Topic
17 facts from 2 episodes, in date order. These are what speakers said on the shows, each linked to the moment it was said. They aren't independently verified.
1929
Ray Dalio said that when profits failed to justify stock prices in the late 1920s, the resulting dynamic produced the Great Depression.
“the profits don't live up to the price, then that causes this other dynamic, and it produced the Great Depression.”
1945
Ray Dalio dated the last reset of his roughly 80-year big cycle to 1945.
“Uh, we went through that, uh, the last time, 1945.”
1971
Ray Dalio said gold functioned as money until 1971 and is still the second largest reserve currency held by central banks.
“this was money, not until, um, 1971, and it's still the second largest reserve currency, central banks hold reserve currencies.”
1975
Ray Dalio founded Bridgewater Associates in a two-bedroom apartment in 1975 and grew it into the world's largest hedge fund.
“you founded Bridgewater Associates in a two-bedroom apartment in 1975, and you grew it to the world's largest hedge fund.”
Undated
Tony Robbins says Ray Dalio told him that holding 8 to 12 uncorrelated investments cuts risk by about 80% while keeping the upside.
“The holy grail of investing is to find 8 to 12 uncorrelated investments that you feel strongly about. If you find 8 to 12 of those, you reduce your risk 80% and keep your upside.”
Undated
Ray Dalio said Bridgewater Associates produced about a 12% return with no significant losses, uncorrelated with other investments.
“We produced, uh, about a 12% return with no s never any significant losses, and it was uncorrelated with other investments.”
Undated
Ray Dalio gave the example of a company that raises $50 million at a $1 billion valuation, where only $50 million was actually paid in, to show how paper wealth is created.
“let's say you raise $50 million, and you value the company at $1 billion. Only $50 million was actually spent on that company.”
Undated
Ray Dalio said the United Kingdom has had a new prime minister in six of the last seven years.
“The UK has had, I think, 6 out of the last 7 years, there's been a new prime minister.”
Undated
Ray Dalio put current inflation at roughly 3.5 to 4% a year.
“three and a half or 4%, um, uh, happens to be about where it is now.”
Undated
Ray Dalio said he holds about 1% of his portfolio in Bitcoin.
“I have about 1% of my portfolio in Bitcoin because there's different kinds of money that and the money that you can't print, that's one kind.”
Undated
Ray Dalio said hard money such as gold should be between 5 and 15% of most people's portfolios.
“make sure that I have some hard money, which for most people should be between 5 and 15% of their portfolio.”
Undated
Ray Dalio said that when Russia's other assets were confiscated, its gold was not, which he used to argue for holding gold.
“Think about how different it would be for Russia. Okay, they confiscated these kind of other assets, um, they didn't get these.”
Undated
Ray Dalio said the shorter business cycle from one recession to the next has lasted about six years on average, give or take three.
“on average, has lasted about 6 years, uh, uh, give or take about 3.”
Undated
Ray Dalio said that in Connecticut 22% of high school students have dropped out or are failing, with absentee rates above 25%.
“22% of the high school students have either dropped out of high school or are failing with absentee rates of greater than 25%.”
Undated
Ray Dalio said that in debt crises governments often impose capital controls and exit taxes to stop wealthy people leaving with their money.
“and in these cycles, uh, quite often, they put in capital controls because they think people are leaving”
Undated
Ray Dalio said a Chinese blockade of chips leaving Taiwan could crash world stock markets, showing China's non-military leverage.
“chips come out of Taiwan. We could imagine what would happen if they blockaded chips leaving Taiwan.”
Undated
Ray Dalio said his video 'How the Economic Machine Works', about thirty minutes long, has been watched by 140 million people.
“how the economic machine works, it's I think it's thirty minutes, and it's been watched by 140 million people”
Episodes