In general, I’m so impressed the author took the time and effort to teach the world everything he has learned. Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world. Tony recently sat down with Ray to discuss just why Ray felt so inclined to share his wisdom with the world and why Principles is an absolute must-read for everyone – whether you’re in the financial industry or not. Ray Dalio, founder of Bridgewater Associates [00:00:41] Well, there are lots of ways [Kinsey laughs] to describe a person, but I am an, in Myers-Briggs term, and ENTP creator. 54:53 – Taking ownership of things, even when they’re not your fault. "How the Economic Machine Works" is available as a 30-minute animated video on YouTube and EconomicPrinciples.org, Larry Summers and Ray Dalio on Dalio's Unique Perspective of "How the Economic Machine Works". [09:45] Why his new book is a recipe book

If that’s not your problem, then Mr. Dalio’s advice in the second part of the book is significantly profound. But now – as Ray nears retirement, he has made the decision to share even more of the systems and strategies that have brought him such massive success in his deeply personal book, This website uses cookies to personalize your experience and target advertising.. By continuing to use our website, you accept the terms of our. A bit on avoiding the first solution that you find which confirms your already held beliefs, as well. Ray Dalio meditation practice Ray has been meditating for over 40 years. [44:05] We are late in the long-term debt cycle [45:30] This year is very similar to 1937 Building machines for tasks that will most likely have to be repeated in the future. [1:04:00] The market is a zero sum game [28:00] What people are missing about Ray’s culture You can also listen on Google Play Music, SoundCloud, YouTube, or in any other podcasting app by searching “Made You Think.”.

, he had the unique privilege of sitting down with some of the most successful, masterful investors and financial gurus of all time – including the legendary Ray Dalio. Also, the third principle, to be radically open-minded and the two impediments to this. We covered a wide range of topics, including: And much more. [25:30] The review that changed Ray’s outlook on leadership 19:57 – Giving more attention to the history of what’s been happening instead of only what you notice in the current time period. I’ve started to list my own principles, but it’s hard identifying unique ideas beyond those found in the book (because it’s so thorough). “The biggest threat to good decision making is harmful emotions and if you can systematize as much as possible, then emotions won’t get in the way.”. What about YOUR economy – your personal investments, your nest egg? Try these: time managementrelationship advicehealthy lifestylemoneywealthsuccessleadershippsychology. [47:00] The economy for the bottom 60% isn’t growing Pre Order on . Billionaire Ray Dalio is one of the biggest names in finance. Secure, or are you half-panicked? If you’re looking for surprises and adventurous stories with your learning, you won’t get that in the last two parts of the book. We’ve been fans of Dalio’s work since it was just a PDF floating around the Internet, and this massive tome delivers so many useful guidelines for how to live and work. He and Tony even meditated together before they recorded this podcast. [24:15] Ray’s new instinctual approach to failure Find the best financial advisor – Financial guru Ajay Gupta lays out the questions you should ask before hiring a financial advisor. And in this episode of the podcast, you will hear from Tony and Ray as they discuss the evolution of Ray’s career, the catastrophic mistakes he made that almost destroyed everything he built and how the lowest points in his life taught him his biggest lessons. Dalio himself 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.

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