Topics Discussed in Lex Fridman Podcast #251 – Lex Fridman & Ray Dalio: Money or power, Big Cycle, Collapse of the American Empire, War, Xi Jinping, Importance of freedoms, Democracy’s vulnerability, Communism’s vulnerability, Vladimir Putin, Understanding China, Henry Kissinger, Bitcoin, Elon Musk and Dogecoin, How to take notes, Advice for young people, Hope for humanity.
Lex Fridman Podcast: Conversations about science, technology, history, philosophy and the nature of intelligence, consciousness, love, and power. Lex is an AI researcher at MIT and beyond.
Raymond Thomas Dalio is an American billionaire investor and hedge fund manager, who has served as co-chief investment officer of the world's largest hedge fund, Bridgewater Associates, since 1985. He founded Bridgewater in 1975 in New York. A $5 million investment from the World Bank's retirement fund was made within five years. His innovations are regarded as some of the best in the industry, having popularized many commonly used practices, such as risk parity, currency overlay, portable alpha and global inflation-indexed bond management. Dalio was born in New York City and attended C.W. Post College of Long Island University before receiving an MBA from Harvard Business School in 1973. Two years later, in his apartment, Dalio launched Bridgewater. In 2013, it was listed as the largest hedge fund in the world. In 2020 Bloomberg ranked him the world's 79th-wealthiest person. Dalio is the author of the 2017 book Principles: Life & Work, about corporate management and investment philosophy. It was featured on The New York Times best seller list, where it was called a "gospel of radical transparency."