Ray Dalio & Bill Belichick on Building Great Teams

Since I released my book Principles: Life & Work, several remarkably successful people from all walks of life contacted me telling me that they used basically the same principles across domains and asked me if I would brainstorm with them about principles for success. This led to my having incredibly interesting and valuable conversations that I want to pass along to you so you can get the best possible principles for success.
This first conversation is with one of the greatest football coaches and team builders in history, Bill Belichick, who just earned his 300th career win. After he read Principles he called me and said, “Mine are remarkably similar. Can we chat?” I asked him if we could record it for others to hear and he said sure, so here you go. We sat down before the start of this season to talk about building great teams and how failure is the most valuable part of the path to achieving great success, which is especially interesting as this season has been a challenging one so far. Our long conversation was edited down to a 45-minute piece, which I also broke up into short clips that I will pass along separately.
Get the book, Principles: Life & Work, here: amzn.to/2JMewHb
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Key Sections:
00:00 Introduction
01:59 Going From Nothing to Something Big
05:10 Tough Love
09:42 Learning from Failure
12:31 Picking People
16:39 Identifying and Addressing Mistakes
20:53 The Art of Giving Feedback
25:49 Dealing with Arrogant Players
27:08 Having Great Relationships
33:53 The Psychology of the Team
35:00 Toughness
39:07 Bill’s Most Important Principles for Success
42:54 Learning and Development
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More on Ray Dalio:
Ray Dalio is the founder and CIO Mentor of Bridgewater Associates, the largest hedge fund in the world. He is the author of #1 New York Times Bestseller and #1 Amazon Business Book of the Year, Principles. Dalio has appeared on the Time 100 list of the most influential people in the world as well as the Bloomberg Markets list of the 50 most influential people. He lives with his family in Connecticut.
Principles from this conversation:
04:03: Write down your Principles
04:48: Accept coaching and take positive action
07:14: Strengthen your weakness to compete
07:54: Avoid the personal at all costs
09:38: If you don’t address your weaknesses, your opponents will
10:34: Pain + Reflection = Progress
10:55: Job security is based on performance
12:17: It’s either the pain of preparation or the pain of failure
12:31: Picking People
13:10: Define the role clearly and “hear the click"
13:57: Treat people the same on the way out as you did on the way in
14:38: Have clear specifications
15:25: If you know what somebody is like, you know what you can expect from them
15:32: Know what can improve through training and what can’t
17:47: Ask: Who should do what differently?
18:03: Diagnose your mistakes to get at the root cause
18:44: Play to your strengths and protect your weaknesses
20:11: Willingness to own mistakes is a key marker of success
21:38: If you don’t address the issue, you’ll have confusion about the problem
23:41: Great leaders welcome criticism
24:59: Put your compliments and criticisms in perspective
28:34: Be generous and expect generosity from others
29:19: Know where the line is and be on the far side of fair
31:14: Cultivate meaningful work and meaningful relationships
32:45: Learning goes both ways
34:30: Prioritize execution
39:20: Do your job, work hard, pay attention to details & put the team first
39:33: Put the mission first
40:35: Ignore the noise
40:50: Focus on your performance
42:04: Focus on the important relationships
43:19: There’s no substitute for hard work
43:43: Leadership is doing your job and putting the team first
----------------------------------------
For more from Ray Dalio:
Principles | #1 New York Times Bestseller: amzn.to/2JMewHb
Principles | Your Guided Journal: www.amazon.com/Principles-You...
Principles for Success, distills Principles into an easy-to-read and entertaining format for readers of all ages: amzn.to/34lgnNJ
Download his free app: principles.app.link/PFS
Connect with him on Facebook: / raydalio
Follow him on Twitter: / raydalio
Follow him on LinkedIn: / raydalio
Follow him on Instagram: / raydalio
Follow him on TikTok: / principlesbyraydalio

Пікірлер: 143

  • @josephtagliente6894
    @josephtagliente68945 ай бұрын

    “If you don’t know where you’re going, any road will take you there.” Great phrase from Coach B.

  • @livinginPantopia

    @livinginPantopia

    5 ай бұрын

    Alice: Would you tell me, please, which way I ought to go from here? The Cheshire Cat: That depends a good deal on where you want to get to. Alice: I don't much care where. The Cheshire Cat: Then it doesn't much matter which way you go. Alice: ...So long as I get somewhere. The Cheshire Cat: Oh, you're sure to do that, if only you walk long enough.

  • @peterenestrom
    @peterenestrom6 ай бұрын

    Two legends of their respective fields having a casual conversation on their fundamental beliefs and principles…what a time we live in

  • @publicspeaker3086
    @publicspeaker30866 ай бұрын

    As a pats fan and a Ray Dalio supporter. This came to me as the delight of the week. LETS GOOOOOOOO!

  • @therealjayz8036

    @therealjayz8036

    6 ай бұрын

    Ray is a legend, Bill is being exposed for the average head coach he really is when he doesn’t have an all time great QB

  • @publicspeaker3086

    @publicspeaker3086

    6 ай бұрын

    That's your opinion and I'm giving you a thumps up for it. That said. Humans tend to judge legends based on the resume they've built@@therealjayz8036. Don't get me wrong I think TB12 had his magic on the Pats. But it would be silly to base all the glory on one nigga and all the blame on the rest of his Team.

  • @KatherineAnderson-lm8bw
    @KatherineAnderson-lm8bw5 ай бұрын

    Managing money is different from accumulating wealth, and the lack of investment education in schools may explain why people struggle to maintain their financial gains. The examples you provided are relevant, and I personally benefited from the market crisis, as I embrace challenging times while others tend to avoid them. Well, at least my advisor does too, jokingly.

  • @user-cr8nd1sy8e

    @user-cr8nd1sy8e

    5 ай бұрын

    Investors should exercise caution with their exposure and exercise caution when considering new investments, particularly during periods of inflation. It is advisable to seek guidance from a professional or trusted advisor in order to navigate this recession and achieve potential high yields.

  • @blessingpaul5484

    @blessingpaul5484

    5 ай бұрын

    This is superb! Information, as a noob it gets quite difficult to handle all of this and staying informed is a major cause, how do you go about this are you a pro investor?

  • @KatherineAnderson-lm8bw

    @KatherineAnderson-lm8bw

    5 ай бұрын

    Through closely monitoring the performance of my portfolio, I have witnessed a remarkable growth of $483k in just the past two quarters. This experience has shed light on why experienced traders are able to generate substantial returns even in lesser-known markets. It is safe to say that this bold decision has been one of the most impactful choices I have made recently.

  • @SophiaBint-wj8wn

    @SophiaBint-wj8wn

    5 ай бұрын

    Wow, that’s stirring! Do you mind connecting me to your advisor please. I desperately need one to diversified my portfolio.

  • @alicebenard5713

    @alicebenard5713

    5 ай бұрын

    I’ve actually been looking into advisors lately, the news I’ve been seeing in the market hasn’t been so encouraging. who’s the person guiding you?

  • @kurtschultz9807
    @kurtschultz98076 ай бұрын

    This is really good. Bill is so smart and such a good teacher. His guidance is not just for sports but also the work world. Really enjoyed this.

  • @WarriorsPhoto

    @WarriorsPhoto

    5 ай бұрын

    Exactly! Bill B is a leader for more than the sports world.

  • @backpackly
    @backpackly6 ай бұрын

    This is a gem of a conversation. Thank you Ray for continuing to help our collective evolution!

  • @Jamminn555
    @Jamminn5556 ай бұрын

    Best conversation on team building and leadership I think I've ever seen. Principles, insights, nuggets, and examples from Ray Dalio & Bill Belichick, two of the world's most successful leaders, with great stories of failure and gray areas as well.

  • @CristofEnsslin
    @CristofEnsslin6 ай бұрын

    Thank you for recording this video. I read Ray's book a couple of years ago - and it completely changed my life. I finally opened up to learning from others! Thank you, Ray Dalio, for writing this book.

  • @TomWang

    @TomWang

    5 ай бұрын

    what was your biggest takeaway?

  • @projectgolio
    @projectgolio6 ай бұрын

    Really fantastic discussion. "Do your job and do what is best for the team". I love how both of these guys have such clarity. I imagine that clarity was both hard-won and totally instrumental in their successes.

  • @Dillygotitbumpin
    @Dillygotitbumpin6 ай бұрын

    I'm so grateful for Ray spreading his knowledge and lessons like this. Great talk, can't wait to see who else he talks with

  • @maiden_america
    @maiden_america6 ай бұрын

    Great conversation. Create the vision and stick to the path on getting there. Be humble & kind, educate yourself & take the time to appreciate the lessons.

  • @scottpalmer5969
    @scottpalmer59696 ай бұрын

    Two legends sharing many pearls of wisdom! Awesome.

  • @WinVault
    @WinVault6 ай бұрын

    Love this def need more conversations like this! 🙏

  • @juanbarberis7192
    @juanbarberis71926 ай бұрын

    Thank you! Thank you! Thank you! Blessings!

  • @tel5690
    @tel56905 ай бұрын

    One of the best conversations ever Coach and Ray Just talking about the road to success

  • @Man_Man410
    @Man_Man410Ай бұрын

    I just learned so much watching this interview.

  • @jamesolsen5818
    @jamesolsen58186 ай бұрын

    Loved this conversation. Hope Ray has some more interviews

  • @realestatejunkie0414
    @realestatejunkie04146 ай бұрын

    The collab I never thought I would ever see on KZread. Before watching it and having studied Bill for a long time, I can tell you what he will say. Important things would be defining the role of every person in the building and not letting them drift outside that role. Do Your Job is defining roles, keeping them accountable, and also not letting middle managers take people out of their defined role.

  • @Legal_Savant
    @Legal_Savant6 ай бұрын

    Bill Belichick: "It's either the pain of preparation or the pain of failure." Nick Saban: "You either suffer the pain of discipline or suffer the pain of disappointment." Two Legends with the same message, which means you should probably take note.

  • @skyline128

    @skyline128

    6 ай бұрын

    and two best friends

  • @linkercasas1004
    @linkercasas10046 ай бұрын

    Two people I highly respect! A great treat to see this! 😎

  • @user-fj5ct2ri2j
    @user-fj5ct2ri2j6 ай бұрын

    Thank you two for letting us sit in and be 'in your room' and convo.......

  • @mikemaresh2417
    @mikemaresh24175 ай бұрын

    This is like hearing General Eisenhower and Henry Ford talk about leadership and strategy. This is awesome!

  • @America1st2029
    @America1st2029Ай бұрын

    Videos like this should have millions of views.

  • @danprado3020
    @danprado30206 ай бұрын

    This is a great piece. Deep to the core of what's involved with growth.

  • @danielgnecco1662
    @danielgnecco16626 ай бұрын

    Let's go! Love this new format. Keep it coming.

  • @patrickmork
    @patrickmork6 ай бұрын

    great discussion. Ray's book is a MUST read for people serious about leadership, management and building companies. regardless of whether you're in corporate or building a startup

  • @Thisisbamidele
    @Thisisbamidele6 ай бұрын

    Fantastic conversation, it's really helpful. Thank you.

  • @kassimligopora4457
    @kassimligopora44574 ай бұрын

    Thank you for recording this video very meaningful and practical 🙏🏾🙏🏾

  • @cyberike
    @cyberike6 ай бұрын

    Ray is having an absolute blast during this interview

  • @yashagar4443
    @yashagar44436 ай бұрын

    Thank you for your lessons sir

  • @mouadtalbi94
    @mouadtalbi946 ай бұрын

    Thank you, right video at the right time 🫡

  • @struongcosmetic1032
    @struongcosmetic10326 ай бұрын

    Thank you.🎉🎉🎉

  • @lupiscask
    @lupiscask6 ай бұрын

    Buenos días RAY. Abrazo fuerte👍🇲🇽🇲🇽

  • @JamrockVybzTV
    @JamrockVybzTV6 ай бұрын

    Awesome conversation. Thank you both!

  • @rogue_luko
    @rogue_luko6 ай бұрын

    Great nuggets of wisdom in this video!

  • @jonquindiagan7625
    @jonquindiagan76256 ай бұрын

    Thanks for sharing

  • @BhanuKorremula
    @BhanuKorremula2 ай бұрын

    When legends talk learn, listen, customize and execute

  • @gatewaypartners8018
    @gatewaypartners80186 ай бұрын

    Brilliant. Stay Generous folks.

  • @tenningale
    @tenningale6 ай бұрын

    As someone who watches Dalio and also Belichick's grunting to the media for entertainment, this is a great crossover. 40:04 is perfect

  • @criticalwealththeory
    @criticalwealththeory6 ай бұрын

    i love all your youtube diagram videos..

  • @antoan.s
    @antoan.s6 ай бұрын

    "Do unto others as you would have them do unto you"

  • @darrengagliardi1540
    @darrengagliardi15406 ай бұрын

    What a remarkable discussion. Also, the most open I’ve ever seen Belichick.

  • @Ksp0626
    @Ksp06266 ай бұрын

    Wow this is legendary

  • @user-cv9gy4rd7t
    @user-cv9gy4rd7t5 ай бұрын

    太专业了!

  • @rohitdas475
    @rohitdas475Ай бұрын

    Learnings for lifetime...

  • @carolyndean2095
    @carolyndean20956 ай бұрын

    Thanks again for your work. As a professional leadership and team coach of 34 years (and an amateur trader!) I’d be really interested to know your thoughts on dealing with people’s relationship to power which I think is associated with the discussion with Bill about dealing with arrogance. Other principles do attend to the propensity towards the arrogance, lack of generosity, lack of listening, utter belief in one’s view to the exclusion of others a person can slip into when they are successful but I was wondering if you have any thoughts on having a healthy relationship to power specifically.

  • @cleopaskavita8960
    @cleopaskavita89606 ай бұрын

    Great Insight

  • @RobJones-zx2jp
    @RobJones-zx2jp6 ай бұрын

    There are only 3 ways to treat a person, whether on a team or in an organization. You can pat them on the back - “well done!”. You can kick him in the ass-“What are you doing? You can do better!”And three you can leave them alone. A great leader knows how to treat a person in that moment those three ways or combination therof and it’s an art.

  • @de1738
    @de17386 ай бұрын

    Ray, Bill🎉

  • @fredyfbaby
    @fredyfbaby6 ай бұрын

    The two 🐐🐐

  • @jeanmarkbadibanga8689
    @jeanmarkbadibanga86895 ай бұрын

    Great discussion

  • @justadudeintheworldman.120
    @justadudeintheworldman.1206 ай бұрын

    Please hook Bill up with your publisher & begin a Principles like book for Bill. Would be a bestseller no doubt

  • @America1st2029
    @America1st2029Ай бұрын

    12:49 Identify the right people who will fit in your culture and program because it is very hard to fundamentally change people if they don’t have the qualities that you are looking for. 💯

  • @pathfollowed
    @pathfollowed6 ай бұрын

    Great conversation! After creating PathFollowed I came across the book Principles, and it was extremely helpful. At PathFollowed I talk about the importance of principles in the leadership domain and specifically how they help you make decisions. Bill stated it best when he said your book put into words some of the same principles I already live by.

  • @Home_Inspector
    @Home_Inspector6 ай бұрын

    This book and Arnold Schwarzenegger's book "Be Useful" are my companions

  • @bestofyoutubecomedy5666
    @bestofyoutubecomedy56666 ай бұрын

    Awesome

  • @charlestumazos3439
    @charlestumazos3439Ай бұрын

    The way Ray Dalio vibes with Bill Bellichek, I know I would have vibed with Al Davis. His philosiphies and how he embodied them are very similar to me.

  • @rdmaker3
    @rdmaker35 ай бұрын

    Hello, Ray! I am curious about the meaningful relationship you mentioned. Then, what is the meaningful life like?

  • @FlipzFlip
    @FlipzFlip6 ай бұрын

    Thank you for posting this. Why cut the audio immediately after asking questions? A few answers were skipped and then the video was cut to a new topic. E.g at the end of the video.

  • @user-nm2ew1sq6j
    @user-nm2ew1sq6j5 ай бұрын

    厉害的家伙

  • @navleekha9168
    @navleekha91686 ай бұрын

    Make more of content like principles your guided journal. More videos on upcoming world scenarios. As you are the one who’ll provide data along. Navigate 2030

  • @justadudeintheworldman.120
    @justadudeintheworldman.1206 ай бұрын

    This was great, currently reading Belichick by Ian O’Connor

  • @dharrison9221

    @dharrison9221

    6 ай бұрын

    Great book!

  • @kargulman
    @kargulman2 ай бұрын

  • @PaulTrippy-bj8ho
    @PaulTrippy-bj8ho4 ай бұрын

    Ray Dalio [aries] , Bill Belichick [leo] , super compatitable

  • @krisw1977
    @krisw19776 ай бұрын

    How does one bring the team together especially when on different pay scales or the team members believe they are not paid fairly.

  • @joshuakessler8346
    @joshuakessler83466 ай бұрын

    The Secret is to have Tom Brady as your QB

  • @thefinancevulture3682

    @thefinancevulture3682

    6 ай бұрын

    who drafted tom brady?

  • @aldoobregon1243
    @aldoobregon12436 ай бұрын

    Ray, on your most recent book you mentioned you were working on you next book already “principles for economics and investments”, just wanted to know when can we expect ir to be published? I think many of us are looking forward to it

  • @principlesbyraydalio

    @principlesbyraydalio

    5 ай бұрын

    It probably won’t be out for another year or so as I’m deeply involved in other research that I will pass along to you.

  • @erichsen07
    @erichsen076 ай бұрын

    one suggestion : improve the audio quality for your next content, maybe put mic nearby the speakers :)

  • @josephtagliente6894
    @josephtagliente68945 ай бұрын

    Belichick’s Principles for Success: 1. Do your job 2. Work hard 3. Pay attention to details 4. Put the team first

  • @user-np4bb9ir7i
    @user-np4bb9ir7i5 ай бұрын

    对谈高手

  • @thelastbison2241
    @thelastbison22416 ай бұрын

    More interviews please.

  • @herbertli9603
    @herbertli96036 ай бұрын

    Someone please tell me when did they mention Tom Brady in this video

  • @butterylight
    @butterylight6 ай бұрын

    Great content, but for two legends, I would expect better audio-video quality. Poor audio levels, jump cuts, and footage look desaturated.

  • @sahilpawaskar5512
    @sahilpawaskar55126 ай бұрын

    👍👍👍👍

  • @ivandeee
    @ivandeee6 ай бұрын

    Thank you for the interview. Ray, what do you think about luck? There are a lot of hard working, educated people with principles and they just don't make it.

  • @WallStreetPirate
    @WallStreetPirate6 ай бұрын

    Ray, the great narrator, eh (?) 😀

  • @mtheory1999
    @mtheory19995 ай бұрын

    🤯🤯🤯

  • @Victory1507ci
    @Victory1507ciАй бұрын

    BB should be coaching in Dallas or Buffalo. If they go 0-2 or 0-3; watch out!

  • @andrewcreech8158
    @andrewcreech81586 ай бұрын

    Make this louder please

  • @sunnykhan5920
    @sunnykhan59206 ай бұрын

    Gallup will argue that you don’t “strengthen your weaknesses” but actually “manage your weaknesses”. You should strengthen your strengths :)

  • @user-zl1xr7iq1o
    @user-zl1xr7iq1o5 ай бұрын

    都市回来了!

  • @Okwegeddit
    @Okwegeddit6 ай бұрын

    “Bellichik can’t throw the ball I can’t coach” Tom Brady

  • @Barubindc
    @Barubindc2 ай бұрын

    The audio is off

  • @peterthrasher3519
    @peterthrasher35196 ай бұрын

    Bill Belichick is 77-79 outside of the Brady years. I’ll just leave this right here.

  • @user-jc1mm2ec8u
    @user-jc1mm2ec8u5 ай бұрын

    姐妹回来了!

  • @YouTubeChannel-wc8ip

    @YouTubeChannel-wc8ip

    2 ай бұрын

    What do you mean ?

  • @fernandovergara3119
    @fernandovergara31196 ай бұрын

    Hombre saber quién más fuerte calpedo espieza

  • @justadudeintheworldman.120
    @justadudeintheworldman.1206 ай бұрын

    Get Nick Saban next

  • @peterfitzentite6581
    @peterfitzentite65816 ай бұрын

    You need to have TB12 on your team.

  • @MekonenMeteor123
    @MekonenMeteor1236 ай бұрын

    I didn’t know Bill Belichick had emotions

  • @mithunmodnol6975
    @mithunmodnol69756 ай бұрын

    Mithunmobnol

  • @peachleafwillow607
    @peachleafwillow6076 ай бұрын

    Wait hold on here, what's Bill's record again without Brady??

  • @MegaJw99
    @MegaJw996 ай бұрын

    disappointingly never asked cheat-codes and swindling techniques The Pats employed

  • @John-sh6sr
    @John-sh6sr6 ай бұрын

    The correct answer to all this is to have Tom Brady, THE GOAT on your team - Bill acts like he actually did something (but he did not)

  • @julianbrown9338

    @julianbrown9338

    6 ай бұрын

    Who drafted Tom Brady ya dingbat? Leadership and greatness isn't just about your own capabilities but being able to recognize them in others.

  • @stephenwilson9480

    @stephenwilson9480

    6 ай бұрын

    I've never understood why people keep saying bill would be nothing without Brady. Who built them teams. Plus it was the whole team that won Superbowls not just Tom brady

  • @andreasdwiputra8818

    @andreasdwiputra8818

    5 ай бұрын

    Brady always have to carried Belichick inferior team, look at his 11 yrs record wo brady@@stephenwilson9480

  • @millerrh2
    @millerrh26 ай бұрын

    Hey Bill- you should re-read the book, your team is terrible this year

  • @c.w.pritchard7685
    @c.w.pritchard76856 ай бұрын

    TWINS... separated at birth?

  • @Tex_155
    @Tex_1556 ай бұрын

    Step 1: have the greatest QB of all time on your team. Step 2: Watch greatest QB of all time win superbowls Step 3: give interviews as an authority on building great teams.

  • @thefinancevulture3682

    @thefinancevulture3682

    6 ай бұрын

    you win as a team and lose as a team.

  • @julianbrown9338

    @julianbrown9338

    6 ай бұрын

    Before step 1, have the skillset and knowledge to draft Tom Brady. You cynics are ridiculous.

  • @Tex_155

    @Tex_155

    6 ай бұрын

    @@julianbrown9338 ah yes, the foresight to know that you were about to draft the best QB ever and yet to also know you could wait until the 199th pick to do so. Genius! Then to follow that up with mediocre (at best) draft classes ever since- 5D Chess of team building. Having a losing record before Brady - all those losses led to that genius 199th pick that had nothing to do with luck. Having a losing record after Brady? Obviously a genius long term master plan for the best team builder of our life time.

  • @skyline128

    @skyline128

    6 ай бұрын

    he seems to be always be around great players. won two superbowls with lawrence taylor, maybe coaching great players makes them even greater huh?

  • @thefinancevulture3682

    @thefinancevulture3682

    6 ай бұрын

    when you read manager's books, good managers attract good workers and are good at putting teams together. the one-minute manager, Peter Teils 0-1 Ray Dalio's principles, all talk about this. a good manager will be able to identify and put together a great team. i do think that a team wins because of the team rather than a player. It's why I think ultimately the Warriors beat Labron James more times in the finals. Labron is a alltime MVP. But he lost to a team of really great players who worked well together as a team.

  • @ultimatevictory9900
    @ultimatevictory99006 ай бұрын

    Answer: Get the greatest football player of all time.

  • @skyline128

    @skyline128

    6 ай бұрын

    which one? he's had two on two different teams

  • @abi2132
    @abi21326 ай бұрын

    #sans #women ? #dismiss #year2023

  • @Regularguy1798
    @Regularguy17986 ай бұрын

    Bellìchick - how about not screaming up and loosing the GOAT Tom Brady???

  • @michaeltracey5691

    @michaeltracey5691

    6 ай бұрын

    Your spelling and grammar is representative of your thinking - hopeless. Bill basically orchestrated the first three super bowls without too much of Tom playing his eventual superstar role. Educate yourself, brother! 😎🙏🏼✌🏼

  • @owen6820
    @owen6820Ай бұрын

    Bill never ceases to amaze me in how boring he is