https://youtube.com/channel/UC-hKNOj4P-Y8hR9QEHpZPig Bridgewater Associates is a premier asset management firm, focused on delivering unique insight and partnership for the most sophisticated global institutional investors. Our investment process is driven by a tireless pursuit to understand how the world’s markets and economies work — using cutting edge technology to validate and execute on timeless and universal investment principles. Founded in 1975, we are a community of independent thinkers who share a commitment for excellence. By fostering a culture of openness, transparency, and inclusion, we strive to unlock the most complex questions in investment strategy, management, and corporate culture. TV & Film Podsync generator (support us at https://github.com/mxpv/podsync) en-us Fri, 17 Apr 2026 02:26:08 +0000 Fri, 06 Sep 2013 19:09:11 +0000 https://yt3.ggpht.com/yEdT-V375LVsjxS66KMGAUblTEFlzjNIlGRtQ6A9F4bmAxrUOjStNtbTmPIgoo1EPOj6tbx0eWM=s800-c-k-c0x00ffffff-no-rj https://youtube.com/channel/UC-hKNOj4P-Y8hR9QEHpZPig Bridgewater Associates Bridgewater Associates no RpCkoLRdWI4 https://youtube.com/watch?v=RpCkoLRdWI4 Oliver Simon, a senior leader in Bridgewater's AIA Labs, on how AI is fundamentally changing the way research gets done. What used to be a constraint on time and execution is now a constraint on ideas. The bottleneck has shifted. ___ Recorded at a recent Bridgewater Immersion Day event, where we hosted students for a day of discussion, debate, and exposure to our research-driven process. Wed, 15 Apr 2026 13:55:14 +0000 Bridgewater Associates With AI, the Limit Is Now the Ideas 1:13 no 1 7hK1OjZUG8A https://youtube.com/watch?v=7hK1OjZUG8A Greg Jensen, Bridgewater's Co-CIO, joined the “In Good Company” podcast for a candid conversation with Nicolai Tangen, CEO of Norges Bank Investment Management. They explore modern mercantilism, the global AI resource grab, and how Bridgewater is building for the future—from compounding 50 years of investment knowledge into algorithms through our “Secure Garden” platform to developing an AI investor. Greg also shares how despite being a CIO, he’s still being challenged in our meritocratic culture. Listen to the episode for more insights: https://lnkd.in/gKxPTnjA Fri, 20 Mar 2026 20:48:54 +0000 Bridgewater Associates Bridgewater CIO: When Truth Hurts 1:27 no 2 802Xm_Wv0R0 https://youtube.com/watch?v=802Xm_Wv0R0 CEO Nir Bar Dea was invited by a Harvard/MIT student organization, The Camel, to speak to students about the state of the world. ----- Past performance is not indicative of future results. Performance referenced is for the Pure Alpha 18% (as of December 2025), and AIA Labs Macro 15% (as of Feb 2026) strategies. Bridgewater China Investment Management performance as of December 2025. All performance mentioned is net of fees and expenses, total returns. No discussion with respect to specific companies should be considered a recommendation to purchase or sell any particular investment. See Important Disclosures and Other Information and the Risks Associated with the Use of AI Tools. Wed, 11 Mar 2026 19:05:39 +0000 Bridgewater Associates CEO Nir Bar Dea—Conversation with Harvard & MIT Students 56:55 no 3 _mRDCD27JPk https://youtube.com/watch?v=_mRDCD27JPk Bridgewater Co-CIO Greg Jensen discusses the mechanics behind the question of whether AI is in a bubble. Mon, 09 Feb 2026 21:53:08 +0000 Bridgewater Associates Is AI in a Bubble? Discussing the Mechanics Behind the Question 1:15 no 4 B6msnZ3CK6o https://youtube.com/watch?v=B6msnZ3CK6o Bridgewater Co-CIO Karen Karniol-Tambour discusses the impact of modern mercantilism on spending and capital flows. Fri, 06 Feb 2026 19:30:03 +0000 Bridgewater Associates Discussing the US Shift to Modern Mercantilism 1:28 no 5 CO9_mEmlKrY https://youtube.com/watch?v=CO9_mEmlKrY In an excerpt from our Q4 CIO call, Karen Karniol-Tambour, Greg Jensen, and Bob Prince describe the new investment regime—defined by AI and modern mercantilism—and share how investors can build a resilient portfolio in the current environment. 00:00 Introduction 01:39 The Next Chapter of the New Regime: Mercantilism and AI Propel a "Misshapen" Expansion Toward Its Limits 07:53 The Next Chapter of the AI Boom 10:21 Investing Through the Current Environment Follow us on LinkedIn: https://www.linkedin.com/company/bridgewater-associates/ Tue, 03 Feb 2026 18:03:55 +0000 Bridgewater Associates Global Outlook: Our CIOs on Modern Mercantilism, AI, and Managing Money Today 13:30 no 6 DX_aYs2GHvg https://youtube.com/watch?v=DX_aYs2GHvg At the World Economic Forum in Davos, CEO Nir Bar Dea explains why geopolitics and technology have become the dominant forces shaping the global economy. He outlines a once-in-a-century shift away from globalization toward what Bridgewater calls modern mercantilism, occurring alongside an accelerating technological arms race that is already driving markets beneath the surface. Nir also discusses China’s role in this new world order, arguing that in an increasingly fragmented global system, China and broader Asia play an essential role in portfolio diversification. Nir was joined in conversation by: Jean-Noël Barrot, Minister for Europe and Foreign Affairs, France Mina Al-Oraibi, Editor-in-Chief, The National Radosław Sikorski, Deputy Prime Minister and Minister of Foreign Affairs, Poland Moderator: Mirek Dusek, Managing Director, World Economic Forum Fri, 23 Jan 2026 23:35:59 +0000 Bridgewater Associates The Forces Redefining the Global Economic World Order 9:34 no 7 qXI0Ge02-xo https://youtube.com/watch?v=qXI0Ge02-xo During Bridgewater's 50th Anniversary celebration in our NYC office, Co-CIO Bob Prince reflected on the engine that powers everything else. Fri, 07 Nov 2025 20:03:23 +0000 Bridgewater Associates Co-CIO Bob Prince on What Makes Us, Us 2:19 no 8 eCnMjvuiRSo https://youtube.com/watch?v=eCnMjvuiRSo "It’s Crazy to Be Normal." Years ago, a few people made a bet over lunch. Today, that challenge lives on as Meadow Madness—a 600-foot slip-and-slide obstacle race that’s become one of Bridgewater’s most loved traditions. Fri, 07 Nov 2025 19:57:30 +0000 Bridgewater Associates From the Scrum to Meadow Madness 1:46 no 9 FZ2SwkGnhGM https://youtube.com/watch?v=FZ2SwkGnhGM Since Bridgewater’s founding in 1975, the Daily Observations has been central to how we process the world and turn understanding into investment insights—driven by a tireless pursuit to understand how markets and economies work. Written daily, the BDO—which we call “the wire” internally—distills our insights on the most important dynamics of markets and economies, and provides our clients, policymakers, the Oval Office, and investors around the world a ‘glimpse over the shoulder’ of Bridgewater investors. In the video above, our co-CIOs Bob Prince, Greg Jensen, Karen Karniol-Tambour, founder Ray Dalio, and some of our senior investors and editors share the story of the Daily Observations: its origin, its role in our investment process, and how the writing process has evolved through time. Explore a selection of Daily Observations that represent our approach to understanding economies and markets—and highlight how we were processing some of the most important events of the last few decades: https://www.bridgewater.com/50-years-of-the-bridgewater-daily-observations Fri, 31 Oct 2025 13:43:14 +0000 Bridgewater Associates 50 Years of the Bridgewater Daily Observations 18:33 no 10 5QItMgci7zg https://youtube.com/watch?v=5QItMgci7zg In this excerpt of our Q3 call, Co-CIO Bob Prince discusses how the acceleration of modern mercantilism and the AI revolution are threatening the current environment of near cyclical equilibrium that has been good for assets and shares his thoughts on investing in this environment. Record: October 14, 2025 Mon, 27 Oct 2025 17:59:48 +0000 Bridgewater Associates The Unstable Market Equilibrium, with Co-CIO Bob Prince 11:26 no 11 FpfOMq7kwKY https://youtube.com/watch?v=FpfOMq7kwKY With the third quarter of 2025 in the books, one of the markets receiving considerable attention is the gold market. Gold is up around 50% year-to-date and recently rose above $4,000 an ounce for the first time. The gold rally has also raised some important questions: Could we be looking at an international monetary reset, or is that overblown? Is gold on its way to becoming the world reserve currency, replacing the US dollar? And where is gold headed from here? To explore these questions and more, Daily Observations editor Jim Haskel recently sat down with Managing Deputy Chief Investment Officer David Trinh and Head of Contra-Currencies Hudson Attar. Thu, 23 Oct 2025 12:43:57 +0000 Bridgewater Associates Taking Stock of the Gold Rally 17:14 no 12 xO-Vb2vZfMk https://youtube.com/watch?v=xO-Vb2vZfMk Bridgewater opened its idea meritocracy to the world through the Forecasting the Future Challenge, drawing over 1,000 submissions from 120+ countries—and celebrated the winners live in Central Park at the Global Citizen Festival. Learn more here: https://www.bridgewater.com/bridgewater-and-global-citizen-announce-winners-of-the-forecasting-the-future-challenge Mon, 29 Sep 2025 17:16:21 +0000 Bridgewater Associates Bridgewater and Global Citizen Announce Winners of the Forecasting the Future Challenge 1:23 no 13 YfAA2Tgj7vI https://youtube.com/watch?v=YfAA2Tgj7vI Senior Portfolio Strategist, Head of Client Service and Marketing, and Editor of the Bridgewater Daily Observations, Jim Haskel, recently sat down with WTW’s Jon Pliner and Mercer’s Rich Nuzum to discuss the risks they see in asset allocations today and how investors can help protect their portfolios. The conversation focuses on the main vulnerabilities in portfolios today and how improved governance and diversification can help address them. Recorded Date: June 30, 2025 Editor’s note: The views of external guests do not necessarily reflect the views of Bridgewater. Thu, 07 Aug 2025 04:24:58 +0000 Bridgewater Associates Assessing the Vulnerabilities in Portfolios—and What to Do About Them 59:56 no 14 UB7tde5MlJI https://youtube.com/watch?v=UB7tde5MlJI Bridgewater Associates founder Ray Dalio joins Jim Haskel, Head of Client Service, to reflect on the firm’s past, present, and future as part of our 50th anniversary celebrations in our new NYC office. A lot has changed over half a century, but the most important things remain the same: a group of people that comes together around meaningful work and meaningful relationships. A community committed to deeply understanding the world and to translating that understanding into unique insights and impact for our clients. Thu, 31 Jul 2025 22:02:48 +0000 Bridgewater Associates Ray Dalio Reflects on Bridgewater’s 50-Year Anniversary 44:21 no 15 kkGVvLAztA4 https://youtube.com/watch?v=kkGVvLAztA4 Co-CIO Greg Jensen shares his thoughts on how modern mercantilism—including trade policy, geopolitical risk, and capital flows—is progressing, our outlook for the US economy, building resilient portfolios in this environment, and more. Tue, 15 Jul 2025 20:40:34 +0000 Bridgewater Associates An Update on the Big Forces Shaping Markets Today with Greg Jensen 30:08 no 16 yhFyZyaFYTY https://youtube.com/watch?v=yhFyZyaFYTY For 50 years, Bridgewater has developed a deep, systematic approach to understanding how economies and markets work. This video walks through the phases of our Research Circle—how we build, test, and evolve our frameworks to turn insight into action. Check it out to better understand our process and how to apply it in your own predictions for the Forecasting the Future Challenge. Apply and Learn More: https://www.bridgewater.com/forecasting-the-future-a-modern-economics-challenge Applications close August 1, 2025. Tue, 20 May 2025 11:59:35 +0000 Bridgewater Associates Inside Bridgewater’s Research Process 3:00 no 17 d5mPFNWDve8 https://youtube.com/watch?v=d5mPFNWDve8 Learn about the Bridgewater x Global Citizen 2025 partnership and explore the rise of Modern Mercantilism—a new global paradigm where nation states play a more active role orchestrating their economies, national authority is prioritized, trade balances signal strength, champions are protected, and industrial policy returns as a tool of global competition. Forecasting the Future: A Modern Economics Challenge—invites you to dive into the evolving global economy and predict how the next era of Modern Mercantilism will transform trade, policy, and power on the global stage. Who Wins? Who Loses? Why? Apply and Learn More: https://www.bridgewater.com/forecasting-the-future-a-modern-economics-challenge Applications close August 1, 2025. Tue, 20 May 2025 11:45:04 +0000 Bridgewater Associates Exploring the Bridgewater x Global Citizen Partnership and the Shift to Modern Mercantilism 6:00 no 18 PwKuJHKy9ec https://youtube.com/watch?v=PwKuJHKy9ec Bridgewater investors Devon Long and Eka Zhao reflect on how a single question led to a powerful partnership with Global Citizen—producing research on Sub-Saharan Africa’s growth trajectory, co-hosting the Economic Development Assembly in Côte d’Ivoire, and helping support the World Bank’s historic IDA21 replenishment. This 2024 lookback of our partnership shows what’s possible when deep research and global collaboration come together—and what that could mean for your journey in the Forecasting the Future Challenge. Apply and Learn More: https://www.bridgewater.com/forecasting-the-future-a-modern-economics-challenge Applications close August 1, 2025. Tue, 20 May 2025 11:45:03 +0000 Bridgewater Associates From Big Questions to Global Impact: Inside the 2024 Bridgewater x Global Citizen Partnership 9:05 no 19 11fZ3DusMcY https://youtube.com/watch?v=11fZ3DusMcY Bridgewater's Deputy co-CIO Blake Cecil breaks down the Bridgewater x Global Citizen Forecasting Challenge—exploring the global shift toward Modern Mercantilism and the critical questions driving it. Learn how you can participate by making rigorous, data-backed predictions about the future of the global economy—and be part of shaping what comes next. Apply and Learn More: https://www.bridgewater.com/forecasting-the-future-a-modern-economics-challenge Applications close August 1, 2025 Tue, 20 May 2025 11:45:00 +0000 Bridgewater Associates Forecasting the Future: Inside the Modern Economics Challenge 2:23 no 20 RDrys1DrJgA https://youtube.com/watch?v=RDrys1DrJgA In conversation with Forbes Editor Randall Lane, Bridgewater CEO Nir Bar Dea discusses the global paradigm shift unfolding in markets and geopolitics—what Bridgewater calls modern mercantilism. He also announces Forecasting the Future: A Modern Economics Challenge, a global opportunity for bold thinkers to share their forecasts and predictions into the forces reshaping the global economy—contributing to the understanding needed to navigate this once in a generation reset. Learn more: https://www.globalcitizen.org/en/programs/forecasting-the-future/ Mon, 05 May 2025 21:17:44 +0000 Bridgewater Associates Bridgewater x Global Citizen Announce “Forecasting the Future: A Modern Economics Challenge" 7:46 no 21 lpgc_QHQBj4 https://youtube.com/watch?v=lpgc_QHQBj4 In this edited version of our Q1 CIO call, Co-CIO Karen Karniol-Tambour describes how we are processing today’s radically different economic and market environment. Tue, 29 Apr 2025 18:00:24 +0000 Bridgewater Associates Our Outlook and the Threats We See to Portfolios, with Co-CIO Karen Karniol-Tambour 44:15 no 22 b7ysVVlJSM8 https://youtube.com/watch?v=b7ysVVlJSM8 Daily Observations editor Jim Haskel sits down with head of contra-currencies Hudson Attar and portfolio strategist Alex Smith to discuss the recent gold rally and the type of diversification gold can provide. To view the transcript and charts click here: https://www.bridgewater.com/research-and-insights/transcript-gold-hits-all-time-highs-assessing-the-rally-and-golds-role-in-portfolios Fri, 21 Mar 2025 16:38:46 +0000 Bridgewater Associates Gold Hits All-Time Highs: Assessing the Rally and Gold’s Role in Portfolios 27:54 no 23 nhsilyszdx0 https://youtube.com/watch?v=nhsilyszdx0 CEO Nir Bar Dea joins Bloomberg’s Sonali Basak to discuss the impact of recent geopolitical changes on the global economy and how Bridgewater is positioned to help clients adapt. He starts by outlining the three major forces shaping today’s macroeconomic landscape—the paradigm shift from globalization to what Bridgewater calls Modern Mercantilism, increasing portfolio concentration and vulnerabilities, and technological disruption unfolding at exponential speed. Drawing from Bridgewater's cutting-edge application of AI and machine learning, Nir also shares the importance of being a practitioner and mapping changes systematically. In discussing Bridgewater’s differentiated investment process and fundamental focus on meritocracy, Nir provides insight into his personal background, what led him to join Bridgewater, and how that has shaped his perspective on recent global events. Please read the disclosures at the end of the video for more information. Tue, 11 Mar 2025 21:20:27 +0000 Bridgewater Associates CEO Nir Bar Dea Joins Bloomberg Invest to Discuss Global Paradigm Shifts and Bridgewater’s Playbook 22:49 no 24 AjX8fhezgFI https://youtube.com/watch?v=AjX8fhezgFI Tech Homecoming Week at Bridgewater brings together over 100 remote and on-site employees across the Technology department for a week of speaker engagements, thematic work sessions, team building, and collaboration. This cross-disciplinary event fosters stronger interpersonal relationships, deeper learning, and better alignment across departments, serving as a fundamental enabler in supporting Bridgewater’s mission. Wed, 26 Feb 2025 19:17:44 +0000 Bridgewater Associates Bridgewater Tech Homecoming Week: Fostering Collaboration and Connection 4:58 no 25 B6FyX2ly0u4 https://youtube.com/watch?v=B6FyX2ly0u4 Energy expert Daniel Yergin sits down with Bridgewater senior portfolio strategist Atul Lele to discuss supply and demand dynamics across energy markets and their implications for investors. Editor’s note: The views of external guests do not necessarily reflect the views of Bridgewater. Wed, 26 Feb 2025 14:28:23 +0000 Bridgewater Associates Pulitzer Prize Winner Daniel Yergin on How the Energy Landscape Is Changing 34:25 no 26 vdJTrHf_3dY https://youtube.com/watch?v=vdJTrHf_3dY During a panel at FII Priority in Miami, CEO Nir Bar Dea unpacks the global economic forces currently driving the shift from globalization to modern mercantilism, including geofragmentation, supply chain localization, and protectionism. He also describes the other factors shaping the global order, including the increased concentration of portfolios and technological disruption of AI. Nir is joined by H.R.H. Ambassador to the United States, Reema Bandar Al Saud; Co-Founder & General Partner of Andreessen Horowitz, Benjamin Horowitz; FIFA President, Gianni Infantino; President and CEO of Franklin Templeton, Jenny Johnson; Reddit Co-Founder and Seven Seven Six Founder, Alexis Ohanian; and Founder & Chairman of Grupo Salinas, Ricardo B. Salinas Pliego, as well as moderator CNN Anchor, Zain Asher. Past performance is not indicative of future results. See Important Disclosures and Other Information: https://www.bridgewater.com/important-disclosures-and-other-information Tue, 25 Feb 2025 16:50:47 +0000 Bridgewater Associates CEO Nir Bar Dea on Geofragmentation and the Global Shift to Modern Mercantilism 10:23 no 27 WnPe1lo4kBc https://youtube.com/watch?v=WnPe1lo4kBc Co-CIO Karen Karniol-Tambour gave an interview on Bloomberg while attending the World Economic Forum in Davos, Switzerland. During her conversation, Karen discussed the firm's global approach to investing, and how the changing global environment impacts investors. Fri, 24 Jan 2025 21:46:47 +0000 Bridgewater Associates Karen Karniol-Tambour Joins Bloomberg Surveillance at the World Economic Forum 9:50 no 28 LNtgmCCIt1g https://youtube.com/watch?v=LNtgmCCIt1g Bridgewater hosted the Atlantic Council’s inaugural Millennium Leadership Summit at its headquarters, bringing together leaders across government, business, and civil society to discuss key trends impacting economies and markets around the world. Read more here: https://www.bridgewater.com/people/bridgewater-hosts-atlantic-councils-inaugural-millennium-leadership-summit Wed, 13 Nov 2024 17:38:56 +0000 Bridgewater Associates Bridgewater Hosts Atlantic Council’s Inaugural Millennium Leadership Summit 1:13 no 29 b8K7royre1U https://youtube.com/watch?v=b8K7royre1U Where is AI today, and where is it going in the near future? In this video presentation, Bridgewater’s AIA Labs Chief Scientist Jas Sekhon provides a framework that can help answer those questions and resolve a key paradox that currently exists in the AI landscape. This presentation was recorded during the Bridgewater-GIC 30th anniversary that took place in Singapore on September 16. For the joint videocast Bridgewater and GIC published on the major issues facing investors in the years ahead, please see here: https://www.bridgewater.com/research-and-insights/gic-and-bridgewater-identify-the-major-issues-facing-investors-in-the-years-ahead Wed, 30 Oct 2024 19:14:28 +0000 Bridgewater Associates AI Today and Tomorrow 27:55 no 30 J3oW4FBF2Aw https://youtube.com/watch?v=J3oW4FBF2Aw From October 9-10, 2024, Bridgewater Associates co-hosted the Economic Development Assembly in Abidjan, Côte d’Ivoire, in support of the World Bank’s 21st IDA replenishment, alongside partners Global Citizen and Harith General Partners. Mon, 21 Oct 2024 17:13:45 +0000 Bridgewater Associates Bridgewater Co-Hosts Economic Development Assembly in Support of the World Bank’s IDA Replenishment 2:16 no 31 08QAe87vUSA https://youtube.com/watch?v=08QAe87vUSA In a moderated conversation, Temasek CIO Rohit and Bridgewater co-CIO Bob discuss how they each approach portfolio resilience at their respective organizations and the potential opportunities they see in markets today. Wed, 09 Oct 2024 15:27:17 +0000 Bridgewater Associates Rohit Sipahimalani and Bob Prince on Building a Resilient Equity Portfolio 20:22 no 32 Br0AJZhxwJI https://youtube.com/watch?v=Br0AJZhxwJI Head of Client Service and Bridgewater Daily Observations Editor, Jim Haskel, recently sat down with Bridgewater founder and CIO mentor Ray Dalio aboard his OceanXplorer ship in Singapore to discuss the five big forces that shape history and markets and how they’re playing out today. From their meeting spot on the bridge of the ship, you’ll see Ray and Jim discuss: 1. the debt/money/economic force, including how the classic cycles play out, with Japan and the United States as case studies; 2. the internal order force, noting increased wealth and values gaps that are leading to greater polarity; 3. the external order force and how the geopolitical and development trajectories of different economies can inform a balanced approach to portfolio construction; 4. the force of nature, with a focus on the steep economic costs that will come as a result of climate change; 5. and the force of human inventiveness, including how AI could produce extreme productivity benefits that may also exacerbate inequality. Wed, 09 Oct 2024 15:14:04 +0000 Bridgewater Associates Ray Dalio Shares His Latest on the Five Big Forces from the OceanXplorer 38:57 no 33 Zdp5ZeSZuYg https://youtube.com/watch?v=Zdp5ZeSZuYg Blake Cecil joined Bridgewater in 2017 and as Deputy Chief Investment Officer, he partners closely with co-CIO Greg Jensen to directly oversee the full breadth of our flagship investment strategy. Blake is also a member of Bridgewater's Investment Committee and works closely with the Head of Research and Asset Class Leads to set research agendas and develop new systemized trading strategies. His expertise and contributions to Bridgewater’s mission of understanding global markets and economies and delivering for our clients have been instrumental. His insights are regularly shared with the world’s largest and most sophisticated institutional investors and policymakers via Bridgewater’s Daily Observations and podcasts. Blake also plays an important role in cultivating the company’s culture and developing a vibrant community of investors. He oversees the Investment Associate talent program and is an unrelenting force in creating an ecosystem for that talent to succeed. Blake is extraordinary in many ways but what makes him stand out the most, and the reason he has elevated so quickly, is his perpetual commitment to challenging the status quo in pursuit of what’s true and the best possible answers. “He has an extremely high bar and a keen ability to perceive, understand, and attack problems without hesitation or fear. He’s the kind of leader you’d want on your team — a genuine presence who is deeply knowledgeable, generous, and engaging — and a true role model to those around him,” says co-CIO Karen Karniol-Tambour. Mon, 30 Sep 2024 12:58:52 +0000 Bridgewater Associates Deputy CIO Blake Cecil Recognized Among Business Insider’s 2024 Rising Stars of Wall Street 2:09 no 34 09rLLtWvYac https://youtube.com/watch?v=09rLLtWvYac As part of the 30th anniversary of the relationship between Bridgewater and GIC, the entity that is responsible for managing Singapore’s international reserves, our two organizations have led a series of joint research projects to identify and assess the issues we think are most important for investors to grapple with in the years ahead. In this videocast, Head of Client Service and Editor of the BDO Jim Haskel discusses the takeaways of that work with Jeffrey Jaensubhakij, Group Chief Investment Officer of GIC; Liew Tzu Mi, Chief Investment Officer for Fixed Income & Multi Asset and Chair of the Sustainability Committee; and our own co-Chief Investment Officer Greg Jensen. The conversation focuses on four areas, the first three of which are from our joint research: (1) US exceptionalism in the economy and markets, including what produced it and whether it’s likely to continue; (2) Artificial intelligence, with a focus on AI’s potential for transformative impacts on productivity, and the challenges that stand in the way; (3) China's economy, including the deflation emanating from China and what this means for investors; and (4) Sustainability, discussing how GIC approaches its own sustainable investing efforts. We extend our gratitude to Jeffrey and Tzu Mi for their participation in this discussion, and to GIC for 30 years of partnership. Mon, 16 Sep 2024 01:02:28 +0000 Bridgewater Associates GIC and Bridgewater Identify the Major Issues Facing Investors in the Years Ahead 44:35 no 35 nmlIihQ3WFI https://youtube.com/watch?v=nmlIihQ3WFI Bridgewater CEO Nir Bar Dea was joined by Ajay Banga, President of The World Bank, as our latest guest in Bridgewater’s Distinguished Speaker Series to discuss development and economic outlooks for the African continent. Due to global demographic shifts, nearly 25% of the global working-age population will be located in Sub-Saharan Africa by 2050, yet over 600 million Africans across the continent lack access to basic resources like electricity. In his second visit to Bridgewater’s campus, Ajay spoke to these demographic and resource trends, and how they present both emerging challenges and opportunities for global investors from the private and public sectors. Nir and Ajay discussed the origin story of Bridgewater’s efforts to support the World Bank’s International Development Association 21st replenishment, resulting in a partnership with international advocacy organization Global Citizen to produce research outlining potential economic trajectories of Africa and how growth can be furthered. Bridgewater and Global Citizen’s partnership in support of the World Bank’s development efforts will culminate in an African Economic Assembly in Côte d'Ivoire from October 9-10. The assembly will bring together Heads of State, Finance Ministers, private sector leaders, Multilateral Development Banks and civil society to drive major financial investments to end extreme poverty across Africa. See more: https://www.bridgewater.com/research-and-insights/world-bank-president-ajay-banga-speaks-with-ceo-nir-bar-dea-on-the-future-of-development-in-africa Thu, 29 Aug 2024 21:46:08 +0000 Bridgewater Associates World Bank President Ajay Banga Speaks with CEO Nir Bar Dea on the Future of Development in Africa 45:00 no 36 JxOwIaG0_ig https://youtube.com/watch?v=JxOwIaG0_ig One key area of focus for us has always been working with our clients to help them address the vulnerabilities in their portfolios and engineer greater portfolio resiliency. We wanted to bring you into what that actually looks and feels like by sharing a conversation with one of our clients who’s at the forefront of this type of research: Future Fund, Australia’s sovereign wealth fund, which manages $300 billion AUD. Through our 15-year relationship with Future Fund, we’ve found that we speak a very similar language, particularly when it comes to looking at portfolios holistically in order to make them as resilient as possible. So, we were delighted to bring Future Fund CIO Ben Samild into a discussion with our own co-CIO Karen Karniol-Tambour, Head of Strategist Group Atul Lele, and BDO Deputy Editor Jake Davidson, to talk through how Ben and his team think about building an asset allocation using their total portfolio approach. The conversation covered a number of the most challenging questions facing institutional investors, including: - How does the total portfolio approach work in practice? - Are benchmarks relevant, and if not, how do you assess the quality of your choices? - How can allocators design an organization with the right culture and the right incentives to get the outcomes they want? - Where is the macro environment headed (and what changes is Future Fund making as a result)? - How can investors get inflation protection in a portfolio? - How should institutions determine how many illiquid assets to hold, and what are the trade-offs? We hope you enjoy the discussion. Editor’s note: the views of external guests do not necessarily reflect the views of Bridgewater. Tue, 27 Aug 2024 13:16:07 +0000 Bridgewater Associates Future Fund CIO Ben Samild on Building a Resilient Total Portfolio 44:07 no 37 vrHbvpKq0uE https://youtube.com/watch?v=vrHbvpKq0uE Watch highlights from Bridgewater’s BProud Affinity Network events, which included community discussions and gatherings that showcased the vibrant diversity and authentic expression of our LGBTQ+ members. Fri, 28 Jun 2024 14:11:46 +0000 Bridgewater Associates The Heart of Pride: Bridgewater Celebrates Pride Month 1:21 no 38 NT3EeU3s5pM https://youtube.com/watch?v=NT3EeU3s5pM Internal Conference Day at Bridgewater, led by employees across the firm, aims to foster innovation and creativity through a vibrant exchange of ideas. From bread making to artificial intelligence, employees engage in in-depth conversations and hands-on learning, and showcase their diverse passions and deep curiosity across both professional and personal dimensions. The day highlights Bridgewater's culture of curiosity and collaboration, embodying our core values of learning, innovation, and community. Wed, 12 Jun 2024 19:41:40 +0000 Bridgewater Associates Celebrating Curiosity and Passion at Bridgewater's Internal Conference Day 2:08 no 39 ZV4X0llLeJ8 https://youtube.com/watch?v=ZV4X0llLeJ8 At the Milken Institute Global Conference, co-CIO Karen Karniol-Tambour spent the entirety of the event connecting with our clients, presenting Bridgewater’s latest thinking in a keynote panel, and delivering a talk about her heritage. In this video, we share a behind-the-scenes look into Karen and the Bridgewater team at the conference. Tue, 21 May 2024 18:40:39 +0000 Bridgewater Associates Bringing Bridgewater’s Insights to the 2024 Milken Institute Global Conference 2:10 no 40 ZvpNFCMm-g0 https://youtube.com/watch?v=ZvpNFCMm-g0 Bridgewater co-CIO Karen Karniol-Tambour joined a panel conversation at Semafor’s first World Economy Summit in Washington, D.C. to discuss the evolving macroeconomic environment, fiscal policy, the bond market, demand for U.S. assets, and the strength of the U.S. dollar. Recorded Date: April 18, 2024 Mon, 20 May 2024 21:55:19 +0000 Bridgewater Associates Karen Karniol-Tambour on the Changing Macroeconomic Environment and Fiscal Policy 19:24 no 41 CgZvVAfSPGM https://youtube.com/watch?v=CgZvVAfSPGM At the Milken Institute’s 2024 Global Conference, co-CIO Karen Karniol-Tambour shares her thoughts on the macro outlook, touching on where to find geographic diversification, how we’re approaching geopolitical risk, the impact of AI on inflation, and more. Recorded Date: May 7, 2024 This content is provided by the Milken Institute and originally appeared as programming during the Milken Institute Global Conference. Tue, 14 May 2024 20:09:51 +0000 Bridgewater Associates Karen Karniol-Tambour on Where to Find Diversification, Handling Geopolitical Risk, and AI 59:14 no 42 zxNlTiXXYl8 https://youtube.com/watch?v=zxNlTiXXYl8 Bridgewater announces a new strategic partnership with Global Citizen that will support the World Bank’s International Development Association (IDA) fund replenishment - IDA21. By combining Bridgewater’s research with Global Citizen’s advocacy, this partnership will encourage IDA donor nations to make financial commitments ahead of an economic summit in Côte d’Ivoire from October 9-10. Learn more: https://www.bridgewater.com/in-the-news/bridgewater-announces-partnership-with-global-citizen-in-support-of-the-world-bank See important disclosures: https://www.bridgewater.com/important-disclosures-and-other-information Tue, 07 May 2024 17:55:55 +0000 Bridgewater Associates Bridgewater Announces Partnership with Global Citizen in Support of the World Bank 6:57 no 43 evfYcPGllNg https://youtube.com/watch?v=evfYcPGllNg Bridgewater CEO Nir Bar Dea, in conversation with Julie Hyman from Yahoo Finance, explains the significance of the new strategic partnership with Global Citizen to support the World Bank’s International Development Association’s 21st replenishment round (IDA21) and how Bridgewater will conduct research that will provide data and insights into the economic potential of the African continent, including the anticipated impact an improved economic trajectory for Africa would have on global economies and markets. This work will culminate in an economic summit in Côte d’Ivoire from October 9-10, which will bring together public and private sector leaders and civil society to discuss economic growth across the continent. Learn more: https://www.bridgewater.com/in-the-news/bridgewater-announces-partnership-with-global-citizen-in-support-of-the-world-bank Tue, 07 May 2024 16:54:44 +0000 Bridgewater Associates Nir Bar Dea Discusses Partnership with Global Citizen in Support of the World Bank's IDA21 Campaign 10:32 no 44 pILhaSx9URg https://youtube.com/watch?v=pILhaSx9URg Bridgewater alum, author, and investor Paul Podolsky shares how he’s assessing Russia and its threat to the global order following the death of Alexei Navalny, what it takes for economies to succeed in the modern world, and the implications for investors. Record Date: February 22, 2024 The views of external speakers do not necessarily reflect the views of Bridgewater. Fri, 01 Mar 2024 02:31:33 +0000 Bridgewater Associates Bridgewater Alum Paul Podolsky on What Russia Tells Us About the Future of the Global Order 30:54 no 45 23b4uL0Lcqk https://youtube.com/watch?v=23b4uL0Lcqk The unifying experience at Bridgewater is one of constant improvement — a relentless pursuit of excellence in our shared mission to understand how the world works, and the deep bonds forged between teams along the way. Hear reflections about our culture and community from employees who live it every day. Learn more about our culture here: https://www.bridgewater.com/culture Fri, 15 Dec 2023 18:21:18 +0000 Bridgewater Associates A Culture of Meaningful Work and Meaningful Relationships 4:54 no 46 bhyLbREQIAg https://youtube.com/watch?v=bhyLbREQIAg In Part 2 of this two-part series, Bridgewater founder and CIO mentor Ray Dalio sat down with Daily Observations editor Jim Haskel to discuss the third force in his five big forces framework: the international world order. Ray starts by talking though the US-China great power rivalry, the current state of the conflict, and the questions it raises for the global economy. He also shares his thoughts on China’s domestic economy, the challenges facing Chinese policy makers, and the rising prominence of India—which is an increasingly important geopolitical player. In Part 1, Ray describes his five big forces framework and uses it to explain the risks to investors at this stage in the long-term debt cycle and the growing threats to the domestic political order. Listen here: https://youtu.be/4jVJMD9xNUk?si=XAuXLd0ygqskzbdo Recorded September 8, 2023 Wed, 27 Sep 2023 17:45:31 +0000 Bridgewater Associates Ray Dalio on the US-China Conflict and China’s Economic Challenges 23:22 no 47 4jVJMD9xNUk https://youtube.com/watch?v=4jVJMD9xNUk In Part 1 of this two-part series, Bridgewater founder and CIO mentor Ray Dalio sat down with Daily Observations editor Jim Haskel to describe his five big forces framework and uses it to explain the risks to investors at this stage in the long-term debt cycle and the growing threats to the domestic political order. The five forces, which Ray lays out in his book Principles for Dealing with the Changing World Order, are: 1) the financial and economic force, including the dynamic of massive debt accumulation; 2) the internal domestic order; 3) the international world order in terms of the relations between great powers; 4) acts of nature; and 5) technology. In this video, Ray discusses the financial and economic force and how it connects to the domestic order force. He touches on where we are in the long-term debt cycle, the great wealth transfer that has made the economy unusually resilient, and the related risks for investors over the long-term. Ray also describes how wealth and values gaps in the US are exacerbating internal conflict, leading to growing threats to the rule of law. In Part 2, Ray focuses on the international world order, including his read on the US-China relationship and China’s economy more broadly. Listen here: https://youtu.be/bhyLbREQIAg Recorded September 8, 2023 Wed, 27 Sep 2023 17:39:18 +0000 Bridgewater Associates Ray Dalio on the Great Wealth Transfer and Rising Internal Conflict 33:23 no 48 O_ipFnQ05L0 https://youtube.com/watch?v=O_ipFnQ05L0 Bridgewater co-CIO Karen Karniol-Tambour joins “Bloomberg Wealth with David Rubenstein” for a wide-ranging discussion. In this segment, filmed on Bridgewater’s campus, Karen shares her thoughts on a number of the biggest topics in economies and markets, including inflation and Fed policy, the potential for a recession, sustainable investing, and the most common mistake that investors make. The conversation also covers several topics related to Bridgewater itself, such as our culture, current leadership, Karen’s own Bridgewater journey—and the best investment advice she’s ever received. Recorded August 30, 2023 Fri, 22 Sep 2023 20:35:41 +0000 Bridgewater Associates Karen Karniol-Tambour on Bridgewater’s Leadership, Culture, and Outlook 23:40 no 49 XVEc5uKiwkw https://youtube.com/watch?v=XVEc5uKiwkw Macro Team Co-Head Jason Rotenberg is joined by shipping researchers J Mintzmyer and James Catlin of Value Investor’s Edge to discuss the state of global shipping and how it connects to inflation, commodity markets, geopolitical risk, China’s recovery, and other key macro issues. Shipping may be a relatively small sector by itself, but its connection to nearly every part of the global economy makes it an important part of tracking how different themes are developing and a great tool for perceiving issues that may matter a lot down the line. And when something goes wrong—as seen during COVID—shipping can transform from a minor pressure to a very material one. The conversation covers a wide range of topics, including what shipping tells us about the state of COVID-era supply problems, China’s economy, Europe’s ability to obtain natural gas, the potential for disruption in the oil market, how geopolitics are affecting supply chains, and the impact of ESG and the green energy transition on investment. Recorded August 28, 2023 Fri, 15 Sep 2023 20:28:51 +0000 Bridgewater Associates How Shipping Helps Explain the World 30:00 no 50 o2L2QPgV0rQ https://youtube.com/watch?v=o2L2QPgV0rQ In a recent podcast, co-CIO Greg Jensen and Daily Observations editor Jim Haskel discuss how changes to the composition of US debt issuance has temporarily averted some of the most important consequences of the tightening, and why this support to assets is likely to turn into a drag. Greg describes the mechanics of how the US Treasury changed its issuance patterns in a unique way, why this is likely not sustainable, how he’s assessing the impact of the liquidity hole going forward, and what all of this means for investors. Tue, 15 Aug 2023 12:36:37 +0000 Bridgewater Associates What Ever Happened to the Liquidity Hole? 19:16 no 51 8itaxPd3NsE https://youtube.com/watch?v=8itaxPd3NsE In recognition of Mental Health Awareness Month, the Bridgewater community welcomed Gary Mendell, founder and CEO of Shatterproof, for a conversation on the intersection of mental health and addiction. Shatterproof is a nonprofit dedicated to reversing the course of the addition crisis in America, focused on transforming addiction treatment, ending stigma, educating and empowering communities, and advocating for change. Gary spoke about the loss of his son and how it led to his mission to spare others from tragedy. “We don't wait for change, we create it,” Gary says. “Together we’re working to transform our healthcare system, and our society, so we prevent and treat addiction with science and compassion — the way we do with any other chronic illness — and build a future where those touched by this disease don’t experience any shame or stigma.” The conversation was moderated by Sarah Fass, Bridgewater’s Chief Human Resources Officer, who shared her personal story of loss and how Shatterproof’s action-driven work to change the narrative around substance abuse disorder led to her involvement with the organization. Learn more about Shatterproof and resources: https://www.shatterproof.org/ For more on Bridgewater’s benefits: https://www.bridgewater.com/working-at-bridgewater/benefits Wed, 07 Jun 2023 13:29:59 +0000 Bridgewater Associates Gary Mendell on the Intersection of Mental Health and Addiction 32:39 no 52 GhoJu6_0yc0 https://youtube.com/watch?v=GhoJu6_0yc0 Co-CIO Karen Karniol-Tambour joins Positive Sum CEO Patrick O’Shaughnessy at the 2023 Sohn Investment Conference. In this wide-ranging conversation, Patrick and Karen talk through a number of the big near-term and long-term shifts that are playing out across economies and markets and what those shifts mean for investors. See important disclosures: https://www.bridgewater.com/important-disclosures-and-other-information Thu, 18 May 2023 17:53:10 +0000 Bridgewater Associates Co-CIO Karen Karniol-Tambour on the Big Picture Dynamics Facing Investors 36:22 no 53