Ray Dalio, founder of Bridgewater Associates and author of 'Principles', shares his insights on decision-making and relationships. He emphasizes the transformative power of journaling and clarity in communication. The discussion highlights the significance of mentorship and open-minded disagreement for personal growth. Dalio also stresses the importance of diverse perspectives to break free from echo chambers, fostering better societal norms. Ultimately, he advocates for empathy, defining purpose, and creating meaningful relationships for long-term success.
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Initial Meeting
Jay Shetty was initially nervous to meet Ray Dalio due to his reputation.
However, Dalio's charming demeanor immediately put him at ease.
insights INSIGHT
Clarity of Thought
Ray Dalio refined his clarity of thought through journaling and reflection, especially after painful experiences.
His poor rote memory necessitates contextual understanding.
volunteer_activism ADVICE
Dealing with Pain
Use meditation and reflection to process pain and understand reality.
Pain offers insights into reality and how to navigate it.
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The Republic
Plato
Principles
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In 'Principles: Life and Work', Ray Dalio shares the principles he has developed over his career that have helped him achieve success. The book is divided into three sections: the first section explains how Dalio's principles were formed from his personal and professional experiences; the second section outlines life principles, such as embracing reality, being radically open-minded, and understanding the importance of pain and reflection in personal growth; and the third section focuses on work principles, including the use of radical truth and radical transparency to transform an organization. Dalio advocates for systematizing decision-making into algorithms, learning from failures, and building a culture where it is okay to make mistakes but unacceptable not to learn from them.
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Changing World Order
Ray Dalio
Em "Changing World Order", Ray Dalio analisa a história econômica e política global, buscando identificar padrões e ciclos que moldam a ordem mundial. Ele argumenta que a compreensão desses padrões é crucial para navegar os desafios e oportunidades do cenário internacional. Dalio apresenta uma perspectiva ampla e interdisciplinar, combinando economia, história e política para explicar as mudanças na ordem mundial. A obra é uma síntese de suas experiências e reflexões sobre a economia global, oferecendo uma visão única sobre os desafios e oportunidades do século XXI. A obra de Dalio gerou debates e controvérsias, mas continua sendo uma leitura fundamental para entender as complexidades do desenvolvimento humano.
Today, I am talking to a returning guest and good friend, Ray Dalio. Ray is the founder and co-chairman of Bridgewater Associates, which, over the last forty years, has become the largest and best performing hedge fund in the world. He is the author of #1 New York Times Bestseller and #1 Amazon Business Book of the Year, Principles. Dalio has appeared on the Time 100 list of the most influential people in the world as well as the Bloomberg Markets list of the 50 most influential people. He lives with his family in Connecticut.
Ray genuinely shares the deepness of thoughts and what is his views on passing on your principles to others and picking up theirs and learn from it, the unappreciated value of journaling, knowing the right approach to having better relationships through thoughtful disagreements, the lessons we can learn from history, and the three things that mainly influence us and our society. We also exchange thoughts on asking approval and validation from others, how we react to others out of our emotional state, and how we can be of service to the world.
This episode was filmed at Soho Works: 10 Jay Street.
What We Discuss:
00:00:00 Intro
00:03:00 The first time you fear meeting someone
00:04:17 How did you develop clarity?
00:08:13 The smartness of your move determines the outcome
00:10:55 When did you start journaling?
00:18:19 The arc of life
00:21:08 The three people you must have in your life
00:25:12 The biggest problem of our society
00:29:50 How to win the debate of life
00:32:20 Looking at the sequence of discovering the truth
00:38:03 Three big things that influence us
00:47:00 The typical cycle for a new system
00:49:16 It’s more human nature than the system
00:57:26 Producing a reaction that becomes instinctual
01:03:36 Four important decisions we make in life
01:10:25 How do you approach money?
01:14:27 Don’t worry so much about the approval of others
01:20:27 Three practices of successful relationships
On Purpose with Jay Shetty 
