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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)

OK, now, when you start to realize that, you know what you're good at and what you're bad 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 1 (Fan Fave)

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

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)

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.

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 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.

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 that power of that collective learning and triangulate well with humbleness

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)

is a great power as you go through that cycle.

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)

Does any of that sound crazy?

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)

No, that's totally, totally 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 1 (Fan Fave)

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.

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)

There's a quote that Jefferson said.

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)

He who knows he knows not is closer to the truth than he whose mind is filled with falsehoods.

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 so when you know that, and then with your character and your determination, you go forward.

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 smartest people I know are the most humble.

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 more you learn, the more you realize, oh, I'm eager to take in.

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 that's 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 1 (Fan Fave)

But back on your audience.

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)

I think your audience ranges from, you know, there's a wide range that you have in your audience.

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 I would say that there are many people in your audience who can plan for a simple lifestyle that can be wonderful.

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)

Sometimes we acquire these needs that aren't at anywhere near as big as we make them out to be.

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, do you have a bed to sleep in?