Ray Dalio & Bill Belichick on Building Great Teams

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  • Опубликовано: 19 май 2024
  • Since I released my book Principles: Life & Work, several remarkably successful people from all walks of life contacted me telling me that they used basically the same principles across domains and asked me if I would brainstorm with them about principles for success. This led to my having incredibly interesting and valuable conversations that I want to pass along to you so you can get the best possible principles for success.
    This first conversation is with one of the greatest football coaches and team builders in history, Bill Belichick, who just earned his 300th career win. After he read Principles he called me and said, “Mine are remarkably similar. Can we chat?” I asked him if we could record it for others to hear and he said sure, so here you go. We sat down before the start of this season to talk about building great teams and how failure is the most valuable part of the path to achieving great success, which is especially interesting as this season has been a challenging one so far. Our long conversation was edited down to a 45-minute piece, which I also broke up into short clips that I will pass along separately.
    Get the book, Principles: Life & Work, here: amzn.to/2JMewHb
    ----------------------------------------
    Key Sections:
    00:00 Introduction
    01:59 Going From Nothing to Something Big
    05:10 Tough Love
    09:42 Learning from Failure
    12:31 Picking People
    16:39 Identifying and Addressing Mistakes
    20:53 The Art of Giving Feedback
    25:49 Dealing with Arrogant Players
    27:08 Having Great Relationships
    33:53 The Psychology of the Team
    35:00 Toughness
    39:07 Bill’s Most Important Principles for Success
    42:54 Learning and Development
    ----------------------------------------
    More on Ray Dalio:
    Ray Dalio is the founder and CIO Mentor of Bridgewater Associates, the largest hedge fund in the world. He is the author of #1 New York Times Bestseller and #1 Amazon Business Book of the Year, Principles. Dalio has appeared on the Time 100 list of the most influential people in the world as well as the Bloomberg Markets list of the 50 most influential people. He lives with his family in Connecticut.
    Principles from this conversation:
    04:03: Write down your Principles
    04:48: Accept coaching and take positive action
    07:14: Strengthen your weakness to compete
    07:54: Avoid the personal at all costs
    09:38: If you don’t address your weaknesses, your opponents will
    10:34: Pain + Reflection = Progress
    10:55: Job security is based on performance
    12:17: It’s either the pain of preparation or the pain of failure
    12:31: Picking People
    13:10: Define the role clearly and “hear the click"
    13:57: Treat people the same on the way out as you did on the way in
    14:38: Have clear specifications
    15:25: If you know what somebody is like, you know what you can expect from them
    15:32: Know what can improve through training and what can’t
    17:47: Ask: Who should do what differently?
    18:03: Diagnose your mistakes to get at the root cause
    18:44: Play to your strengths and protect your weaknesses
    20:11: Willingness to own mistakes is a key marker of success
    21:38: If you don’t address the issue, you’ll have confusion about the problem
    23:41: Great leaders welcome criticism
    24:59: Put your compliments and criticisms in perspective
    28:34: Be generous and expect generosity from others
    29:19: Know where the line is and be on the far side of fair
    31:14: Cultivate meaningful work and meaningful relationships
    32:45: Learning goes both ways
    34:30: Prioritize execution
    39:20: Do your job, work hard, pay attention to details & put the team first
    39:33: Put the mission first
    40:35: Ignore the noise
    40:50: Focus on your performance
    42:04: Focus on the important relationships
    43:19: There’s no substitute for hard work
    43:43: Leadership is doing your job and putting the team first
    ----------------------------------------
    For more from Ray Dalio:
    Principles | #1 New York Times Bestseller: amzn.to/2JMewHb
    Principles | Your Guided Journal: www.amazon.com/Principles-You...
    Principles for Success, distills Principles into an easy-to-read and entertaining format for readers of all ages: amzn.to/34lgnNJ
    Download his free app: principles.app.link/PFS
    Connect with him on Facebook: / raydalio
    Follow him on Twitter: / raydalio
    Follow him on LinkedIn: / raydalio
    Follow him on Instagram: / raydalio
    Follow him on TikTok: / principlesbyraydalio

Комментарии • 145

  • @josephtagliente6894
    @josephtagliente6894 5 месяцев назад +14

    “If you don’t know where you’re going, any road will take you there.” Great phrase from Coach B.

    • @livinginPantopia
      @livinginPantopia 5 месяцев назад +2

      Alice: Would you tell me, please, which way I ought to go from here?
      The Cheshire Cat: That depends a good deal on where you want to get to.
      Alice: I don't much care where.
      The Cheshire Cat: Then it doesn't much matter which way you go.
      Alice: ...So long as I get somewhere.
      The Cheshire Cat: Oh, you're sure to do that, if only you walk long enough.

  • @peterenestrom
    @peterenestrom 6 месяцев назад +11

    Two legends of their respective fields having a casual conversation on their fundamental beliefs and principles…what a time we live in

  • @Jamminn555
    @Jamminn555 6 месяцев назад +4

    Best conversation on team building and leadership I think I've ever seen. Principles, insights, nuggets, and examples from Ray Dalio & Bill Belichick, two of the world's most successful leaders, with great stories of failure and gray areas as well.

  • @backpackly
    @backpackly 6 месяцев назад +12

    This is a gem of a conversation. Thank you Ray for continuing to help our collective evolution!

  • @kurtschultz9807
    @kurtschultz9807 6 месяцев назад +18

    This is really good. Bill is so smart and such a good teacher. His guidance is not just for sports but also the work world. Really enjoyed this.

    • @WarriorsPhoto
      @WarriorsPhoto 6 месяцев назад +1

      Exactly! Bill B is a leader for more than the sports world.

  • @projectgolio
    @projectgolio 6 месяцев назад +13

    Really fantastic discussion. "Do your job and do what is best for the team". I love how both of these guys have such clarity. I imagine that clarity was both hard-won and totally instrumental in their successes.

  • @CristofEnsslin
    @CristofEnsslin 6 месяцев назад +10

    Thank you for recording this video. I read Ray's book a couple of years ago - and it completely changed my life. I finally opened up to learning from others! Thank you, Ray Dalio, for writing this book.

    • @TomWang
      @TomWang 5 месяцев назад +1

      what was your biggest takeaway?

  • @user-fj5ct2ri2j
    @user-fj5ct2ri2j 6 месяцев назад +1

    Thank you two for letting us sit in and be 'in your room' and convo.......

  • @scottpalmer5969
    @scottpalmer5969 6 месяцев назад +1

    Two legends sharing many pearls of wisdom! Awesome.

  • @mikemaresh2417
    @mikemaresh2417 5 месяцев назад +1

    This is like hearing General Eisenhower and Henry Ford talk about leadership and strategy. This is awesome!

  • @maiden_america
    @maiden_america 6 месяцев назад +10

    Great conversation. Create the vision and stick to the path on getting there. Be humble & kind, educate yourself & take the time to appreciate the lessons.

  • @realestatejunkie0414
    @realestatejunkie0414 6 месяцев назад

    The collab I never thought I would ever see on RUclips.
    Before watching it and having studied Bill for a long time, I can tell you what he will say. Important things would be defining the role of every person in the building and not letting them drift outside that role. Do Your Job is defining roles, keeping them accountable, and also not letting middle managers take people out of their defined role.

  • @tel5690
    @tel5690 6 месяцев назад +1

    One of the best conversations ever
    Coach and Ray
    Just talking about the road to success

  • @linkercasas1004
    @linkercasas1004 6 месяцев назад +2

    Two people I highly respect! A great treat to see this! 😎

  • @publicspeaker3086
    @publicspeaker3086 6 месяцев назад +20

    As a pats fan and a Ray Dalio supporter. This came to me as the delight of the week. LETS GOOOOOOOO!

    • @therealjayz8036
      @therealjayz8036 6 месяцев назад +1

      Ray is a legend, Bill is being exposed for the average head coach he really is when he doesn’t have an all time great QB

    • @publicspeaker3086
      @publicspeaker3086 6 месяцев назад

      That's your opinion and I'm giving you a thumps up for it. That said. Humans tend to judge legends based on the resume they've built@@therealjayz8036. Don't get me wrong I think TB12 had his magic on the Pats. But it would be silly to base all the glory on one nigga and all the blame on the rest of his Team.

  • @cyberike
    @cyberike 6 месяцев назад +2

    Ray is having an absolute blast during this interview

  • @WinVault
    @WinVault 6 месяцев назад +1

    Love this def need more conversations like this! 🙏

  • @jamesolsen5818
    @jamesolsen5818 6 месяцев назад

    Loved this conversation. Hope Ray has some more interviews

  • @Legal_Savant
    @Legal_Savant 6 месяцев назад +3

    Bill Belichick: "It's either the pain of preparation or the pain of failure."
    Nick Saban: "You either suffer the pain of discipline or suffer the pain of disappointment."
    Two Legends with the same message, which means you should probably take note.

    • @skyline128
      @skyline128 6 месяцев назад +1

      and two best friends

  • @juanbarberis7192
    @juanbarberis7192 6 месяцев назад

    Thank you! Thank you! Thank you! Blessings!

  • @kassimligopora4457
    @kassimligopora4457 5 месяцев назад

    Thank you for recording this video very meaningful and practical 🙏🏾🙏🏾

  • @patrickmork
    @patrickmork 6 месяцев назад

    great discussion. Ray's book is a MUST read for people serious about leadership, management and building companies. regardless of whether you're in corporate or building a startup

  • @America1st2029
    @America1st2029 2 месяца назад

    Videos like this should have millions of views.

  • @Dillygotitbumpin
    @Dillygotitbumpin 6 месяцев назад +7

    I'm so grateful for Ray spreading his knowledge and lessons like this. Great talk, can't wait to see who else he talks with

  • @danprado3020
    @danprado3020 6 месяцев назад

    This is a great piece. Deep to the core of what's involved with growth.

  • @daveharrington5869
    @daveharrington5869 3 дня назад

    That was a great sharing of wisdom from 2 giants in their field. Thank you

  • @Thisisbamidele
    @Thisisbamidele 6 месяцев назад

    Fantastic conversation, it's really helpful.
    Thank you.

  • @danielgnecco1662
    @danielgnecco1662 6 месяцев назад

    Let's go! Love this new format. Keep it coming.

  • @lupiscask
    @lupiscask 6 месяцев назад +1

    Buenos días RAY. Abrazo fuerte👍🇲🇽🇲🇽

  • @JamrockVybzTV
    @JamrockVybzTV 6 месяцев назад

    Awesome conversation. Thank you both!

  • @yashagar4443
    @yashagar4443 6 месяцев назад

    Thank you for your lessons sir

  • @mouadtalbi94
    @mouadtalbi94 6 месяцев назад

    Thank you, right video at the right time 🫡

  • @darrengagliardi1540
    @darrengagliardi1540 6 месяцев назад +1

    What a remarkable discussion. Also, the most open I’ve ever seen Belichick.

  • @BhanuKorremula
    @BhanuKorremula 3 месяца назад

    When legends talk learn, listen, customize and execute

  • @tenningale
    @tenningale 6 месяцев назад +2

    As someone who watches Dalio and also Belichick's grunting to the media for entertainment, this is a great crossover. 40:04 is perfect

  • @struongcosmetic1032
    @struongcosmetic1032 6 месяцев назад

    Thank you.🎉🎉🎉

  • @gatewaypartners8018
    @gatewaypartners8018 6 месяцев назад

    Brilliant. Stay Generous folks.

  • @rogue_luko
    @rogue_luko 6 месяцев назад

    Great nuggets of wisdom in this video!

  • @jonquindiagan7625
    @jonquindiagan7625 6 месяцев назад

    Thanks for sharing

  • @Ksp0626
    @Ksp0626 6 месяцев назад +1

    Wow this is legendary

  • @RobJones-zx2jp
    @RobJones-zx2jp 6 месяцев назад +2

    There are only 3 ways to treat a person, whether on a team or in an organization. You can pat them on the back - “well done!”. You can kick him in the ass-“What are you doing? You can do better!”And three you can leave them alone. A great leader knows how to treat a person in that moment those three ways or combination therof and it’s an art.

  • @criticalwealththeory
    @criticalwealththeory 6 месяцев назад

    i love all your youtube diagram videos..

  • @rohitdas475
    @rohitdas475 2 месяца назад

    Learnings for lifetime...

  • @user-cv9gy4rd7t
    @user-cv9gy4rd7t 6 месяцев назад

    太专业了!

  • @carolyndean2095
    @carolyndean2095 6 месяцев назад

    Thanks again for your work. As a professional leadership and team coach of 34 years (and an amateur trader!) I’d be really interested to know your thoughts on dealing with people’s relationship to power which I think is associated with the discussion with Bill about dealing with arrogance. Other principles do attend to the propensity towards the arrogance, lack of generosity, lack of listening, utter belief in one’s view to the exclusion of others a person can slip into when they are successful but I was wondering if you have any thoughts on having a healthy relationship to power specifically.

  • @antoan.s
    @antoan.s 6 месяцев назад

    "Do unto others as you would have them do unto you"

  • @justadudeintheworldman.120
    @justadudeintheworldman.120 6 месяцев назад

    Please hook Bill up with your publisher & begin a Principles like book for Bill. Would be a bestseller no doubt

  • @cleopaskavita8960
    @cleopaskavita8960 6 месяцев назад

    Great Insight

  • @fredyfbaby
    @fredyfbaby 6 месяцев назад +1

    The two 🐐🐐

  • @KatherineAnderson-lm8bw
    @KatherineAnderson-lm8bw 5 месяцев назад +27

    Managing money is different from accumulating wealth, and the lack of investment education in schools may explain why people struggle to maintain their financial gains. The examples you provided are relevant, and I personally benefited from the market crisis, as I embrace challenging times while others tend to avoid them. Well, at least my advisor does too, jokingly.

    • @user-cr8nd1sy8e
      @user-cr8nd1sy8e 5 месяцев назад +1

      Investors should exercise caution with their exposure and exercise caution when considering new investments, particularly during periods of inflation. It is advisable to seek guidance from a professional or trusted advisor in order to navigate this recession and achieve potential high yields.

    • @blessingpaul5484
      @blessingpaul5484 5 месяцев назад

      This is superb! Information, as a noob it gets quite difficult to handle all of this and staying informed is a major cause, how do you go about this are you a pro investor?

    • @KatherineAnderson-lm8bw
      @KatherineAnderson-lm8bw 5 месяцев назад

      Through closely monitoring the performance of my portfolio, I have witnessed a remarkable growth of $483k in just the past two quarters. This experience has shed light on why experienced traders are able to generate substantial returns even in lesser-known markets. It is safe to say that this bold decision has been one of the most impactful choices I have made recently.

    • @SophiaBint-wj8wn
      @SophiaBint-wj8wn 5 месяцев назад

      Wow, that’s stirring! Do you mind connecting me to your advisor please. I desperately need one to diversified my portfolio.

    • @alicebenard5713
      @alicebenard5713 5 месяцев назад

      I’ve actually been looking into advisors lately, the news I’ve been seeing in the market hasn’t been so encouraging. who’s the person guiding you?

  • @de1738
    @de1738 6 месяцев назад +1

    Ray, Bill🎉

  • @pathfollowed
    @pathfollowed 6 месяцев назад

    Great conversation! After creating PathFollowed I came across the book Principles, and it was extremely helpful. At PathFollowed I talk about the importance of principles in the leadership domain and specifically how they help you make decisions. Bill stated it best when he said your book put into words some of the same principles I already live by.

  • @Home_Inspector
    @Home_Inspector 6 месяцев назад +1

    This book and Arnold Schwarzenegger's book "Be Useful" are my companions

  • @jeanmarkbadibanga8689
    @jeanmarkbadibanga8689 6 месяцев назад

    Great discussion

  • @FlipzFlip
    @FlipzFlip 6 месяцев назад

    Thank you for posting this.
    Why cut the audio immediately after asking questions? A few answers were skipped and then the video was cut to a new topic. E.g at the end of the video.

  • @justadudeintheworldman.120
    @justadudeintheworldman.120 6 месяцев назад +1

    This was great, currently reading Belichick by Ian O’Connor

  • @user-nm2ew1sq6j
    @user-nm2ew1sq6j 6 месяцев назад

    厉害的家伙

  • @bestofyoutubecomedy5666
    @bestofyoutubecomedy5666 6 месяцев назад

    Awesome

  • @navleekha9168
    @navleekha9168 6 месяцев назад +1

    Make more of content like principles your guided journal. More videos on upcoming world scenarios. As you are the one who’ll provide data along. Navigate 2030

  • @rdmaker3
    @rdmaker3 6 месяцев назад

    Hello, Ray! I am curious about the meaningful relationship you mentioned. Then, what is the meaningful life like?

  • @America1st2029
    @America1st2029 2 месяца назад

    12:49 Identify the right people who will fit in your culture and program because it is very hard to fundamentally change people if they don’t have the qualities that you are looking for. 💯

  • @Man_Man410
    @Man_Man410 Месяц назад +1

    I just learned so much watching this interview.

  • @kargulman
    @kargulman 3 месяца назад

  • @thelastbison2241
    @thelastbison2241 6 месяцев назад

    More interviews please.

  • @PaulTrippy-bj8ho
    @PaulTrippy-bj8ho 4 месяца назад

    Ray Dalio [aries] , Bill Belichick [leo] , super compatitable

  • @erichsen07
    @erichsen07 6 месяцев назад

    one suggestion : improve the audio quality for your next content, maybe put mic nearby the speakers :)

  • @krisw1977
    @krisw1977 6 месяцев назад

    How does one bring the team together especially when on different pay scales or the team members believe they are not paid fairly.

  • @aldoobregon1243
    @aldoobregon1243 6 месяцев назад

    Ray, on your most recent book you mentioned you were working on you next book already “principles for economics and investments”, just wanted to know when can we expect ir to be published? I think many of us are looking forward to it

    • @principlesbyraydalio
      @principlesbyraydalio  6 месяцев назад +2

      It probably won’t be out for another year or so as I’m deeply involved in other research that I will pass along to you.

  • @user-np4bb9ir7i
    @user-np4bb9ir7i 6 месяцев назад

    对谈高手

  • @butterylight
    @butterylight 6 месяцев назад

    Great content, but for two legends, I would expect better audio-video quality. Poor audio levels, jump cuts, and footage look desaturated.

  • @herbertli9603
    @herbertli9603 6 месяцев назад

    Someone please tell me when did they mention Tom Brady in this video

  • @ivandeee
    @ivandeee 6 месяцев назад +1

    Thank you for the interview. Ray, what do you think about luck? There are a lot of hard working, educated people with principles and they just don't make it.

  • @josephtagliente6894
    @josephtagliente6894 5 месяцев назад

    Belichick’s Principles for Success:
    1. Do your job
    2. Work hard
    3. Pay attention to details
    4. Put the team first

  • @WallStreetPirate
    @WallStreetPirate 6 месяцев назад

    Ray, the great narrator, eh (?) 😀

  • @sahilpawaskar5512
    @sahilpawaskar5512 6 месяцев назад

    👍👍👍👍

  • @mtheory1999
    @mtheory1999 6 месяцев назад

    🤯🤯🤯

  • @andrewcreech8158
    @andrewcreech8158 6 месяцев назад +1

    Make this louder please

  • @Okwegeddit
    @Okwegeddit 6 месяцев назад +2

    “Bellichik can’t throw the ball I can’t coach” Tom Brady

  • @user-zl1xr7iq1o
    @user-zl1xr7iq1o 6 месяцев назад

    都市回来了!

  • @sunnykhan5920
    @sunnykhan5920 6 месяцев назад

    Gallup will argue that you don’t “strengthen your weaknesses” but actually “manage your weaknesses”. You should strengthen your strengths :)

  • @Victory1507ci
    @Victory1507ci 2 месяца назад

    BB should be coaching in Dallas or Buffalo. If they go 0-2 or 0-3; watch out!

  • @Barubindc
    @Barubindc 2 месяца назад

    The audio is off

  • @user-jc1mm2ec8u
    @user-jc1mm2ec8u 6 месяцев назад

    姐妹回来了!

  • @justadudeintheworldman.120
    @justadudeintheworldman.120 6 месяцев назад

    Get Nick Saban next

  • @peterthrasher3519
    @peterthrasher3519 6 месяцев назад

    Bill Belichick is 77-79 outside of the Brady years. I’ll just leave this right here.

  • @peterfitzentite6581
    @peterfitzentite6581 6 месяцев назад +2

    You need to have TB12 on your team.

  • @fernandovergara3119
    @fernandovergara3119 6 месяцев назад

    Hombre saber quién más fuerte calpedo espieza

  • @MekonenMeteor123
    @MekonenMeteor123 6 месяцев назад

    I didn’t know Bill Belichick had emotions

  • @peachleafwillow607
    @peachleafwillow607 6 месяцев назад

    Wait hold on here, what's Bill's record again without Brady??

  • @joshuakessler8346
    @joshuakessler8346 6 месяцев назад +4

    The Secret is to have Tom Brady as your QB

  • @mithunmodnol6975
    @mithunmodnol6975 6 месяцев назад +1

    Mithunmobnol

  • @charlestumazos3439
    @charlestumazos3439 2 месяца назад

    The way Ray Dalio vibes with Bill Bellichek, I know I would have vibed with Al Davis. His philosiphies and how he embodied them are very similar to me.

  • @sadatmcarthur7641
    @sadatmcarthur7641 15 дней назад

    Why don't you run for office?

  • @MegaJw99
    @MegaJw99 6 месяцев назад

    disappointingly never asked cheat-codes and swindling techniques The Pats employed

  • @John-sh6sr
    @John-sh6sr 6 месяцев назад

    The correct answer to all this is to have Tom Brady, THE GOAT on your team - Bill acts like he actually did something (but he did not)

    • @julianbrown9338
      @julianbrown9338 6 месяцев назад

      Who drafted Tom Brady ya dingbat? Leadership and greatness isn't just about your own capabilities but being able to recognize them in others.

    • @stephenwilson9480
      @stephenwilson9480 6 месяцев назад

      I've never understood why people keep saying bill would be nothing without Brady. Who built them teams. Plus it was the whole team that won Superbowls not just Tom brady

    • @andreasdwiputra8818
      @andreasdwiputra8818 5 месяцев назад

      Brady always have to carried Belichick inferior team, look at his 11 yrs record wo brady@@stephenwilson9480

  • @c.w.pritchard7685
    @c.w.pritchard7685 6 месяцев назад

    TWINS... separated at birth?

  • @millerrh2
    @millerrh2 6 месяцев назад

    Hey Bill- you should re-read the book, your team is terrible this year

  • @Tex_155
    @Tex_155 6 месяцев назад

    Step 1: have the greatest QB of all time on your team.
    Step 2: Watch greatest QB of all time win superbowls
    Step 3: give interviews as an authority on building great teams.

    • @thefinancevulture3682
      @thefinancevulture3682 6 месяцев назад

      you win as a team and lose as a team.

    • @julianbrown9338
      @julianbrown9338 6 месяцев назад

      Before step 1, have the skillset and knowledge to draft Tom Brady. You cynics are ridiculous.

    • @Tex_155
      @Tex_155 6 месяцев назад

      @@julianbrown9338 ah yes, the foresight to know that you were about to draft the best QB ever and yet to also know you could wait until the 199th pick to do so. Genius!
      Then to follow that up with mediocre (at best) draft classes ever since- 5D Chess of team building.
      Having a losing record before Brady - all those losses led to that genius 199th pick that had nothing to do with luck.
      Having a losing record after Brady? Obviously a genius long term master plan for the best team builder of our life time.

    • @skyline128
      @skyline128 6 месяцев назад

      he seems to be always be around great players. won two superbowls with lawrence taylor, maybe coaching great players makes them even greater huh?

    • @thefinancevulture3682
      @thefinancevulture3682 6 месяцев назад

      when you read manager's books, good managers attract good workers and are good at putting teams together. the one-minute manager, Peter Teils 0-1 Ray Dalio's principles, all talk about this. a good manager will be able to identify and put together a great team. i do think that a team wins because of the team rather than a player. It's why I think ultimately the Warriors beat Labron James more times in the finals. Labron is a alltime MVP. But he lost to a team of really great players who worked well together as a team.

  • @ultimatevictory9900
    @ultimatevictory9900 6 месяцев назад

    Answer: Get the greatest football player of all time.

    • @skyline128
      @skyline128 6 месяцев назад

      which one? he's had two on two different teams

  • @abi2132
    @abi2132 6 месяцев назад

    #sans #women ? #dismiss #year2023