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.

Mars 101 | National Geographic

Westward expansion: social and cultural development | AP US History | Khan Academy

View All

The aggregate production function and growth | APⓇ Macroeconomics | Khan Academy

In a previous video, we have introduced the idea of an aggregate production function, which is a fancy way for a mathematical model that an economist might use to tie the factors of production in an economy to the actual aggregate output of an economy. Th…

If You Were a Tree... - Fan Questions | StarTalk

I’d want to be planted in a wide-open meadow so that every one of my branches can receive all the sunlight at once. I don’t want to have to compete for the photons from the Sun, which is what goes on daily, hourly, in a forest, especially rainforests wher…

Independence movements in the 20th Century | World History | Khan Academy

As we’ve seen in other videos, this is a map of the European possessions, especially the Western European possessions in much of the world. As we enter into the 20th century, before World War I, you see significant possessions by the French, not just in A…

These Mini-Ships Teach Pilots How to Navigate Major Waterways | National Geographic

When you look at the ships, you may think that they’re small toys. But the minute you get on it, the power is to scale to the size, and it becomes very real, very quickly. When we build a new ship, the first question is, is this ship correct? Is it close …

The Bayesian Trap

Picture this: You wake up one morning and you feel a little bit sick. No particular symptoms, just not 100%. So you go to the doctor and she also doesn’t know what’s going on with you, so she suggests they run a battery of tests and after a week goes by, …

Nike vs Adidas: Who Won The Game?

The sneakers industry can be described in one word: ruthless. This is precisely the reason why a handful of companies have continued to dominate the market for decades. But who are the top two leaders in the industry? Well, you might know the answer alrea…

Ray Dalio’s Best Advice for Young Entrepreneurs

More Articles