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The Federal Reserve announces its eagerly awaited first rate cut of 50 basis points since the outset of the Covid pandemic with policy makers predicting one further cut this year. The market reaction was mixed with Wall Street closing lower, despite the Dow and S&P 500 initially scaling fresh all-time highs. Equities in Asia saw strong gains following the news from the Fed. Our colleagues in Asia speak to Bridgewater Capital's Ray Dalio who warns that soaring debt levels Stateside will still prove challenging for the central bank. We are live in Brittany, north-west France, where Spanish green energy giant Iberdrola opens a €2.4bn offshore wind farm. Chairman Ignacio Galan tells CNBC grid expansion is crucial. Investors await today's Bank of England rate decision with a potential expansion of quantitative tightening expected. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Asian stocks hold steady following disappointing retail and manufacturing data out of China. The U.S. moves closer to a default with no agreement between lawmakers. Budget talks will resume at the White House later today. Ray Dalio's Bridgewater Capital offloads its shares in 5 of the largest regional American banks following the recent turmoil. However 13- F filings show that two major hedge funds have bought regional bank stakes despite the volatility. The EU passes Microsoft's $69bn Activision takeover in contrast with the UK's denial of the deal. The bloc's anti-trust chief Margrethe Vestager tells CNBC exclusively that the decision is not a contradiction. And President Emmanuel Macron has courted €13bn of blue-chip investment money during the Choose France business summit.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
#57: Former Navy SEAL Commanding Officer Mike Hayes joins Chris to discuss leadership principles, strategies for successful communication, building confidence, and the most important lessons that he learned while serving in the Navy SEALs.Mike Hayes (@thisis.mikehayes) is a 20-year veteran of the Navy SEALs, where he last served as Commanding Officer of SEAL Team TWO, overseeing a 2,000 person Special Operations Task Force in southeastern Afghanistan. He is also the former Director of Defense Policy and Strategy at the National Security Council, Chief Digital Transformation Officer at VMWare, and author of Never Enough: A Navy SEAL Commander on Living a Life of Excellence, Agility, and Meaning. Full show notes at: https://www.allthehacks.com/purpose-meaning-mike-hayes Partner DealsVuori: 20% off the most comfortable performance apparel I've ever wornInside Tracker: 20% off personalized wellness & nutrition plans backed by sciencePoint.me: $1 trial w/ this link (and the code ALLTHEHACKS)Riverside.fm: Sign up here and get 15% off with code CHRIS Selected Links From The EpisodeConnect with Mike Hayes: Instagram | TwitterMike's Book: Never Enough: A Navy SEAL Commander on Living a Life of Excellence, Agility, and MeaningMike's Sunapee, New Hampshire Restaurant Recommendation: The AnchorageThe US National Medal of Honor Museum: https://mohmuseum.orgPodcasts mentionedAll the Hacks podcast #19: Andy Rachleff Become a Better InvestorAll the Hacks podcast #39: David Marquet The Language and Actions of Great LeadersAll the Hacks podcast #47: Arthur Brooks Finding Happiness, Success and Deep PurposeAll the Hacks podcast #52: Liz Moody Hack Your Health (While Still Enjoying Life)Full Show NotesThree principles to aim for in everything you do [1:50]Why Mike's book: Never Enough is relatable regardless of the life path you choose [4:32]Two lessons Mike learned during a near-death situation in Peru [6:01]Using examples of his time with the Navy Seals; Mike explains how debriefing with questions like “What could I have done better?” leads to success [8:54]The importance of delivering a message in a way that maximizes the probability of growth in a professional environment [11:59]As a former Director of Defense Policy and Strategy, Mike explains the exciting and uniquely high-pressure situations that he has experienced in the White House Situation Room [15:43]Strategies for learning from failure, and the value of being confident AND humble [17:14]Manufacturing discomfort, pushing yourself harder to live in the struggle, and stretching yourself beyond your perceived limitation, to increase confidence [19:49]Cost-benefit analysis: simply following the rules versus pushing beyond toward innovation and entrepreneurship [26:38]Focusing on the outcome and using the most efficient method toward achievement, and the four most important verbs to focus on during a meeting [29:22]Chris and Mike share methods they use to politely refocus a meeting [32:53]Mike's perspective on why asking for help is a sign of strength and why hard, intrusive questions must be asked [38:24]Building a positive ecosystem and network through relationships with others [43:48]Technology and tactics to improve presence and focus during conversations [46:12]Lessons learned from high-stakes situations in Iraq about slowing down, staying calm, and maintaining focus [49:19]How the principles described in Mike's book “Never Enough” change in importance throughout a person's life [51:52]Mike speaks of his mission to do great things for others, the purpose of writing “Never Enough”, and why he is passionate about its success [55:57]Advice about getting as much sleep as possible for optimal performance [58:05]Mike's restaurant recommendation in Sunapee, New Hampshire [59:41]Where to find Mike online and ways to support his missions [1:00:44] Quotes:“We're only excellent if we know we're never excellent enough.” -Mike Hayes SponsorsInsideTrackerInsideTracker provides a personalized plan to improve your metabolism, reduce stress, improve sleep, and optimize your health for the long haul. 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After recording, you can use Riverside's editor to make ready to publish videos with a few clicks or easily download separate audio and video tracks and edit until your heart's content.To get 15% off your plan, use code CHRIS at allthehacks.com/riverside VuoriVuori is a new and fresh perspective on performance apparel. Perfect if you are sick and tired of traditional, old workout gear. Everything is designed to work out in, but doesn't look or feel like it. The product is incredibly versatile and can be used for just about any activity like running, training, swimming, yoga; but also great for lounging or weekend errands.To get the most comfortable and versatile clothing on the planet with 20% off your first purchase (plus free shipping on any US order over $75 and free returns) visit allthehacks.com/vuori Connect with All the HacksAll the Hacks: Newsletter | Website | Facebook | EmailChris Hutchins: Twitter | Instagram | Website | LinkedIn
Chris has a fascinating background. After studying economics, business and psychology at Stanford and Harvard, he worked as a trader Ray Dalio at Bridgewater Capital, the world's biggest hedge fund (now with $150b under management), to a private investor, author, father, athlete and biohacker. Like me, Chris believes in the numbers! After a couple of rounds of Data-Driven Fasting, he's been trying to get his Silicon Valley biohacker buddies to try it to optimise their health. As a data-driven engineer who's dabbled in trading, I thought it would be fun to chat with Chris about how we can manage our psychology and biology with data. How can we tame our lizard brain to avoid self-sabotage that is often caused by our self-doubt in any area, including nutrition? It was fascinating to hear how Data-Driven Fasting helped his brain find peace and calm around food and nutrition. Having peace that your body will get food exactly when it needs it is a nice change from the anxiety that popular extended fasting methods can often cause.
“A SPAC is really a management team that gets together with a sheet of paper and writes a plan.” In today's 1:30 episode of The Radio Free Enterprise Minute, Steve Kann of Bridgewater Capital shares a clear and very succinct definition of a Special Purpose Acquisition Company. Watch, search, download, or listen to our entire conversation, “Should I Really Consider Going Public,” on Radio Free Enterprise: https://radiofreeenterprise.com/should-i-really-consider-going-public-steve-kann/
“Dilution? You're trading stock certificates for cash. It's the investor who's getting diluted.” In today's 1:40 episode of The Radio Free Enterprise Minute, Steve Kann of Bridgewater Capital makes the argument that it is early investors, not founding entrepreneurs, who experience true dilution. Watch, search, download, or listen to our entire conversation, “Should I Really Consider Going Public,” on Radio Free Enterprise: https://radiofreeenterprise.com/should-i-really-consider-going-public-steve-kann/
“They are looking for opportunities to invest in a management team and in a business model or technology that is solving a major market problem or addressing a very large market opportunity.” In today's 1:25 episode of The Radio Free Enterprise Minute, Steve Kann of Bridgewater Capital talks about what the investment community is looking for when seeking a firm to take public. Watch, search, download, or listen to our entire conversation, “Should I Really Consider Going Public,” on Radio Free Enterprise: https://radiofreeenterprise.com/should-i-really-consider-going-public-steve-kann/
“Since Sarbanes-Oxley, management and the board are really on the hook, both corporately and personally, for decisions they make that might adversely affect shareholders.” In today's 1:18 episode of The Radio Free Enterprise Minute, Steve Kann of Bridgewater Capital talks about the personal risks associated with being a high-level executive or board member of a publicly traded company. Hear our entire conversation, “Should I Really Consider Going Public,” on Radio Free Enterprise: https://radiofreeenterprise.com/should-i-really-consider-going-public-steve-kann/
This week the boys interview Cara Miller. Cara has previously worked at the University of San Diego, Harvard and now consults to companies like Bridgewater Capital as a leadership and developmental coach for her own company Inquiry Partners. Cara dives into giving and receiving feedback in all aspects of your life to help you and those around you develop past your current abilities. Join the AS Online program: www.acceleratestrength.wodify.com and use the code ASPODCAST to get your first month FREE instagram.com/shaun.diachkoff instagram.com/mattwilliams.coach instagram.com/developmentalcoach https://inquiryp.com/ - Check out Cara's work here!
Bio TK Kader (@tkkader) is an Entrepreneur and SAAS founder who started his journey at the age of 13 creating a piece of software for his father He then went on to build HipCal which was acquired Plexo, Spent 3 years at Bridgewater Capital working for Ray Dalio, Founded ToutApp and grew it to $7 Million ARR before being acquired by Marketo, Stayed on as the SVP of Strategy at Marketo to help the company get acquired by Adobe for $4.75 Billion TK is now the founder of Unstoppable Strategies focusing on creating high achievers and teaching them to create an unstoppable life and business Show Highlights The Key to Building a Successful Business - 7:00 Coaches Walk the Path to Heal Past Trauma - 9:00 One More Feature Trap - 14:00 Listen to Your Customer - 19:00 The Defintion of An Entrepreneur - 23:00 Iron Man Suits For Humans - 29:00 The Best Thing About Startups is the People - 32:00 Lessons from Working With Ray Dalio - 36:00 2 Questions to Change Your Life - 43:00 Building out ToutApp - 47:00 Treat Yourself Like a Pro Athlete - 52:00 The Importance of Celebrating + Culture - 56:00 Building Great Teams - 1:02:00 The Master Plan - 1:05:00 Purpose - 1:09:00 Living a Proactive Life - 1:14:00 Closing Thoughts - 1:16:00 Top 3 Takeaways Listen to Your Customer Treat Yourself Like a Pro Athlete Embrace the Journey Resources Follow Zach @zachmobius Start Growing Your Business - Online Biz Quiz Follow TK - @tawheed Check Out TK's YouTube Channel Punch the Sunday Scaries in the Face with Unstoppable Sundays
Many business owners envision the idea of taking their company public as the ultimate exit strategy, with many millions or even billions of dollars waiting at the end of the rainbow. But is "going public" really all it's cracked up to be? What are the different ways you can take your company public and what are the potential downsides of the effort? This week's guest, Stephen Kann, is a partner at Bridgewater Capital, a capital markets advisory firm that helps companies go public and navigate being public. In 25 years they've been involved in over one hundred transactions totaling well over $1 billion. There are a lot of ways to take your company public, but in Thursday's conversation Frank asks Steve to focus on just three: an Initial Public Offering; a Special Purpose Acquisition Company; and a Reverse Merger. Frank also shares his experience as the CEO and Chairman of a Dot Com company that went public using a reverse merger 20 years ago. If you've ever entertained the idea of being the founder of a public company, you don't want to miss this conversation.
Many investors are surprised to learn that a typical 60/40 stock-bond mix has 85% of its underlying risk concentrated in the 60% of the portfolio allocated to equities. Taking inspiration from the All Weather Portfolio popularized by Bridegwater Capital's Ray Dalio, the RPAR Risk Parity ETF (RPAR) spreads risk evenly across a portfolio comprised of four different asset classes. The objective is simple: deliver risk-adjusted outperformance across an entire market cycle and through all market environments. So far, RPAR has gathered assets at an impressive clip - no doubt a result of its impressive performance throughout the current market turmoil. The managers behind one of the most successful ETF launches of the past year (RPAR) join Let's Talk ETFs to explain exactly what makes their fund tick. Show notes 5:00 - RPAR Risk Parity ETF (RPAR): A bird's eye view of the strategy underlying the fund 6:30 - What is the history of this type of strategy's performance? 8:00 - How is your fund different from the All Weather Portfolio popularized by Bridgewater Capital's Ray Dalio? 10:00 - RPAR: A "True" risk parity strategy 15:00 - Why is this not exactly an index fund? 20:45 - On duration risk: Why the strategy always invests in longer duration treasuries? 25:00 - Dealing with a rising rate environment 26:15 - Relative to a 60/40 mix what would the standard deviation of RPAR be? 27:00 - What's the maximum drawdown an investor in the fund could expect? 31:30 - Specific holdings: (BAR) versus (GLD) for physical gold exposure 35:00 - Why individual companies versus an ETF for commodity producers exposure? 40:00 - What are the top equity positions? 42:00 - Is the fund meant to be a core or a satellite portfolio holding? 45:30 - Who is buying RPAR? Retail versus institutional investors 50:00 - The current macro outlook - and why risk parity makes sense no matter your point of view
Ray Dalio is the billionaire founder of Bridgewater Capital. Perhaps more importantly though, he is the author of Principles for Success. There are many great insights in the book. This particular one, around problem solving, really resonated with me. Seeking a solution to a problem is really just a short term fix. To really make the changes you need to make, you need to identify the root cause of the problems you encounter. Here's the video presentation of Ray's book. Highly recommend that you take the 28 minutes and 46 seconds and watch this... https://youtu.be/B9XGUpQZY38 #principles #achieveyourgoals #achievesuccess
Tune in this week to hear the story the story of Jon Sherman and his business, Sticky's Finger Joint. Listen for the ups and downs along Jon's unlikely journey into entrepreneurship. This episode takes you from Jon's early days at JP Morgan and Bridgewater Capital to the humble rise of Sticky's Finger Joint into chicken finger glory. Make sure you catch the lessons learned and Jon's advice for entrepreneurs at the end of the episode. Episodes released every Monday. Keep an eye out for the third episode dropping December 9th!
This week Phil and Danielle celebrate the 200th episode of InvestED: The Rule #1 Podcast! During this episode, we talk about how you can guarantee success in investing and life. We talk about Ray Dalio, the owner of Bridgewater Capital, who manages $160 billion in assets. Ray manages all of his money based on a very strict set of investing principles. He’s been able to achieve phenomenal returns. 18% over the past 36 years. For show notes and more information visit www.investedpodcast.com Learn more about your ad choices. Visit megaphone.fm/adchoices
DescriptionOne of the best things you can do as a new entrepreneur is get yourself a mentor, and solicit as much feedback and advice from others as possible.But how do you know which pieces of advice are worth following, and which you should kindly disregard.In today’s episode, the guys talk about how they think about advice-taking. The discuss tactics they use to absorb any advice they receive, and how they filter through the masses of opinions in order to find those worth listening to. Selected Resources and Links from the Episode· Principles by Ray Dalio· Bridgewater Associates – Ray Dalio’s Hedge Fund· Ep #11 of the Capable Wealth Podcast – Real Estate Investing Is Awesome – 5 Reasons Why Show Notes· Ben talks about the difference between professional life and being a dad. [4:15]· Ben gives us this week’s Treps Hack. [7:00]· The guys get into the main topic of the show. [10:15]· How Ray Dalio uses relevance-weighted voting to make decisions at Bridgewater Capital. [14:45]· Tai Lopez vs Elon Musk. [19:25]· JP discusses his experience with taking advice around real estate investing. [21:50]· The necessity of decisiveness even when evaluating advice. [25:30]· Ben tells us about his experience working with the Army and their decision-making process. [26:30]
Following stints at some of Wall Street's largest and most prestigious investment firms - Goldman Sachs, Bridgewater Capital and AQR Hedge Fund - Nate started CAM with his partner to focus on little followed, niche markets in the Commodities markets, i.e. nickel, zinc, lead, palladium, aluminum and other even lesser known commodities. Able to be long or short, mostly in the Futures market, they use fundamental analysis and quantitative metrics, and do not pursue trend following, which is the more typical approach for commodities trading. Investors today often seek a low-correlated investment for their portfolio, and many are turning to commodities for diversification from equity and fixed income markets. Listen to this conversation to learn about this unique way to add diversification to a portfolio, and able to create profits in rising or declining markets.
U ovoj epizodi je gost Nikola Otašević iz dalekog Mountian View-a, suosnivač i CEO Refdasha, startupa koji želi da unapredi i pojednostavi regrutovanje IT inženjera. Pored priče o tome kako izgleda pokrenuti stratup u Silicijumskoj Dolini, Nikola je govorio i o bitnosti eksperimentisanja u biznizu i životu, o filozofiji radikalne iskrenosti s kojom se susreo u hedge fondu Bridgewater Capital i o tome kako i da li je moguće primeniti neke lekcije iz Silicijumske doline u Srbiji. Beleške su dostupne na TheNutshellTimes.com