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

Ray Dalio on his Principles for Success


less than 1m read
·Nov 8, 2024

Can you think about, like, what are some of your first principles? Life is a journey. It's an adventure, an adventurous journey in which you come into it with having a certain nature. That nature, um, you're in a journey to find the path to match up with that nature.

It's like a video game in that you go for your goals. You have your setbacks. The fighting to succeed creates your learning. Your learning builds your skills; you become stronger, and you go on to higher levels. So it's that kind of a journey.

For me, the most important thing was meaningful work and meaningful relationships. Then, in order to be successful: radical truthfulness and radical transparency, so we can exchange ideas.

Then, in 1982, I crashed. I had a big mistake that was one of the best things in terms of giving me the epiphany. That gave me the humility I needed to balance with my audacity. What it did is it helped me understand that people can see things differently, and I can do a better job of, you know, also worrying about how I'm going to be wrong as well as being right.

Control risks better, and be open-minded. Because of that, um, that is the basis of my success.

More Articles

View All
Kamala’s $25K Homebuyers Tax Credit Will Backfire
Kevin, look, I feel deeply for Jenzy. I can’t imagine being a first-time home buyer and you’re staring down, you know, million-dollar homes with huge interest rates. I mean, is that the plan that will work? I got two Gen Z in my family right now, and the…
Comparing features of quadratic functions | Mathematics II | High School Math | Khan Academy
So we’re asked which function has the greater Y intercept. The Y intercept is the y-coordinate when X is equal to zero. So F of 0, when X is equal to zero, the function is equal to, let’s see, F of 0 is going to be equal to 0 - 0 + 4, is going to be equa…
The Fastest Maze-Solving Competition On Earth
[Derek] This tiny robot mouse can finish this maze in just six seconds. (dramatic music) Every year, around the world, people compete in the oldest robotics race. The goal is simple: get to the end of the maze as fast as possible. The person who came sec…
Princess! NOOOO! ... IMG! #32
This is how Easter eggs are made. And don’t walk. Or bike. It’s episode 32 of IMG! Best haircut… ever. And creepy t-shirt Abraham Lincoln. But hunting is awesome. Oh. Lishoffs rules. He made the Simpson’s alphabet, a superhero alphabet and curser bullies.…
Interpretting exponential expression
The expression ( 5 * 2^T ) gives the number of leaves in a plant as a function of the number of weeks since it was planted. What does two represent in this expression? So pause this video and see if you can figure it out on your own. All right, so let’s …
Kirsty Nathoo - Managing Startup Finances
Morning everybody! Thank you for coming in at 9 o’clock. It’s an early start. So, as Kevin mentioned, my name is Kirsty Nathu, and I’m the CFO here at Y Combinator. So, I’ve actually helped now 2,000 companies, almost, as they’ve come through Y Combinato…