Classic 01: Ray Dalio's Book - Principles
We Study Billionaires - The Investor’s Podcast Network
Embracing Mistakes for Growth
This chapter explores the critical role of accepting mistakes within an organization as a catalyst for learning and improvement. It highlights the importance of hiring individuals with strong character and creativity, and emphasizes the value of building meaningful relationships to foster personal and professional growth.
IN THIS EPISODE, YOU'LL LEARN:
- 14:14 - Why you can have anything but not everything in life.
- 28:17 - Ray Dalio’s 5-step process to achieve your goals in life.
- 33:28 - Why 15 uncorrelated bets is the holy grail of investing.
- 49:46 - The personal advice Ray Dalio gave to Preston.
*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.
BOOKS AND RESOURCES
- Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, and the other community members.
- Ray Dalio’s book, Principles – Read reviews of this book.
- Ray Dalio’s book Principles for Dealing with The Changing World Order.
- Ray Dalio’s YouTube talk on How the Economic Machine Works.
- William Green’s conversation with Ray Dalio - The Changing World Order with Ray Dalio.
- New to the show? Check out our We Study Billionaires Starter Packs.
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