Ray Dalio
👤 PersonAppearances Over Time
Podcast Appearances
That's right. Every painful experience is a learning lesson. Yes.
That's right. Every painful experience is a learning lesson. Yes.
That's right. Every painful experience is a learning lesson. Yes.
There's an amount of money that is good. What's that amount? Look, why money? Why money has to do with, is money something that brings your family security? It's freedom, freedom of choice. It's power to do the things you want to. You can have a dream and you can build it out. Money brings you all of that. It can bring you health. It can bring you many, many wonderful things, okay?
There's an amount of money that is good. What's that amount? Look, why money? Why money has to do with, is money something that brings your family security? It's freedom, freedom of choice. It's power to do the things you want to. You can have a dream and you can build it out. Money brings you all of that. It can bring you health. It can bring you many, many wonderful things, okay?
There's an amount of money that is good. What's that amount? Look, why money? Why money has to do with, is money something that brings your family security? It's freedom, freedom of choice. It's power to do the things you want to. You can have a dream and you can build it out. Money brings you all of that. It can bring you health. It can bring you many, many wonderful things, okay?
As it starts to be status or showing things off, insecurity, feeding it, that's not healthy. I believe that's not healthy. And I think people can get hung up on that. In my view, I think people really have to make sure it's not a reflection of an unhealthy state of mind or an unhealthy pursuit as much as it is the security, the freedom, and then the ability to savor things.
As it starts to be status or showing things off, insecurity, feeding it, that's not healthy. I believe that's not healthy. And I think people can get hung up on that. In my view, I think people really have to make sure it's not a reflection of an unhealthy state of mind or an unhealthy pursuit as much as it is the security, the freedom, and then the ability to savor things.
As it starts to be status or showing things off, insecurity, feeding it, that's not healthy. I believe that's not healthy. And I think people can get hung up on that. In my view, I think people really have to make sure it's not a reflection of an unhealthy state of mind or an unhealthy pursuit as much as it is the security, the freedom, and then the ability to savor things.
That's my own view about money. I'm into philanthropy. It gives me the power to be able to help and do things. These are wonderful things. So I'm not knocking money. It's a great, great, great thing. OK, but really, what is most fundamental? If you look at surveys done across countries of well-being, happiness. The happiest societies are not the rich societies.
That's my own view about money. I'm into philanthropy. It gives me the power to be able to help and do things. These are wonderful things. So I'm not knocking money. It's a great, great, great thing. OK, but really, what is most fundamental? If you look at surveys done across countries of well-being, happiness. The happiest societies are not the rich societies.
That's my own view about money. I'm into philanthropy. It gives me the power to be able to help and do things. These are wonderful things. So I'm not knocking money. It's a great, great, great thing. OK, but really, what is most fundamental? If you look at surveys done across countries of well-being, happiness. The happiest societies are not the rich societies.
Pass the basic level of income so that you don't have poverty and all the pain that comes from absence of money. The greatest source of happiness in life across societies is community. Do you have a sense of community? People care about you, you care about them, you have fun together. These are the sources of well-being. They're even the source of health.
Pass the basic level of income so that you don't have poverty and all the pain that comes from absence of money. The greatest source of happiness in life across societies is community. Do you have a sense of community? People care about you, you care about them, you have fun together. These are the sources of well-being. They're even the source of health.
Pass the basic level of income so that you don't have poverty and all the pain that comes from absence of money. The greatest source of happiness in life across societies is community. Do you have a sense of community? People care about you, you care about them, you have fun together. These are the sources of well-being. They're even the source of health.
So that's what it looks like from my perspective of having the benefit of having no money and then having an enormous amount of money. And I fortunately did it in the right order from nothing up rather than from up down. But I've had the whole range. And I really believe that what I'm saying is true. And I've gotten to meet all different kinds of people around the world.
So that's what it looks like from my perspective of having the benefit of having no money and then having an enormous amount of money. And I fortunately did it in the right order from nothing up rather than from up down. But I've had the whole range. And I really believe that what I'm saying is true. And I've gotten to meet all different kinds of people around the world.
So that's what it looks like from my perspective of having the benefit of having no money and then having an enormous amount of money. And I fortunately did it in the right order from nothing up rather than from up down. But I've had the whole range. And I really believe that what I'm saying is true. And I've gotten to meet all different kinds of people around the world.
That's my perspective on money, which is also a perspective of success. So for me, success is having meaningful work and meaningful relationships that are truthful.
That's my perspective on money, which is also a perspective of success. So for me, success is having meaningful work and meaningful relationships that are truthful.