Ray Dalio shares his five-step formula for building a world-class team. Watch the full episode of The Deal on the Bloomberg app or listen wherever you get your podcasts. -------- Like this video? Subscribe: http://www.youtube.com/Bloomberg?sub_confirmation=1 Get unlimited access to Bloomberg.com for $1.99/month for the first 3 months: https://www.bloomberg.com/subscriptions?in_source=YoutubeOriginals Bloomberg Originals offers bold takes for curious minds on today’s biggest topics. Hosted by experts coverin ...

Company Crisis and Succession - New World Development faces a crisis due to delayed bond payments and succession issues, marked by two CEO changes in recent months [2] - Adrian Cheng's stepping down as CEO was unexpected, raising questions about his role as the heir apparent in the family business [3][13] - Adrian Cheng's investments, initially praised, are now viewed as overextending New World, leading to the company's first losses in two decades [14] - Other siblings, particularly Sonia Cheng, are taking on key roles, managing the family's jewelry empire and hospitality ventures [15] Financial Performance and Debt - New World is working to refinance approximately $11 billion of debt amidst China's ongoing property crisis [4] - The company's debt reached 95% of its equity by the end of 2024, surpassing its competitors [12] - Expansion plans dating back to 2017 and 2018 are seen as contributing to the company's heavy debt [12] Market and Economic Factors - Protests in Hong Kong starting in March 2019 and the subsequent national security law impacted Hong Kong's reputation and economy [9][10][11] - COVID-19 lockdowns further battered Hong Kong's economy, hindering its recovery and affecting tourism [11] - New World's debt-fueled expansion serves as a warning to other Hong Kong property tycoons [16] - Greater Bay Area accounts for 5% of China's population but 13% of its GDP [7]

Investment Strategy - When an advantage is perceived and a mispricing is detected, a larger investment should be considered [1] - Doubling down on an investment is most challenging when facing unfavorable odds [1] - Betting with an edge provides valuable training for Wall Street investment strategies [2] - A key challenge in stock investing is the uncertainty of possessing a true edge [2] Risk Management - Blackjack serves as a laboratory to understand odds and determine optimal bets [3] - Investment decisions should consider risk tolerance and available capital [3]

How does Ray Dalio identify top talent? He breaks down his method for Alex Rodriguez and Jason Kelly. Watch the full episode of The Deal on the Bloomberg app or listen wherever you get your podcasts. -------- Like this video? Subscribe: http://www.youtube.com/Bloomberg?sub_confirmation=1 Get unlimited access to Bloomberg.com for $1.99/month for the first 3 months: https://www.bloomberg.com/subscriptions?in_source=YoutubeOriginals Bloomberg Originals offers bold takes for curious minds on today’s biggest top ...

You've said you won't hire any more coders at Salesforce and you've said today's CEOs will be the last to manage all human workforces. What does this mean for businesses. Well, I think I just had a meeting, you know, coming from a meeting with my head of engineering and we're looking at productivity levels of 30 to 50% this year in key functions like engineering, coding, support, you're saying service.AI is doing 30 to 50% of the work. AI is doing 30 to 50% of the work at Salesforce now and I think that tha ...

Company Overview - Salesforce is the world's number one customer relationship management (CRM) software provider [1] - Marc Benioff is the CEO and founder of Salesforce [1] Industry Perception & Vibe - The CEO compares himself to the "Taylor Swift of Tech" [1][3] - The company's atmosphere is described as "Silicon Valley" [3] - There is a sense of "refounding the company for the AI era" [2]

you think about it, it's not just um the market anymore. Now, you can bet on kind of anything, right. If you think about these election betting platforms, I I actually think prediction markets are fantastic because, you know, we're in this sort of era of informationational breakdown.It's so hard to sense make about what's true and what's not. Like if I want to know like what's the likelihood that this thing that you know some big political things happened and someone makes this statement about it I would go ...

Bill Belichick learned how to motivate at the highest level early on and he shares that lesson with Alex Rodriguez and Jason Kelly. Watch the full episode of The Deal on the Bloomberg app or listen wherever you get your podcasts. -------- Like this video? Subscribe: http://www.youtube.com/Bloomberg?sub_confirmation=1 Get unlimited access to Bloomberg.com for $1.99/month for the first 3 months: https://www.bloomberg.com/subscriptions?in_source=YoutubeOriginals Bloomberg Originals offers bold takes for curiou ...

So today we're interviewing Mark Beni off. He's a huge philanthropist. His name is on a lot of the hospitals in San Francisco, the Bay Area, and Hawaii.He once told me that he's the Taylor Swift of Tech. Do I even exist. Is this an existential thing.Should I bring in some spiritual guru. I don't know. Behold the tower pointing to the future.Believe it or not, Salesforce has 11 mascots. Should we headbutt. This is the view from the Ohana room. This is where the agents are being born.I just feel inspired. Hey ...

Well, I was a poker player first and then I went from poker to finance. So, did you see similarities. Yeah, I mean, there's lots of similarities between poker and running a hedge fund.Uh, in both disciplines, you have to constantly be asking yourself, where does the money come from. Every strategy that we build at our firm, the basis of the strategy is some player in markets that we think is doing something non-economic. So, it's not necessarily like they're making a mistake, but they're they're buying or s ...