TIP164: Billionaire Ray Dalio's new book: Principles (Business Podcast)
We Study Billionaires - The Investor’s Podcast Network
Achieving Goals at a Cost
They discuss the realization that achieving goals requires sacrifices and the equation for a successful life: dreams + embracing reality + determination. They also emphasize the importance of setting realistic goals and continuing to strive despite success.
IN THIS EPISODE, YOU’LL LEARN:
- Why you can have anything but not everything in life.
- Why 15 uncorrelated bets is the holy grail of investing.
- Ray Dalio’s 5 step process to achieve your goals in life.
- The personal advice Ray Dalio gave to Preston.
- Ask The Investors: Why is inflation so low when the economy is booming.
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 article about inflation and the current state of the economy.
NEW TO THE SHOW?
- Check out our We Study Billionaires Starter Packs.
- Browse through all our episodes (complete with transcripts) here.
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- Stay up-to-date on financial markets and investing strategies through our daily newsletter, We Study Markets.
- Learn how to better start, manage, and grow your business with the best business podcasts.
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