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.

The Ancient City That Mastered Water

What's Changed In The American Economy? | Montana On The Rise

View All

Transformations, part 3 | Multivariable calculus | Khan Academy

So I want to give you guys just one more example of a transformation before we move on to the actual calculus of multivariable calculus. In the video on parametric surfaces, I gave you guys this function here. It’s a very complicated looking function; it’…

I FOUND THE 5 WORST CREDIT CARDS EVER...(AVOID THESE!)

[Music] What’s up you guys, it’s Graham here! So buckle your seatbelts, ladies and gentlemen. I hope you’re sitting down for this one. You know, on this channel we’ve talked about the best credit cards to get free stuff, the best credit cards for free tra…

3 Years and 6,000 Miles on a Horse | Short Film Showcase

When I was 21 years old, I found myself in the Gobi Desert, and that’s when I first came across these amazing nomadic people. So, I came up with this idea that I too could get up on a horse and ride all the way from Mongolia to the edge of the steppe in H…

Using TI calculator for P-value from t statistic | AP Statistics | Khan Academy

Miriam was testing her null hypothesis that the population mean of some dataset is equal to 18 versus her alternative hypothesis that the mean is less than 18. With a sample of 7 observations, her test statistic, I can never say that was T, is equal to ne…

Mixed number addition with regrouping

Let’s see if we can add five and two-fifths to three and four-fifths. Pause this video and see if you can figure out what this is. All right, now let’s do this together. We’ve had a little bit of practice adding mixed numbers in the past, and so one way …

Here's what would happen if ALL humans completely disappeared

Foreign. It’s 9:41 AM. We’ve just woken up and brewed yourself a cup of coffee. Outside your window, you see the normal bustle of cars honking at a busy intersection, people waiting in clumps across the street, either mouthing conversations you can’t hear…

Ray Dalio On The Biggest Failure of His Career

More Articles