21 Burst results for "Delio"
Do the celebrities help the startups or do the startups help the celebrities?
"So this week. We saw that josh richards. Who is a tiktok star previously of the sway house which is one of the many tiktok mansions that have kind of popped up over los angeles as influence or homes. Josh richards is joining remiss capital and early stage venture firm as a venture partner. And as i'm sure we will get into not super nudist see celebrities get into venture space. They have huge reach. They can do a lot for especially consumer businesses with a simple instagram story. And so maybe the place to start with with the josh richards. Conversation is like really bullish on this transition. What would we say like what is good about this transition and then we can make the jokes because i know there will be jokes. But let's start with why this makes sense. Alex i okay. I have been critical in the past of celebrity investing. Because it's always struck me as little bit frivolous but i think that's because i underestimated the cultural impact of people of the moment and according to iverson will group text that i'm on with my friends. Talk is the thing. So if you are an enormous star in the tiktok world getting you involved with the company makes a lot of sense and my thought here is that i think in the old as we go to see more endorsements opposed to investments. You know you'd say like we're going to get you know josh richards or charlie delio or bryce. I'm reading the notes price hall to endorse your party to the long tail of knowledge for tiktok star. I see tiktok. But i don't know who the people are because i'm not cool at all but i think now with took being so popular and having so much cultural resonance with people that are out there using their dollars so in mark influence. It's probably reasonable that these people are going from being endorsers to be invested because once they have more money themselves and they have enough power deployed demand a seat at the table to get some ups. I did a piece of the pie. So i want to make jokes but i won't. I'll just say that in the past celebrity has had a mixed track record. But in this case. I think bringing attention via celebrity and tiktok makes sense. Okay danny leterrier pros and cons. And then i will finish this off. I think the big question is always do. The celebrities helped startup or the startups helped the celebrities. I think some celebrities have made a lot of money on their investments by think in many ways celebrities get access and in in many ways. I'm not sure they actually create the value for these companies. But because of the celebrity status they sort of get an allocation the otherwise it wouldn't have been able to get you know obviously if you're having a startup the targets gen z. Tiktok is the platform to go about do that. I just don't think it helps anyone else you know i. I just think about the company's like okay. Let's let's hope about sky flow. You know this is the polymorphic. Encryption data security company. Get josh richards to help. On what i'm kidding. Of course not so its seat and that's ultimately like you know. I think it's always about these brand plays. I'm in new york. We have a ton of successful brand plays because of the so like may richards endorses bro. And its next round and is like the the next to the guy in the commercials. I forget which the famous movie stars was on there. No one knows that this group. We're not that demographic. Danny this is where the show. We're just taking a right to the gutter. I think they're definitely serves. They can use this. I think it's fine to venture partner. Josh has been very entrepreneurial and getting a bunch of stuff out there. But what i've heard. The guy makes f ton of money saving our producers gave them work there but a ton of money doing all these sponsorship deals. I think it's fine. I just think we have to like not change coverage and we focused on in which companies make money based on which celebrities are attached to which companies like. It's always good to go back to the dollars and sense and so. I don't think it changes what we do here at techcrunch. I'm certainly not going to cover story. I actually been pitched stories. That are like gosh. Richards has invested in this company. I was like. I don't know who that is. Take this to not work in my experience talking to celebrities in and around technology events. More broadly i talked to a former doctor who about surface once that was a fiasco but i did. Enjoy my child with jared leto at a boxing event because one. I got to take a picture with him. I was topless now funny and to he actually had some pretty good he is about starts so i think there is the occasional investor who's also celebrity. Who can do some reasonable things. I'm curious to see how this bears out. Ashton kutcher is investments. Have been up and down. So we'll see. But i'm not going to be dismissive of the kids.
Billionaire Investor Ray Dalio urges capitalism reforms to fix wealth 'national emergency'
"One of the most successful investors of all time is somebody you probably have never heard of despite his net worth of eighteen billion dollars, Ray Delio avoids extensive interviews and has not allowed news cameras. Full access to his firm Bridgewater associates until now he predicted the two thousand eight financial crisis. Now, he sees a prolonged period of sluggish economic growth and the threat of a confrontation between the US and China, but there's a greater danger Delio wanted to warn us about. So we figured it would be a good investment of our time to do a deep dive on the principles of Ray Delio. When a billionaire invites you to his boat. You've got it go. Terrific data be out on the water, especially if he sends the choppers take you we flew just north of Nassau in the Bahamas to me Ray dally off air at lined up. Big enough. A Lucia is one hundred eighty foot long research ship and Ray dallies, pride and joy. Well, what a wonderful place to meet you. Thanks for having. Dallaglio love scuba diving bought it nine years ago. He wouldn't tell us for how much, but he had it decked out with scientific year including submarines that can dive a half mile fantastic. Great fantastic. There we go. Before we go deeper, we should tell you what's on his mind. Dallaglio who grew up middle class is alarm about the growing divide between the haves and have nuts. He points out that over the span of a decade. America's lowest paid workers had just a fourteen percent chance of rising to the middle class. What has happened to the American dream? I think the American dream is lost. I think for the most part. We don't even talk about. What is the American dream? And it's very different from when I was growing up. What's not working? It's not redistributing opportunity, we can call it a wealth gap. You can call it an income gap. And so I think that if I was the president of the United States or it has to come from the top. What I would do is recognize that this is a national emergency. It's bad. If you look at history, if you have a group of people who have very different economic conditions, and you. Have an economic downturn. You have conflict in the thirties. For example, you had four major countries that were democracies that chose not to be democracies because they wanted leadership to bring water to the conflict. I'm not saying we're going to go there. I'm saying that right now, it's a huge issue. It's unfair and at the same time it's unproductive and at the same time it's threatens to split us spends a lot of time thinking about where the markets and the world are going here at the financial powerhouse. He built Bridgewater associates is tucked in the woods of Connecticut at the confluence of two rivers popular for fishing. Fifty miles from the chaos of Wall Street. So you play com- com- this critical. You know, the motions will kill you at sixty nine Ray Dallaglio bears little resemblance to any Wall Street shark. He's more like a quirky professor Dallaglio has joined fellow billionaire, Bill Gates and others in their belief that the concentration of wealth in fewer and fewer hands is a threat to democracy, so should taxes on people. Like you the raised. Of course, you say, of course, of course, one way were another important thing is to take those tax dollars and make them productive. Very very recently. The idea's been that cutting taxes on people like you will promote productivity. Yeah. That doesn't make any sense to me at any sense at all. So it's gotta be through taxation. Yes, am I saying something that's controversial? It's just strangely here. It come from the mouth of a billionaire. I've lived the American dream. You know, his father was a jazz musician, his mom, a homemaker dally bought his first stock when he was twelve with money. He earned as a golf caddy today. Dallies firm manages one hundred sixty billion dollars. It has all the excitement of an insurance agency dallies analysts don't chase the gyrations of the market. Instead, they quietly study centuries of history looking for patterns in stocks politics, anything to help by winning investments Delio is especially bullish on China, which he predicts will be the greatest economy of the twenty first century and America's greatest rival last year. His global approach helped him earn a remarkable fifteen percent for his clients. While the Dow dropped six percent, we see the successful Ray. But you hit some bumps along the road on the way here. Yeah. Like in the eighties. You bottomed out. Oh, yeah. The Federal Reserve is less able to revive that. Then he was a Wall Street whiz. Kid absolutely certain a depression was on the horizon. The economy is now teetering on the brink of failure. He was wrong, very wrong. He missed the boom of the nineteen eighties. I read that you called yourself in Aragon jerk was an arrogant year. I had tomorrow ten thousand dollars from my dad take care of my family, your musician, dad had to cough up ten thousand dollars to keep you afloat. Yeah. And it was one of the best things. Really that have happened to me because it changed. My whole approach the decision making it gave me the humility that I needed to balance with my daddy because he took nude of his failures and other lessons over the next twenty five years and wrote principles pub. By Simon and Schuster, a division of CBS. Two million copies of the book have been sold worldwide. It's dallies recipe for creating what he calls an idea meritocracy. So what I mean is that I wanted to system in which the best ideas went out, and I would describe it as tough love, and I wanna get there through radical truthfulness. In other words, people say what they honestly mean and radical transparency allows people to see things for themselves. So get rid of the office. Extel young politicking there's a rule here that you can't talk behind anybody's back. You do that three times you're out of here. Everybody at Bridgewater is monitoring everybody else. Almost all the time. We saw it at this meeting where workers and managers gave each other grades in real time. What sort of grades? Do you get you could see like I get blasted a lot. There's a bit of a big brother vibe here that Cameron is an hours. It's their nearly every meeting is recorded and scrutinized. Can you understand somebody looking at it from the outside that sounds a little strange? No, I understand I even a little creepy. I totally understand how that could sound that way. You also have to understand that when you're doing this awhile. And you look at other organizations and people are not open with each other. And they're hearing a lot of spin that from this point of view that seems creepy you have a high turnover. I would say in the first eighteen months, it's about thirty. Maybe a little over thirty percent to thirty percent sounds like a lot some people describe it. As an intellectual navy seals. You know, you go certain percentage or not going. Make it. And that's the way it is think what you want. It's hard to argue with success Bridgewater has made money for its clients. Twenty five of the last twenty eight years. This is other worldly. Shipwreck? Whether it's investing or exploration Dallaglio goes his own way. A while your fellow billionaires base os Branson, Elon must they're all going into outer space. They're headed towards Mars and the moon you choose to go
Capitalism needs to be reformed, warns billionare Ray Dalio
"So right Dallaglio is a legendary hedge fund manager, essentially, he basically founded Bridgewater associates is a hedge fund based in Connecticut now, basically, the world's largest hedge fund firm, they run a hedge fund and also along only strategy, but they manage about a more than one hundred and sixty billion in assets and money for pension funds and globally around the world. So they he basically is considered one of the best investors of his time. And now turning himself into something of social critic to say, the least so Eric chats who is followed for years interviewed him a number of times. He was the one I believe who sort of spotted this new essay and really picked out some of the things some pretty alarming things that radio said here. That's right. So right. Allie of has been has been pounding. On this issue louder and louder over the past couple of years where he's been saying this wealth inequality issue is really going to come to roost in the US. But in his latest essay today. He basically said he sounding the alarm that capitalism. Needs to be reformed to involve more people to give more people a chance to move up essentially because we're just seeing the data show that more and more of the top is getting richer and richer and the bottom sixty percent is falling further and further behind he also really pinpointed a couple of things related to healthcare and life expectancy that we're really seeing the bottom sixty sixty percent lag more severely on those issues. That's the point that struck me the most we switch always hear from politicians is people are living longer. So you can work longer. Let's push it further out. But that is absolutely not true of the middle class is absolutely not true of people who drive trucks and lift heavy things for a living. And what he said is Americans earn less being being worse. Guilt and dying earlier, basically. Because the lack of that wealth. They don't have the opportunity for better medicine better food at a better quality of living in a to me that that strikes the nerve right on the head. And I it was a great great lawn. And he did so often sometimes we feel that people will write some things in the point things out. But then there's no solutions or recommendations. So he did follow up with a part to today quickly. After in updating his letter and say here are some of the things I think might help one of them creating more public-private partnerships and another is he does talk about tax reform in terms of that there should be ways to basically top tax the top more. He does caveat it saying that it shouldn't be disruptive to economic prosperity. And not really elaborate on how that could be. But he does put that point on taxes need to be looked at and there there should be some targeted economic help for the middle and lower class, and one of the other interesting things, I think he he points out is we talked so much about like the one percent. And the point one percent. He's. Really focused on this idea of sort of the forty percent versus the sixty percent, which I think is really important, and he points out that those in the upper group that top forty percent have on average ten times more wealth than the rest, and that was six times in one thousand nine hundred eighty I mean, the disparity you don't have to know that much about math to understand how much wider that chasm is at this point. Right. And we should say it's unclear how how deeply this will resonate with people in the middle and lower class. Because in all fairness, Ray Delio has running a hedge fund that as investors and pension funds regular workers for many years, but he is also a billionaire. He has benefited from the capitalist system, right? But he also started out as a lower middle class worked his way up. So he built us from the ground up. He he knows what it's like to be in that
"delio" Discussed on Boston Herald Radio
"You. So I wrote in editorial which talked about Bob Delio. Exactly. Yeah. Like everybody else. Did you know? Right. Right. And so so the reporter who asked the question. Said. Mattie. You contacted me and social media. No. Deehan speaking. He's with the. Yeah. Okay. We h. Yep. Said aren't you? Glad I asked the question to me was does that mean that he's guessing I was supposed to give credit him. It might this is a good question. Actually, actually. Thank you Hillary. 'cause it into an actual important relevant. I don't know how. Month breathing through marketable, not only form words today. Time will tell but you've been able to place those words coherent order. I'm not I. Yeah. It sounds. It. Sounds a little like that. But you know, listen in an editorial. I don't see it as much as columnists like a columnist like like Jones banenky, right? For example. Is to cite me when she used a quote that. I got right. And I was very appreciative. Now. I don't a lot on columnists, for example, Maureen Dowd, not only did she. Oh, at least, you know, what she mentioned that paper. So at the very least you mentioned the newspaper. She actually quoted my quotes that I got. A few times and one of them. She like it was her entire column. Anyway. So that might be that. But I wouldn't take it too. I wouldn't get too like outrage about it was a private communication which to Facebook walls. But it wasn't. But we've gotten along. A nice enough guy. I mean, I would be just like ha Sharam, you know, just treat it as whatever. I did. It wasn't just wasn't. Yeah. I would it is. I mean. Yeah. I guess there's there's definitely a little something new best wishes. Yes, I like it. But I actually wrote off of the herald reporters. Right. You don't have any indication of well, and it's a scrum. I mean, I'm sorry. But when you're when there are several reporters in an area, and they're all asking questions of the speaker for the most part, you usually don't need to cite like, for example, the quote that I got from McKean that Maureen Dowd ended up using as like the entire basis of her column was on the phone with McCain. It was just me. No one else had that, you know. So. I know in sports if you're reading a piece and say, Kevin Duffy writes a game report. And Tom Brady's quoted. I don't have to say well Kevin Duffy spoke with Tom Brady today. It's a shrum. Everybody gets to get the only other thing would be if if it was a question that no one else. Nobody was expecting to be asked. Right. So like there had been times when I always had to be the turn the Punch Bowl. I always had to ask the question. Everybody wants to be buddies with these guys, and you have to ask them, you know, things that bother them because whatever. And then sometimes I'd have to ask them like specific things that maybe weren't on the items of the day. But I wanted them to speak to and if somebody had used that that's also sort of a another shade of credit, whereas you are in a scrum. But you've asked something that maybe no one else would've. Asked. Usually when you're in the scrum. You are your you've got a roster of things that you're pretty sure we're going to be asked. And I would think that the gas tax question. Well, I don't know. Did they did the news only break because Diene asked about randomly about gas tax? If that's the case, then he a little whatever, you know. That's that's something that people weren't thinking of asking. And he specifically asked it that's pretty cool 'cause 'cause that's a big chunk in news that came up out of or was Dalil just meeting with reporters, and they will just throwing things at him. I know we're we're, of course, like spitballing five million different scenarios. Usually when it happened on Monday. Yes. Yes. It was after the leadership meeting, which means everybody was waiting outside, whatever office and. Came out and. So anyway, I'd have to sort of read up on it. But I've gone. This was after the breakfast, right? Oh, so he already announced it at the breakfast. I'm pretty sure maybe not. I don't know. I'm sorry. I'm sorry that I'm not. I think we've flicked plumbed the depths. All right. So the first the first Google trying to the week. What what are you make guess Shattuck? And we'll see if you can guess the most you are cert- with the fifth most Google thing. Exactly. So we will start with the fifth most googled thing this week. Go ahead, sir, Arianna 'Grande who's gotten is soccer feud with Lil Kim. Well, there was a boyfriend probably kilted somebody anyway. Your hat. Alan. I'm sorry. Ellen gig our chat Allen, gag sorry. Get me every time. I mean, you can always go to the chat album. Well, I will say I was I was watching SNL do the best hits of Stefan. And at one point they kept on mentioning MTV's, Dan Cortes. Every time. It got me, man. I was like oh, yes. You will. Absolutely win me over with Dan Cortes, make fun of Dan Cortez. I'm good with that. Anyway, I it is Saint Patrick's Day, sir. People are advanced googling Saint Patrick's Day. Because of course, they wanna be on in the no win the day is what exactly who is this crazy seat rat trick of the snakes snakes. Yeah. I know what every year any pets comes around. I am just delus- with a thousand thoughts usually. I gotta go. Yeah. What I really need to know is which bars are offering the biggest Saint Patrick's celebration, which to Guinness to have a shamrock foam. Well, or might there be a MARTINI for a? You know, Irish. Mexican twist there. Margarita. I'm sorry. That was a bungled joke. Anyway. In Chicago the river goes green. No, no, it's true. You know, Savannah, Georgia will tell you that they have the biggest Saint Patrick's Day celebration. I'm not kidding. The cabbie who you can only imagine. I was thrilled that he wouldn't stop talking to us about things to do while we were in savannah made sure that we knew that there. Saint Patrick's Day is way bigger than anywhere, apparently, huge metropolis. Tropical is known for their Irish was before Sherman got they're known for their Irish. The way I saw it was watching chronicle last night, which is by far the best local TV show, ever, look Runako. And the guy described his house was built in eighteen thirty which is in Maine as antebellum. Isn't. A southern thing. Yeah. I thought it was only before everything was burned down in the south. I mean. Yeah. I don't know. It was a period, I guess, but I mean appear a space in time. But it does seem sort of odd. Well, there was the great the great deep south of the north. Make sure to burn all those. Oxbridge? Stronghold they indeed specifically found those spots and burned. Question for this is this is a good thing. Both of you guys can. For some reason my adult friends want to they want to go to a bar Saturday now. So last year they went to the six of them is this after they're playing beer pong. No, they were probably doing. So last year at ten thirty in the morning, they go to this bar and Maldon I got to do something. So I can't meet them to like to. So I go at two o'clock, and there's a huge perfect balden Irish line. That's eight blocks Y. Oh, I'm like, I try to approach you guy and tell them my friends in there, and he's just. Thank about it. And then my friend who's in there. Caddick twenty bucks, except except my friend who's in there. Dana as a matter of fact. Comes out tipsy tries to give the doorman twenty bucks. Can't take anything back. He they're not doing. They're not playing games. No operation. So virtually they all come out of the place and half an hour later just sauced everybody in. So I'm the only one with a car in now, what was going to be a fun day is a terrible, right? I was on there. So now tomorrow, they wanna go to try the same bar, and I said, I can't get out guys. I can't my my wife and daughter are having a haircuts tomorrow. So I can't do meet them the idea of just blowing Saturday being wasted on Guinness. Also is not really all that awesome anymore. So so now, there's this new police actually got the press release in Harvard square that want having a thing called the beat Blount or something. Oh, yeah. I do. Yeah. So now, they're doing that at ten thirty. So that's even farther away from me to get there from to get to do anything. But they're all to throw them. You have to do to me. So anyway, I'm torn because it's a total waste of day by the time. I get there. They're all gonna be drunken idiotic. I don't want to I'm thinking you've driving. So that if I want to is so they all suck. I can just drop them off at wherever the woman can go home. It's just a condom. Every there's always there's nothing out there for me. You know, I'm not saying. Because I somehow I know that I'm gonna be condemned. I'm already condemning Southcenter generally manipulate and do stuff, but but I'm afraid that is going to be a bigger condemnation. How is selfish for you to be like looking after the kids? It's not even about Miguel. Find a way. No, it's about going at all. Because I don't wanna go by the time. I get there. They're all wasted must have jumped on that train with them earlier. Oh, I see. So that's why you're selfish has not because. Right. They wanted me to cut to cancel the haircuts. But that I was not doing. So that's something that God will judge and say really fatty you need to get that. Yeah. Canceling your wife or daughters that one is going to happen. Yeah. No good defense. But enough. The fourth most Google thing. We'll cancel your wife's haircut. When we shop you must sometimes hanging around drunk people. Not really not. I mean occasionally. Yeah, we'll we'll get out and they'll drink, but it's never never to the point. When when I was drinking when everybody was just absolutely smashed out of their minds, and I probably made more sense than they did. Which is a scary thought. But yeah occasion. I'll go over friends, but they don't start drinking until we all get there. It's like I don't show up to a place where pro Ryan sitting for three days already on their way. And again, they control themselves a lot better than I did back, you know, twenty years ago when I drank much anymore. I don't think but you're Spencer. So you don't go out. Right. Indeed. But would you when's the last time you hung out with somebody who was drunk where you weren't? I was I remember there was we played at a when the band played somewhere, and they were talking about. God damn the movie with Casey Affleck, Manchester by one of my favorite imagine a drunk person talking about Manchester by this. I should have been there. Crummy. Not it's not like they were just buzzed. Well, you know, and they were wasted. And they were talking about Manchester by the sea movies. And it was it was thoroughly like would zip from Casey Affleck is so hot. In a movie where you really not supposed to be thinking that not really not really the order other responsible guy, but admits yourself to that. Damn thing. Such a great film. Downers cold. Mostly detached tragedy. Boston accent? But the filthiest white trash Boston accent repeat he's got a blue collar job..
"delio" Discussed on The Jordan Harbinger Show
"I think that's so critical and unusual. It's it's actually it's a theme that jumped out when I did an episode with a crew of NASA, astronauts who who had to trust people. They didn't like. Oh, yeah. So imagine that you are you're coming out of the US navy, and you've gotten picked to live your lifelong dream and fly into space, and you were told that when you're crewmates is going to be a Russian Cosma cosmonaut who when you were in the navy was your enemy, and you are going to fight the Cold War against him. And now, you gotta fly with the guy, and he's not particularly friendly, and he's kinda nasty about, you know, whether you're any good at your job and clearly thinks that he's superior, and you probably don't enjoy interacting with that guy very much. But you're life depends on being able to trust them. And know that he's competent and also that he believes your competent. And I think it's really hard for people to get past that right to say, hey, I wanna I wanna put my life in the hands of of somebody that I don't even enjoy interacting with. And I thought it would that something that more people ought to learn how to do. So how did you? How did you get to that point who good question? I think probably it comes down to the one thing that's coming readily to mind here is little decisions. So if I have the ability to say to somebody, hey, you know, the reason that you're not getting this speaking slot. For example, is because you're actually not as dynamic of speaker as the other people that got shows around you. I could have I could say that. Right. And I probably would. But the other thing I could do is go, but I really want Jim delight me. And so I'm not going to tell him that he's not as dynamic of a speaker. And that he should improve that I'm going to say, you know, that whole event is kind of just a popularity contest. It's kind of just a boys club. You're never gonna get that. I I should've told you before. But I thought maybe they change their ways. But they haven't same old crap. You're great don't let them get you down. You know, and that would have made that person feel better. And be like Jordan's got my back. He's on my side. I like him. But I think I was able to achieve that by saying, look, you're not as dynamic of a speaker. You should Email this guy and take some lessons, and it will really go far. You're not really what they're looking for right now at this type of event, but don't feel bad. You just don't have enough reps under your belt, it doesn't necessarily make that person. Like me. It doesn't have to make them dislike me, but they sure like me less than if I stroke their ego, and or protected their ego. It's just that I was able to give them feedback that they could use instead. And so I have to make those decisions in real time. As those situations arrive, kind of just take note of when I'm I have the ability to give somebody real feedback, for example, or blow sunshine up their skirt. It's a lot easier for me to just to now make. That decision knowing that it's the long game that matters for me. And that that is exactly what Ray Delio tries to Bridgewater. In saying, look, you've got to be willing to cause people a little emotional pain in order to help them improve. And the reality is that the most of us are afraid to do that. We don't want to hurt people's feelings. Even if in the long run it's going to help them. And I think that's a that's a disservice to other people, especially when you're dealing with things like financial markets, or well any business actually, it seems like a great idea. I would imagine in that workplace though, there's a lot of you really have to get down to people's motivations..
"delio" Discussed on Biz Talk Radio
"Again to investor's edge. I'm Adam sergeant in for Gary kaltbaum. Case you're just joining us. We spent the first part of the show going over the major indices we had a little bit of technical difficulties. So we're back if it got cut off prematurely, let me just recap by saying that the market. Has changed considerably ladies and gentlemen for the over the last ten years or nine and a half years. We've been in a relentless bull market this week. The Russell two thousand fell into a bear market number one nine today on Thursday, the NASDAQ fell into a bear market. Now, why is it important because when the facts change in comfort on us to change as well. And one of the big advantages that we have over the big institutions is that we don't always have to be fully invested at all time. Meaning there's no rule out there that says you have to be long all the time or you have to be short all the time where you have to be in the market all the time. So if you with the knowledge that most bear markets last eighteen to thirty six months. You're okay with the fact that it's okay to take a breather. Don't have to physically be long fully invested one hundred percent. Allocated long in a down market. I mean, it's your prerogative. Right. So for me, I'm always a big fan of the best idea wins Ray, Delio famous. The biggest hedge fund guy out there actually has a great line where he says idea meritocracy and when he creates in his office. There's no ego. It doesn't matter where the idea comes from. It's literally just the best idea wins. And the best idea wins concept. Really resonates. Well with me because it's the same thing in markets. We all have different opinions. We look at the exact same facts. But there's different opinions. And it's the best idea wins. And what I mean by that by best idea wins. It comes down to the simple simple. I guess way of keeping score is is the statement right at the end of the day, you make money you lose money. So the best ideas win, meaning how you aligned with the market you fighting the market or you getting yourself aligned with what's actually happening. What I recommend everybody. Do is it just take some time, and you can go in any free. Charting software stock charts dot com, free stock charts dot com or anything along those lines. And you basically have the ability to just look at daily charts weekly charts look at monthly charts and look at annual charts. And if you look at an annual chart of the Q Q or the s p y which is the essence of the cues, NASDAQ one hundred s p y is the S and P five hundred and take a look at the annual chart, you can go to free stock charge dot com. Just hit annual yearly. And you'll see this year looks very very similar to two thousand where the entire ninety s more or less you up up up almost every year. In the qs. And then March of two thousand you had this big big pop early in the year for the first quarter and then much lower by the end of the year. Then you two and a half three year bear market where it didn't bottom until October VO two after falling eighty three percent. That's the NASDAQ one hundred one hundred biggest stocks in the NASDAQ in then rallied for five years, you fell hard no eight big bear market there. And then March of oh nine you bottomed and you just been relentlessly rallying every single year since so then this year now get a big rally earlier in the year. And then now it's negative and that big negative reversal were up opens higher but closes lower. That's what happened in two thousand grant in two thousand and closed much lower than where it is. Now compared to the prior year's close, but also in two thousand and topped out in March of two thousand here, we didn't talk about until. Q three or Q four depending on which index you look at but really until the end of Q three is when we go back to August of Q three for the NASDAQ and for the Russell, and then a p probably not into timber. So you've got a situation here where in two thousand you had a lot more time before the end of the year, but still yet more or less eight ten year bull market in the ninety s big big blow off top climax run very similar pattern on an annual basis here for the cues that doesn't mean we're gonna fall into a three year bear market doesn't mean we gonna fall eighty percent. It just simply means that what has happened in the past. What's happening now is not good. Let's put it that way. And what is happening in the past could very well happen again. So again, Li Zimin take your time with the market. We're clearly in a downtrend and don't fight the tape that's strongly strongly recommend. So when we're in a situation now, let's move. On because we've talked to a math major indices, and again, sorry, if we got cut off earlier with the time in the music, but just be careful because of the fact that the facts have changed and have changed considerably now in the short term. Remember, there's different timeframes of the market. There's short intermediate and long in the short term. We're very oversold to the downside. And what's happening is where do to bounce now. Short-term bounces aside. Well, actually know what let me stop and talk about that. Because I might have been part of the segment that got cut off bear markets. When markets are going down. The biggest rallies in history. If you go back and study history, the biggest up moves happen in bear markets. Why because you get a confluence of factors number one. You've get a lot of short-covering and number two. You get a lot of buy the dip crowd shows up, and that's very very powerful. Now. But happens is they're called sucker rallies. Are dead. Cat bounces you suck people in. Unfortunately, by definition downtrends. A series of lower highs and lower lows. What happens is after that big beautiful, quote unquote rally it hits a wall rolls over and hits new lows. And by the way, that's exactly what we've been seeing in the major indices since Q three. Look at the q for example, the NASDAQ one hundred or look at the look at the Russell. You've got two or three. Big guess waves down followed by two or three big waves up into declining moving averages the fifty day moving average each time. The NASDAQ the Q the NASDAQ one hundred fifty moving average since it broke below it. It's failed and rolled right over. Now. Those rallies from those oversold bounces have been really steep really strong. And they look really really good and they were attractive. Okay. The parties, you know, the bear markets over parties back on time. The by let's load up. But the problem is is that you run into a situation where the rally short-lived rolls over and it fails. So again, let's keep that in mind. Where we are short-term where we are in a meeting where we are long-term clearly short-term, we're oversold that doesn't mean we can't continue to fall can oversold markets can easily get a lot more over soldiers. Overbought markets can easily get a lot more overbought remember, at least general human nature, one of my predecessor, just my foundations of everything is human nature doesn't change you walk into a credit theater anywhere in the world. You get the same exact reaction if he yell fire a respective of your language. Raise your religion, your socioeconomic level you education anytime in history five thousand years before five thousand year today headed today today. It doesn't matter human nature doesn't change. So. In the markets exact same thing. And it's really important for all of us to keep that in mind and keep a level head about us because you don't want to be in a situation where? Us digging when the market zagging. So. Take our time..
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"delio" Discussed on WBZ NewsRadio 1030
"Praised, for governor Charlie Baker along with a warning about President Trump from an advocate. For a woman's right to choose with. A stroke of his pen governor Baker wiped at archaic law banning abortion. In Massachusetts off. The books. And took a verbal swipe at President Trump's domination. Of judge Brett Kavanagh to the, US supreme court and what that, light being for the court's Roe v Wade decision and I said many times that I think the Senate needs. To exercise its advise and consent responsibilities especially. With respect to, the, precedent issues associated. With row as part. Of that. Review process at the state house Mike Macklin WBZ NewsRadio ten. Thirty meantime a three day weekend for lawmakers on. Beacon hill isn't sitting right with house speaker Robert deleo speaker says he's disappointed at the senate's decision not to meet during three of the. Remaining five days of formal sessions Delio says he had. Planned with The previous Senate president to have everyone present for the weekend they could put some pressure on committees to complete their reports. Senator Karen. Spilka. Was sworn in yesterday as the new Senate president Senate passed several bills. And then, adjourned until Monday Spilka telling these statehouse news service the body did plan to start taking its override votes on Monday spokesperson says there, will still be sufficient, time to get all the work done before the end of the session all things cannabis on display at the Hynes convention center today and, tomorrow Carl Stevens reports from Cannock on one of the many cannabis. Companies with the, booth here at Cannock on is a Newton based company called Mary med I talked, to Tim Shaw he's o of Mary med they've helped companies across the country get going in the medical marijuana. Space and he's looking forward to getting, moving here in Massachusetts Massachusetts is right smack in the middle of New England we. Have six million folks, in Massachusetts alone so the opportunity here in mass I think is better than anywhere else in the country. Except for the country of Calif He's excited about the prospects, of the don't use marijuana being available for sale but right now a Massachusetts nobody's selling it at least not legally from the, Hynes convention center Carl Stevens WBZ NewsRadio ten thirty embarrassing night. For an off duty police chief out on Martha's Vineyard Akina chief Randy bylane apologizing today, after a taxi driver dropped. Him off at the wrong address, after he went out for a night of drinking first birthday he. Ended up, inside a strangers home scaring those homeowners who ended up calling nine one one TIs berry police say, they found their island colleague confused and intoxicated they escorted him to his. Home a few doors down no one was hurt WBZ news time five twelve sports now with Tom Cuddy in the as hticket dot com sports studio. Red Sox and twins game, two four at Fenway Chris. Sale starts sale eleven win sale wants to go long tonight is important, you know as a starting pitcher get as deep deepening, games you want a lot of people get caught up. On strike outs and stuff like that I. Mean they're nice but at the end of the day your job is the pitches deep into that game as you can And keep as few. Rows off board so they're both and they've been working. Hard so anytime we can give them, a, little bit more rest is is nice Chris sale patriots off their. Practice field, right tackle Marcus cannon left early, already you walked. Off with a trainer. Halfway through. The session that's never. A good sign lots. Of patriots, training camp available right now on Twitter at Tom, Cuddy sports Yankees without Aaron judge at least three weeks probably longer chip fracture right wrist..
"delio" Discussed on Trumpcast
"Extradite men kill me absolutely many many countries i don't go to there's certain countries absolutely won't even touch you know i won't go to dubai i i won't go to malaysia won't go to bottom aula because they're they're all countries that would hand me over and heartbeat but even some countries that you think might might be reasonable countries so just recently italy was the time minister of italy is an openly proputin guy and i was supposed to be going to meet with members of parliament in italy and after my spanish experience i thought to myself you know i i don't want ended up having the italians trying to curry favor with putin by handing me over and so i just cancelled my trip and this is one of the countries where you're trying to pass a version of the magnitsky act right so that must be tough if the lobby long distance well i mean there's some countries i didn't travel to it all while i love estonia and the estonians their borders right on there they sit right on the border with russia and they've actually grabbed people from inside studio and took them back to russia so i never went there but we won't get into magnitsky act passed estonia without having to go there and so it's not an absolute prerequisite well bill we wanted to check in with you after yesterday and of course stay safe and keep up the good work thank you so much that's it for today show trump cast is produced by jason delio i wanna thank you guys for the ratings and reviews and giving us on itunes they really curious up over trump gas and i'd like to ask you a favor could you give us a few more or maybe those of you who haven't gotten around to it it's really helpful because it helps people discover the ship i'm jacob boys for thanks for listening to trump cast
"delio" Discussed on KQED Radio
"The boss tells it what tells the path or you're going to have one man one vote and there's a problem there because either autocratic decision making like the boss knows best or one man one vote that's silly because people know different things and so they both those are flawed so we came up with believability waited decision making and it's it's an important concept try to people there one person has the experience precisely in what you're talking about so they're highly believable and so all five could vote and the other four could add vote mr believable the easiest way to explain it as give you example supposing you have an illness and and you're deciding how to approach that well you don't know much about it so you go to a doctor well if instead you pick three doctors who are the most believable in other words experts who in that and they're willing to disagree with each other taft thoughtful disagreement so that you hear them argue or triangulate on the path you're probability of making a better decision is much greater if they're at odds and you start to explore why they're at odds and you see how that works then you being again a lot of information that's helpful making the decision and then you have to make a decision and the way you're going to make that decision if you're smart is you're gonna believe ability way that what you've heard so you'll listen to one doctor more than another based on his believability than you make your decision that improves your probability of being right i'm speaking with ray delio the founder and co chairman of bridge associates the world's largest hedge fund his book is principles life and work we'll talk more after a break podcasts of tech nation biotech nation and tech nation health are available at i tunes stitcher and other podcasts.
"delio" Discussed on Bloomberg Radio New York
"Push back and ray delio thing came up with a very very interesting take on linked and this is what he said recent geopolitical developments have led me to raise my probabilities of a trade war and other types of wars and this is where it gets interesting where he talks about capital wars cyber wars and of course that's where the pain could be we have this story that this is the next progressive leg of this story do you think that that is where this mahfouz was had goes to i mean there has been sort of concern in financial markets that china may use huge war chest of us treasuries to threaten a partial liquidation which would really hurt the treasury market and spill over to the us equity market but i think if you look at the way that china's conducted itself on this front it's very unlikely that they would prompt accelerated reduction and i think if you look closely at the data in the us shows the chinese holdings if anything have drifted up a little bit over the last year so i don't think that a disjuncture necessarily see capital wars occurring i think the the big thing really now is how quickly we move ahead we'll be focused on the china us to go show sion's in reality they could take months if you look at the after negotiations and example they've tracked on for over half a year i don't think we'll see sort of a quick resolution on the china us front i think the us will be quite tough for some time and it's only going to be towards this summer that we see some resolution mike up more specifically again if this drags on what kind of pain could this mean for a for economies for economic momentum and for markets i think if you actually look at the threat of tariffs and you try and model that than the impact isn't that great uneven actually if you look at the kind of the fifty billion of measures the impact on the us so the chinese economy would be about point to gdp what is uncertain however is whether or not there's a second round effect in terms of confidence which the model's don't always sort of get a.
"delio" Discussed on Impact Theory with Tom Bilyeu
"What a great lovely man respect for his mental agility and strength truly believe that you get thereby taking the steps between here and where you want to be here's my question early in the episode the idea of obsession is mentioned to cultivate obsession in order to achieve however obsession is something cautioned against by mental health professionals as it often leads to disaster for the individual please comment and distinguish between what elevates in what destroys what tempering elements are required so look their mental illness is a real thing and so they're probably are people that are prone to obsessed shin in like a destructive way and you have to balance that has been interesting hearing ray delio who who is just amazing by the way and if you ever the book principles read it right now it is my number one book of 2017 by the way and his son has bipolar and he said insanity and genius is simply a matter of tuning and i thought that was really interesting and that you could very easily be going back and forth between the two of you not very very careful so i would say somebody that's prone to obsession you are chevy superpower now it's about tuning it and make sure that a doesn't go too far but the reality is and remember i i don't think there's any moral obligation to be successful i want to be really clear about that noone you're not better for doing things my way you're not better for taking my path and i don't think that somebody is worse if they want to just chill and have a told lease then life it is just a question of what do you want for yourself now i want to play in the world stage that jazz nearby away the you can't imagine i love that it excites me like dude i love it i love the mirror opportunity to play on that stage to work and try and try.
"delio" Discussed on BiggerPockets
"Nation he was going to be a here i i was just i'm i'm reading the book principles from ray delio now and he talks about joseph campbell hero with a thousand faces and the choice to become a hero because the path of a hero is is not an easy one nap book hours was seriously deep book i i read that in fact i believe i read that book as a result of leaving that class and going into a different classroom yes this is all time together who are not as a coup of guys had it right here with thousand faces definitely recommend that baguette now brennan i think it's your question i should i just read it david i'll undo a undoing this david what movie could you see again and again and again as my movement that was good that was frankly getaway hours those meted have said later in a world nato were e tacts one one man you will do it i would knew that i really like the matrix i've watched that went over and over and over and two i really one two or three uh at wine one was the best way i available on usually it is and then uh i also really like like the batman movies i watch those several times over i could probably uh you know at the better answer my question will be dummy dumber as as like a stupid his at his from you to say policy government dumber like twenty times and it just does not get any less money every hemmer pretty bird three dot in as a video or docket of devout what i could quote like the entire thing from beginning to add that i don't know what it is about that being like the perfect guy movie but i think that did we get along so well we have a lotta dumming number courts will as a movie yes did aptly named all right.
"delio" Discussed on The Brutal Truth About Sales and Selling
"Close of trying to get the next meeting i this nearly ninety nine percent of out we did that are i know that that's a good refresher and it's like yes you did something you got the depth the result but did you do wit's end the right best way in a way that was affective clearly you didn't doesn't mean you're bad person no and people still think of sales is his binary bullion thing either it it worked or didn't work now it's a continuum and you know that and even like have an a b and c players might be too uh you know two big of a definition that it's just a continuum in what people say i did that i know that all that's a refresher and it's like well if you're not doing it or you're not affective at it you're not ready to learn how to be better at it and that's what we all have to beat i really had this revelation as listening to the book by ray delio ray delio is up hedge fund manager really bright guy in a harvard business school it's worth seventy gene billion dollars and his whole culture is is very analytical uh debating uh meritocracy about ideas meaning that he wants people to debate and put the egos aside and this is really weird for most of us because sales it is naturally a very ego based thing because once you because the on what the some science to it there's a lot of science to but once you get the art you become unconsciously competent at it and you think your way is the only way because it works for you it it it might be a great way and it it might be working fantastic for you but when it doesn't work you got to look at yourself you gotta get you the student ready and then the teacher were lapierre because this is what everyone says i give me the silver bullet in has like well in all that silver bullet zhu and you have to be ready an openminded to these are.
"delio" Discussed on TED Radio Hour
"It's the ted radio our from npr i'm guy rise and on the show today ideas about transparency such think about your bosses for a second i'm going to need you to go in and come in tomorrow have you ever wanted to tell them exactly what you think i am also going to need to go ahead and come in on sunday to to let them know all the ways they're doing it wrong yeah that they're being jerks yes or that they're just had very good at their jobs it's great this is ray delio armory delio on the founder of bridgewater associates now currently chairman and chief investment officer so raise company is the largest hedge fund in the world it manages more than a hundred billion dollars in assets and ray credits a big part of that financial success with creating a certain kind of culture at work the culture he believes could help other companies succeed two and it's something ray calls radical transparency that we want an idea meritocracy in other words a place where the best idea we are now the ability to see things for oneself the ability of people to see that thing happening so that they can form their own opinions about it so rape believes that even the most junior level employees like people straight out of college can tell him to his face that basically he sacks yeah and not only is that encouraged it's kind of mandatory i want to make the best decisions possible and i know that i don't have all the answers in my in on my head and i also know that the relationships that up with the people i'm dealing her are really important.
"delio" Discussed on From 7 to 8 Figures
"But i'm reading a book right now by ray delio called principles he understood how the markets moved while everybody else just said okay let's we trade commodities meet season get some grain season i barley he attempted to understand the intricate ways that the markets move to remember going from iron bar to watch springs and he said okay the rainfall affects the soybean growth in the soybean production affects how much the cattle or guinea eat and based on how much they eat that determines how large the grow and how quick neat gets to the market until he seemed deeper understanding how this system worked how the algorithm worked again going from ironbar to watch springs was able to dramatically make quantum speed leaps in his industry not because he cheated the system but because he understood how this system worked and instead of taking everybody else's route which is typically the school of hard knocks banging into that brick wall until you either get through it or you realize the need to go around it what takes years but instead he understood the system and the way that he could go from iron bar to watch springs faster people do they've been asking me how did you get the number one spot in business a month after you've started i mean tim obviously i don't have two hundred million downloads like tim ferriss it's clear i don't have one hundred thousand subscribers like gary v that's clear so how could i hold the number one spot in business and number fourteen overall in all of iteens which by the way i'm honored its because of you.
"delio" Discussed on Recode Decode
"We're here with ray delio he's the chairman of the hedge fund bridgewater associates which he cofounded nineteen seventy five but he's also the author of principles life and work which seems like a kind of bible of management i don't know house to think about our instruction book how do you think of ad um bible instructor has been a lot of these that alleges element let me let me say it's so much the that's like follow the instruction right yeah this is a thing for independent thinkers all right okay okay so uh these are bunch of principles that i'd written down uganova years and that what happens is i liked them stresstested a matter of fact i'm going to the putting together a map we have an app cut a dot amp is that right well it's a different look at a bunch of them okay um uh it's called the one i'm referring to is girl the coach and what it does is it take care with a guy here in silicon valley call the coach member bill campbell did you ever me okay no he was the everybody hired anticipated at the girl guy was a person never lets so let's take that okay and let's imagine bill wrote down when you encounter this situation right here's my suggested recipe for that the shabby principles right and then let uh and this will be to bring together other people like bill and other fabulously successful ideal people to put it in principle so you could look them up whenever something of a certain type coloury it says hand i here's how bill gates handle it exactly and.
"delio" Discussed on Bloomberg Radio New York
"Really focused on is whether they upgrade their language around growth because that would be a pretty bullish sign that it's also possible given that solid gdp currently just saw and whether they do anything with owing which ran inflation because despite strong growth in a solid job market we really haven't seen much pick pickup in inflation and cease my thiessen marktomarket there and and i think either be significant stronger stronger growth more bullish outlook libya pretty strong signal that maybe they won't change their cp for next year and i think he see then you know get are worried about inflation that's an more arrests a might change the out the crash air regardless i can't imagine and they're going to walk back december or say clearly or a guy was going to ask about december rate hikes donna table sounds like it is so let's switch over to you go round up because you've got some really interesting research from goldman sachs is some economists their agreeing with bridgewater associates ray delio on the us economy running at two speeds what's that about yes i thought this was really interesting sarah just set of to rewind ray valium make this point earlier this month that when the fed setting policy it really needs to think about sort of a sixty forty economy right you know that sort of elite company economies doing quite well and then the rest of the economy singh last while they're not saving money they're not doubting assets and vesting their fine thing for a tire man dan forced labour outcomes and so the goldman note is less along this inequality lines in more looking at a labour market that they make a similar point that the fed really needs to lock below the headline details and their point is that headline jobs joblessness has fallen really low that they're still this pool of wouldbe workers here of hang out on the sidelines and their reasons to think that they can be pulled back into the labour market so it's not just richer get richer poor get poor which we have been hearing for a while but it is for some reason there are those who are on the perimeter not jumping back into the pool do we know why did it get into that so.
"delio" Discussed on Bloomberg Radio New York
"Thousands of payrolls that it processes wages are in fact going up marty mucci is the paychex ceo but we're seeing weak increase in small business get in just about up to that three percent level which give it a twopercent inflation rate uh right now is pretty positive thing in today's liber department report consensus anticipates a threetenths of a percent increase worship should hold a year on year tram for wagers near two and a half percent bloomberg intelligence economics expects the trend to it celery team to european labor scarcity have the us count above john tucker thank you jim grant editor of grants interest rate observer said he's berisha on bridgewater associates because founder ray delio has become less focused on investing and more focused on promotion in a fivepage critique of the world's largest has fund when said delio as been preoccupied with his new book sitting for media interviews in sending tweets since the start of 2012 bridgewater is pure alpha to fund has posted an annualised return of two and a half percent compared with its historic average of twelve percent sound two point eight percent this year from july president donald trump blunts puerto rico seventy four billiondollar debt to be addressed through the established bankruptcy process white house press secretary sarah huckabee sanders said and not eliminated as he suggested in a television interview there's a process for how to deal with puerto rico's debt and it'll have to go through that process to have a lasting recovery rian growth this is a process that was put in place and set up under obama and that has a board of advisers that deals with that and it'll go through that process as we move forward her marks were another attempt by administration officials to clarify trump's intentions regarding the territory's debt after you rattled the three point eight trillion dollar municipal bond market on tuesday with an interview suggesting he wanted the debt eliminated him the uk prime minister theresa may is facing growing insurgency within her own party bloomberg's anna edwards joins us live from our london bureau now good morning anna give morning bob in camera inside of the prime minister theresa may's feature easing down as rival conservative members of parliament's two television see da's arguing whether she she had quit all stay as prime minister a public battle for control that.
"delio" Discussed on Bloomberg Radio New York
"Over the past three months stock down two point eight percent we've been fully for four days ryanair is done eight point two three percent oh that period in london i'm ana screening bloomberg daybreak europe than a thank you very who says he's ready to give away secrets the bridgewater associates her plans to share his management system and corporate culture it with the world delio tells bloomberg that includes banishment algorithms that have been turned into apps were about to take algorithms we have an and tools and we're going to give them to others unload these tools to be able to use by and but who cares to use the door where we delegate osa several large technology companies in silicon valley are eager to implement his ideas he declined to name specific companies and estimates the roll first rollout is at least eighteen months away as head of the world's largest hedge fund dallaglio has developed one of the more unusual approaches to management including the practice of having employees rate one another on a grid visible to the entire firm futures this morning moving higher with s p futures up six points dow futures up sixty one nasdaq futures at 9 10year treasury down one thirty seconds the yeltsi point zero percent at nynex crude oil up seventenths percent at fifty dollars twenty four cents a barrel straight ahead we have the latest world and national news this is bloomberg then cheer that brings us to 507 on wall street will jose it the northeast let's bring and bloomberg's michael barr with the.
"delio" Discussed on Bloomberg Radio New York
"System to what extent is the credibility of the federal reserve at stake here in terms of and inflation metric that has the really picked up to expectation in terms of the realities of the volatility that any moves mike 'cause they're working very thin line and even if they had to respond to a market that hasn't delivered you don't really have the capacity to do that do they of course they have the capacity that i would i would if i may disagree they the fed or any other central bank has a monopoly over at money and they can create as much as they need and they can withdraw as much as they need so they and they can also work with interest rates if they so wish so it's not a matter of capacity it's a matter of uh let's say operational attitude for some reason the fed prefers to signal that they're fine with if their target was one point seven percent inflation it would be a perfectly credible central bank now with slightly less than credible so it's not a big deal but i think it would be really better if they have a target to to stick to that in to deliver that otherwise they risk over the long term to end our were the bank of japan is today we're basically nobody believes that they can never reach the two percent which is tentatively a problem mikhail kamado hang onto that thought right there we also want to talk to you about geopolitical vis and what is going to be a catalyst for any move to the down that's what a lot people i expect likud kamata right there he stays with us lgbt capital partners but just add bridgewater boss ray delio warns of disturbing parallels with today's politics late 1930s his take on what president trump needs next this is bloomberg.