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Money Rehab with Nicole Lapin

Ray Dalio (Part 2): Principles of Happiness, Grief, and What Money Can’t Buy

Money Rehab with Nicole Lapin

Money News Network

Education, Self-improvement, Business

4.41.4K Ratings

🗓️ 23 May 2025

⏱️ 25 minutes

🧾️ Download transcript

Summary

In part two of Nicole’s conversation with Ray Dalio (founder of Bridgewater Associates and architect of the All Weather Portfolio), they move beyond the markets and into the personal. While part one tackled the economy, inflation, and portfolio strategy, this episode is all about legacy, happiness, and the limits of what money can buy. Ray opens up about the worst moment of his life, how he defines success, and what he hopes the next generation takes from his journey. It’s a rare side of one of the world’s most influential investors—and a conversation that will stick with you long after the episode ends. Pre-order Ray's latest book How Countries Go Broke ⁠here⁠. Find all of Ray's books ⁠here⁠.

Transcript

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0:00.0

When you're with Amex Business Platinum, going the extra mile for your business pays off.

0:05.1

With five times membership rewards points on flights and prepaid hotels booked through

0:08.7

MX Travel.com, you can earn more points to help grow your business.

0:12.5

And with access to more than 1,400 lounges globally through the American Express Global Lounge Collection, including the Centurion Lounge.

0:19.0

Can I give you a refill?

0:20.3

You can stay fresh wherever

0:21.8

your business travel takes you. That's the powerful backing of American Express.

0:26.2

Terms apply. Learn more at Americanexpress.com slash Amex Business. One of the things I really love

0:31.3

about my work is the fact that I can do it from anywhere. And getting a change of scenery can

0:35.0

really help inspire creativity in my work and has once or twice

0:38.6

or maybe more cured my writer's block. Being a way for work, for fun, or for both is a perfect

0:44.1

opportunity to host your space on Airbnb. That way, not only do you get to experience a new part

0:49.9

of the world, but you're also making money while you're doing it. And if you think hosting is

0:53.7

overwhelming, I have a solve for you. With Airbnb's co-host network, it is easier than ever before

0:59.3

to host. Now you can hire a high-quality local co-host to take care of your home and your guests.

1:05.5

They can do everything from creating your listing to managing reservations to messaging guests

1:10.2

and providing on-site support.

1:12.1

They can even help with design and styling. Also, by hosting on Airbnb, you can become part of

1:16.8

another family's story, maybe even their hero. As you know, I stayed in an Airbnb for months when

1:23.0

my house burned down, and I truly do not know what I would have done otherwise. So if you've got a secondary

1:28.2

property or an extended trip coming up and you need a little help hosting while you're away,

1:32.3

you could hire a co-host to do the work for you. Find a co-host at Airbnb.com slash host.

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