Ray Dalio
👤 SpeakerAppearances Over Time
Podcast Appearances
What are your strengths and weaknesses and your likes and your dislikes?
And once you know that, then you also think, what are the fits?
Oh, I would like that job, and the job could pay me well.
And then you figure out, okay, how do you do it?
How do I get to it?
But they're different people in different circumstances, so I can't answer them all now.
Before you get to that second part, let me just on the thing.
Yes, it's the looping and learning from mistakes.
But another part of it is the realization that you don't have to make your decisions in your own head.
OK, now, when you start to realize that, you know what you're good at and what you're bad at.
that a power comes to you when you start to know uh okay who's the best person to give me the advice or who's the best person to lead me through this or when you start to know that you can go beyond what you think and your opinionatedness so that you can triangulate i call it triangulate with others so that you find three people who are really
capable of giving you good advice, who will argue with each other and argue with you so you can see all sides of it, and you work yourself through.
So it's not just your eyes looking for the path, but it's other people's eyes looking with the path with you, knowing that you're going to have successes and failures.
But that power of that collective learning and triangulate well with humbleness
is a great power as you go through that cycle.
Does any of that sound crazy?
No, that's totally, totally right.
And then it comes from once you have a fear that you might be wrong, but you have still the audaciousness and courage to go forward, you're a lot smarter than the person who thinks they know.
There's a quote that Jefferson said.
He who knows he knows not is closer to the truth than he whose mind is filled with falsehoods.