Ray Dalio On The Biggest Failure of His Career

less than 1m read

·Nov 8, 2024

So you had this huge failure after being wildly successful very early on in your life. You had to borrow $4,000 from your parents, and he started to reflect on this, and he came up with this very interesting principle: pain plus reflection is equal to progress. Uh, so there is no such thing as failure; failure is an opportunity for evolution, as you've been saying, and that mindset helped you create Bridgewater, right?

Yeah, I think it's a journey for everybody, right? You start off and you encounter reality. If everything goes well, then I suppose you don't need to learn much, but that's not the way it goes. It's almost like boring, actually.

Yeah, it's almost like it's like a pendulum swinging only one way. Yeah, it would be boring, and it also isn't just the way it is.

Yeah, and so you encounter life. It's almost like a video game, you know, except with real pain and real pleasure. So you encounter it and then reflect on how does reality work and how should I interact with it?

I think one of the big problems about a lot of people is they form an expectation of how reality should be, and they get upset if it's not that way, which is so silly, ‘cause reality is reality. And so that process of struggling and falling and learning is just the way it is.

How volume changes from changing dimensions

Gerrymandering Explained

View All

Is Meat Really that Bad?

Food is arguably the best thing about being alive. No other bodily pleasure is enjoyed multiple times every day and never gets old. It’s an expression of culture, our parents’ love, and a means of celebration or comfort. That’s why it hits a special nerve…

Adding and subtracting polynomials of degree two | Algebra 1 (TX TEKS) | Khan Academy

So we have two different expressions here, and what I want you to do is pause this video and see if you can rewrite each of these as a simplified polynomial in standard form. So pause the video and have a go with that. All right, now let’s do this togeth…

Classical Japan during the Heian Period | World History | Khan Academy

What we’re going to do in this video is talk about roughly a thousand years of Japanese history that take us from what’s known as The Classical period of Japan through the Japanese medieval period all the way to the early modern period. The key defining …

Adam & Eve | What Can We Learn From Them?

There are many interpretations of the story of Adam and Eve, a creation narrative that is part of Christianity, Islam, and Judaism, and shows that serious error results in serious torment. The story presents us different characters and objects, like the s…

Dilating shapes: shrinking | Performing transformations | High school geometry | Khan Academy

[Instructor] We’re told to draw the image of triangle ABC under a dilation whose center is P and scale factor is 1⁄4. And what we see here is the widget on Khan Academy where we can do that. So we have this figure, this triangle ABC, A, B, C, right over…

Parallel resistors (part 1) | Circuit analysis | Electrical engineering | Khan Academy

In this video, we’re going to look at another familiar pattern of resistors called parallel resistors. I’ve shown here two resistors that are in parallel. This resistor is in parallel with this resistor, and the reason is it shares nodes. These two resist…

Ray Dalio On The Biggest Failure of His Career

More Articles