Ray Dalio: Overcoming Failure, Steps to Success and Idea Meritocracy (2018)

An interview with billionaire investor and founder of the world’s largest Hedge fund Bridgewater Associates, Ray Dalio. In this interview, Ray discusses his principles for success and the his use of an idea meritocracy. Ray also talks about relationships and privacy. 📚Books by Ray Dalio and his favourite books are located at the bottom of the description❗

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Video Segments:
0:00 Introduction
2:00 Different types of principles
7:36 5 steps of success
14:25 Thoughtful disagreement
15:30 Idea meritocracy
18:58 Knowing what people are like
24:46 The two yous
29:28 How many people can handle the truth?
31:33 Has it worked in your family?
34:00 Start of Q&A
34:02 Transparency at a national level?
37:54 How do you create a system of incentives to rank higher in believability?
43:19 Do you value privacy?
46:19 How reliant are you on the results of the algorithm?
48:20 Why can’t we replace you with an algorithm?

Ray Dalio Books 🇺🇸📈 (affiliate link)
Principles: Life and Work: http://bit.ly/PrinciplesDalio

Ray Dalio’s Favourite Books🔥
The Lessons Of History: http://bit.ly/LessonsofHistory
Security Analysis: Sixth Edition:http://bit.ly/Securityanalysis

Interview Date: 28th June, 2018
Event: The Aspen Institute
Original Image Source:http://bit.ly/RDalioPic8

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