Ray Dalio

speaker

737 appearances 1 recordings 1 series first heard Jul 2026 last heard 17 Jul

Ray Dalio’s voice in public audio — every appearance, attributed to the second.

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Recordings per month over the last 12 months — 1 in all, peaking in Jul 2026 with 1.

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My First Million · Ray Dalio: The principles that made me a billionaire · 17 Jul 2026 podcast

Every time I would make a decision, I would go back and study if I made that decision in these circumstances, how would it have worked in the past?

and I would know the track record of that decision.

And that would give me also greater understanding of how things work.

And so then I would have a decision rule, and then I would program it into the market, into the computer.

And when this thing come along, then I started to realize, okay, now I've got criteria.

So rather than just the one that I would see, I would say in the computer,

dumped in all of them, and where do they exist anywhere in the world?

And so give me one good decision rule that wherever it happens in the world, that I have a track record of knowing how those work.

And wherever it is in the world, you bring me that.

And then make a collection of those kinds of things and make them uncorrelated so it provides your diversification.

And so now you're executing a game plan.

So like I have rules that it should be timeless and universal.

Because if it didn't work in a long period of time, I would need to understand why it didn't work then and would work now.

So that's how I would build, you know, that's how I did build game plans and execute the game plans.

It was like I'm on the edge of...

a jungle, I could go stay out of the jungle and I can go to safety and have a safe life employed

regular job, great, okay.

Or I could go into the jungle and try to work across, get through the jungle, have all the things that can kill me.

And I made a choice of what I wanted in life.

I mean, like I have to have this great upside.

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