Billionaire hedge fund manager Ray Dalio got into a heated debate with Joe Kernen this morning — because Ray, apparently, doesn’t think capitalism is giving everyone a fair fucking shake. Good olde Ray wants everyone to have the same opportunities that he enjoyed — such as graduating Harvard Business School and also marrying into the fucking Vanderbilt family.
You can throw all of the money in the world at people — it won’t change a single fucking thing. Don’t believe me — have a look at the school districts that enjoy overzealous funding and see if it made a dent. Ray got to where he is today because of who he is — his genetic make up. Getting into Harvard probably wasn’t by happenstance and marrying Gertrude Vanderbilt’s daughter probably didn’t hurt his prospects when he launched his fucking hedge fund back in the 1970s either.
Capitalism is a fucked up form of economy — but it’s the best we’ve got. Transferring money from one place to the next only causes friction and will never move the needle. Things are fucked now for a variety of reasons — most of which is a subtle trickle of eugenics coming out of our beloved Ivy League schools, and other top tier Universities.
But that’s a topic for another day.
What’s important to take away from this debate with “Hair Piece” Kernen is that Dalio is shamefully and unapologetically weak and also a hard core beta male — with zero solutions, only complaints and self-hatred.
FUCK OFF RAY DALIO.
Ciao.
UPDATE: Having a moment to relax and chill, I did a little legwork and learned Ray’s wife is an immigrant from Spain and is likely a distant relative to House Vanderbilt. No idea, really — don’t fucking care too.
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Smart. Positioning himself for when it hits the fan and the pitchforks come out.
ferd, I find myself finally agreeing with you for once.
The problem with the system is that it has turned into a form of corporate fascism.
Unless you blow the doors off in the start up stage and grow to big to be ignored, you are relegated to the back forty. Reading about kids getting fined for trying to cut grass and sell lemonade!
The corporations use their lobbying power to introduce legislation and regulation to keep upstarts under thumb. In the extreme they use the government and military to have nations bend the knee so that they can get in and deliver their products/services.
Best post. These self-righteous motherfuckers were begging for TARP in 2008. They love them some big government and state welfare when their way of life is threatened, but the rest can go fuck themselves.
FUCKING AWESOME POST Cap’n Fly! Three cheers fer the Cap’n!!
Typical “Limousine liberal” – do as I SAY, not as I do… I already MADE my money, was unencumbered to get my breaks… now the rest of you should all be grouped together and take handout crumbs because (let’s face it), the ‘special’ people like ME are above it all and only we few enlightened folks are smart enough to know whats best for you little people. Like how the HUGE corporations have essentially made their monopolies and now their CEOs WANT socialism and gov’t regulation not really because they want to give AWAY their wealth (which anyone COULD do) but because they want BARRIERS TO ENTRY for the competition.
FUCK YOU, Ray…. Sick of these America haters who got everything from the greatest free market & free expression system humans could come up with (albeit with a few flaws) and now bitch and moan. Go get ’em hairpiece!
Inequality and cronyism was far worse the further back in time you go, believe me.
The tide of socialism is rising. It’s undeniable, and there are good reasons for it. Americans are simply not going to accept the current order.
Either the stratification of wealth and opportunity changes or we lose capitalism, what little of it is left. We are closer to oligarchy IMO. And that is the problem. Oligarchy is not acceptable
I think that is at the core of what Dalio is saying and we better listen.
hair-piece Kernen may take issue with that moniker
https://www.cnbc.com/2015/05/29/squawk-boxs-joe-kernen-takes-the-long-awaited-toupeechallenge.html
Shame on you Fly.
kernen is a douche and a shill! Unintelligent one at that.
Capitalism is still the best choice considering the alternatives but that is NOT what we have. What we have is a bunch of big corporations buying politicians and fostering regulations that ONLY benefit these said corporations at the expense of “middle class” which is to say America!
The voice of the people has not been heard in this country since Carter administration and it won’t be (meaning it will get worse because greed has no limits) until all money is OUT OF POLITiCS.
Go Dalio