Quote · My First Million
Ray Dalio: The principles that made me a billionaire
Where this was said
The 1 Big Takeaway
At 1:01:13 · chapter starts 59:26
Shaan asks Dalio for the one thing he hopes people remember from this conversation. The answer is as spare as his investing formula: know what you want, understand that getting it requires a journey through mistakes and learning, and anchor everything in meaningful work and meaningful relationships [1] — Ray Dalio "Dalio's single biggest takeaway: know what you want, accept that the path runs through mistakes, and build meaningful work and meaningful r…" 1:00:13 . If you have work you love and relationships you love, you're probably going to have a great life — regardless of the number in your bank account. Dalio is 76 and describes himself as in a phase of compelled generosity — passing along everything he has to offer while he still can. The episode closes with Shaan promoting Success Story, a podcast featuring business leader conversations, keynotes, and sales and marketing tactics.
Dalio's single biggest takeaway: know what you want, accept that the path runs through mistakes, and build meaningful work and meaningful relationships. If you have those two things, you're probably going to have a great life — full stop.
