Billionaire Ray Dalio Shares The ULTIMATE SUCCESS PRINCIPLES That Made Him WEALTHY | Lewis Howes
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My guest today is Ray Dalio, Founder, Co-Chairman, and Co-Chief Investment Officer of Bridgewater Associates, the fifth most important private company in the US, according to Fortune magazine. According to Forbes, he is the 69th Richest person in the world, and he has been called the “Steve Jobs of Investing” by Wired magazine, and named one of the top 100 Most Influential People by TIME magazine.
He is also the author of the New York Times #1 bestseller, Principles, which explains and outlines the principles that he lives and works by to create massive amounts of success in his life and business. And now, he’s become an author for the second time with his new book, The Changing World Order: Why Nations Succeed and Fail. This new book explores the economic turbulence that has defined the past as well as explains why the future will be radically different. I know it’s a fascinating read - I recommend picking up a copy!
When Ray started out in his entrepreneurial career in 1975, he didn’t have much besides a two-bedroom apartment in New York and an idea. But now, forty years later, Bridgewater Associates is the largest hedge fund in the world!
But despite building one of the most successful private companies ever, Ray doesn’t see himself as anything special. He fundamentally believes that the principles he’s learned are what set him apart and allow him to achieve such massive success. And now, at this stage of his life, he is ready and excited to pass along his wisdom to anyone willing to listen.
It was such a pleasure to dissect the world’s problems and opportunities with Ray. We had a conversation that really stuck with me, and I think you’ll get a lot out of it too. I loved diving deeper into why pain is the best teacher, how we can use our mindset to achieve great things, why we should always be willing to learn and admit when we’re wrong, and so much more!
If you’re ready to create financial success, develop principles, and understand your purpose, join me on Episode 1,042 with Ray Dalio!
You can follow Lewis at:
Website: lewishowes.com/
Instagram: / lewishowes
Facebook: / lewishowes
Twitter: / lewishowes
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Lewis Howes is NY Times Bestselling author, entrepreneur, and former professional Arena League football player. He hosts The School of Greatness, a talk show distributed as a podcast. Learn and hear the stories of various successful people around the world, become inspired, motivated and educated with the SCHOOL OF GREATNESS. lewishowes.com/book
You can follow me at:
Website: lewishowes.com/
Facebook: / lewishowes
Twitter: / lewishowes
Instagram: / lewishowes
Tiktok: / lewis
Linkedin: / lewishowes
Пікірлер: 562
How amazing for us to be able to listen to this man’s wisdom from 71 years on earth for FREE!! Thank you Lewis!! ⚡️⚡️
@garykaplan7611
3 жыл бұрын
Who paid you to say that? Were you really so inspired by Ray combining his feelings with his thoughts? ... or the importance of ambiguity? I got nothing from this.
@Moodyvirgoarts
3 жыл бұрын
@@garykaplan7611 im so sick of the rich being so carelessly blind to the facts. Money is so important to them.
@jan.mal.1284
3 жыл бұрын
Very true Reagan. I am very grateful too.
@DanielJimenez-vt8ct
3 жыл бұрын
Grateful!!
@Mike717ful
3 жыл бұрын
Yh got nothing, abstract mindset bs
42' - 43' wow this guy is great. He is a billionaire who is not a psychopath and has compassion and empathy. Incredible.
It is well worth watching the entire conversation, but if your time is limited here you go: 1. 0:00 Introduction 2. 1:22 The person who made the biggest impact in Ray Dalio’s life 3. 2:58 Pain + Reflection = Progress 4. 4:45 The greatest pain in his lifetime, and the results of it 5. 9:10 Where he would be today without being completely broke in 82 6. 13:36 How Ray Dalio stays confident during transitions of life stages, ambiguity 7. 15:00 Being led by thoughts or feelings? 8. 17:08 Personal mantra when in doubt of something 9. 19:35 His approach to bets in general 10. 20:22 Thoughts on the importance of disagreement 11. 22:35 How Ray Dalio deals with personal attacks on his opinions 12. 25:51 What is thoughtful disagreement? Principles of protocols 13. 29:05 The greatest problem of mankind 14. 30:38 Is this a bad time in the world? Money, credit, wealth, political gaps, and the rise of China 15. 36:49 How should the information provided be applied for the rest of society 16. 45:44 Do we have equal opportunity? 17. 47:55 The mindset of making money 18. 51:04 Top places people should be investing, importance of saving 19. 54:42 Ray Dalio’s first investment experience 20. 55:53 The greatest gift a rich person could give to a poor person 21. 56:55 Three skills to learn 22. 59:25 Diversification 23. 1:01:30 The skill to not to be too high and not be too low either, execute a good game plan 24. 1:04:30 Advice for millenials 25. 1:05:00 Which is easier, staying wealthy or getting wealthy? 26. 1:06:30 Ray Dalio’s book: Principles 27. 1:08:00 Ray Dalio’s personality test 28. 1:09:20 The three truths 29. 1:12:11 Dalio asks about The school of greatness 30. 1:13:00 Dalio’s definition of greatness If it gets buried in the comment section, you can find each of these sections on my website too.
@amolgill7480
3 жыл бұрын
Thank you for the outline! Much appreciated
@Bmoby1
3 жыл бұрын
Thank you do very much for this
@kos8098
3 жыл бұрын
thank you. Much appreciated!
@FASHIENLILYD
3 жыл бұрын
This is great to reference. Genius idea. Thanks watching this several times packed full of inspiration
@valetetti702
3 жыл бұрын
P N.L no
The second half for Ray starts in his early 70, mine was in my mid 50... the sooner you start discovering your life's meaning and purpose, the happier you will be.
So sad to hear about Ray's son's passing, just ten days following this interview. May the Dalio family find comfort. Thank you Lewis and Ray.
@carogibson7109
3 жыл бұрын
What ray was saying was a way to fight against invasion by overeducated foreigners of USA as they all say current USA citizens are arguers and need to be kicked out from work and allow new. This accident ! Smells fishy not an accident. Ray was showing us how to fight
@taykokhuat
Жыл бұрын
@@carogibson7109 The good thing about the US printed currency are that it attracted foreign talents but the disadvantage is it created a lot of US couch potatoes.
Love listening and learning from Ray Dalio. True sign of an exceptional interviewer is letting your guest speak. Thank you
Multiple Source of Income:1, Create an online course 2:Buy a rental property 3: Start an online business 4: Invest in Crypto/ Stocks 5: Purchase a franchise 6: Start a Blog
@jennifernancy8318
3 жыл бұрын
You're right . Employees make their bosses rich Debtors make banks rich Consumers make businesses rich Corruption make politicians rich Investors make themself rich
@stevenmatteo6813
3 жыл бұрын
For me employ what brings profit, I employ crypto and stocks
@ameliescarpelli9379
3 жыл бұрын
@Andrew Levi Bitcoin trading is now the fastest way to make money online at your own comfort
@ameliescarpelli9379
3 жыл бұрын
10k: "I'll buy Bitcoin at 8k" 12k: "I'll rather wait for 10k" 36k: "I should have listened" Don't be like this guy, invest in your FUTURE now!!
@joshanderson7551
3 жыл бұрын
Every bitcoin investor right now is just smiling at the price of bitcoin as it held strong and indeed valuable enough to generating good ROI. More persons are gonna become millionaires and we have bitcoin thanks for that
If you want to be successful, you have to take 100% responsibility for everything that you experience in your life. Everything you think, say, and do needs to become intentional and aligned with your highest purpose, your values, and your goals.
" If everybody loves something, it is expensive. It everybody hates something, it is cheap. " Very wise words. Great interview. I love the way he says meditation is one of the most important things in his life. Me too. Very important to everything in life.
I love the jungle analogy. I tried living the ordinary life but then I got cancer and everything changed. I’m in the jungle right now trying to grow my business. Being an independent thinker is the most free there is. It sometimes takes a wake up call to engage it
Ray is one of the wisest, most generous men out there.
@yucansuckadee8930
3 жыл бұрын
So generous, is the book free? His app is whack. I almost followed his plan. I didn't really know who he was. I had, lost, and have more than before. I use to believe money makes you wise and keeps you safe. I was happier and freer in the trailer park. Food Pantries then didn't give you fresh fruit, milk, and meats! Funny, I thought I was suffering. Enraged, powerless, and sad. Made sense in a dumpster. Don't make sense now. No excuse! No rhyme, no reason! Good luck in your investments. Keep grinding! More power to you!
@justbooked9669
3 жыл бұрын
You're everywhere Casey, from Fruitful Investor (Real Estate), Chandler David Smith (Real Estate) haha.. Keep going. Knowledge is power.
Man's biggest adversary is having emotions, yet without it we would never achieve anything.
Awww the way he spoke of the wife . God bless you
I'm an Independent Latino. 1:27 I believe, hope, wish and pray for a man like this that speaks highly of his wife. I am a Total Package. Amen.
Ray Dalio and Lewis Howes are my favorite. I also love anything Lewis Howes does. I am so happy his subscription is growing and that he is getting the word out. I love him! I would love to meet him at another event soon.
@mariefrancis8109
3 жыл бұрын
I can recommend you to a Powerful man who can help you out Manifest anything that you want in 24hr
@sanjaypaul9159
3 жыл бұрын
@@mariefrancis8109 Tell me more!
I love Ray; He’s changed my life with his principles and teaching ability.
Mature man when you can communicate without fighting killing and poking each other's eyes out. Amen to maturity.
@l-kay7855
3 жыл бұрын
What the fuck kind of men do you hang around lol
Disagreements help us to double check ourselves. A smart person may not know everything but have the art of recognizing the right answers when they hear it.
@mariefrancis8109
3 жыл бұрын
Oh don't worry much my dear
@mariefrancis8109
3 жыл бұрын
I can recommend you to a Powerful man who can help you out
I’m so happy I owe his book. I could listen to his wisdom all day and I try to live by his great advise. Thanks Ray for helping us be more ambitious, wise and use pain to reflect!
@OzroHepworth
3 жыл бұрын
Since you appreciate Ray's wisdom, you might want to check out this video by Wesley Virgin. It's about how he went from being in prison to making missions. Give it a watch... ozrohepworth.com/genie2
Great interview, great lesson learnt from the speaker. Thanks for the honesty and humility
Lately, anytime I listen to another School of Greatness interview, I think it was “the best” interview I’ve heard. Over and over, these are SUCH informative and helpful interviews. Thank you Lewis Howes & School of Greatness!
@lewishowes
2 жыл бұрын
Thank you so much! Your comment made my day 😊
This is hands down the best Interview I have watched in terms of practical wisdom.....
Lewis super moved; by the end they looked like family, so bonded. Very touching. This was a fabulous session with something for anyone who is moderately alert, and more for someone really in attendance. Go Lewis. 🌿 `
You can spot a fool when you see that pain makes them bitter and sharp tongued - You can spot a wise person when pain makes them humble and gracious with their words.
Thank you so much for your channel you are such a great interviewer and for being authentic
Thank you so much Lewis for the platform for everyone to have access to great knowledge to learn and model.
Appreciate the 'SCHOOL OF GREATNESS ' Master Teacher, THANK YOU!
Wow at 38:00 he gets into politics and deep wisdom! Truth. 48:00 Ray corrected him- it's not just MINDSET- and i believe in mindset. Ray said "there are big differences in opportunities." Thank you. So he equalized the opportunity in explaining his success principals thereafter. "Disagreement should be a comfortable thing, that prompts curiosity and mutual respect..." wish our political discourse could be this mature. Such wisdom.
Ray is a kind and wise man. Thank you for the interview!
@hossanshadi3193
3 жыл бұрын
@Lolita, you would need a good broker to give you that passive income, to make you a Bitcoin Millionaire.
@OzroHepworth
3 жыл бұрын
You might want to check out this video by Wesley Virgin. It's about how he went from being in prison to making missions. Give it a watch... ozrohepworth.com/genie2
Thanks for this Very good with Ray Dalio , always pleasure to hear him speak & his wisdoms .
Lewis...You can awkwardly hug me any day! That you so much for bringing into my life these people who are as amazing as they are beautiful! I wish you health, happiness and love!
Pain and Pleasure great teachers. Ray Dalio very giving in his knowledge. Excellent book. Never stop learning.
@mariefrancis8109
3 жыл бұрын
I can recommend you to a Powerful man who can help you out Manifest
@ryandixon5012
3 жыл бұрын
I love that! So true!
I can't thank you enough, Lewis + Ray! Let's continue to motivate and inspire others to be the best they can be!
@dyanadumar2500
3 жыл бұрын
oooikkooo
@dyanadumar2500
3 жыл бұрын
kkkok
@dyanadumar2500
3 жыл бұрын
kkkkko
@garykaplan7611
3 жыл бұрын
I found Lewis super annoying - - his non-stop smirk seems mindless.
Very Sorry Ray to hear of your loss.❤️🙏
Really Enjoyed this Discussion! Brilliant! thank you Both so Much!
Mr Dalio, Thanks for sharing your vibrant testimony ! Very encouraging ! God bless you Guys ! !!
I come from a poor family in Africa, made my way to California, a single mom. My family is not interested in learning. I tried helping them. That's the problem with some people, they just expect the government to give them money, or they hope for a quick money rich way, which leads them to scams, and they do not learn from them.
@musiimenta2004
Жыл бұрын
Point 😊
Hi, Ray: thanks for sharing...actually, it takes a lot of humility to be able to accept others' disagreements even though we understand disagreement is a good thing. I salute you for your ability to accept the disagreement and to arouse your curiosity instead of resentments or anger...
Dude, it is amazing you get access to these guys. That's what I need to learn how to do.
@mariefrancis8109
3 жыл бұрын
I can recommend you to a Powerful man who can help you out Manifest anything that you want in 24hr
One of the best interview amazing knowledge to do the right things!!! Thank you 🙏🙏🙏
This was a great interview - the greatest minds have the need to serve others when they really dont have to their compassion is what makes them successful a lot of respect for you both. Thanks Lewis you're inspring me to do great things. #MambaMentality
Self Actualization- The top of the pyramid of Maslow's Hierarchy of Human Needs. Still rings true after all these years to our present day. Lewis, The School of Greatness is one of the most important content pieces that I share with others as often as possible. Thank You for curating the light of knowledge for so many!
Thank you so much for your wonderful info, I'm coping starting a new life style so all this info helps me function and inspires me to keep focus on my goals!!!
It’s all about the understanding people. Knowing who knows who. We all have good respect. And we should use it
Thanks Lewis. Every day i see a new class and every day i understand it more. pd. Impact me your emotion at last.
Great Interview. Keep doing what you’re truly PASSIONATE ABOUT 💯
Lewis on point with great questions. Ray full of great wisdom. Equals a great interview.
Ray Dalio is such down-to-earth man! His advice is just priceless, not to mention his personal life experiences!
@lewishowes
Жыл бұрын
🙌
@kshetrimayumchetan5106
Жыл бұрын
@@lewishowes thanks bro Love and support from india
That intro is awesome! and so true, don't hold yourself back people!
I really like the questions you asked Lewis!👍 and the topics of course! I just subscribed to your channel.
@lewishowes
3 жыл бұрын
Thank you, Iris!!
Truly I'm so grateful for you both. This is a wise man. And you are doing great things. Hearing this gives me hope. Although we really might see a change in world order in our lives. I'm 31 years old now. Having the opportunity to learn from people like you both and many more gives me the confidence to trust in my own abilities no matter what is happening in the world !
@lewishowes
2 жыл бұрын
🧡
Wao this is awesome sr, all of these successful people are my mentors. We are in the easiest stage to be ricj
Reading his book right now. He has a wealth of knowledge.
@juliangomezcastro3332
3 жыл бұрын
God bless all of you we got this,u are doing a great job
Amazing. I wish I had that too. I’m literally in tears , this is powerful this is.
@OzroHepworth
3 жыл бұрын
Agreed. I think you will also like this video. It's about manifesting your dream life. Give it a watch... ozrohepworth.com/genie2
Pain+reflection = progress.. wow definitely the phase i am in right... Needed that nudge. Great 2 individual
This is arguably the best episode yet!
Yes Lewis! Always with the right people and the right messages 😊😊🙌🏼🙌🏼💥💥
amazing interview all around. looking forward to more
6:56 Fear of being wrong without losing audacity
Lewis asks the best questions plus he's super cute, thank u Lewis.
That’s interview is outclassed. GOAT
Great content bro, and great interview. Appreciate you.
Found Ray through Tony Robbins book Money. amazing inspiration and motivation. immense depth of thoughts and philosophies.
@philipswain4122
3 жыл бұрын
Well said.
What a great interview... Thanks so much for posting 👍
great questions - deep and open
I love his sense of simplicity and practicality
In my opinion he is so on point with his observations and conclusions. I love this guy. I thank him for sharing his reality
I am impress how he discussed his lifestyle and overcomeing is so cool
@OzroHepworth
3 жыл бұрын
Yeah, stories about overcoming challenging times are inspiring. I think you will like this video as well. It's by Wesley Virgin. He went from being in prison to making missions. Give it a watch... ozrohepworth.com/genie2
Great questions and answers thanks 😊
Excellent interview. I love Ray Dalio!
Amazing and life changing indeed!
This was an excellent interview
Love this interview! Thanks so much for sharing, Lewis! ❤️
@lewishowes
3 жыл бұрын
You are welcome, Thao!
Great interview from a great man
Great interview!
Ray really gets it. If we had more people like him in power, we could solve a lot of problems.
@OzroHepworth
3 жыл бұрын
Ray definitely gets it. Here's another guy who gets it - Wesley Virgin. His video is about how he went from being in prison to making missions. Give it a watch... ozrohepworth.com/genie2
THANK YOU FOR THE TIP
You are the best person bcoz of you I'm able to listen Ray dalio seating in rural areas of India thanks
I really enjoyed that.....Humility and reason are proactive
This interview gave me goosebumps if this man can rally the rich and the poor and the middle class to work together To overthrow the bull that is destroying this world we live in Utopia I will be the best version of me to make this world a better place when My time comes
Wow! Watching this video went by so fast. Great content!
Great interview I will read his book wise man.
Giving is happier than receiving...you will get more joy to give and share than to keep it...the ones who give are the ones who will get the most joy
Amazing wisdom 🤝
What a great interview, thank you.
@OzroHepworth
3 жыл бұрын
Since you enjoyed this interview, you should check out this video by Wesley Virgin. It's about how he went from being in prison to making missions. Give it a watch... ozrohepworth.com/genie2
THANK YOU SO MUCH for bringing the greatest financial man and the best school in life and success, I love RAY
Ray takes his time to talk and that was understood by interviewer... Great interview
I truly love and respect your vision and understanding of the future. I’ve come to the unfortunate conclusion that the only option is VR learning. I know it isn’t traditional but I just took my kids on an African lion safari and taught them reading and righting in a few hours 😱
From the uk what an incredible person ray dalio is
Wow what a life changing interview! Lewis you have no idea what a huge impact you have on the world. You are so talented, humble and always ask the best questions to help us the audience, the layman, get insight into the greatest minds. Incredible work - thank you so much 💓
"Mutual Respect" is the only way to go forward...........
A lot of insights. Thanks.
man, this guy is a legend!
Just amazing, l love the honesty and quality of the questions and answer’s. 2 gentlemen having a chat about life. Thoroughly enjoyable a MASSIVE Thank You.❤️ stay safe.
@lewishowes
Жыл бұрын
You're welcome,thank you for being here 🧡
LH has fascinating ppl on his channel, I love his way of interviewing and it seems the ppl he has Love being interviewed by him. Thank You Sirs🙏🏽🤙🏽
@lewishowes
2 жыл бұрын
So happy you are enjoying the content. I would love for you to subscribe and leave me a review here: podcasts.apple.com/us/podcast/id596047499
this is a great interview..good questions
I've listened to maybe 50 interviews of him, and you ask the best questions!
@fredwinslow744
3 жыл бұрын
I think bec bec everyone asks current financial questions to him
Ray Dalio is a national treasure. ❤️
@Sam-ne9ns
3 жыл бұрын
certified criminal in an angel dress.
I agree with Ray that we need to help people to appreciate delayed gratification and money management: teach people how to fish than to give them the fish. This is what the government should focus on doing to lower the gap between the poor and the rich
Brilliant!