. >> rose: ray dalio is here, he is the founder of bridgewater associates. created the investment firm in 1975 out of a two-bedroom apartment in new york city. today the company managed roughly $125 billion in global investments. its clients include foreign governments, sovereign banks, central banks and institutional pension funds. over the last two years, bridgewater ranked as the largest and best-performing hedge fundn the world. in 2010, his returns were greater than the profits of google, amazon and ebay combined. i'm very pleased to have ray dalio at this tablfor the firstime to lk about a pepective on t global economic scene and a whole range of issues having to do with where we see ourselves and also a look at his whole philosophy and his own opinions and the way he looks at th world. having said that, welcome. >> thank you. >> rose: great to have you here. >> great to be here. >> rose: what is bridgeter sociates? it's a global macro firm. we assess what the wor economy is like and what... how asset classes will change and we are managing money for p

people from finance, greg jensen from bridgewater, people from the pharmaceutical industry, from theg, retail and apparel industries, from the entertainment industry, music. it's pretty well-rounded. but i would say tech is probably the sector that's the best represented, although very high on the list, there are people from other industries. >> i think i misspoke. it's really not the wave of the future because it is -- the future is now. used to be that it seems silicon valley was the wave of the future. but it really is here and now. the first woman on the list coming in at number 20 is marissa meyer. >> she is great. she's one of the first 20 employees at google. she's an engineer. her title is vp but she does a lot of things there. she heads up google's local division and she was heavily involved in the recent acquisition of zagat. but what's interesting about marissa this year, she's become an angel investor, investing in start-ups herself. she's definitely one of the top, i would say, public face of google. she's been on the list the past three years. >> when you all came up wi

people from finance as you saw number three from greg jensen from bridgewater, we have people from theaceutical industry, clothing and apparel and retail industries, from the entertainment industry, music, so it really is pretty well rounded. i would say tech is probably the sector that's the best represented. although very high on the list people from other industries. >> it's not the wave of the future because it is the future is now. it used to be that it seemed silicon valley was the wave of the future. it is here and now. talk about the first woman on the list coming in at number 20. marissa mayor. >> meyer. >> she was one of the first -- one of the employee -- i want to say number 20 or one of the first employees at google which makes her an old timer by google standards. she's an engineer, her title is vp but does a lot of things there. investing in start-up start-ups and one of the top faces of google. she's been on the list. >> when you came up with this list did you find it was difficult because a, you first had to define power and reach because it seems since many of these p

co-ceo of bridgewater hedge funds.treet movements have raised $300,000 so far. how are the protesters managing all that money without investing it or putting it into the very banks they're protesting against? "american morning" back right after this break. ♪ more and more folks are trying out snapshot from progressive. a totally different way to save on car insurance. the better you drive, the more you can save. no wonder snapshot's catching on. plug into the savings you deserve, with snapshot from progressive. i'm not a line item on a budget. and i'm definitely not a pushover. but i am a voter. so washington... before you even think about cutting my medicare and social security benefits... here's a number you should remember. 50 million. we are 50 million seniors who earned our benefits... and you will be hearing from us... today and on election day. ♪ gives you a 50 percent annual bonus. so you earn 50 percent more cash. if you're not satisfied with 50% more cash, send it back! i'll be right here, waiting for it. who

east bridgewater, massachusetts. caller: i agree with the man from tennessee. he hit the nail on the head. these liberal democrats, they are gimme people. they want to give everything away. they don't want to see anybody, white or black, work. they don't like the self-made millionaire that mr. cain is. it is aggravated -- keep sowing people. the woman in michigan about women being discriminated against. i was on the fire department, the first woman became on, the first thing she did was file a lawsuit against 11 of us. they go on theirth onere -- they go on there to get a lawsuit. the women -- their places in the home to take care of men. host: jerome, republican. caller: i think it is a bunch of crap, first and foremost. those democrats, they are so worried about somebody else, what is going on in somebody else's past life? why are they getting the illegal votes from aliens? they never talk about that, right? they never talk about the $4.2 billion that these illegals get in tax loopholes. why don't they focus on that? they got a strong black man like myself th

greg jensen, co-ceo of bridgewater associates.o, larry page, 38 years old, ceo -- >> come on, man. >> he's only 38? >> he's 38? >> $17 billion, and number one, not a surprise, but you'll be surprised at how mark zuckerberg only 27 years old. >> stop it. >> facebook's worth $50 billion, he owns 12% of it. that's $12 billion fortune. facebook has 800 million users and still growing. it's just an amazing story. started in 2004. it seems like facebook's been around forever. but you know, less than ten years old. >> 27, how is that possible? that's an incredible story. >> i think he's smarter than us, i don't know. >> number eight, jack dorsey, the co-founder of twitter. that was one of those things a few years ago, i don't know if it's going to be around long enough, but now it's hard to imagine life without twitter. >> he's very entrepreneurial, got another company called square, which is a mobile payment company. another interesting guy on the list, i think, willie, is kevin plank who is 39, still made the list, the founder of under

east bridgewater, massachusetts. caller: i agree with the man from tennessee. caller: i agree with that the man from tennessee. he hit the nail on the head. these liberal democrats, they are gimme people. they want to give everything away. they don't want to see anybody, white or black, work. they don't like the self-made millionaire that mr. cain is. it is aggravated -- keep sowing people. the woman in michigan about women being discriminated against. i was on the fire department, the first woman became on, the first thing she did was file a lawsuit against 11 of us. they go on theirth onere -- they go on there to get a lawsuit. the women -- their places in the home to take care of men. host: jerome, republican. caller: i think it is a bunch of crap, first and foremost. those democrats, they are so worried about somebody else, what is going on in somebody else's past life? why are they getting the illegal votes from aliens? they never talk about that, right? they never talk about the $4.2 billion that these illegals get in tax loopholes. why don't they focus o