Ray Dalio on If Your Life Has Crashed, You Need to Listen to This (Replay)

Tom Bilyeu's Impact Theory

Impact Theory

Business, News Commentary, News

4.7 • 5.2K Ratings

🗓️ 20 May 2024

⏱️ 68 minutes

🔗️ Recording | iTunes | RSS

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Summary

Being one of the greatest investors in history, Ray Dalio could have easily retired into a life of ease, wealth and comfort. Instead, he has devoted his life to explaining the principles that made him successful. On this episode of Impact Theory with Tom Bilyeu, Ray Dalio details precisely how to implement radical transparency, explains how to get past your ego barrier and your blind spots, and shares the secrets to having freedom and a life worth savoring while at the same time achieving crushing success. [Original air date: November 26, 2019]. SHOW NOTES: Tom describes the effect Principles had on him [3:05] You can’t always trust that you are right [4:34] Ray describes the “two you’s” and how he gets out of his own way [6:34] Ray and Tom discuss meditation [11:28] Tom explains how he adopted the identity of the learner [14:34] Ray describes the ego barrier and the blind spot barrier [17:03] Ray explains the concept of “just another one of those” [20:04] Ray details precisely how to avoid constantly making exceptions [25:14] Ray explains how to implement radical transparency [26:47] Ray details how to deal with a serious disagreement between two people [30:46] Ray advocates that sometimes you just have to move on [33:01] Ray explains why life almost always works the opposite of the way you think [36:45] Ray talks about how if you want self-discovery you will find a way to get it [39:43] Ray explains how to get the most out of every single minute [43:11] Ray defines tough love and struggling well [44:31] Ray talks about savoring life, freedom, and the life arc [49:00] Tom and Ray discuss that you really can’t skip a phase in life [54:37] Ray shares the impact he wants to have on the world [1:00:40] FOLLOW RAY: WEBSITE: principles.com INSTAGRAM: https://bit.ly/37hc087 FACEBOOK: https://bit.ly/2On6wjB TWITTER: https://bit.ly/2KwfcDh FOLLOW TOM: Instagram: https://www.instagram.com/tombilyeu/ Tik Tok: https://www.tiktok.com/@tombilyeu?lang=en Twitter: https://twitter.com/tombilyeu YouTube: https://www.youtube.com/@TomBilyeu SPONSORS: Visit https://betterHelp.com/impacttheory today to get 10% off your first month. NetSuite has extended its one-of-a-kind flexible financing program for a few more weeks! Head to https://NetSuite.com/THEORY. Sign up today at butcherbox.com/IMPACT and use code IMPACT to choose your Free for a Year offer, plus get $20 off your first order! Explore the Range Rover Sport at https://landroverusa.com For comprehensive financial news and analysis, visit the incredible brand that so many great investors use, https://yahoofinance.com. Get 5 free AG1 Travel Packs and a FREE 1 year supply of Vitamin D with your first purchase at https://drinkag1.com/impact. Secure your digital life with proactive protection for your assets, identity, family, and tech – Go to https://aura.com/IMPACT to start your free two-week trial. Take control of your gut health by going to https://tryviome.com/impact and use code IMPACT to get 20% off your first 3 months and free shipping. ***Are You Ready for EXTRA Impact?*** If you’re ready to find true fulfillment, strengthen your focus, and ignite your true potential, the Impact Theory subscription was created just for you. *New episodes delivered ad-free, EXCLUSIVE access to hundreds of archived Impact Theory episodes, Tom AMAs, and so much more!* This is not for the faint of heart. This is for those who dare to learn obsessively, every day, day after day. *****Subscribe on Apple Podcasts: https://apple.co/3PCvJaz***** Subscribe on all other platforms (Google Podcasts, Spotify, Castro, Downcast, Overcast, Pocket Casts, Podcast Addict, Podcast Republic, Podkicker, and more) : https://impacttheorynetwork.supercast.com/ Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	You're listening to Impact Theory. Impact Theory. Impact Theory. Impact, baby. Hey, everyone, welcome to Impact Theory. Today's guest is a number one New York Times bestselling author and the founder of the most successful hedge fund of all time. He's returned more to his investors than anyone else in his space, which would be
0:20.9	amazing under any circumstance, but becomes even more dazzling when you consider the fact that
0:26.1	he started out as just another middle-class kid from Long Island. He struggled in high school,
0:31.1	barely got into college, but over the course of one of the most storied investment careers
0:35.9	in history, he turned himself into one of the 100
0:39.3	wealthiest people on planet Earth. With roughly 160 billion dollars under management,
0:45.1	Fortune magazine named his company Bridgewater, one of the top five most influential private
0:50.4	companies in the US, and Time magazine named him personally as one of the 100
0:55.5	most influential people alive. He's been called the Da Vinci of Investing, and given his
1:01.1	accurate prediction of the 2008 financial crisis, it is not hard to understand why.
1:07.6	Using principles that he'd established over decades, he and his team were able to recognize
1:12.1	the coming implosion and position his clients to not only weather the storm, but to come out
1:16.9	far better because of it. Now, in a new phase in his life, and armed with the conviction that there's
1:21.6	nothing inherently special about him and that his methods can be adopted by anyone, he has embarked
1:27.2	on a mission of both financial
1:28.7	and ideological philanthropy that has made him one of the most sought-after voices in business
1:34.4	leadership.
1:35.6	So please, help me in welcoming the author of Principles and Big Debt Crisis, the legendary,
1:42.7	Ray Dalio.
1:46.0	Hey, Tom. How you doing?
1:47.0	Good to see you.
1:48.0	Thank you so much for being here.
	...

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