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.

More Articles

View All
Warren Buffett Just Sold One Of His Biggest Stocks.
Well, it’s that time of year again. The 13F filings are out, which means we get to peek inside the portfolios of the world’s best investors. If we look to the biggest, best investor of them all, Mr. Warren Buffett, there was some very intriguing activity …
Mapping a Mayan Crypt | Lost Cities with Albert Lin
I’m deep inside an ancient pyramid on the trail of a mysterious Maya dynasty called the Snake Kings. I’m so far into the heart of the pyramid my radio doesn’t work. Within these twisting tunnels, it’s impossible to know just how deep I am. But if my team …
What's in Dry-Erase Markers? | Ingredients With George Zaidan (Episode 10)
What’s in here? What does it do? And can I make it from scratch? Pick the stuff, it’s on your stuff. Ingredients: Dry erase markers are magical. I mean, you write on a smooth, hard surface like this dry erase board or a mirror, and then whatever you writ…
Unadopted amendments to the Bill of Rights | US government and civics | Khan Academy
Hi, this is Kim from Khan Academy. Did you know that what we call the First Amendment today was actually the Third Amendment in the original draft of the Bill of Rights? In fact, there were more than 200 proposed amendments, which were whittled down to ju…
Answering google's most searched questions of 2019..
So the Internet is a big place. There’s a lot of people on it, a lot of curious people. Things they want to do, stuff they want to learn, and that’s great and all. You know, it’s always good to learn things; you should never stop learning. Search engines …
The Second Great Awakening - part 2
In the last video, I started discussing the Second Great Awakening, which was this era of increased religious fervor, religious conversion, and religiously inspired social action that happened in the early 19th century of the United States’ history. So ap…