Do you have any tips on longevity. Because we're like, well, we want to be doing this again in 10 years and maybe again in >> No one's asking us about in 40 years. Yeah.So, >> um, meaningful work and meaningful relationships. In other words, is it your passion to make it as great as it can be and a shared passion. And are you doing it with people that you care about and you have meaningful relationships.And if you've got that, you know, you've got the energy to keep evolving. And, you know, that's what it's ...

Wealth can easily be created the way we account for wealth. For example, you start a company. Let's say you want to make a unicorn.You sell $50 million worth of it. You value it at a billion. You're now a billionaire and it counts in wealth as a billion dollars and there's but nobody would pay a billion dollars for that issue combined.Okay. And that's a lot of what's happening now with wealth and and and if you look at the 1920s bubbles or you look at those what you see in one way or another is that wealth ...

It feels like the US especially has changed in 10 years. So rising inequality, uh the deficit is higher than ever and we also have an administration which seems to be um redefining America's place in the world. How does that fit into again your five forces framework.And I guess I should bring up the debasement trade as well because this was a big theme earlier in the year that the the idea that, you know, people don't want to be in the dollar because they don't know what's going to happen with the debt or b ...

When debts become very large and there is an economic downturn and the empire can no longer borrow the money necessary to repay its debts, the financial bubble bursts. This creates great domestic hardships and forces the country to choose between defaulting on its debts or printing a lot of new money. It always chooses to print a lot of new money at first gradually and eventually massively that devalues the currency and raises inflation.For the Dutch, this was the financial crisis brought about by financial ...

All assets are valued as their appreciation in price and their yield. The yield that you're getting and the price change and that's a total return. And so all assets you compare on that basis.If you're holding a farm, >> same deal. In other words, what is the yield on that farm from holding it. I'm getting into the mechanics.So when looking at the markets as a whole, what I do is I just compare everything because all I want to do is I want to essentially borrow or be short >> those that will have the lower ...

AI is um a bit of an alien that seems to have entered the room um and has it's going to change more almost every every industry. >> Great. >> I can't tell if you're being sarcastic.>> No, truly if you are um working with it, controlling it, if it's a good partner to be able to get a lot of leverage, it's truly fantastic. As I said in almost everything I did, we had the criteria, we had the systemized. Would you do that. Would you not do that. How do you know.How does reality work. What are the principles. W ...

If you were setting out today, do you think you would have been able to create a Bridgewater in the current environment. >> Yep. And I think that um everybody can and um that entrepreneurship is is so clearly an example that it is the greatest power. Money is not the greatest power.Um money will seek out the people the entrepreneur the person who has the talent get have enabled people and then money will go to them to make them that's that's what investors do we try to find those people are going to make th ...

Whether you're a day trader or whether you're investor, you have to get into the mechanics and you have to learn the mechanics. And through that experience, if you think and you're curious and you could research, then you can do that. I am creating a platform that anybody can use to help them do that.In other words, there's information and the way you make decisions is your brain brings in information and it puts it through criteria that determine action. That's how the brain works. That's all the decisions ...

The Dutch rose to defeat the Hapsburg Empire and become superbly educated. They became so inventive that they came up with a quarter of all major inventions in the world. The most important of which was the invention of ships that could travel around the world to collect great riches and the invention of capitalism as we know it today to finance those voyages.They like all leading empires enhance their thinking by being open to the best thinking in the world. As a result, the people in the country become mo ...

To me, watching what's happening now is like watching a movie that I've seen happen over and over again repeatedly with the same cause effect relationships, even though it's uh very shocking and surprising to many people. And that's because I studied the last 500 years of history in order to help me place my bets well. And um what I wanted to do was to get that out to you, that picture, the principles that are dealing with um the changing world order that are embedded in the book.But I wanted to uh make tha ...