Ray Dalio

There is going to be turbulence and turmoil. Fantastic opportunities and terrible twists, and that's an adventure, okay? That's a challenge. It's like going into the jungle. And so I think it's the approach to life that matters more than anything. When people think bad things happen, of course bad things happen. Good things happen to everybody, a lot. It's your approach to that.

There is going to be turbulence and turmoil. Fantastic opportunities and terrible twists, and that's an adventure, okay? That's a challenge. It's like going into the jungle. And so I think it's the approach to life that matters more than anything. When people think bad things happen, of course bad things happen. Good things happen to everybody, a lot. It's your approach to that.

So the most important thing, whether it's my grandchildren or whether it's your listeners or anybody out there, is this idea of principles and approach so that that adventure, life's adventurous journeys, that you are able to navigate it well. So I think that's the most important thing. Will it be? Yeah. The world is going to be turbulent. Life is hard. Being very successful is very hard.

So the most important thing, whether it's my grandchildren or whether it's your listeners or anybody out there, is this idea of principles and approach so that that adventure, life's adventurous journeys, that you are able to navigate it well. So I think that's the most important thing. Will it be? Yeah. The world is going to be turbulent. Life is hard. Being very successful is very hard.

So the most important thing, whether it's my grandchildren or whether it's your listeners or anybody out there, is this idea of principles and approach so that that adventure, life's adventurous journeys, that you are able to navigate it well. So I think that's the most important thing. Will it be? Yeah. The world is going to be turbulent. Life is hard. Being very successful is very hard.

But hard... means strength, just the way it is. So you have to be strong. You have to be capable. You need to, for example, understand what your weaknesses are as well as your strengths. And then you can deal with your weaknesses. There's no problem. You can have somebody who is strong where you're weak help you. There are lots of ways of dealing with that.

But hard... means strength, just the way it is. So you have to be strong. You have to be capable. You need to, for example, understand what your weaknesses are as well as your strengths. And then you can deal with your weaknesses. There's no problem. You can have somebody who is strong where you're weak help you. There are lots of ways of dealing with that.

But hard... means strength, just the way it is. So you have to be strong. You have to be capable. You need to, for example, understand what your weaknesses are as well as your strengths. And then you can deal with your weaknesses. There's no problem. You can have somebody who is strong where you're weak help you. There are lots of ways of dealing with that.

But there are so many people have ego barriers that stand in the way of them looking at their weaknesses. Because if you look at your weakness, you can deal with it. There's first order consequences and second order consequences for most things. And the second order consequences are usually the opposite of the first order consequences.

But there are so many people have ego barriers that stand in the way of them looking at their weaknesses. Because if you look at your weakness, you can deal with it. There's first order consequences and second order consequences for most things. And the second order consequences are usually the opposite of the first order consequences.

But there are so many people have ego barriers that stand in the way of them looking at their weaknesses. Because if you look at your weakness, you can deal with it. There's first order consequences and second order consequences for most things. And the second order consequences are usually the opposite of the first order consequences.

Let's say, for example, the food that you most enjoy to eat is probably the least healthy for you. Okay, the exercise that you want to do is not what you want to do, and it's the most good for you. Okay, so there are a lot of these kind of tricks. It's like the, I think they call it the marshmallow test for a kid. You have a choice.

Let's say, for example, the food that you most enjoy to eat is probably the least healthy for you. Okay, the exercise that you want to do is not what you want to do, and it's the most good for you. Okay, so there are a lot of these kind of tricks. It's like the, I think they call it the marshmallow test for a kid. You have a choice.

Let's say, for example, the food that you most enjoy to eat is probably the least healthy for you. Okay, the exercise that you want to do is not what you want to do, and it's the most good for you. Okay, so there are a lot of these kind of tricks. It's like the, I think they call it the marshmallow test for a kid. You have a choice.

You have a marshmallow now, or you could have two marshmallows in 10 minutes. What's your choice? immediate gratification or getting stronger. And getting stronger requires challenge, okay? That's why also pain plus reflection equals progress. And so when you start to realize that and you get that hardwired so it's almost instinctual to operate that way, then you get power, then you get stronger.

You have a marshmallow now, or you could have two marshmallows in 10 minutes. What's your choice? immediate gratification or getting stronger. And getting stronger requires challenge, okay? That's why also pain plus reflection equals progress. And so when you start to realize that and you get that hardwired so it's almost instinctual to operate that way, then you get power, then you get stronger.

You have a marshmallow now, or you could have two marshmallows in 10 minutes. What's your choice? immediate gratification or getting stronger. And getting stronger requires challenge, okay? That's why also pain plus reflection equals progress. And so when you start to realize that and you get that hardwired so it's almost instinctual to operate that way, then you get power, then you get stronger.

That's just how reality works.

That's just how reality works.

That's just how reality works.