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#43 Ray Dalio: Principles: Life and Work
Founders
Entrepreneurial Principles - The Difference Between Investor and Investor
Sally Kohn: Ray Dalio talks about the similarities between investing and entrepreneurship. She says to make money in the markets, one needs to be an independent thinker who bets against the consensus. To be a successful entrepreneur, she says, you also have to be able to correctly bet against the consensus - which means being painfully wrong a fair amount.Kohn: I developed a healthy fear of being wrong and figured out an approach to decision making that would maximize my odds of being right.
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