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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)

In one way or another, you have to find out how you're going to make decisions.

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)

There are going to be agreements and disagreements, and you have to have the art of thoughtful disagreement.

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)

Now, people find their domains differently.

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)

Maybe somebody says, okay, I'll take care of these things, and you take care of that.

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)

I don't know, some people, you know, the traditional household might say, okay, I'll take care of making the money out, and the man goes out and he makes money in the world, and then one woman says, I'll take care of the kids.

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)

We're not there anymore.

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)

But each role, I'm trying to say, in some way you have to find out how to do the art of thoughtful disagreement.

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 it makes sense.

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 also, knowing what's good, 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)

It's a good thing to know what you're good at and what you're not good at, right?

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 should pause and

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 should go above it, and they should say, how should we deal with each other when that happens?

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)

In other words, what are our protocols for working ourselves through that so that we can then move beyond that to make a decision?

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)

That could be one of the protocols.

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 main thing I'm trying to convey

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)

is when people are ordinarily in an argument, they just argue.

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 don't know the ground rules, they don't have a process in place.

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 if you look above it and you come up with whatever your rules are, it may be you could have domain,

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)

It may be that you have a mutually agreed party that you would say, okay, let's plead our cases to and have them mediate it.

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)

It could be a lot of different paths could exist to say, ah, I think that's a good path when we have a disagreement on how we plead our cases and then move beyond it.