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

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.

Wait, so is the U.S. in a Recession?
Charlie Munger on Why Most Investors Can’t Outperform the Market

More Articles

View All
Judgment Is the Decisive Skill
We spoke about specific knowledge. We talked about accountability. We talked about leverage. The last skill that Naval talks about in his tweet storm is judgment, where he says that leverage is a force multiplier for your judgment. We are now living in an…
The 5 Things Successful People Do In Their 20’s
What’s up you guys? It’s Graham here. So your 20s are really such an important time. I honestly believe that it’s these early years that best form the foundation for everything else you do later in life. Much like it’s the easiest to learn a second langua…
Visually dividing unit fraction by a whole number
We’re asked to figure out what is one-seventh divided by four. They help us out with this diagram. We have a whole divided into seven equal sections; each of those is a seventh. We have one of those sevenths filled in, so this is one-seventh right over he…
How To Make The Greatest Comeback Of Your Life (In 6-12 months)
You hear your alarm clock. Snooze it multiple times, and when you finally wake up, you think to yourself, “Ah, here we go again.” You get out of your bed feeling tired and unmotivated. You grab your phone, start scrolling, and see other people living thei…
How Do You Get a Haircut in Antarctica?: Day in the Life of a Scientist | Continent 7: Antarctica
[Music] So this is my Scott based haircut. This is a new one for me. I can say I’ve got my haircut in Antarctica by a butcher. By butcher, that’s a carpenter, and he’s only got one eye, and he’s half L, and he’s only got one eye. He says, “Half fine, here…
Introduction to electron configurations | AP Chemistry | Khan Academy
In a previous video, we’ve introduced ourselves to the idea of an orbital. Electrons don’t just orbit a nucleus the way that a planet might orbit a star, but really, in order to describe where an electron is at any given point in time, we’re really thinki…