We Study Billionaires - The Investor’s Podcast Network RWH052: Wise Guys w/ Ray Dalio, Bill Miller, Chris Davis & Michael Berg
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Dec 1, 2024 
In this engaging discussion, industry titans Ray Dalio, founder of Bridgewater Associates, and investing legend Bill Miller join Chris Davis, a Berkshire Hathaway board member, alongside scholar Michael Berg. Dalio emphasizes the power of self-awareness in navigating personal weaknesses, while Miller shares his big Bitcoin insights. Davis reflects on timeless wisdom from Warren Buffett and Charlie Munger. Berg sheds light on fostering a richer relationship with money, encouraging listeners to appreciate their financial journey and embrace personal growth.
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Know Yourself and Find the Right Path
- Know yourself to find suitable paths matching your nature.
- Take personality tests and discover your strengths and weaknesses.
Shapers and Their Need for Detail-Oriented People
- Dalio, a “shaper,” visualizes and builds, needing others for details.
- He leverages meticulous and reliable people to compensate for this weakness.
Learning from Painful Mistakes
- Dalio's 1982 mistake taught him to diversify and balance audacity with humility.
- Reflecting on painful experiences leads to progress and valuable life lessons.
