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Ray Dalio

👤 Speaker
3059 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 1 (Fan Fave)

And and that's happening at the same time as we have an internal conflict taking place, such as the presidential election.

Tom Bilyeu's Impact Theory
Why the U.S. Can’t Repay Its Debt, What Comes Next, and How to Prepare | Ray Dalio - PT 1 (Fan Fave)

So we're going to come into the presidential and it's not just presidential election.

Tom Bilyeu's Impact Theory
Why the U.S. Can’t Repay Its Debt, What Comes Next, and How to Prepare | Ray Dalio - PT 1 (Fan Fave)

Of course, it's a number of 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 1 (Fan Fave)

senators, congressmen, and so on, and who are at each other's throats about this, and who are going to fight with each other and fight to win.

Tom Bilyeu's Impact Theory
Why the U.S. Can’t Repay Its Debt, What Comes Next, and How to Prepare | Ray Dalio - PT 1 (Fan Fave)

Not probably respect the rules as much,

Tom Bilyeu's Impact Theory
Why the U.S. Can’t Repay Its Debt, What Comes Next, and How to Prepare | Ray Dalio - PT 1 (Fan Fave)

but fight to win for their side.

Tom Bilyeu's Impact Theory
Why the U.S. Can’t Repay Its Debt, What Comes Next, and How to Prepare | Ray Dalio - PT 1 (Fan Fave)

And that's happening at the same time as we have the situation with China, most importantly, China and Russia, in terms of the issues, in terms of their things to fight over.

Tom Bilyeu's Impact Theory
Why the U.S. Can’t Repay Its Debt, What Comes Next, and How to Prepare | Ray Dalio - PT 1 (Fan Fave)

You know, for example, even there's going to be an election in Taiwan that will also have a big bearing on this whole 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 1 (Fan Fave)

So there's, you know, we know, I think, pretty much, that we're going to have financial problems and economic problems at the same time as we have this internal fighting and this external risky situation.

Tom Bilyeu's Impact Theory
Why the U.S. Can’t Repay Its Debt, What Comes Next, and How to Prepare | Ray Dalio - PT 1 (Fan Fave)

The most important thing, I think, is to know your nature.

Tom Bilyeu's Impact Theory
Why the U.S. Can’t Repay Its Debt, What Comes Next, and How to Prepare | Ray Dalio - PT 1 (Fan Fave)

What is your nature?

Tom Bilyeu's Impact Theory
Why the U.S. Can’t Repay Its Debt, What Comes Next, and How to Prepare | Ray Dalio - PT 1 (Fan Fave)

What are your strengths and weaknesses and your likes and your dislikes?

Tom Bilyeu's Impact Theory
Why the U.S. Can’t Repay Its Debt, What Comes Next, and How to Prepare | Ray Dalio - PT 1 (Fan Fave)

And once you know that, then you also think, what are the fits?

Tom Bilyeu's Impact Theory
Why the U.S. Can’t Repay Its Debt, What Comes Next, and How to Prepare | Ray Dalio - PT 1 (Fan Fave)

Oh, I would like that job, and the job could pay me well.

Tom Bilyeu's Impact Theory
Why the U.S. Can’t Repay Its Debt, What Comes Next, and How to Prepare | Ray Dalio - PT 1 (Fan Fave)

And then you figure out, okay, how do you do 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 1 (Fan Fave)

How do I get to 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 1 (Fan Fave)

But they're different people in different circumstances, so I can't answer them all now.

Tom Bilyeu's Impact Theory
Why the U.S. Can’t Repay Its Debt, What Comes Next, and How to Prepare | Ray Dalio - PT 1 (Fan Fave)

Before you get to that second part, let me just on the 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 1 (Fan Fave)

Yes, it's the looping and learning from mistakes.

Tom Bilyeu's Impact Theory
Why the U.S. Can’t Repay Its Debt, What Comes Next, and How to Prepare | Ray Dalio - PT 1 (Fan Fave)

But another part of it is the realization that you don't have to make your decisions in your own head.