Ray Dalio
Episode 290: Tested Strategies from 1 of The World’s Wealthiest Investors
I wish I could take everything Ray Dalio said and turn it into a book. But he already did that. It’s called, “Principles: Life and Work.”
And I’m going to be re-reading it for the rest of my life.
He defines principles as “ways of successfully dealing with reality to get what you want out of life.”
And he’s revealing how he used these principles to build BridgeWater Associates, (which manages $150 BILLION in assets. Globally.)
He told me story after story. How he went broke. How he started over. How he built a community within the walls of business. How he wrote his book. Love his family, teaches his students, learns from life…
“I think you’re faced with choices. Those are the times that test your values…”
“Being successful is hard,” he said. “But it’s a lot harder to live a life you don’t want.”
Then he said, “habit is the main controller of all of us.”
And (for me) it all came down to one formula:
He said, “Dreams + reality + determination = a successful life.”
Links and Resources
- Principles: Life and Work by Ray Dalio
- Ray founded Bridgewater Associates, LP, a hedge fund that manages $150 billion in global investments
- Listen to Ray’s TED Talk
- Follow Ray on Twitter + Facebook
Also Mentioned
- “The Hero with a Thousand Faces” by Joseph Campbell
- “The Power of Habit: Why We Do What We Do in Life and Business” by Charles Duhigg
- (And you can listen to my interview with Charles – Ep. 161 – Charles Duhigg: Be Smarter, Faster, Better… And Most of All Be Free)
- Also check out this video from Ray if you want to learn more about economics
Thanks so much for listening! If you like this episode, please subscribe to “The James Altucher Show” and rate and review wherever you get your podcasts:
Follow me on Social Media: