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Ray Dalio

👤 Speaker
2928 total appearances

Appearances Over Time

Podcast Appearances

Tom Bilyeu's Impact Theory
Why the U.S. Can’t Repay Its Debt, What Comes Next, and How to Prepare | Ray Dalio - PT 2 (Fan Fave)

And we know what the ego barrier is, like I gotta be right, or whatever it is, or I'm not good at this.

Tom Bilyeu's Impact Theory
Why the U.S. Can’t Repay Its Debt, What Comes Next, and How to Prepare | Ray Dalio - PT 2 (Fan Fave)

The blind spot barrier is the realization that people actually see things different.

Tom Bilyeu's Impact Theory
Why the U.S. Can’t Repay Its Debt, What Comes Next, and How to Prepare | Ray Dalio - PT 2 (Fan Fave)

They see different things.

Tom Bilyeu's Impact Theory
Why the U.S. Can’t Repay Its Debt, What Comes Next, and How to Prepare | Ray Dalio - PT 2 (Fan Fave)

Like somebody will see the big picture, somebody will see the detail.

Tom Bilyeu's Impact Theory
Why the U.S. Can’t Repay Its Debt, What Comes Next, and How to Prepare | Ray Dalio - PT 2 (Fan Fave)

They'll focus on different things, almost like a color spectrum type of thing.

Tom Bilyeu's Impact Theory
Why the U.S. Can’t Repay Its Debt, What Comes Next, and How to Prepare | Ray Dalio - PT 2 (Fan Fave)

And if you realize that you will see a part of that spectrum and other people will see the other part of the spectrum, and so that you really need to, when you go above yourself, you really need to orchestrate all those ways of seeing.

Tom Bilyeu's Impact Theory
Why the U.S. Can’t Repay Its Debt, What Comes Next, and How to Prepare | Ray Dalio - PT 2 (Fan Fave)

Because you are not just one of those people that's gotta do it yourself.

Tom Bilyeu's Impact Theory
Why the U.S. Can’t Repay Its Debt, What Comes Next, and How to Prepare | Ray Dalio - PT 2 (Fan Fave)

Your way of being the success is to go above it and be the orchestrator and know what you're good at and what you're not good at.

Tom Bilyeu's Impact Theory
Why the U.S. Can’t Repay Its Debt, What Comes Next, and How to Prepare | Ray Dalio - PT 2 (Fan Fave)

So it's almost like if you want your life to be successful,

Tom Bilyeu's Impact Theory
Why the U.S. Can’t Repay Its Debt, What Comes Next, and How to Prepare | Ray Dalio - PT 2 (Fan Fave)

you will not let yourself do certain things because you're just no good at them.

Tom Bilyeu's Impact Theory
Why the U.S. Can’t Repay Its Debt, What Comes Next, and How to Prepare | Ray Dalio - PT 2 (Fan Fave)

Once you get that picture down, then you can find the paths wherever the paths are.

Tom Bilyeu's Impact Theory
Why the U.S. Can’t Repay Its Debt, What Comes Next, and How to Prepare | Ray Dalio - PT 2 (Fan Fave)

You're open-minded because now you've given up your ego barrier and your blind spot barrier.

Tom Bilyeu's Impact Theory
Why the U.S. Can’t Repay Its Debt, What Comes Next, and How to Prepare | Ray Dalio - PT 2 (Fan Fave)

So your particular case just was another one of those.

Tom Bilyeu's Impact Theory
Why the U.S. Can’t Repay Its Debt, What Comes Next, and How to Prepare | Ray Dalio - PT 2 (Fan Fave)

Everything, the way is another one of those.

Tom Bilyeu's Impact Theory
Why the U.S. Can’t Repay Its Debt, What Comes Next, and How to Prepare | Ray Dalio - PT 2 (Fan Fave)

And so that's how you could, if I can get people to think, I want to convey what that means.

Tom Bilyeu's Impact Theory
Why the U.S. Can’t Repay Its Debt, What Comes Next, and How to Prepare | Ray Dalio - PT 2 (Fan Fave)

And then I want to then understand how to think at the principle level, because then life becomes so much easier, because if you have the principle.

Tom Bilyeu's Impact Theory
Why the U.S. Can’t Repay Its Debt, What Comes Next, and How to Prepare | Ray Dalio - PT 2 (Fan Fave)

And what I mean by that is like you could look at all the things that are coming at you

Tom Bilyeu's Impact Theory
Why the U.S. Can’t Repay Its Debt, What Comes Next, and How to Prepare | Ray Dalio - PT 2 (Fan Fave)

and they're just the things coming at you.

Tom Bilyeu's Impact Theory
Why the U.S. Can’t Repay Its Debt, What Comes Next, and How to Prepare | Ray Dalio - PT 2 (Fan Fave)

If you instead think of each thing as being like a type of species, think of that as like an animal species or something.

Tom Bilyeu's Impact Theory
Why the U.S. Can’t Repay Its Debt, What Comes Next, and How to Prepare | Ray Dalio - PT 2 (Fan Fave)

Okay, what one of those is it?