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.

CGP Grey was WRONG

12 STOIC SECRETS FOR DOING YOUR BEST | STOICISM INSIGHTS

View All

Impact of mass on orbital speed | AP Physics 1 | Khan Academy

A satellite of mass lowercase m orbits Earth at a radius capital R and speed v naught, as shown below. So, this has mass lowercase m. An aerospace engineer decides to launch a second satellite that is double the mass into the same orbit. So, the same orbi…

The Mother Of All Bubbles Is Here

What’s up? Grandma’s guys here! So lately, there’s been this ominous looking chart. It’s beginning to scare a lot of investors, and today we have to talk about it. On the left, we see the Japanese stock market, which peaked in 1992, crashed 80 percent ov…

if-elif-else | Intro to CS - Python | Khan Academy

We can use an if statement to control that a particular block of code only executes when the condition evaluates to true. But what if we want to do something else only when the condition evaluates to false? Well, we can add another if statement and try an…

If I Had To Start Over, This is What I Would Do #shorts

Well, what a great place to get a question like that, right in the heart of Beverly Hills. You can’t come here without any money; you’ve got to make money first. And the way you do that, if you had nothing, I would use the advantage of the internet that …

The Napkin Ring Problem

Hey, Vsauce! Michael here! If you core a sphere; that is, remove a cylinder from it, you’ll be left with a shape called a Napkin ring because, well, it looks like a napkin ring! It’s a bizarre shape because if two Napkin rings have the same height, well t…

Revealing My Entire $6 Million Investment Portfolio | 29 Years Old

What’s up you guys, it’s Graham here. So, a few months ago, I made a video breaking down in graphic detail each of my seven income sources: how I built them up, what’s involved in running them, and then most importantly, the question everyone wants to kno…

Ray Dalio On The Biggest Failure of His Career

More Articles