Ray Dalio

speaker

1,879 appearances 2 recordings 1 series first heard Sep 2025 last heard 30 Jul

Ray Dalio’s voice in public audio — every appearance, attributed to the second.

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recordings per month · last 12 months

Recordings per month over the last 12 months — 1 in all, peaking in Jul 2026 with 1.

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They don't know exactly how much money is gonna come in, right?

So there's either one of two things.

You either don't invest enough and then the competition runs away or you invest a huge amount and you can't be precise, okay?

And so when that dynamic happens, it's a problem.

So yes, you said it very well.

So I'm going to repeat one other thing to emphasize.

What's quite common now is you can issue stock for, let's say you raise $50 million.

Right.

And you value the company at a billion dollars.

Only $50 million was actually spent on that company.

But now if you raise that, you're a billionaire.

Okay?

Because the accounting value of that, what do you own?

You own stock that is valued at a billion dollars.

Nobody paid a billion dollars or whatever it is, right?

And now you own that stock.

But that stock you can't spend.

Because you can't spend wealth.

In order to spend it, you have to sell some of that stock to get money.

Right.

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