You may have heard of Ray Dalio, if you watched his famous “How the Economic Machine Works” video on YouTube:
It is a fascinating video in itself and I would encourage everyone who is interested in money, finance and economics to watch it. Today, however, I would like to talk about something else:
Ray Dalio’s Principles for Succcess
“Whatever success I’ve had in life hasn’t been because of anything unique about me—it’s because of principles that I believe anyone can adopt. I created this animated series to share them with you.”
– Ray Dalio
Recently Ray Dalio published a two-volume book titled “Life & Work Principles”. It has already become #1 bestseller accrording to New York Times and Amazon’s Business Book of the Year. Not only that, but Ray Dalio has created “an ultra mini-series” on YouTube with eight episodes, each just 3–5 minutes long, that explains – in a very accessible and smartly animated form – his principles for success in life and in business.
Ray learned these principles the hard way – through mistakes and failures. He lots all his money and nearly lost his business back in 1982, when he bet on an onset of a new economic depression. Instead, the US stock market embarked on a bull run that ran for 18 years. Ray was forced to let nearly all his staff go and had to borrow $4,000 from his dad just to pay his family’s bills.
I have watched the entire series in two days and I really enjoyed it. I am sure I will continue reflecting on what I’ve learned and applying those principles to my own life, especially whenever I fail at something or face adversity and loss. If I picked your curiosity and you feel like checking it out for yourself, here’s the page where you find the mini-series:
https://www.principles.com/principles-for-success/
Enjoy!
Thank you for sharing this @oleg326756! Never heard of sir Ray Dalio but I think he'll be a good source of inspiration especially to an aspiring entrepreneur like me. :)
Ray carries a lot of wisdom and his life story can certainly be inspiring. Best of luck to you, @annefernandez, and don’t get discourage by temporary setbacks! Approach them as puzzles to figure out and lessons to learn. I’m cheering for you! ;)
Very familiar with Dalio. And good insightful post. !
I love that video (had first seen it about a month ago). Everything is a cycle, and I see the signs that the downtrend is occuring or just about to!
Buckle up!
True! Everyone should watch that video to get a basic idea about how economy works at the most macro level. I also believe that we’re about to start a slide down on the long-term debt cycle. Crypto is my safe haven asset in that scenario.
Beautiful. Good principles indeed.
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