Ray Dalio: The principles that made me a billionaire
About this episode
Ray Dalio's rules for building wealth
- Episode 842: Sam Parr ( https://x.com/theSamParr ) and Shaan Puri ( https://x.com/ShaanVP ) sit down with Ray Dalio ( https://x.com/RayDalio ) to talk about the holy grail of investing strategies.
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Show Notes:
(0:00) Intro
(0:49) Hitting rock bottom
(8:28) Personality traits of the 1%
(14:22) Partnerships that win
(18:25) Pain + Reflection = Progress
(23:30) What’s the money for anyway?
(26:26) Principles
(28:41) Ray’s hiring philosophy
(30:43) Being a caddy
(35:16) Mistakes smart investors make
(37:01) What Ray spends his money on
(39:13) Aliens
(41:00) The 5 Big Forces
(46:35) Investing in Gold and Bubble Mechanics
(52:55) How Bridgewater became the biggest hedge fund
(55:40) The gap between the best and everyone else
(59:26) The 1 Big Takeaway
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Links:
- • Ray’s Personality Test - https://principlesyou.com/
- • Bridgewater Associates - https://www.bridgewater.com/
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Check Out Sam's Stuff:
- • Hampton (joinhampton.com): My community for founders. Average member does $25m/year. Many of the guests are members. Get after it...apply: http://joinhampton.com/mfm
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Check Out Shaan's Stuff:
- • Shaan's weekly email - https://www.shaanpuri.com
- • Visit https://www.somewhere.com/mfm to hire worldwide talent like Shaan and get $500 off for being an MFM listener. Hire developers, assistants, marketing pros, sales teams and more for 80% less than US equivalents.
• Mercury - Shaan uses Mercury across all of his companies. you can too
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• I run all my newsletters on Beehiiv and you should too + we're giving away $10k to our favorite newsletter, check it out:
My First Million is a HubSpot Original Podcast // Brought to you by HubSpot Media // Production by Arie Desormeaux // Editing by Ezra Bakker Trupiano /