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 Court in Action | AP US Government and Politics | Khan Academy

15 Ways Rich People AVOID Paying Taxes

View All

Double Drug Bust | To Catch a Smuggler

♪ AGENT: It’s approaching target vehicle. DANIELLE: Copy. Thank you. We have a new vehicle. Unidentified at this time. DANIELLE: This is, is pretty typical. Either a driver swap or the addition of another, another person involved in, in the transportati…

Billionaire Investor Bill Ackman's Secret 5-Step Investing Checklist

Go through that strategy and go through how it works. When you come, you know, maybe you’ll override that portfolio manager or not, but what’s the checklist you kind of go through? So we look for very high-quality businesses, what we describe as simple, …

End behavior of rational functions | Mathematics III | High School Math | Khan Academy

So we’re given this function ( f(x) ) and it equals this rational expression over here. We’re asked what does ( f(x) ) approach as ( x ) approaches negative infinity? So as ( x ) becomes more and more and more and more negative, what does ( f(x) ) approac…

Worked examples: Calculating [H₃O⁺] and pH | Acids and bases | AP Chemistry | Khan Academy

[Instructor] Here are some equations that are often used in pH calculations. For example, let’s say a solution is formed at 25 degrees Celsius and the solution has a pOH of 4.75, and our goal is to calculate the concentration of hydronium ions in solution…

What Does An Astronaut Dream About? | Short Film Showcase

On the odd occasion that I do remember my dreams, and quite often I have a dream where I’m back in space. I’m floating down one of the very long mere modules, so I would be going past. It’s a nice sort of slow rate, really sedate. Then there’s a window a…

Another Major Market Bubble Just Burst.

Does it do anything? It tells the time. Is the fall of luxury goods finally upon us? At the start of the year, everything seemed promising. A report from Bain & Company estimated the luxury market to reach 1.5 trillion EUR, or $1.63 trillion, globall…

Ray Dalio On The Biggest Failure of His Career

More Articles