Ray Dalio on Success, Failure and Meaningful Work
Finding Mastery with Dr. Michael Gervais
Dr. Michael Gervais
4.7 • 1.7K Ratings
🗓️ 7 February 2024
⏱️ 69 minutes
🧾️ Download transcript
Summary
How does someone turn a two-bedroom apartment into the world’s largest hedge fund? Our guest today - the one and only Ray Dalio - knows. A master of global macro investing, Ray founded Bridgewater Associates and led it to unparalleled heights, redefining financial excellence along the way.
Ray isn't just a finance legend; he's a visionary author and a vanguard in idea meritocracy. With bestsellers like 'Principles: Life and Work,' he's influenced minds around the globe. His journey from a finance graduate to a figure on the Time 100 and Bloomberg Markets' most influential people lists is nothing short of remarkable.
Beyond finance, Ray’s a dedicated family man and philanthropist, deeply invested in ocean exploration and equal opportunity initiatives.
In our insightful chat, Ray breaks down his success pillars: radical transparency, idea meritocracy, and the power of transcendental meditation. He also opens up about loss, failure and how to align your life path to your true nature.
Prepare to dive into a mind that’s navigated the complex tides of global finance with steadfast principles and innovative strategies.
Whether you're charting your course in business, sports, or any other area, Ray's insights offer keys to unlock your potential and create a life that resonates with your deepest aspirations.
With Fire,
MG
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Transcript
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| 0:00.0 | That notion of I'm evolving, I'm learning, I'm improving, and I'm contributing to evolution |
| 0:09.7 | by those around me is something that I think it produces a successful life and it |
| 0:15.5 | could produce it in many different ways. Look I have a view that anybody can make |
| 0:20.2 | mistakes. It's okay to make mistakes. You just can't not learn from them. Pain plus |
| 0:26.4 | reflection equals progress. Welcome back. |
| 0:39.0 | or welcome to The Finding Mastery Podcast. |
| 0:42.1 | I'm your host, Dr Michael Gervay, |
| 0:44.0 | by trade and training a high-performance psychologist. |
| 0:47.0 | Many times, |
| 0:49.0 | the most meaningful work we can do in our lives |
| 0:52.0 | grows out of our childhood interests. So picture, if you will, |
| 0:57.1 | a young boy from a modest middle-class neighborhood who is deeply fascinated by the stock market. |
| 1:03.0 | Already at age 12, he's developed a sophisticated understanding, |
| 1:08.0 | viewing the market as an intricate and complex game. |
| 1:12.0 | His intense interest is so much more than just a passing childhood phase, |
| 1:18.1 | he starts to take action, consistently investing, earnings from his part-time job and learning valuable lessons along the way. |
| 1:26.0 | He's planting the seeds of a lifelong passion. |
| 1:30.0 | This is the real life story of Ray Dahlio, the visionary behind Bridgewater Associates, |
| 1:35.6 | the world's largest hedge fund, which manages $124 billion in assets. |
| 1:43.8 | Ray's path from humble beginnings |
| 1:46.2 | to financial legend and one of times |
| 1:49.7 | 100 most influential people in the world is a case study in self-awareness, |
... |
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