The Knowledge Project with Shane Parrish

#23 Ray Dalio: Life Lessons from a Self-Made Billionaire

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Oct 11, 2017
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ANECDOTE

Punching His Boss

  • Ray Dalio punched his boss in the face on New Year's Eve.
  • The incident stemmed from a playful, challenging relationship, fueled by alcohol.
ADVICE

Transcendental Meditation

  • Dalio recommends transcendental meditation for equanimity and creativity.
  • It connects the subconscious and conscious mind, fostering valuable insights.
ANECDOTE

Near Bankruptcy

  • In 1982, Dalio predicted an economic collapse due to countries defaulting on debt.
  • His prediction was wrong, leading to significant financial and personal losses.
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