants to be taught. They want to be mentored. They're unmoored. They really want to be successful. They've got the technical parts down, but they don't have the relational parts.” — Britt Harris “Success is not the top of the ladder. Significance is.” — Britt Harris “Every great company has a defined culture that is extreme. It's not just something on the wall or something people hear about once a year. It permeates the company. When you walk in as an employee, you either love it or you don't.” — Britt Harris This Week on The Wow Factor: Success vs. Significance: How Bob Buford's mentorship taught Britt that life's highest calling is significance, not just success. Financial Finish Line: Why Britt and Julia set a financial finish line at age 45 and how it shaped their life of generosity and purpose. The Titans of Investing: How Britt's passion for teaching and mentorship led to the creation of a program that's shaped over a thousand future leaders at Texas A&M and the University of Texas. Leadership and Influence: Lessons from managing some of the world's largest endowment funds and leading eight major companies. Faith and Family: How Britt prioritizes his faith, family, and friendships, juggling the ‘glass and rubber balls' of life to maintain balance and purpose. Decision-Making Framework: The five Fs—Faith, Family, Friends, Fitness, and Finance—that guide Brit's decisions in life and business. Living Generously: Insights on why generosity is a discipline that needs to be developed early in life. Work-Life Balance Myth: Why Britt believes true work-life balance doesn't exist but living a life of purpose and passion does. Britt Harris's Words of Wisdom: Life's true purpose lies in pursuing significance over success by living generously, staying grounded in faith, and impacting others through leadership and mentorship. His philosophy centers on balancing faith, family, and purpose to create a meaningful legacy. Connect with Britt Harris: Email Britt The Titans of Investing Connect with The Wow Factor: WOW Factor Website Brad Formsma on LinkedIn Brad Formsma on Instagram Brad Formsma on Facebook X (formerly Twitter)
เสียงเตือนจาก เรย์ ดาลิโอ ผู้ก่อตั้งกองทุนเฮดจ์ฟันด์ Bridgewater Associates ถึงรัฐบาล ‘ทรัมป์' ให้เร่งมาตรการลดการขาดดุลงบประมาณในทันที ก่อนที่สหรัฐฯ จะเผชิญวิกฤตหนี้ครั้งใหญ่ภายใน 3 ปีข้างหน้า รายละเอียดเป็นอย่างไร เจาะปัญหาสำคัญของ ‘ประกันสังคม' การเพิ่มประสิทธิภาพเพื่อประโยชน์ส่วนรวมของผู้ประกันตนควรทำอย่างไร พูดคุยกับ รักชนก ศรีนอก สส. กทม. พรรคประชาชน ในฐานะโฆษกคณะกรรมาธิการ (กมธ.) การศึกษาการจัดทำและติดตามการบริหารงบประมาณ สภาผู้แทนราษฎร
Bob serves as Co-CIO of Bridgewater Associates, one of the world's largest hedge funds, where he has helped shape the firm's investment processes and strategies for nearly four decades. Bob shares insights on how to engineer an efficient portfolio framework and delves into the psychology of investing and how to practically apply these principles in the real-world.
Send us a textIn this episode, we sit down with Karen Karniol-Tambour, Co-Chief Investment Officer at Bridgewater Associates, one of the world's most influential hedge funds. Karen shares her insights on macro investing, market cycles, and how investors can navigate an increasingly complex global economy. From the impact of central bank policies to shifting geopolitical landscapes, she breaks down the forces shaping today's financial markets and what they mean for Wall Street professionals.We also dive into her investment philosophy, how Bridgewater approaches systematic decision-making, and why understanding economic principles is crucial for building a resilient portfolio. Karen offers a rare behind-the-scenes look at how one of the largest hedge funds in the world thinks about risk, returns, and the future of investing—plus, the key lessons she's learned throughout her career.Whether you're an aspiring investor, a seasoned finance pro, or just someone looking to better understand global markets, this episode is packed with valuable takeaways. Tune in to hear how one of the most respected minds in finance sees the road ahead and what it takes to succeed in today's market environment.Check out Public.com at the link http://public.com/wallstreetskinnyOur Investment Banking and Private Equity Foundations course is LIVE: Or for our "Express Workout", our one hour top 5 technicals you must know for investment banking Masterclass, purchase for $49 HEREOur content is for informational purposes only. You should not construe any such information or other material as legal, tax, investment, financial, or other advice.Public Disclosure: All investing involves the risk of loss, including loss of principal. Brokerage services for US-listed, registered securities, options and bonds in a self-directed account are offered by Public Investing, Inc., member FINRA & SIPC. Public Investing offers a High-Yield Cash Account where funds from this account are automatically deposited into partner banks where they earn interest and are eligible for FDIC insurance; Public Investing is not a bank. Cryptocurrency trading services are offered by Bakkt Crypto Solutions, LLC (NMLS ID 1890144), which is licensed to engage in virtual currency business activity by the NYSDFS. Cryptocurrency is highly speculative, involves a high degree of risk...
From assembling elite teams at Ford Motor Company and Sun Microsystems to navigating the high standards of Bridgewater Associates, Steve Fitzgerald has honed the craft of leadership—yet every other day, you'll find him carving through fresh powder in the Rocky Mountains. As a seasoned HR leader, startup advisor, and board member, Steve has spent three decades weaving together people and profits, championing both efficient business outcomes and more fulfilling personal lives. In this episode, Ryan and Steve dive into the principles that have shaped Steve's unconventional career path, such as strategic leaps of faith and walking away from corporate safety in pursuit of authentic balance. They explore Ray Dalio's “pain plus reflection equals progress” outlook, offering tangible takeaways on how to welcome tough feedback, develop a growth mindset, and build teams that thrive on continuous practice.
Jeff spent nearly three decades at Bridgewater Associates, rising from research roles to Partner and Head of the Portfolio Strategist Group before departing at the end of 2023. He brings deep insights into market dynamics, investor psychology, risk assessment, and investment frameworks drawn from his extensive experience at one of the world's most renowned hedge funds.
In this episode ofLook What She Built, Jaime sits down with Erin Smith, a powerhouse sports psychologist and executivecoach, to talk about what itreallytakes to thrive in high-performance environments. Erin shares her fascinatingjourney from working at the legendary (and intense) Bridgewater Associates to launching her own coaching practice,Driven Beyond Excellence.They get real about:
In this episode, Ray and Peter discuss the changing world order, China vs. the USA, and Ray's thoughts on the future of the US. Recorded on Feb 3rd, 2024 Views are my own thoughts; not Financial, Medical, or Legal Advice. Ray Dalio is a renowned investor, hedge fund manager, and philanthropist who founded Bridgewater Associates, the world's largest hedge fund, managing approximately $130 billion in assets as of 2022. While no longer actively managing Bridgewater, Dalio remains influential, serving on the firm's board and mentoring its strategies. In 2024, he launched the Dalio Market Principles Program in Strategic Investing for Family Offices, an educational initiative through Singapore's Wealth Management Institute. He is a thought leader committed to causes like education reform and social inequality through "The Giving Pledge." Dalio continues to influence global markets, economic discourse, and investment education, leaving a profound legacy in finance and beyond. Read a preview of Ray's upcoming book here: https://www.linkedin.com/pulse/how-countries-go-broke-introduction-chapter-one-ray-dalio-3wjae/?trackingId=N1iU2nZfSAGBn6rbKjrpQA%3D%3D https://www.linkedin.com/pulse/how-countries-go-broke-chapter-two-three-ray-dalio-w1gue/?trackingId=7a0JpA8PQ%2BCrVA99sifjGw%3D%3D ____________ I only endorse products and services I personally use. To see what they are, please support this podcast by checking out our sponsors: Get started with Fountain Life and become the CEO of your health: https://fountainlife.com/peter/ AI-powered precision diagnosis you NEED for a healthy gut: https://www.viome.com/peter Get 15% off OneSkin with the code PETER at https://www.oneskin.co/ #oneskinpod _____________ I send weekly emails with the latest insights and trends on today's and tomorrow's exponential technologies. Stay ahead of the curve, and sign up now: Blog _____________ Connect With Peter: Twitter Instagram Youtube Moonshots
Bill Magnuson is the co-founder and CEO at Braze, along with Kevin Wang, who joined as employee #8 and serves as the CPO. The two MIT graduates have built Braze into a publicly listed customer engagement platform with a $4.4B market cap. In 2023, Braze surpassed $500M in CARR, and serves over 2,200 customers worldwide. Before Braze, Bill spent time at Bridgewater Associates. Kevin's academic background is in brain & cognitive sciences, and prior to joining Braze he worked at Accenture and Brewgene. – In today's episode, we discuss: The Braze founders' early insights into the mobile revolution How a TechCrunch Hackathon sparked Braze's creation The journey from 1,000 beta signups to 2,200+ paying customers Breaking traditional lean startup rules Navigating early fundraising challenges Finding product market fit by “fishing in every pond” Approaching competition strategically like a boxer Much more – Referenced: Accenture: https://www.accenture.com/ Appboy: https://www.braze.com/resources/articles/appboy-social-network-for-mobile-apps Bipul Sinha: https://www.linkedin.com/in/bipulsinha/ Braze: https://www.braze.com/ Bridgewater Associates: https://www.bridgewater.com/ Jon Hyman: https://www.linkedin.com/in/jon-hyman/ Mark Ghermezian: https://x.com/markgher MIT: https://www.mit.edu/ Rubrik: https://www.rubrik.com/ WeWork: https://www.wework.com/ – Where to find Bill: LinkedIn: https://www.linkedin.com/in/billmagnuson/ Twitter/X: https://x.com/billmag – Where to find Kevin: LinkedIn: https://www.linkedin.com/in/kevin-wang-96131916/ – Where to find Brett: LinkedIn: https://www.linkedin.com/in/brett-berson-9986094/ Twitter/X: https://twitter.com/brettberson – Where to find First Round Capital: Website: https://firstround.com/ First Round Review: https://review.firstround.com/ Twitter/X: https://twitter.com/firstround YouTube: https://www.youtube.com/@FirstRoundCapital This podcast on all platforms: https://review.firstround.com/podcast – Timestamps: (00:00) Teaser: Finding “terminal value” product market fit (00:24) Introduction (02:34) Bill's insights into the mobile revolution (04:43) Lessons from Bridgewater Associates (09:12) First principles thinking in action at Braze (14:14) Meeting co-founders at an NYC Hackathon (24:35) Braze's scrappy scaling (33:37) Early product development (39:37) From 1,000 beta signups to 2,200+ paying customers (43:51) Braze's fundraising struggles (47:01) Breaking the rules of a lean startup (53:02) Riding the mobile wave to success (60:02) Building a global customer base (64:04) The never-ending quest for PMF (70:29) 3 things every founder needs to know (73:56) Navigating competition like a boxer (79:03) When scale helps or hurts (80:32) 1 thing they've learned from each other
Paula Davis shares best practices for keeping your team engaged and motivated. — YOU'LL LEARN — 1) Why to shift focus from performance to people 2) How to keep your team connected and motivated 3) The tiny noticeable things that improve team dynamics Subscribe or visit AwesomeAtYourJob.com/ep1027 for clickable versions of the links below. — ABOUT PAULA — Paula Davis JD, MAPP, is the Founder and CEO of the Stress & Resilience Institute, a training and consulting firm that helps organizations reduce burnout and build resilience at the team, leader, and organizational level. Paula left her law practice after seven years and earned a master's degree in applied positive psychology from the University of Pennsylvania. She is also the author of Beating Burnout at Work: Why Teams Hold the Secret to Well-Being & Resilience and Lead Well: 5 Mindsets to Engage, Retain, and Inspire Your Team. Her expertise has been featured in numerous media outlets including The New York Times, and Psychology Today.• Book: Lead Well: 5 Mindsets to Engage, Retain, and Inspire Your Team • LinkedIn: Paula Davis • Company: StressAndResilience.com — RESOURCES MENTIONED IN THE SHOW — • Book: Over Work: Transforming the Daily Grind in the Quest for a Better Life by Brigid Schulte • Book: The Fund: Ray Dalio, Bridgewater Associates, and the Unraveling of a Wall Street Legend by Rob Copeland • Book: The Upside of Stress: Why Stress Is Good for You, and How to Get Good at It by Kelly McGonigal— THANK YOU SPONSORS! —• Acorns. Start saving and investing for your future today with Acorns.com/awesome • Earth Breeze. Get 40% off your subscription at earthbreeze.com/AWESOMESee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Paul Podolsky is an author, podcaster, journalist, and investor who spent time in Russia in the 1990s, and then worked on Wall Street for over two decades, much of it at Bridgewater Associates, the world's largest hedge fund, with Ray Dalio as his boss. His father worked on the Manhattan Project, with Robert Oppenheimer as his boss. Today, we talk about his newest book, an absolute delight to read — The Uncomfortable Truth About Money: How to live with uncertainty and learn to think for yourself Summary In this conversation, Paul Podolsky shares his journey from a challenging childhood marked by loss to a successful career in finance. He discusses his experiences in Russia during the 1990s, the lessons learned about money and security, and the importance of understanding economics. Paul reflects on his time at Bridgewater Associates under Ray Dalio, emphasizing the unpredictability of wealth and the necessity of financial literacy. The discussion also touches on the significance of curiosity and continual learning in both investing and life. In this conversation, Paul and Bogumil explore the intricate nature of investing, the importance of embracing uniqueness, and the psychological implications of wealth. They discuss insights from notable investors like George Soros, the challenges of navigating change and disruption in the market, and the necessity of maintaining calm amidst volatility. The dialogue culminates in a reflection on the true meaning of success and the responsibilities that come with wealth. Podcast Program – Disclosure Statement Blue Infinitas Capital, LLC is a registered investment adviser and the opinions expressed by the Firm's employees and podcast guests on this show are their own and do not reflect the opinions of Blue Infinitas Capital, LLC. All statements and opinions expressed are based upon information considered reliable although it should not be relied upon as such. Any statements or opinions are subject to change without notice. Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies. Investments involve risk and unless otherwise stated, are not guaranteed. Information expressed does not take into account your specific situation or objectives, and is not intended as recommendations appropriate for any individual. Listeners are encouraged to seek advice from a qualified tax, legal, or investment adviser to determine whether any information presented may be suitable for their specific situation. Past performance is not indicative of future performance.
This episode, featuring living Legend, Ray Dalio, is a masterclass in principles, decision-making, and personal growth. Ray shares his journey from starting Bridgewater Associates, the largest hedge fund in the world, to discovering the power of humility and learning from failure. We explore how writing down principles, embracing thoughtful disagreement, and building meaningful relationships have been key to his success. We also dive into the art of balancing audacity with humility, the impact of meditation on creativity, and the value of radical transparency. Ray's perspective on decision-making and evolving through failures will leave you with actionable takeaways to apply to your personal and professional life. Plus, don't miss our conversations on pattern recognition, the importance of self-awareness, and Ray's practical advice on managing challenges like bipolar disorder. It's a deep, honest, and inspiring discussion that will resonate with anyone seeking to refine their mindset and achieve lasting success. Tune in now to learn from one of the world's greatest minds and hear insights that can transform the way you think, act, and grow!
Mark Harris, co-founder of ColdSpark strategies, was the General Consultant for the successful Dave McCormick 2024 Pennsylvania Senate race - arguably the lone true upset of the '24 Senate cycle. In this conversation, Mark talks his roots in PA politics - including running for office himself, ousting a sitting legislator in a GOP primary, and multiple stints helping elect and re-elect GOP Senator Pat Toomey. Then Mark goes deep on his role helping elect Dave McCormick to the US Senate - starting with McCormick's ill-fated '22 race...getting back on the horse in '24...clearing the GOP field...challenging a proven Pennsylvania political institution...and ultimately winning a close race many pundits expected to break toward the Democratic incumbent.IN THIS EPISODEMark's roots in Pittsburgh & why he ran for office when he was 22...Why running Pat Toomey's 2010 Senate race was Mark's "dream job"...Mark's front row seat to the tumultuous period of PA politics around veteran Senator Arlen Specter's 2009 switch from Republican to Democrat...Mark weighs in on how PA politics has transformed over the past 20 years...Mark's insight on how Pat Toomey won two tough Senate races, despite a non-traditional background for PA politics...How Mark and his firm initially connected with Dave McCormick in his first Senate race in 2022...How Mark was viewing the '24 race against Bob Casey over a year out...How the McCormick campaign navigated a Trump endorsement and cleared the GOP primary field...Mark's best practices on how GOP candidates should pursue a Trump endorsement...The headwinds of running against Senator Bob Casey...The appealing personal bio that McCormick brought to the race....How late focus groups changed the McCormick closing message...How the McCormick ad campaign departed from the traditional GOP playbook...The voter subgroups the McCormick campaign identified as the most important...How the McCormick campaign appealed to "soft pro choice voters" and Black and Latino men...Why the McCormick team was one of the only GOP campaigns that preferred Dems nominate Harris instead of Biden...Why the abortion issue didn't sink McCormick in a 60% pro-choice state...How Mark was interpreting results coming in on Election Night...Mark's thoughts on Democratic erosion in the Dem base in Philadelphia...The approach Mark brings to races as a General Consultant...Mark's views of the potential of PA Dems Josh Shapiro and John Fetterman as national candidates...Mark's travel tips for spending a couple of days in and around Pittsburgh...AND Lou Barletta, James Blair, Bob Brady, Bridgewater Associates, George W. Bush, Herman Cain, Susan Collins, Mike Devanney, flippant poll questions, gold watches, Orrin Hatch, Chris LaCivita, Rush Limbaugh, Katie McGinty, Zell Miller, midnight pay raises, Tim Murphy, muscle atrophy, Dr. Oz, Nancy Pelosi, Primanti Brothers, Andy Reilly, Ed Rendell, Tom Ridge, Rick Santorum, Joe Sestak, shadow primaries, Matt Smith, Tom Smith, Arlen Specter, Brad Todd, West Point, Susie Wiles...& more!
In this episode from our archives, the Bridgewater Associates founder sits down with Gwyneth to talk about how they hear and hold criticism, how to have tough conversations, and how we can engage in thoughtful disagreement. To learn more about listener data and our privacy practices visit: https://www.audacyinc.com/privacy-policy Learn more about your ad choices. Visit https://podcastchoices.com/adchoices
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