Market Trends & Investment Opportunities - Spot gold prices have climbed above $4,000 per ounce for the first time, indicating a shift towards gold as a safe-haven asset during economic and political turbulence [1] - Gold has outperformed equities and almost every other asset class since 2000, proving to be a valuable asset during portfolio downturns [4][5] - Silver reached its highest price per ounce in more than four decades, signaling investor anxiety and highlighting the precious metal's role as a warning sign for the global financial system [3] - Central banks are buying approximately 1,000 tons of gold a year, reversing their trend from the early 2000s when they were selling a few hundred tons annually [14] - Gold-backed ETFs experienced significant inflows, with September seeing inflows six times larger than predicted by rate-based models, indicating increased investor interest in gold without physical ownership [18][19] Geopolitical & Economic Factors - The dollar experienced its single biggest decline in six months in 50 years, while gold reached record highs, reflecting a loss of faith in the dollar and a shift towards alternative assets [6][7] - Russia's invasion of Ukraine in 2022 prompted countries to diversify away from the dollar to shield themselves against potential US sanctions [13] - China is the biggest consumer and producer of gold, with the People's Bank of China aiming to reduce dependence on the dollar by buying gold instead of US treasuries [15] - Pressure on the Federal Reserve, coupled with tariffs and inflation, has led trading partners to reconsider the dollar's dominance in trade settlements [17] Alternative Assets & Risks - Platinum and silver have rallied more than gold this year, driven by industrial demand and concerns about sovereign debt [19][20][21] - A major de-escalation of Trump's tariffs or a peace deal between Russia and Ukraine could spur a price decline in gold, highlighting the volatility associated with the metal [22]

there's controversy and then there's like Dave Portoy controversy, you know, and obviously he's like next level, >> right. He's been accused of things that he's denied, you know, like how do you take that on as a CEO. >> Every day, everyone at Bartool starts with a blank page and the camera is on 24/7 and most anyone where the camera is on 24/7 and your job is to make people laugh out of a blank page every day, you are going to step in it.like that is a byproduct of the business. Like so the first is just t ...

This is twice the size of all earth combined, right. >> Of all land. And it's never been explored.>> But why are you frustrated. I mean, you see >> No, I'm excited. >> Okay.And excited is the right word. I had the chance to visit Nice, France to step aboard Ocean X's research vessel. Ocean X is a nonprofit ocean exploration initiative that was founded back in 2016 by billionaire investor Ray Dalio, the founder of Bridgewater Associates, and his son Mark Dalio.Seeing it in person was really remarkable. The s ...

Radical transparency or radical truthfulness can also hurt. Have you have had any regrets where you were too transparent or too truthful with people close to you. It it can always be a challenge.Yes. It depends on the person. You It's almost like touching a nerve.What I call it is t tough love. It's tough love. Let's say you have a player on a team, okay, and he's got an issue.Okay. Are you going to let it go or are you going to deal with it. If you're going to have an effective team, you have to deal with ...

- Welcome back to the Deal. On today's episode, Erika Ayers Badan, she's now the CEO of Food52. You knew her in her previous job as CEO of Barstool Sports.- I did. And she's a master at turnaround companies. I cannot wait to hear it, but she's a great leader, great communicator, and she's onto new things.- Yeah, she has got massive ambitions. She's also deep into the world of lacrosse. She played in college and now she's on the board of the Premier Lacrosse League with our buddy Paul Rabil.So lots to talk t ...

Key Forces Shaping the World - The primary forces shaping the world are money, debt, markets, and the economy [1] - Internal order and disorder, including conflicts arising from wealth and values gaps, are significant [1] - Geopolitics, particularly the international world order, plays a crucial role [1] - Acts of nature, such as droughts, floods, and pandemics, have historically caused significant disruption [2] - Technological advancements represent a major long-term influence [2] Disruptions and Analogies - All five forces are currently experiencing disruption [2] - The current period is analogous to 1937-38, characterized by debt issues and internal conflicts [3] - The power to inflict harm has never been greater [4]

Ray Dalio's Career and Bridgewater Associates - Ray Dalio founded Bridgewater Associates in 1975 and ran it for 47 years, selling his remaining stock and leaving the board in 2025 [11] - Bridgewater Associates grew to manage $4 billion in assets by the mid-1990s and $90 billion by 2024 [10] - Bridgewater made money during the 2008 global market crash [11] - In 1979, a near collapse of Bridgewater became a pivotal learning experience for Dalio [13][16] Investment Philosophy and Principles - Dalio emphasizes the importance of learning from mistakes and problems as part of the investment process [3] - Dalio advocates for an "idea meritocracy" with "believability weighted decision making," using data to assess individual strengths [19] - Dalio implemented a culture of radical transparency at Bridgewater, encouraging open and honest critiques among employees [20][21] - Dalio believes in understanding historical patterns to anticipate financial crises, citing his research on the Great Depression as key to predicting the 2008 financial crisis and the European debt crisis from 2010 to 2015 [39] - Dalio identifies five forces shaping the world: money/debt/markets/economy, internal order/disorder conflict, geopolitics, acts of nature, and man's learning/technology [42][43][44][45] Current Focus and Perspective - Dalio is still "addicted to the markets" and closely monitors them daily [33] - Dalio is now focusing on ocean exploration through the OceanX initiative with his son, using submersibles capable of reaching depths of 1,000 meters (3,300 feet) and remotely operated vehicles that can reach 6,000 meters (18,000 feet), covering 98% of the ocean floor [27][28] - Dalio sees parallels between the current period and 1937-38, noting debt issues, internal conflicts, and challenges to democracies [46]

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Why did you decide to go to school and then why did you decide to go to Goldman. >> There's a lot of decisions there, but like it was probably because I wanted to learn how to be a better steward of the gifts and the talents and the resources God had given me. Uh again, growing up where I grew up, um not a lot of people get the opportunities that I had, and I didn't want to squander those opportunities.So me going back to business school was to get smarter about honestly just managing my own opportunities. ...

This live export ship should have never been allowed to leave port. Really safe. Really, really safe.And then we didn't get any other messages. And that was it. That was it.It's really hard to live a life where you're constantly questioning something so tragic. The story is a prime but unfortunate example of a company in financial distress and the terrible decisions that people make despite having lives on the line. ...