who you are, you founded Bridgewater Associates in a two-bedroom apartment in 1975, and you grew it to the world's largest hedge fund. What was the the total amount of cumulative net gains that you delivered for those investors over that period?I think it was something like 53 billion. We produced about a 12% return
AI forecasting? Yeah, so think about how like you know, industry analysts who work for hedge funds and stuff will make these forecasts of like here is, you know, how many cars Tesla will be selling 5 years from now or likehere's what the price of electricity will be in 2 years, right? That's forecasting. I was doing that but specifically focused on AI.
and 100y year bond issues okay and fixed income there are two ways to increase hedge funds separately managed accounts I think um what I was referencing in my presentation is that a
Advertisements and Wall Street. Hedge funds. Wall Street we're dialing in.Most of it's being done by Goldman Sachs and its partners-- what specific kind of program at Wall Street?
Because they see how cars drive, and the frequency and propensity of cars, and the travel times as a proxy, an indicator, for the health of a local municipal economy. Hedge funds use this information to look at the car circulation in the areas near a retailer on the weekends.And so prior to the quarterly announcements, they have a good indicator whether the sales are going to increase or decrease, and they can short or go long on its shares.
I think resilience is crucial in almost every job. Hedge funds spend a lot of time trying to finding out who can bounce back from bad investments.And there are lots of people who can make money in a bull market.
was first going bald way back when um I used to have this line of hair at the front that I called The Fringe or the Hedge it was a ridiculous kind of comb over attempt that I would comb back over my head like filaments you know and umand I would hand out this diagram at readings because I didn't want people to think that I didn't know I was going
billion in in charges so they're still they've written down their assets on on this stuff like 50 million dollar and we hedge funds are doing uh we should regulate them make them transparent you know the idea with hedge funds is that
very very bad. That's a simple example of this one. In this sense, strategic sectors are those that allow the hedgeimon to manipulate uh the economy in its favor. You will see later when we do optimal policy that this also means that in this class of models the presumption for
maximizing profits, but they're perceiving some wedges. They're perceiving wedges that they have accepted from the hedgeimon and wedges that their countries have imposed in the previous period. And the stars here are reminding you that in equilibrium this gets rebaited. But each firm takes
What I'm doing there is what most people do most of the time. We hedge . Hedges are simple linguistic turns of phrase that allow us to sort of balance things a little bit. If we're not exactly sure, if we don't know what we want to say, hedging is an easy way to sort of protect ourselves.
book Ray Dallio one of America's richest men and the uh owner of the most successful hedge fund in the whole of America. So Ray Dalio is a pretty capitalist sort of guy and Ray Dallio in January of 2019 in
You can count on getting food from someone else. Why hedge ? Humans inherited the legacy of slow reproduction from the great apes.
They're just out of the blue. And hedge funds, turns out it's Julian Robertson from Tiger Management. Some of you who know that industry might know-- Tiger Cubs, Tiger Seeds.
we're interested in we uh are invested in a company called coester which is creating a peer produced um mutual fund or hedge fund the way this works is that um anybody who trades stocks either for a living or for hobby or whatever can take uh one or more of their trading accounts and connect it to coester
lobbying Congress to avoid regulations that might have led us to understand better exactly the catastrophe they were inviting hedge fund managers in 2006 spent $1.3 million avoiding regulations that might have made it easier for us to understand the complex problems that Wall Street presented to us in the most
a hedgehog versus an elephant?
So hedgehogs know one big thing, OK?
A hedgehog you just stayed focused and you go do it and us foxes, I'm not going by the way I look but as foxes we just go running around and shit, you know, doing stuff except
Lawyers are trained to hedge risk, Tekedra.
How do you hedge some of these trends?
There are African hedge funds that are active right now.
by a hedge fund person in New York City.
There are African hedge funds that are active right now.
And even further, if you're not sure, maybe we should hire someone else who knows the right course of action. When we hedge , we undermine our impact. And so this has a few implications.
But most of us just use hedges because they're convenient. Ditch the hedges . Unless we're trying to communicate uncertainty, don't hedge . Hedging undermines our impact, even when we're not intending to do so.
He was a hedge fund manager at DE Shaw.
I'm going to hedge a little bit.
of heavy-hitter hedge funds out in New York City.
But then the hedge fund that owns the back end for all this stuff financially engineers itself into bankruptcy.
And Jane tried to hedge .
see them going into hedge funds.
You can count on getting food from someone else. But why hedge bets and why should humans, in particular, need to hedge ?
Built up a hedge fund, then a fund of hedge funds, then I built this kind of social media site for investing.
I mean we hedge ourselves to within an inch of our lives when we're talking to the public because that's what we do
kind of hedge against with some sort of psychic uh insurance policy you know for every trinket or food stuff or invitation or Internet post one
It's also a hedge against risk, in that two people get laid off.
What if this hedge fund manager that I admire, that I have my life savings with, turns out to be a charlatan or a fraudster?
a famous hedge fund manager, famous value investor-- and I tabulate all these results up.
into a hedge fund that, at least until recently, would typically say yeah, we've got these very smart, clever people, and we can make more money than you'll ever be
And the hedge fund guys and people who don't care about movies at all.
a very successful hedge fund manager, this guy Chris Hohn-- it was very hard for me to admit to myself that I was envious of them.
What does the word hedge mean.
This means that hedge funds often don't trust science nowadays.
inherited money and hedge -funds and offshore accounts in the Caymans, Turks and Caicos and Bahamas. Along the canals the mostly Moorish-styled
do to hedge ? >> FOX: If I have the answer to that--well, because obviously, I mean, one level within the federal reserve system, there's this queer
fact Nasim was a hedge fund Trader he had essentially
working at their own hedge funds and they are doing have been doing for crude what they were doing to electricity
It's a hedge fund company.
I shoved three hedges in there, and I've made a statement that's actually more accurate.