Ray Dalio
👤 PersonAppearances Over Time
Podcast Appearances
Yes, but I think you have to ask yourself, are you going to beat the pros? Investing is a zero-sum game. So competing in the markets is more difficult than competing in the Olympics. So I would say be humble. I put in hundreds of millions of dollars a year to try to beat the markets. And others do. And that's what it takes.
Or if you do, play around with the money, an amount of money that you can learn from. So if you're playing the game... and you do it over a period of time and you learn, you can do that. But don't be arrogant and lose your money.
Or if you do, play around with the money, an amount of money that you can learn from. So if you're playing the game... and you do it over a period of time and you learn, you can do that. But don't be arrogant and lose your money.
Or if you do, play around with the money, an amount of money that you can learn from. So if you're playing the game... and you do it over a period of time and you learn, you can do that. But don't be arrogant and lose your money.
My first book, Principles of Life and Work, which captures my perspective, is I first want to establish that I'm a dumb shit and that whatever success I have had in life is more because of my knowing how to deal with what I don't know than anything I know. And that's true, not only in the diversification, but also in seeking the input of the smartest people in the world, too. You know?
My first book, Principles of Life and Work, which captures my perspective, is I first want to establish that I'm a dumb shit and that whatever success I have had in life is more because of my knowing how to deal with what I don't know than anything I know. And that's true, not only in the diversification, but also in seeking the input of the smartest people in the world, too. You know?
My first book, Principles of Life and Work, which captures my perspective, is I first want to establish that I'm a dumb shit and that whatever success I have had in life is more because of my knowing how to deal with what I don't know than anything I know. And that's true, not only in the diversification, but also in seeking the input of the smartest people in the world, too. You know?
Okay. Thank you.
Okay. Thank you.
Okay. Thank you.
It's such a joy for me. Thank you.
It's such a joy for me. Thank you.
It's such a joy for me. Thank you.
Great.
Great.
Great.
No, I don't think so. Really? I don't know. I can't tell. Tell me. I never can tell, really. I think what we have to do, if you can, is ask your audience.
No, I don't think so. Really? I don't know. I can't tell. Tell me. I never can tell, really. I think what we have to do, if you can, is ask your audience.
No, I don't think so. Really? I don't know. I can't tell. Tell me. I never can tell, really. I think what we have to do, if you can, is ask your audience.
Oh, can you?