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

Ray Dalio’s Best Advice for Young Entrepreneurs


less than 1m read
·Nov 8, 2024

You're a role model for so many young people who want to be like you. They're thinking by being like you means extraordinarily rich, but they're not looking at these deeper questions. What would you say to all these young entrepreneurs who are, you know, wanting to be successful businessmen?

Because you are, I just ran into a game that I love, and it happens to pay well if you're good at it. That's all it was; I didn't go after that.

And I think here's what I would say: Money has no intrinsic value. What does it get you? You have to think, what does it get you? I think, um, you should pick whatever brings you the most happy life you have. And you should be what I call self-sufficient plus. That means you have to have enough money to have the life that you want to have, and maybe a little bit more so that you can help others and whatever.

And that could be the simplest, most beautiful life. Never lose sight of what you want because if you define success in that way, it's terrible in other words. Because then you're going to create an obsession which has no purpose and no ending, and no ending.

More Articles

View All
How to Run a User Interview with Emmett Shear (How to Start a Startup 2014: Lecture 16)
Today’s guest speaker is Emmett Scheer. Emmett is the CEO of Twitch, which was acquired by Amazon, where he now works. Emmett is going to do a new format of class today and talk about how to do great user interviews. So this is the talking to users part o…
Worked example: differentiating polar functions | AP Calculus BC | Khan Academy
Let r be the function given by r if theta is equal to three theta sine theta for theta is between zero and two pi, including zero and two pi. The graph of r in polar coordinates consists of two loops, as shown in the figure above. So let’s think about wh…
See How Termites Inspired a Building That Can Cool Itself | Decoder
In 1991, architect Mick Pearce had a problem. An investment group in Harare, Zimbabwe, hired him to design the largest office and retail building in the country. But they didn’t want to pay for the expensive air conditioning needed to cool such a large bu…
Welcome to an Adventurer’s Year-Round Paradise: British Columbia | National Geographic
So you’ve been here before? Have never been here before? No, first time. [Music] Do not ask what the world needs. Ask what makes you come alive and go do it. Because what the world needs is people who have come alive. [Music] I found this quote probab…
What it’s like to be half Japanese half Turkish 🇯🇵/ 🇹🇷
What’s up! It’s me, Ruri. I’m a first-year medical student here in Turkey, and today we’re talking about what it’s like to be growing up half Japanese and half Turkish. I will timestamp every single thing that I mention in the description below so that yo…
Top Ways Startups Waste Money
I’ll say this: if you want to get really good at firing vendors, hiring a PR agency is a great way to get your feet wet, right? Because I don’t know anyone that’s ever hired a PR agency that hasn’t fired PR agencies. [Music] Hello, this is Michael with H…