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Ray Dalio

👤 Speaker
3074 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)

I viewed your story, what you just told me is just 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)

Now you keep doing it, it'll become apparent to you how everything's another one of those, because what'll happen is the next time around, you're gonna find, I don't know, let's say you're firing somebody, use that as an example, you would say, okay, now I'm firing somebody, again.

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, now let me just kinda reflect.

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)

Would I modify that 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 how would I do 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)

And then, okay, now maybe you're firing somebody who's been with you for 10 years and you love.

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 that's not the same as firing the son of a bitch who you wanna get rid of.

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 then you refine 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)

How should I deal with that one and 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)

And why does it make 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)

Because that reflection, why does it make 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)

Why does it make 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 really wanting truthfulness,

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 know, not worry about being embarrassed.

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)

Making mistakes, we're gonna be on the struggle with all of you together is a good 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)

It's simple, because all you have to do, really, is to sort of say, if you start to think everyone's another one, and I was, when I'm making a decision, I just gotta write down why I made the 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)

I don't care how you title 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)

Okay, just write down, okay, okay.

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)

What are your criteria?

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)

Write it down.