Classic 01: Ray Dalio's Book - Principles

The Investor's Podcast (We Study Billionaires) - The Investor’s Podcast Network

Stig Brodersen

Education, Business, Investing

4.6 • 3.6K Ratings

🗓️ 4 January 2022

⏱️ 54 minutes

🔗️ Recording | iTunes | RSS

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Summary

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. New to the show? Check out our We Study Billionaires Starter Packs. 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Transcript

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0:00.0	Today and the following three Mondays, we're republishing four of our favorite episodes
0:05.1	of restart billionaires.
0:06.7	We cornered the episodes classic and it's an addition and not to replace any of our
0:11.8	recurring episodes.
0:13.7	Preston and I and now more recently, Trey have been hosting our show since 2014 and we
0:18.8	continuously getting new listeners and we know that may not have you haven't listened
0:22.4	to some of our classic content and of course even if you are familiar with this episode
0:26.6	it might still be worth for you to re-listen.
0:29.2	All this week's episode we decided to play episode 164 that originally aired back in
0:34.2	November 2017.
0:36.0	Preston and I are discussing Redalue's book Principles.
0:39.2	This is one of the books and people that influence TIP the most.
0:43.3	Preston even kicks this off by saying it's one of the top five books of all time for him.
0:48.6	We build lots of part of our original framework around how Redalue sees the world and inside
0:54.0	the TIP organization we all read the book together.
0:57.4	We really feel it's the perfect foundation for helping the TIP community in business
1:01.7	and in life.
1:03.0	So whenever you're done listening to this episode make sure to tune in to episode 410 that
1:07.6	just came out where William Green is interviewing Redalue himself.
1:11.8	Without further delay here is today's classic episode.
1:15.7	You're listening to TIP.
1:17.8	Hey hey, so how's everyone doing out there?
	...

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