love his comment that was basically, “who cares what you think, it’s about finding what is true” reminds me of another quote: “you cannot fully convince someone that they are wrong, only reality can.” finally, great insights on meditation and the benefits-right, on!
I hope its because with age one realises money isn't everything - also he admits and continues to admit that he was a nasty boss. And through his principles he tries to improve through his feedback loop.
I wish i was there and could ask him direct questions on trading psychology and risk management. These people dont even know what they can ask a legend like Ray Dalio.
@@KidFreshie Bruh Ray laid blueprint of his strategy on how to invest in capital market for public and he even gave shit ton of lecture on this topic for decades. dont be a douche, go do ur due diligence first. He is not like Robert Kiyosaki that just talk non sense in all his videos, always tryna sell his book and not get to the point.
@@particleconfig.8935 God loves you even in your disbelief, Give the Lord a chance, say this prayer > God if you're real, show me something concerning you. In Jesus name Amen. What have you got to lose ? it would only require you minimal time I think Jesus Christ cares about you and KNOWS you already. Take him up on it
Great video. But let me talk about something important, I see a lot of young people and less young people making mistakes that I think they shouldn't be making. I believe that everyone, young or old investing, should have a business plan that will boost their financial return from three figures to six figures. The investment can be your retirement plan or your future plan, whatever you want, but the most important thing is that you have an investment that is worthwhile.
Investing in the forex cryptocurrency market requires a professional to guide you to avoid losses because the signals are not really easy to read that's why you need to invest with an expert to get better profit
Radical transparency and radical truthfulness as a business operating principle sounds great but also feels like the measuring of everything is so systematic and so calculated that it feels like this sentence - “there’s a time and a place for being spontaneous.” It’s so measured it will never lead to Picasso. And in some ways what Ray seems to be saying is contradictory. His biggest abyss, calling for a huge collapse at the exact bottom in 1982, was reached without all these principles, and according to him led to his biggest “a ha moments” out of which he experienced his biggest growth, personally and professionally, which ironically would never have happened had he followed his own post abyss advice. Sometimes you just have to wing it, no? I guess that’s the question I would ask. But good discussion
I can also say that there are times to "wing it". I think that's the loop he shows as well. For me, I try to start out with a singular goal for each of the 4 main aspects of my life: personal development, health, family, and business. Then I do initial research/learning and design an action plan. Then I take action. Usually, those actions end up being not quite on the mark and I run into problems. I then diagnose and design and take action again. I do this until I've mastered whatever it is. This is great, but for me, I am in sales and constantly need to update my techniques and sales pitches. So, a lot of times, I will just throw something out there and see what the reaction is. It almost always encounters problems and then I run through the loop again and again to hone it in. Having the process in place allows me to come up with crazy stuff and not have to worry about it being genius or even good. I can enjoy further creativity because I know that if it sucks, it will run through the process until it's at least good (or I will just cut it altogether). The idea is never immediately judged (as long as it meets certain legal and PR requirements), and will be refined until it works. Some of my best stuff has come because I had the attitude of, "Screw it, let's just see what happens." A lot of that came from having a process of testing, measuring, and then refining everything. That same post abyss growth came from having a process of reflection, diagnosis, and then design. For me, it just gives me confidence to take risks because I know my process will auto-correct if I completely screw it up (which I do a lot).
His system of reality kinda leaves little room for self accountability, the common struggle that exercises our muscle of faith and intellect, trial and error. Any genius who thinks they can improve on the creators plan is self inflated; worshipped by others will do it. His calm precise lack of humility is telling. How can you take credit for finding yourself in a country at a time of wealth building, few hindrances for a white man and what about all the supporting people in his wake? Typical Globalist with a harboring demon spiritual intity!
bringing to mind, that we should work together, for the betterment of man kind . of how to work together and how to be better at working together. Most important to realize ourselves the good and the bad. Not to judge that one, or this one ,or ourselves, but to learn how to be one with each other , and become a whole mind , or a majestic mind ,even a God like Mind to solve any problem
“There are three types of people in this world. Firstly, there are people who make things happen. Then there are people who watch things happen. Lastly, there are people who ask, what happened? Which do you want to be?” ― Steve Backley
Thank you ; Ray Dalio on this lecture / talk. The power of knowing oneself, weaknesses and strengths defines what we become. From making choices and values, to facing responsibilities and obligations as well as how we approach problems is so helpful.
Ray is great. His mission now is to pass it so it will continue, but sad to say that's the biggest challenge, Bridge water will blows up after Ray leave. Ray knows this that's why his trying all things, even doing things that he don't like (being in public & social media) Hope you can find the right person, people & upgraded model that will bring it to the future before you leave Ray! Good luck to your mission Ray!
This is the best interview about Ray Dalio that I have watched on RUclips. The interviewer is brainy. He really listened and asked some good questions. I am gonna take some principles that I learnt from Ray Dalio into practice.
Khurram Tahir Good point, you can only comment based on the original ℹ️ given, and can’t be held accountable for something that has been left out, LOL!
Thanks to the greatest Ray Dalio because his clear mind to teach to set the key questions, the relevant questions, the crucial questions to. That´s the first task, to make the clue question, and then to start to solve it with the expert in that field of knowledge. In other words, I expect to learn to much from the basic principles of this great man (Ray Dalio). Enen more, I will read his paper over populism because my country (Mexico) in in political election for the Presidency, and this issue is crucial to understand how to convince or to gain this battle. Certainly, not as a battle, but to solve in pace the next period of development....
Something for the future governing of society: everybody should be encouraged to have their opinion but the algorithms based on one's ability to make the right decision will determine how much each and everyone`s vote will weigh.
Many small businesses fail because they simply won't do this. Ideas are threats or things to be stolen. It's a toxic situation which allows the wrong people to get ahead. And that mistake surely reveals itself down the line when the business stagnates, barely grows, or slips under.
Objectivity is so valuable to me I'm constantly stripping away at all my different approaches ,it almost feels infinite correlation when you really break it down . So hows do you know what is neglegable especially when soo much data is involved .
US -China debate instead of war makes so much more sense. Certain ground rules should include not allowing name calling and slandering such as “communist” “racist” etc.
THANK YOU FOR ALL YOUR DEVISES AND TIPS I READ YOUR BOOK AND ITS INSPIRED ME TO REVIEW MY PROCESS OF TAKING DECISIONS I AM SURE THAT NOW IT WILL IMPROVE MY GOALS ACHIEVEMENTS, YOUR BOOK ALSO INSPIRED ME TO CREAT MY OWN RUclips CHANNEL AND YOU DID YOU READ THE BOOK? SAM FROM FRANCE
24:30 There's a mistake here. Having someone speak your weaknesses out loud is not merely an act of information sharing, it's also a performative setting that actively _manufactures_ social opinion and obligation as a byproduct. What's actually been said out loud collapses the social wave function, just like taking a measurement in a physics lab. It's useful to be able to reach inside another person's head to find out what they think (about you or anything else) without them being much aware you're doing it. It's so useful, in fact, that nature bequeathed upon us the psychopathic fringe, who excel at exactly this. This is why people rarely share their opinions in a setting without implicit obligations attached: there's a _big_ difference between having your opinions divined without you actually saying them out loud, and being seen to say them with your own lips.
7:55 In order to be successful in the markets, one has to be an independent thinker. In order to be an entrepreneur, one has to be an independent thinker, and bet against the consensus and be right. The consensus in the markets is built into the price. For an entrepreneur, you're inventing new stuff, your doing new things and you don't know if you'll be right.
I am retired now, but my last employment was for a well known Postal Organisation. The promotion system was, and still is to my knowledge, based upon seniority, and coiny'ism, . For example. I worked in the sorting office on a machine and wanted to apply for a senior office position, but I had to apply through my line manager. Her reply was " you have no chance so don't bother". Her reasoning was " they are all dressers up there"! My University education counted for nothing. My Manager had no educational qualifications whatsoever. She was promoted by cronyism. I did not bother to do anything other than my job and go home. Nut there is a simple fact: There is no meritocracy with inherited wealth and power!
I love this videos but I have to say whenever I see an intellectual talk about “meditation” or “spirituality” they can only see through knowledge. The truth is what we call meditation is just a form of relaxation like getting a massage. Real meditation takes a tremendous energy, upon understanding truth not in the form of words gives you enormous energy to continue ones inner work. Meditation through mantra is just another way to dull ones mind. Now you need a mantra to meditate meaning it is more of a distraction from your mind and that creates a conflict within oneself. I see so many intelligent and knowledgeable people get trapped in this. In fact I’ve only known one other person to actually go through the inner work and transform, not change little by little, which is no change at all.
Mr Dalio comes across as a very genuine person with integrity, but, as with most billionnaires, I wonder how many people (aware or unaware of) did he have to crucify to reach the level of success he has? Often these billionaires grow a level of conscience later on in life and believe that sharing their knowledge and wealth through philanthropy makes up for the misery they caused through stock market crashes to the common person.
Some people are great at estimating probabilities. Unfortunately those who are poorer guessers attribute this ability to failed methods or even superstition. Then we face witch trials, persecution, etc. Study the where, when, why and how with an open mind to improving the outcome. Then implement the solution, step by step, test the result, be flexible when new problems arise, and cause the least disruption while you implement the "solution."
Dalio's key points are very relevant, but you have to realize that it's coming from a billionaire, someone who never really have to face the harsh realities of life. He explains his low point in life as when his business had to be reshaped or when he needed money from his dad. If that's failure to you, you haven't seen real failure my friend. But worth a read for sure.
_The Fund: Ray Dalio, Bridgewater Associates, and the Unraveling of a Wall Street Legend_ - forthcoming 7 November 2023, by Rob Copeland When radical transparency comes for you. _Award-winning New York Times journalist Rob Copeland punctures this carefully-constructed narrative of the benevolent business titan, exposing his much-promoted “principles” as one of the great feats of hubris in modern memory―in practice, they encouraged a toxic culture of paranoia and backstabbing._ Definitely a 1/10 blot to enter into the Dot Tool and a potent learning opportunity.
this is so fascinating and inspiring-radical transparency-but how does this work environment survive in a society where younger generation wants safety spaces, and does not value free speech, and the litigation driven political correctness in the work space? do they sign strict waivers when hired? do they screen out the close minded on hiring? how does this organization exist today?
So much respect for this man. Most highly intelligent people are not nearly as sociable or want advice as Ray does
Some ppl in the crowd look like they are dying of boredom.. this is great stuff
you oughta read his book principles for the changing new world order
Best thing about Google talk is that it let's guest speak their mind
LOL, Google doesn't let anyone speak their mind.
love his comment that was basically, “who cares what you think, it’s about finding what is true”
reminds me of another quote: “you cannot fully convince someone that they are wrong, only reality can.”
finally, great insights on meditation and the benefits-right, on!
I like Dalio. He still seems humble in spite of his great success.
I hope its because with age one realises money isn't everything - also he admits and continues to admit that he was a nasty boss. And through his principles he tries to improve through his feedback loop.
Х
I wish that I hear Ray speech when I got out of high school. That would make my life far more productive!!!
Innovative solutions to corporate problems can be carried over to the political process. This guy should run for President.
He won't. There are some things an honest man just won't do...🤔😳
Exercise and meditation are absolutely STUNNING
I wish i was there and could ask him direct questions on trading psychology and risk management. These people dont even know what they can ask a legend like Ray Dalio.
Literally no one has gotten any semblance of a direct answer from Ray about investing. Few even try anymore. Lots of babble unfortunately.
@@KidFreshie Bruh Ray laid blueprint of his strategy on how to invest in capital market for public and he even gave shit ton of lecture on this topic for decades. dont be a douche, go do ur due diligence first. He is not like Robert Kiyosaki that just talk non sense in all his videos, always tryna sell his book and not get to the point.
48 dislikes? you get free Ray Dalio 40 years wisdom!!
he doesn't believe in god. The book principles is all about finding a purpose in life, without god. sad for him.
@@ch3wbacca82 Dalio may not believe in God but he does apply wisdom and knowledge derived from insight and nature which is what Proverbs teaches.
Well Dario does have business competitors who hates him.
@@ch3wbacca82 No reason to believe in a (hypothetical) god. What's wrong with you people.
@@particleconfig.8935 God loves you even in your disbelief, Give the Lord a chance, say this prayer > God if you're real, show me something concerning you. In Jesus name Amen. What have you got to lose ? it would only require you minimal time I think Jesus Christ cares about you and KNOWS you already. Take him up on it
Great video. But let me talk about something important, I see a lot of young people and less young people making mistakes that I think they shouldn't be making. I believe that everyone, young or old investing, should have a business plan that will boost their financial return from three figures to six figures. The investment can be your retirement plan or your future plan, whatever you want, but the most important thing is that you have an investment that is worthwhile.
Investing in the forex cryptocurrency market requires a professional to guide you to avoid losses because the signals are not really easy to read that's why you need to invest with an expert to get better profit
Mr. Larry Kent Burton is the best expert I can recommend, I have made good profits investing with him and counting
You can reach out to him on Instagram
@ Larry Kent Nick Trading
When you stop investing while you are still active at work, you will end up regretting it in the future
Dalio is a genius and a common sense guy at the same time
His approach is so common sense, so grounded in reality that its ironically considered genius! This is such a great book.
Radical transparency and radical truthfulness as a business operating principle sounds great but also feels like the measuring of everything is so systematic and so calculated that it feels like this sentence - “there’s a time and a place for being spontaneous.” It’s so measured it will never lead to Picasso. And in some ways what Ray seems to be saying is contradictory. His biggest abyss, calling for a huge collapse at the exact bottom in 1982, was reached without all these principles, and according to him led to his biggest “a ha moments” out of which he experienced his biggest growth, personally and professionally, which ironically would never have happened had he followed his own post abyss advice. Sometimes you just have to wing it, no? I guess that’s the question I would ask. But good discussion
I can also say that there are times to "wing it". I think that's the loop he shows as well. For me, I try to start out with a singular goal for each of the 4 main aspects of my life: personal development, health, family, and business. Then I do initial research/learning and design an action plan. Then I take action. Usually, those actions end up being not quite on the mark and I run into problems. I then diagnose and design and take action again. I do this until I've mastered whatever it is. This is great, but for me, I am in sales and constantly need to update my techniques and sales pitches. So, a lot of times, I will just throw something out there and see what the reaction is. It almost always encounters problems and then I run through the loop again and again to hone it in. Having the process in place allows me to come up with crazy stuff and not have to worry about it being genius or even good. I can enjoy further creativity because I know that if it sucks, it will run through the process until it's at least good (or I will just cut it altogether). The idea is never immediately judged (as long as it meets certain legal and PR requirements), and will be refined until it works. Some of my best stuff has come because I had the attitude of, "Screw it, let's just see what happens." A lot of that came from having a process of testing, measuring, and then refining everything. That same post abyss growth came from having a process of reflection, diagnosis, and then design. For me, it just gives me confidence to take risks because I know my process will auto-correct if I completely screw it up (which I do a lot).
Trevis Kelley hx
His system of reality kinda leaves little room for self accountability, the common struggle that exercises our muscle of faith and intellect, trial and error. Any genius who thinks they can improve on the creators plan is self inflated; worshipped by others will do it. His calm precise lack of humility is telling. How can you take credit for finding yourself in a country at a time of wealth building, few hindrances for a white man and what about all the supporting people in his wake? Typical Globalist with a harboring demon spiritual intity!
Just spent the day Audibling your "Principles" book Ray. Brilliant simplicity
He gave over an hour of his time to give some valuable advice for free...now thats GOLD!!
#MentorMeRay
now that is God
bringing to mind, that we should work together, for the betterment of man kind . of how to work together and how to be better at working together. Most important to realize ourselves the good and the bad. Not to judge that one, or this one ,or ourselves, but to learn how to be one with each other , and become a whole mind , or a majestic mind ,even a God like Mind to solve any problem
Why is it gold? Because he is the richest of all who have given talks at Google?
Life is role play. You are successful because you played each role with heart. RESTECP!
booyakasha
He has such a soothing voice
Literally what I was thinking. Got the perfect voice for the radio
“There are three types of people in this world. Firstly, there are people who make things happen. Then there are people who watch things happen. Lastly, there are people who ask, what happened? Which do you want to be?”
― Steve Backley
Thank you ; Ray Dalio on this lecture / talk. The power of knowing oneself, weaknesses and strengths defines what we become. From making choices and values, to facing responsibilities and obligations as well as how we approach problems is so helpful.
He should share a video of one of their company's meetings so we can see how it's done.
He has a weekly webinar weekly on LinkedIn
I have read Ray's book - Principles. He is humble gentleman. Sharing is caring.
Ray is great.
His mission now is to pass it so it will continue, but sad to say that's the biggest challenge,
Bridge water will blows up after Ray leave. Ray knows this that's why his trying all things, even doing things that he don't like (being in public & social media)
Hope you can find the right person, people & upgraded model that will bring it to the future before you leave Ray!
Good luck to your mission Ray!
I am really grateful that google guys put it in podcast format because I have hard time to look at the message not the messenger. Thank you.
Ray dalio really inspires me no lie
Me no lie neither Ray Dalio inspire really
Best Marriage Advice I ever heard l!
This is the best interview about Ray Dalio that I have watched on RUclips. The interviewer is brainy. He really listened and asked some good questions. I am gonna take some principles that I learnt from Ray Dalio into practice.
Hey if you liked that then I recommend checking out his interview with Lex Friedman, the second part especially
I gave this video a like because the book "Principles" is a great book!
In my opinion, giving a video a like because you enjoyed the book is not a good principle. A like should be earned based on the merits of the video.
Khurram Tahir well I watched the video too.
Khurram Tahir
Good point, you can only comment based on the original ℹ️ given, and can’t be held accountable for something that has been left out, LOL!
Just wonderful - soooo rich in wisdom and practice, Thank YOU!
Great contribution by Ray to all of humanity. Personally I greatly benefited by your philosophy. Thanks forever
love this man! SO powerful!
This man is incredible
Thanks to the greatest Ray Dalio because his clear mind to teach to set the key questions, the relevant questions, the crucial questions to. That´s the first task, to make the clue question, and then to start to solve it with the expert in that field of knowledge. In other words, I expect to learn to much from the basic principles of this great man (Ray Dalio). Enen more, I will read his paper over populism because my country (Mexico) in in political election for the Presidency, and this issue is crucial to understand how to convince or to gain this battle. Certainly, not as a battle, but to solve in pace the next period of development....
I love this book of Ray Dalio, very inspiring and I've learned a lot from his work principles.
There is much to learn here but something more special.
Wonderful interview! Wish the interviewer, whose questions are suburb, wouldn't whisper. Dahlio is amazing.
Something for the future governing of society: everybody should be encouraged to have their opinion but the algorithms based on one's ability to make the right decision will determine how much each and everyone`s vote will weigh.
Imagine finding out your vote is worth 3/5ths of a vote over another
it BLOWS MY MIND more people haven't watched this
I don't think I would ever let my boss know how I feel out of fear of being fired
I see Dalio as a real life Gandalf
DAY PRODUCTIONS now you mentioned it, he kind of is
I g
@@bryanloke4448 ?
Laughing out loud!
I love Ray Dalio he's my man
58:39 , thank you for the great interview!
Many small businesses fail because they simply won't do this. Ideas are threats or things to be stolen. It's a toxic situation which allows the wrong people to get ahead. And that mistake surely reveals itself down the line when the business stagnates, barely grows, or slips under.
That algorithm thingy would be GREAT ... as long as you don't consider human nature and human incentives!
So much practical wisdom being given, Watch & take action!
Thanks for sharing these Talks. Some are really valuable and this one definetly is!
"And there's a time for everything, and everything in its time." - Scott Ciencin
That is a very effective and efficient approach to best possible decision making
It's amazing to listen to this lecture, which I learned from, and then to contrast it with the Google reviews, in particular Anna Carolina's review.
Thanks Ray.
Thanks for having him to the real world.
Ray Dalio teaching Google about collecting data from people is like teaching Michael Phelps to swim
I want to see Warren Buffett, on talks at google.
more likely Apple, he doesn't invest in Google.
Fabulous words of Wisdom.👍👍👍👍
Ray Dalio: "You must know that it's so easy to collect data on everyone"
Googlers: *nervous laughter*
xDDD
ROTFL.
40 min. THE BEST PART.
Amazing one ❤ Thanks Genius
I wish Ray's thoughts were more well formed around what he's trying to convey. I suppose I should just read his book.
Good idea 🙄
Great Ray!!
Great Talk!
art of thoughtful disagreement! stress test those opinions in your head! yes.
Objectivity is so valuable to me I'm constantly stripping away at all my different approaches ,it almost feels infinite correlation when you really break it down . So hows do you know what is neglegable especially when soo much data is involved .
Frankly engaging discussion
1:31:17 Financial Investing Question. Good one & good answer!
I'm shocked a Google employee would ask such a basic question
US -China debate instead of war makes so much more sense. Certain ground rules should include not allowing name calling and slandering such as “communist” “racist” etc.
a very great book
THANK YOU FOR ALL YOUR DEVISES AND TIPS I READ YOUR BOOK AND ITS INSPIRED ME TO REVIEW MY PROCESS OF TAKING DECISIONS I AM SURE THAT NOW IT WILL IMPROVE MY GOALS ACHIEVEMENTS, YOUR BOOK ALSO INSPIRED ME TO CREAT MY OWN RUclips CHANNEL
AND YOU DID YOU READ THE BOOK?
SAM FROM FRANCE
24:30 There's a mistake here. Having someone speak your weaknesses out loud is not merely an act of information sharing, it's also a performative setting that actively _manufactures_ social opinion and obligation as a byproduct. What's actually been said out loud collapses the social wave function, just like taking a measurement in a physics lab.
It's useful to be able to reach inside another person's head to find out what they think (about you or anything else) without them being much aware you're doing it. It's so useful, in fact, that nature bequeathed upon us the psychopathic fringe, who excel at exactly this. This is why people rarely share their opinions in a setting without implicit obligations attached: there's a _big_ difference between having your opinions divined without you actually saying them out loud, and being seen to say them with your own lips.
How is compensation impacted with "radical truthfulness and radial transparency" environment especially in the subordinate to manager relationship?
7:55 In order to be successful in the markets, one has to be an independent thinker. In order to be an entrepreneur, one has to be an independent thinker, and bet against the consensus and be right. The consensus in the markets is built into the price. For an entrepreneur, you're inventing new stuff, your doing new things and you don't know if you'll be right.
great Ray
I am retired now, but my last employment was for a well known Postal Organisation.
The promotion system was, and still is to my knowledge, based upon seniority, and coiny'ism, . For example.
I worked in the sorting office on a machine and wanted to apply for a senior office position, but I had to apply through my line manager.
Her reply was " you have no chance so don't bother". Her reasoning was " they are all dressers up there"! My University education counted for nothing. My Manager had no educational qualifications whatsoever. She was promoted by cronyism.
I did not bother to do anything other than my job and go home.
Nut there is a simple fact:
There is no meritocracy with inherited wealth and power!
1:33 is exactly right, just as everything he talks about!
Great man...!!!
I love this videos but I have to say whenever I see an intellectual talk about “meditation” or “spirituality” they can only see through knowledge.
The truth is what we call meditation is just a form of relaxation like getting a massage.
Real meditation takes a tremendous energy, upon understanding truth not in the form of words gives you enormous energy to continue ones inner work.
Meditation through mantra is just another way to dull ones mind. Now you need a mantra to meditate meaning it is more of a distraction from your mind and that creates a conflict within oneself.
I see so many intelligent and knowledgeable people get trapped in this. In fact I’ve only known one other person to actually go through the inner work and transform, not change little by little, which is no change at all.
how was he so spot on about the recession?
It is not what you think
It is what you do
Did I just watch a video within a video within a video
Mr Dalio comes across as a very genuine person with integrity, but, as with most billionnaires, I wonder how many people (aware or unaware of) did he have to crucify to reach the level of success he has? Often these billionaires grow a level of conscience later on in life and believe that sharing their knowledge and wealth through philanthropy makes up for the misery they caused through stock market crashes to the common person.
I respect the truth
Some people are great at estimating probabilities. Unfortunately those who are poorer guessers attribute this ability to failed methods or even superstition. Then we face witch trials, persecution, etc. Study the where, when, why and how with an open mind to improving the outcome. Then implement the solution, step by step, test the result, be flexible when new problems arise, and cause the least disruption while you implement the "solution."
It would be great to get a transcript of the lecture. Thanks a lot, in advance!
We saw the Oracle video identify with "I have a shopping spree problem."
The Ray Dalio drinking game: drink every time Dalio says 'idea meritocracy'.
You'd be dead
It's amazing to listen to this lecture, which I learned from, and then to contrast it with the Google reviews, in particular Anna Carolina's review.
@26:00 how to handle when we face a situation that we disagree?
Where can I download the open source program that Ray talk about?
How long did it take the employees to adjust to the cameras in the bathrooms?
superb video although not a financial person i whatever he talks is so clear
Dalio's key points are very relevant, but you have to realize that it's coming from a billionaire, someone who never really have to face the harsh realities of life. He explains his low point in life as when his business had to be reshaped or when he needed money from his dad. If that's failure to you, you haven't seen real failure my friend. But worth a read for sure.
He was dead broke at 32 and wiped out his business. That's a pretty good example of failure.
Don't disqualify the guy because he's billionaire.
If it wasn't for work, id have a perfect life
Has it been open sourced?
Another advantage of keeping cash is that you can benefit from low equity prices after a swift correction.
Interviewer is a brainy guy.
fucking grow up
I like your thinking
I feel a lot of this stems from paul Volcker
shiniest head in the universe
_The Fund: Ray Dalio, Bridgewater Associates, and the Unraveling of a Wall Street Legend_ - forthcoming 7 November 2023, by Rob Copeland
When radical transparency comes for you.
_Award-winning New York Times journalist Rob Copeland punctures this carefully-constructed narrative of the benevolent business titan, exposing his much-promoted “principles” as one of the great feats of hubris in modern memory―in practice, they encouraged a toxic culture of paranoia and backstabbing._
Definitely a 1/10 blot to enter into the Dot Tool and a potent learning opportunity.
His views on trading, economy and stock market seemed more solid and interesting to me than the main subject.
I see some Thinking Fast & Slow from Dani Kahneman in his ideas
this is so fascinating and inspiring-radical transparency-but how does this work environment survive in a society where younger generation wants safety spaces, and does not value free speech, and the litigation driven political correctness in the work space? do they sign strict waivers when hired? do they screen out the close minded on hiring? how does this organization exist today?
they just fire people
1. put down the reasons for your decision before making it
Your results are only as good as you
Regarding working in an environmemt without idea meritocracy 1:10:45 😂
Wow....
That's a large TV
ZMM on the ASX. 99% down. Smart money investing?