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On Purpose with Jay Shetty

Ray Dalio: ON How to Define Success for Yourself and Set Your Goals

On Purpose with Jay Shetty

iHeartPodcasts

Health & Fitness, Business, Mental Health

4.828.5K Ratings

🗓️ 10 June 2019

⏱️ 49 minutes

🧾️ Download transcript

Summary

On this episode of On Purpose, I sat down with billionaire investor, Ray Dalio.We talk about why pain is necessary in order to make progress and why we shouldn’t focus on being right all the time. Dalio also reveals what he believes is the greatest tragedy of mankind and gives us 5 steps to achieving success.If you’ve ever wanted insight into how billionaires think, this episode is for you!

Transcript

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0:00.0

You have to diagnose those to the root cause. What is producing your problems?

0:04.5

And that may be that you or it may be those around you who are not good at things or whatever,

0:11.9

or you're doing something you need to do better, or it may be that you're in the wrong place.

0:17.3

But you have to get at the root cause to do that diagnosis.

0:21.2

Hello everyone, welcome back to on purpose the number one health podcast in the world.

0:32.2

Thank you so much for being a part of this community. Thank you for committing to your growth,

0:36.7

to your self development, taking out the valuable time of your lives to use it,

0:41.3

to become better, to grow, and to learn. You could be doing anything in the world right now,

0:45.6

whether you're walking your dog, whether you're commuting, or whether you're at work,

0:49.5

and trying to learn more. Thank you for making this commitment to wisdom and to knowledge.

0:54.6

And you know that my commitment to you on this podcast is to introduce you to the people,

0:59.2

the ideas, the messages that can transform your work, life, and love. And today's guest

1:06.1

is going to do just that. I'm so excited personally. This has been someone that I've been wanting to

1:12.4

bring to you on the podcast for a long time. So I'm going to have to contain my excitement as well.

1:16.8

But he's an American billionaire investor, hedge fund manager, and philanthropist,

1:21.6

and the author of this incredible book called Principles. Now I read this book when it first came out,

1:27.8

and there were so many incredible insights of wisdom in there. And today I get to sit down with

1:32.8

a one and only Ray Dalio. Ray, thank you so much for being here. Oh, I like, I don't deserve all that,

1:39.1

back at you. Thank you. No, you're very kind. You're very kind. And I'm so grateful to have

1:42.8

this opportunity with you because I truly believe that I'm so grateful. You said on the phone when

1:48.5

we were speaking that there are these different stages of life. And I'm so grateful that you're at

1:53.4

the stage of your life where you are sharing everything you've learned with all of us, because I think

...

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