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.

Flight at the Edge of the Ozone Layer | One Strange Rock

Estimating adding fractions with unlike denominators

View All

Formal charge | Molecular and ionic compound structure and properties | AP Chemistry | Khan Academy

[Instructor] In this video, we’re going to introduce ourselves to the idea of formal charge, and as we will see, it is a tool that we can use as chemists to analyze molecules. It is not the charge on the molecule as a whole; it’s actually a number that we…

Sal Discusses the Safety of Reopening Schools on the Situation Room With Wolf Blitzer

Doctor, when the CDC Director, Robert Redfield, says these new guidelines are meant to facilitate the opening of schools around the country, not keep them closed. Based on your reading of these new guidelines, do you think they accomplish that goal? Well…

Dan Siroker at Startup School 2013

Thank you. Uh, I have the privilege of saying this is my sixth Startup School, uh, and, uh, the first time as a presenter. Today, I’m going to be sharing with you what I would have wanted to hear the first five times, uh, while I was sitting in your seat…

First-Ever 3D VR Filmed in Space | One Strange Rock

I spent a hundred and sixty six days off the world, but somewhere along the way my perceptions of the world shifted. [Music] When you’re onboard a spaceship, you’re very much aware of the passage of time. The clock is running, your heart is beating, your…

Letting Go Of Resentment (Stoic & Buddhist perspectives)

There’s something special I would like to share with you today because very recently life taught me another lesson about resentment. Letting go of resentment is actually a lot easier than the mind makes us believe. I would like to share with you what I’ve…

A Selfish Argument for Making the World a Better Place – Egoistic Altruism

Until recently, the vast majority of the world population worked on farms, and the total production of the world’s economy was mostly the total agricultural output. And this output was limited by the fixed size of the land. The total output of the economy…

Ray Dalio On The Biggest Failure of His Career

More Articles