yego.me
💡 Stop wasting time. Read Youtube instead of watch. Download Chrome Extension

Elliot Choy asks Ray Dalio about his early goals


2m read
·Nov 8, 2024

Was was that first step for you? Do you recall kind of some of your early goals? Was it simply to find some level of success, some level of security? Do you remember what those first steps were for you?

Well, it was, um, it was more a passion, you know? Like, I liked this thing and I didn't like the other things, and I would pursue what I liked. In my particular case, I happened to like the markets, so I got hooked on the markets. It happened to be a game, think of it like almost a video game. I got used to that, and then it takes me, like a video game does, it took me through all the adventures.

This is what life is like: you pursue a path that there's a passion or something in which you have a certain nature. Everyone has a certain nature, and that nature creates a pull, and you're in search of your path and your pull. So, I had my nature that gave me my pull. I found a direction, and it's not like there's just one direction. There are multiple directions that would work, but many that also, you know, wouldn't work.

It's a function in nature. I had the pull in that direction, and then think of it as a journey. You know, you overcome, you go through jungles, you cross rivers, and you have all sorts of obstacles and so on. Along the way, you have those encounters and those learnings. That was what it felt like for me.

As I did that, though, it was the excitement of that journey, that pull, and I liked to overcome the obstacles. I dealt with the ups and downs and so on. It was never that I pursued a goal to make a lot of money, though at various stages, it was very important that I could take care of my family. Money matters. Money didn't matter and all, but by and large, it was that pull driven by my nature and my encounters.

Then getting excellent, better at it each time and becoming more and more excellent. Then I find myself in the position I find myself in.

More Articles

View All
Standard potential, free energy, and the equilibrium constant | AP Chemistry | Khan Academy
For a generic redox reaction, where the reactants turn into the products, the free energy is related to the potential for the redox reaction. The equation that relates free energy and potential is given by: ΔG = -nFE. ΔG is the instantaneous difference …
Multiplying mixed numbers
Let’s see if we can figure out what 2 and 1⁄4 times 3 is. Pause this video and see if you can work that out. All right, now there’s different ways that we could approach this. One way to approach this is to recognize that if I multiply anything times thr…
WORLD’S MOST AMAZING ARCHER in Slow Motion - Smarter Every Day 130
Hey it’s me Destin, welcome back to Smarter Every Day. I know when you think about archery you think about Nottingham, and one guy in particular, Robin Hood. But I’m gonna tell you about a guy today in my home town that might even be better than Robin Hoo…
Inside the Struggle to Save an Endangered Grouper Species | National Geographic
This female Nassau grouper caught off the coast of Biz is taking her last few breaths. The survival of this endangered species, an apex predator, is critical to the survival of the coral reef. The Bellian Barrier Reef, the second longest in the world, is …
Funding Is an Outcome of Building a Good Business - Porter Braswell of Jopwell
Maybe the best place to start would be, let’s explain what job well is, and then we can kind of go back in time and get to where we are now. Cool, cool. So also thanks for coming in. Absolutely my pleasure, thank you for having me. Appreciate it. Yeah, s…
THE END of Credit Card Signup Bonuses??
Lots of you guys, it’s Graham here. So, you know, unfortunately, I have a little bit of bad news today. You know when you find a way to outsmart and exploit the system for a profit? Eventually, the credit card companies are gonna start to catch on to this…