We Study Billionaires - The Investor’s Podcast Network

Classic 01: Ray Dalio's Book - Principles

Jan 4, 2022

Ray Dalio, the founder of Bridgewater Associates and author of 'Principles,' shares transformative insights into achieving personal and financial success. He discusses the delicate balance of wanting anything but not everything in life. Listeners learn about his 5-step goal-setting process and the idea that 15 uncorrelated bets can lead to investment success. Dalio emphasizes the importance of radical transparency, learning from mistakes, and fostering strong relationships for personal growth and organizational effectiveness.

50:27

Episode guests

Ray Dalio

Highlights

AI Chapters

Episode notes

How to Make the Organization Run More Effectively

01:56

Learning from Mistakes

02:19

The Holy Grail of Investing: Uncorrelated Positions

02:10

Swim with the current and be radically transparent

01:43

Intro

3min

Lessons from Ray Dalio's Principles

13min

Navigating Financial Tools and Life Goals

6min

Radical Transparency and Personal Growth

14min

Establishing Effective Work Principles for Organizational Success

5min

Embracing Mistakes for Growth

10min

Exploring Personal Principles and Book Recommendations

3min

IN THIS EPISODE, YOU'LL LEARN:

14:14 - Why you can have anything but not everything in life.
28:17 - Ray Dalio’s 5-step process to achieve your goals in life.
33:28 - Why 15 uncorrelated bets is the holy grail of investing.
49:46 - The personal advice Ray Dalio gave to Preston.

*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.

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 book Principles for Dealing with The Changing World Order.
Ray Dalio’s YouTube talk on How the Economic Machine Works.
William Green’s conversation with Ray Dalio - The Changing World Order with Ray Dalio.
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