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

Ray Dalio & Bill Belichick on Learning from Failure


2m read
·Nov 8, 2024

So another thing about us we were talking about is uh uh failure. Like I had my big failure in 1982. Like in my case, I um made a terrible call in the markets, and whatever it is, and I went broke. I uh lost money, and I had to borrow $4,000 from my dad to take care of my family bills and so on. Very painful.

But that goes down in my mind as one of the best experiences I had because I had to learn about, okay, what do I do? What’s the lesson, you know? And I've got this principle: pain plus reflection equals progress.

I know you had your own failure. Well, there were many along the way, and of course in the NFL when you play, um, every week you have the success or failure. There's the report card; it's pretty clear-cut. So again, you learned that job security is based on performance, and anything that gets in the way of performance affects your job security.

That was pretty evident again in Cleveland when I became a head coach. You know, after spending 12 years with the Giants and went to Cleveland, um, even though we went from a, you know, a bad team when I got there 3 and 13 to, you know, to a very successful, you know, 11 and 5, 12 and 6 in '94, uh, then a down year '95, and that was the end.

So, you know, when I reflect back on the 5 years in Cleveland, I look at some of the things that I failed at, that I needed to do better in the next opportunity. And, you know, fortunately, uh, in New England, um, Robert Kraft and the Kraft family gave me an opportunity to, you know, to resume a head coaching opportunity there in, uh, 2000.

And you know, I tried to take a lot of the lessons that I'd learned from the Cleveland experience, um, which a lot of it was good, but again, the things that came up short, I tried to implement those in the new opportunity in New England. And along with the supportive ownership, um, that's worked out pretty well.

Your attitude, uh, I think is very similar; like pain provides lessons many times, right? Absolutely. See the pain on the front end or pain on the back end. It's either the pain of preparation or the pain of failure. And so it's, I try to put it in on the front end. Don't always avoid it on the back end, but do everything I can to not have the results be painful.

More Articles

View All
How To ADAPT To The Digital Pivot | Meet Kevin Asks Mr. Wonderful
There are no starving artists anymore. They’re not starving. They’re getting salaries of over a quarter million dollars a year if they’re any good, because they can tell the story and digitize the service or product online and entice customer acquisition.…
Path of Stoicism: How to become a Stoic in the Modern World
We’re all pretty used to rain. We’re either prepared for it with an umbrella or raincoat, or just get wet. Rarely does it genuinely upset us. But what about when it rains for days and the streets flood so you can’t go outside? Or when you realize you can’…
Lac operon
We’re now going to talk about one of the most famous operons, and this is the Lac operon. It is part of the E. coli genome and is involved in the metabolism of lactose. The “Lac” right over here is referring to lactose, and so you can imagine that it code…
How to Get Rich
Hey, this is Nivi. You’re listening to the Navall Podcast. This is one giant mega sowed that collects every episode we’ve done on getting rich. All of it is based on his tweet storm of how to get rich without getting lucky. I’ve collected them all here be…
Inside the Elite Meeting Spots for Billion-Dollar Decisions
A new world order, the great reset, globalism, universal basic income, fake news, and media manipulation, and piles of cash to make it all happen. This is what the average conspiracy theorist imagines when they think about Davos, the Bilderberg Group, or …
I taught some students, and they taught me!
Today some students visited me to learn about what it takes to sell private jets. But I was left pleasantly surprised with what they actually ended up teaching me. I paused my workday and greeted them in the fuselage. We sat down and let me tell you, they…