The Tim Ferriss Show

#264: Ray Dalio, The Steve Jobs of Investing

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Sep 13, 2017
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ANECDOTE

Early Investing

  • At 12, Ray Dalio bought a stock for under $5/share, thinking more shares meant more profit.
  • The company nearly went bankrupt but was acquired, tripling his money and sparking his market interest.
ANECDOTE

1982 Setback

  • In 1982, Ray Dalio predicted a depression after Mexico defaulted on its debt, leading him to make significant market positions.
  • The market rose instead, causing substantial losses and forcing him to borrow money from his father.
INSIGHT

Learning from Mistakes

  • Ray Dalio emphasizes learning from mistakes, viewing them as puzzles that yield valuable principles.
  • He advocates for reflecting on past errors to improve future decision-making.
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