Ray Dalio
Founder and Mentor, Bridgewater Associates. On 5 shows, 7 appearances, plus 1 compilation re-air not counted. The Shows tab opens the full record on each.
investorfounderauthor@raydalio ↗LinkedIn ↗principles.com ↗Wikipedia ↗
In 1975, Ray Dalio founded Bridgewater Associates out of his apartment, eventually building it into one of the world's largest hedge funds and pioneering investment strategies such as the "All Weather" risk parity portfolio. He is also a prominent macroeconomic commentator and bestselling author of books including Principles: Life and Work.
5shows
7appearances
130statements
21resolved
13supported
0contradicted
62%fully supported
120said about them ↓ Everything Ray Dalio said on any show that made the record, most notable first. Each card names its show and opens the statement there.
Dalio: US is financially better off under Trump than Biden
“Yes, I do believe we are in the financial context, because in terms of profitability and the likelihood of cutting, I think the Republicans are probably more likely to make these moves than the Democrats, but you also have to take into consideration the impact…”
Dalio: US is in an internal civil war and international war simultaneously
“We're at a civil war internally, and we're at an international war simultaneously.”
Dalio: U.S. states and global systems face major political fragmentation
“I think we're going to see fragmentation of states from the central government. I think you're going to see big fragmentation in the world, not just in the United States, on the failure to agree on Most things.”
Dalio: The WHO and WTO are obsolete as global conflicts rise
“Things like the World Health Organization, the World Trade Organization, all of those are obsolete, and so we're going to have, again, might is right, and so it's going to be a period of greater conflict.”
Dalio: The profit system alone does not direct resources adequately
“The profit system alone does not direct resources adequately.”
Computers will surpass humans at quality thinking long before intuition
“It'll be a long time before those intuitions and those imaginations are created by computers. Ok, but it won't be a long time before computers produce better quality thinking.”
Ray Dalio: Gold is the second-largest reserve currency held by central banks
“Gold is not a precious metal that's speculated on, like most people have come to think of it as. It is the most established money that, it's the second largest reserve currency that central banks hold.”
Ray Dalio predicts central banks will not buy or hold Bitcoin
“Central banks are not going to want to buy Bitcoin and being able to hold it.”
Ray Dalio: 60% of Americans read below a sixth-grade level
“For example, 60% of all Americans have below a sixth grade reading level.”
Ray Dalio predicts the Federal Reserve will re-expand its balance sheet
“I think that it's likely down the road.”
Ray Dalio predicts Democrats will likely win the House midterm elections
“I think when we have, we're going to have the midterm elections, you're going to go past the midterm elections with probably that Democrats will take the house and be, and maybe, I don't know, it's going to be difficult. And you know what? Nobody can succeed b…”
Ray Dalio warns AI might eat itself by failing to generate profits
“It looks to me like AI basically is eating everything and it might eat itself. And what I mean by that is not produce adequate profits.”
Ray Dalio asserts Chinese AI technology is nearly equal to US tech
“Their technologies are almost as good as ours, because they are, they're not far behind”
Dalio: Gold is the only money without counterparty or confiscation risk
“Gold is the only money That you can have and nobody has to give you anything to have it. Other money, all other money is dependent on somebody giving you something. Okay. Whether they give you, and so it's unique in that it's confiscation risk is less than oth…”
Dalio: Earning interest on gold-linked assets reflects credit risk, not ownership
“So what you're getting paid for is credit risk, right? So it's not gold. It's a promise to get your gold back, right? Then that's what money was. And that's why it would have an interest rate. You have an interest rate that on the promise to get your gold back…”
Dalio: Investors should hold 5% to 15% of their portfolios in gold
“An individual, and most investors should have between five and 15% of their portfolio in a gold or an alternative money.”
Dalio predicts central banks are unlikely to hold Bitcoin as reserve wealth
“Bitcoin is limited in supply, and its perception of money, it is a form of money, it, it's perceived as money, as a storehold of wealth, that is unlikely to be significantly held by central banks, and many others, because of a number of Problems it has.”
Dalio: Current financial markets are in a bubble vulnerable to popping
“So in my opinion, we're in a bubble. Okay. By various measures of it being in a bubble and people feeling very wealthy, but you have that vulnerability.”
Dalio: The post-1945 multilateral rules-based global governance order has ended
“That world order has gone from a world order that it was a multilateral world order, sort of with rules like the United Nations and the World Trade Organization and the World
A health organization, and the world, this is, you know, the world bank, and the worl…”
Dalio: Neutral countries prosper economically in wars while winners and losers suffer
“Because if you look at the history of wars and so on, there are winners of the wars, losers of the wars, and neutral countries. The winners of the wars lose, meaning they still get deeper in debt and they have the consequences of the wars. The losers of the wa…”
Dalio: The winner of the US-China tech war will dominate globally
“I think the technology war is the most important war that almost whoever wins the technology war will win almost everything.”
Dalio: US leads in advanced chips, China leads in AI applications
“The inventiveness of new chips and the most advanced chips the United States is a bit ahead, is, is ahead. And then but the application to use the chips, whatever AI there is, to be able to integrate it into life and making it for the society Most applications…”
Dalio: India has the best fundamentals for highest 10-year economic growth
“India is going to have probably the, has the best fundamentals to have the best growth rate in that, because you're going from not having enough money to having, that has infrastructure.”
Ray Dalio: Sovereign debt is unattractive during supply-demand imbalances
“In either case, you don't want to hold that debt, because either there's a debt service problem, or there's a depreciation, you get paid back with a greater supply and cheaper Money, and that is the dynamics, and that's the mechanism”
The other half of the tape: Ray Dalio's own voice is left out of every number here. Other people bring the name up 117 times in 61 episodes across the shows. 3 statements on the record name them. every mention, with the transcript →
Who brings them up most David Friedberg 42Jason Calacanis 20Chamath Palihapitiya 13David Sacks 8Ruchir Sharma 6Tony Robbins 4Ro Khanna 3Nikhil Kamath 2
Statements about Ray Dalio, by other people (3)
Scilipoti: In Raging Bull Markets, Experience and Knowledge Become Handicaps
“During raging bull markets, knowledge is superfluous, and experience is a handicap. Because if you have the benefit of knowing what happened in all the other blowups, you know how painful it could be. But if you've never experienced it, and every time somethin…”
Lonsdale: Ray Dalio and Bridgewater see America in decline and decay
“You look at guys like Dalio or Bridgewater and others, you know, they see America in decline. They see decadence. They see decay.”
Every mention by year
tap a year for its mentions
All-In 94
the Knowledge Project 10
WTF is with Nikhil Kamath 9
the a16z Podcast 4
2026 7 mentions in 5 episodes 1 per episode
- They Called The Trade Wars & China's Housing Crash | Nikhil Kamath | WTF is Finance Ep 4 · Nikhil Kamath
- ICE Chaos in Minneapolis, Clawdbot Takeover, Why the Dollar is Dropping
- Two Legendary Founders: Travis Kalanick & Michael Dell Live from Austin, Texas
- Software Stocks Implode, Claude's Hit List, State of the Union Reactions, Trump's Tariff Pivot
- The Case for Youth in Politics | HE Omar Sultan Al Olama (One of the World's Youngest Ministers) · Nikhil Kamath
- every mention in 2026, scene by scene →
2025 38 mentions in 13 episodes 3 per episode
- DeepSeek Panic, US vs China, OpenAI $40B?, and Doge Delivers with Travis Kalanick and David Sacks
- India vs. China vs. US: Who Wins the Next Decade? | WTF is Finance | Ep 1 ft. Ruchir Sharma · Nikhil Kamath
- "What The F Are We Doing?" David Friedberg On BBB’s Deficit Increase & Trump vs. Elon
- DOGE vs USAID, Crypto Framework, Google's $75B AI Spend, US Sovereign Wealth Fund, GLP-1s
- 1929 vs 2025: Andrew Ross Sorkin on Crashes, Bubbles & Lessons Learned
- Big Beautiful Bill, Elon/Trump, Dollar Down Big, Harvard's Money Problems, Figma IPO
- Tony Robbins | All-In Live from Miami
- Forensic Account: The Bubble No One is Talking About | Anthony Scilipoti
- 5 more episodes that year, every mention in 2025 →
2024 7 mentions in 3 episodes 2 per episode
2023 31 mentions in 20 episodes 2 per episode
- All-In Summit: Ro Khanna on China, political reform, major challenges facing the US and more
- E123: Trump indictment, de-dollarization, should VCs back Chinese AI? RIP Bob Lee
- E121: Macro update, Fed hike, CRE debt bubble, Balaji's Bitcoin bet, TikTok's endgame & more
- Tony Robbins on the Future of Health & Longevity
- E146: Did the Fed break the VC model? Plus IPOs, M&A, revaluing unicorns & more
- All-In Summit: Tobi Lutke on consumer spending, teams, Amazon, AI, and more
- E140: LK-99, Sclerotic establishments, Fitch downgrades US debt, Trump indicted... again
- E139: Recapping Chamath's wedding, VC surplus, unions vs Hollywood, room-temp superconductors & more
- 12 more episodes that year, every mention in 2023 →
2022 20 mentions in 9 episodes 2 per episode
- E74: Market update, inverted yield curve, immigration, new SPAC rules, $FB smears TikTok and more
- E63: Insurrection indictments, human rights in the US and abroad, groundbreaking MS study and more
- E105: Tech culture wars: Elon vs. SBF, Sabotaging Republicans with Trump
- E91: SoftBank's $21B+ Vision Fund loss, signals of a bubble, macro picture, Trump raided by FBI
- E84: Markets update, crypto collapse, Russia/Ukraine endgame, state of the podcast
- #AIS: Joe Lonsdale on the problem with higher education
- E82: All-In Summit: Claire Cormier Thielke on China + Q&A with Flexport's Ryan Petersen
- E78: VC fund metrics that matter, private market update, recession, student loans, Bill Hwang arrest
- 1 more episode that year, every mention in 2022 →
2021 6 mentions in 4 episodes 2 per episode
- E60: The 2021 Bestie Awards PLUS Jack Dorsey starts the Web3 Wars
- E49: Coinbase CEO reflects on controversial blog, state of the markets, 1000 unicorns & more
- E23: Radical DAs, breaking down FB/Google vs. Australia, sustained fear post-vaccine & fan questions
- #100 Matt Mullenweg: Collaboration Is Key
- every mention in 2021, scene by scene →
2020 2 mentions in 1 episode
2019 3 mentions in 3 episodes 1 per episode
2018 1 mention in 1 episode
2017 2 mentions in 2 episodes 1 per episode
One line per show, most statements first. The link opens Ray's full record on that show: the calibration, argument clarity, speaking style and every statement made there.
| Show | Role there | Eps | Statements | Record | |
|---|---|---|---|---|---|
| ALL-INLEDGER | Founder and Mentor, Bridgewater Associates | 3 +1 | 48 | 54% 7/13 | full record on All-In → |
| KNOWLEDGE PROJECTLEDGER | Founder and Mentor, Bridgewater Associates | 1 | 34 | 100% 3/3 | full record on the Knowledge Project → |
| WTFLEDGER | Founder and Mentor, Bridgewater Associates | 1 | 23 | 100% 2/2 | full record on WTF is with Nikhil Kamath → |
| a16zLEDGER | Founder and Mentor, Bridgewater Associates | 1 | 17 | 33% 1/3 | full record on the a16z Podcast → |
 MASTERS OF SCALELEDGER | Founder and Mentor, Bridgewater Associates | 1 | 8 | — | full record on Masters of Scale → |