Billionaire Ray Dalio Shares The ULTIMATE SUCCESS PRINCIPLES That Made Him WEALTHY | Lewis Howes

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My guest today is Ray Dalio, Founder, Co-Chairman, and Co-Chief Investment Officer of Bridgewater Associates, the fifth most important private company in the US, according to Fortune magazine. According to Forbes, he is the 69th Richest person in the world, and he has been called the “Steve Jobs of Investing” by Wired magazine, and named one of the top 100 Most Influential People by TIME magazine.
He is also the author of the New York Times #1 bestseller, Principles, which explains and outlines the principles that he lives and works by to create massive amounts of success in his life and business. And now, he’s become an author for the second time with his new book, The Changing World Order: Why Nations Succeed and Fail. This new book explores the economic turbulence that has defined the past as well as explains why the future will be radically different. I know it’s a fascinating read - I recommend picking up a copy!
When Ray started out in his entrepreneurial career in 1975, he didn’t have much besides a two-bedroom apartment in New York and an idea. But now, forty years later, Bridgewater Associates is the largest hedge fund in the world!
But despite building one of the most successful private companies ever, Ray doesn’t see himself as anything special. He fundamentally believes that the principles he’s learned are what set him apart and allow him to achieve such massive success. And now, at this stage of his life, he is ready and excited to pass along his wisdom to anyone willing to listen.
It was such a pleasure to dissect the world’s problems and opportunities with Ray. We had a conversation that really stuck with me, and I think you’ll get a lot out of it too. I loved diving deeper into why pain is the best teacher, how we can use our mindset to achieve great things, why we should always be willing to learn and admit when we’re wrong, and so much more!
If you’re ready to create financial success, develop principles, and understand your purpose, join me on Episode 1,042 with Ray Dalio!
You can follow Lewis at:
Website: lewishowes.com/
Instagram: / lewishowes
Facebook: / lewishowes
Twitter: / lewishowes
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Lewis Howes is NY Times Bestselling author, entrepreneur, and former professional Arena League football player. He hosts The School of Greatness, a talk show distributed as a podcast. Learn and hear the stories of various successful people around the world, become inspired, motivated and educated with the SCHOOL OF GREATNESS. lewishowes.com/book
You can follow me at:
Website: lewishowes.com/
Facebook: / lewishowes
Twitter: / lewishowes
Instagram: / lewishowes
Tiktok: / lewis
Linkedin: / lewishowes

[@reaputnam]

How amazing for us to be able to listen to this man’s wisdom from 71 years on earth for FREE!! Thank you Lewis!! ⚡️⚡️

[@garykaplan7611]

Who paid you to say that? Were you really so inspired by Ray combining his feelings with his thoughts? ... or the importance of ambiguity? I got nothing from this.

[@Moodyvirgoarts]

@@garykaplan7611 im so sick of the rich being so carelessly blind to the facts. Money is so important to them.

[@jan.mal.1284]

Very true Reagan. I am very grateful too.

[@DanielJimenez-vt8ct]

Grateful!!

[@Mike717ful]

Yh got nothing, abstract mindset bs

[@Miu-or5mx]

42' - 43' wow this guy is great. He is a billionaire who is not a psychopath and has compassion and empathy. Incredible.

[@timestamplinksdotcom5998]

It is well worth watching the entire conversation, but if your time is limited here you go: 1. 0:00 Introduction 2. 1:22 The person who made the biggest impact in Ray Dalio’s life 3. 2:58 Pain + Reflection = Progress 4. 4:45 The greatest pain in his lifetime, and the results of it 5. 9:10 Where he would be today without being completely broke in 82 6. 13:36 How Ray Dalio stays confident during transitions of life stages, ambiguity 7. 15:00 Being led by thoughts or feelings? 8. 17:08 Personal mantra when in doubt of something 9. 19:35 His approach to bets in general 10. 20:22 Thoughts on the importance of disagreement 11. 22:35 How Ray Dalio deals with personal attacks on his opinions 12. 25:51 What is thoughtful disagreement? Principles of protocols 13. 29:05 The greatest problem of mankind 14. 30:38 Is this a bad time in the world? Money, credit, wealth, political gaps, and the rise of China 15. 36:49 How should the information provided be applied for the rest of society 16. 45:44 Do we have equal opportunity? 17. 47:55 The mindset of making money 18. 51:04 Top places people should be investing, importance of saving 19. 54:42 Ray Dalio’s first investment experience 20. 55:53 The greatest gift a rich person could give to a poor person 21. 56:55 Three skills to learn 22. 59:25 Diversification 23. 1:01:30 The skill to not to be too high and not be too low either, execute a good game plan 24. 1:04:30 Advice for millenials 25. 1:05:00 Which is easier, staying wealthy or getting wealthy? 26. 1:06:30 Ray Dalio’s book: Principles 27. 1:08:00 Ray Dalio’s personality test 28. 1:09:20 The three truths 29. 1:12:11 Dalio asks about The school of greatness 30. 1:13:00 Dalio’s definition of greatness If it gets buried in the comment section, you can find each of these sections on my website too.

[@amolgill7480]

Thank you for the outline! Much appreciated

[@Bmoby1]

Thank you do very much for this

[@kos8098]

thank you. Much appreciated!

[@FASHIENLILYD]

This is great to reference. Genius idea. Thanks watching this several times packed full of inspiration

[@valetetti702]

P N.L no

[@vimbai2020]

So sad to hear about Ray's son's passing, just ten days following this interview. May the Dalio family find comfort. Thank you Lewis and Ray.

[@carogibson7109]

What ray was saying was a way to fight against invasion by overeducated foreigners of USA as they all say current USA citizens are arguers and need to be kicked out from work and allow new. This accident ! Smells fishy not an accident. Ray was showing us how to fight

[@taykokhuat]

@@carogibson7109 The good thing about the US printed currency are that it attracted foreign talents but the disadvantage is it created a lot of US couch potatoes.

[@cachattacks2045]

The second half for Ray starts in his early 70, mine was in my mid 50... the sooner you start discovering your life's meaning and purpose, the happier you will be.

[@DavidJones-ww8zn]

Multiple Source of Income:1, Create an online course 2:Buy a rental property 3: Start an online business 4: Invest in Crypto/ Stocks 5: Purchase a franchise 6: Start a Blog

[@jennifernancy8318]

You're right . Employees make their bosses rich Debtors make banks rich Consumers make businesses rich Corruption make politicians rich Investors make themself rich

[@stevenmatteo6813]

For me employ what brings profit, I employ crypto and stocks

[@ameliescarpelli9379]

@Andrew Levi Bitcoin trading is now the fastest way to make money online at your own comfort

[@ameliescarpelli9379]

10k: "I'll buy Bitcoin at 8k" 12k: "I'll rather wait for 10k" 36k: "I should have listened" Don't be like this guy, invest in your FUTURE now!!

[@joshanderson7551]

Every bitcoin investor right now is just smiling at the price of bitcoin as it held strong and indeed valuable enough to generating good ROI. More persons are gonna become millionaires and we have bitcoin thanks for that

[@modernadulting6857]

If you want to be successful, you have to take 100% responsibility for everything that you experience in your life. Everything you think, say, and do needs to become intentional and aligned with your highest purpose, your values, and your goals.

[@pjnyc8276]

Love listening and learning from Ray Dalio. True sign of an exceptional interviewer is letting your guest speak. Thank you

[@CaseyBurnsInvesting]

Ray is one of the wisest, most generous men out there.

[@yucansuckadee8930]

So generous, is the book free? His app is whack. I almost followed his plan. I didn't really know who he was. I had, lost, and have more than before. I use to believe money makes you wise and keeps you safe. I was happier and freer in the trailer park. Food Pantries then didn't give you fresh fruit, milk, and meats! Funny, I thought I was suffering. Enraged, powerless, and sad. Made sense in a dumpster. Don't make sense now. No excuse! No rhyme, no reason! Good luck in your investments. Keep grinding! More power to you!

[@justbooked9669]

You're everywhere Casey, from Fruitful Investor (Real Estate), Chandler David Smith (Real Estate) haha.. Keep going. Knowledge is power.

[@luxfortmedia]

This is hands down the best Interview I have watched in terms of practical wisdom.....

[@averyjoycelynbarakudablock4139]

Lewis super moved; by the end they looked like family, so bonded. Very touching. This was a fabulous session with something for anyone who is moderately alert, and more for someone really in attendance. Go Lewis. 🌿 `

[@KeithJohnsonMoremoney]

Great interview, great lesson learnt from the speaker. Thanks for the honesty and humility

[@philipswain4122]

I love the jungle analogy. I tried living the ordinary life but then I got cancer and everything changed. I’m in the jungle right now trying to grow my business. Being an independent thinker is the most free there is. It sometimes takes a wake up call to engage it

[@japhethlau5456]

Thank you so much Lewis for the platform for everyone to have access to great knowledge to learn and model.

[@lilian40077]

Thank you so much for your channel you are such a great interviewer and for being authentic

[@Wisdom122]

" If everybody loves something, it is expensive. It everybody hates something, it is cheap. " Very wise words. Great interview. I love the way he says meditation is one of the most important things in his life. Me too. Very important to everything in life.

[@najeraedgar7060]

I’m so happy I owe his book. I could listen to his wisdom all day and I try to live by his great advise. Thanks Ray for helping us be more ambitious, wise and use pain to reflect!

[@OzroHepworth]

Since you appreciate Ray's wisdom, you might want to check out this video by Wesley Virgin. It's about how he went from being in prison to making missions. Give it a watch... ozrohepworth.com/genie2

[@hagi2013]

Thanks for this Very good with Ray Dalio , always pleasure to hear him speak & his wisdoms .

[@caroldavies9462]

Really Enjoyed this Discussion! Brilliant! thank you Both so Much!

[@volneralexandre6444]

Mr Dalio, Thanks for sharing your vibrant testimony ! Very encouraging ! God bless you Guys ! !!

[@lweendokumalo5957]

Awww the way he spoke of the wife . God bless you

[@odeliaid2580]

One of the best interview amazing knowledge to do the right things!!! Thank you 🙏🙏🙏

[@GODFavorsBrendaHisJOY]

Appreciate the 'SCHOOL OF GREATNESS ' Master Teacher, THANK YOU!

[@christinat9029]

Lewis...You can awkwardly hug me any day! That you so much for bringing into my life these people who are as amazing as they are beautiful! I wish you health, happiness and love!

[@Alex-ty3tq]

Thanks Lewis. Every day i see a new class and every day i understand it more. pd. Impact me your emotion at last.

[@shakazulu9464]

Great Interview. Keep doing what you’re truly PASSIONATE ABOUT 💯

[@CPaulBreezy]

Self Actualization- The top of the pyramid of Maslow's Hierarchy of Human Needs. Still rings true after all these years to our present day. Lewis, The School of Greatness is one of the most important content pieces that I share with others as often as possible. Thank You for curating the light of knowledge for so many!

[@vedicchanting]

Lately, anytime I listen to another School of Greatness interview, I think it was “the best” interview I’ve heard. Over and over, these are SUCH informative and helpful interviews. Thank you Lewis Howes & School of Greatness!

[@lewishowes]

Thank you so much! Your comment made my day 😊

[@mars1783]

Thank you so much for your wonderful info, I'm coping starting a new life style so all this info helps me function and inspires me to keep focus on my goals!!!

[@StartSomewhereMedia]

This was a great interview - the greatest minds have the need to serve others when they really dont have to their compassion is what makes them successful a lot of respect for you both. Thanks Lewis you're inspring me to do great things. #MambaMentality

[@sanjaypaul9159]

Ray Dalio and Lewis Howes are my favorite. I also love anything Lewis Howes does. I am so happy his subscription is growing and that he is getting the word out. I love him! I would love to meet him at another event soon.

[@mariefrancis8109]

I can recommend you to a Powerful man who can help you out Manifest anything that you want in 24hr

[@sanjaypaul9159]

@@mariefrancis8109 Tell me more!

[@ivylam0168]

Hi, Ray: thanks for sharing...actually, it takes a lot of humility to be able to accept others' disagreements even though we understand disagreement is a good thing. I salute you for your ability to accept the disagreement and to arouse your curiosity instead of resentments or anger...

[@meganhess9531]

I come from a poor family in Africa, made my way to California, a single mom. My family is not interested in learning. I tried helping them. That's the problem with some people, they just expect the government to give them money, or they hope for a quick money rich way, which leads them to scams, and they do not learn from them.

[@musiimenta2004]

Point 😊

[@mattfz7593]

Lewis on point with great questions. Ray full of great wisdom. Equals a great interview.

[@kbedz11]

This is arguably the best episode yet!

[@bitcoin.crypto]

Man's biggest adversary is having emotions, yet without it we would never achieve anything.

[@lolitanolita9107]

Ray is a kind and wise man. Thank you for the interview!

[@hossanshadi3193]

@Lolita, you would need a good broker to give you that passive income, to make you a Bitcoin Millionaire.

[@OzroHepworth]

You might want to check out this video by Wesley Virgin. It's about how he went from being in prison to making missions. Give it a watch... ozrohepworth.com/genie2

[@ianpavey3813]

It’s all about the understanding people. Knowing who knows who. We all have good respect. And we should use it

[@juliangomezcastro3332]

Wao this is awesome sr, all of these successful people are my mentors. We are in the easiest stage to be ricj

[@ep9203]

What a great interview... Thanks so much for posting 👍

[@candacepankanin7159]

In my opinion he is so on point with his observations and conclusions. I love this guy. I thank him for sharing his reality

[@thientanusatv7619]

THANK YOU FOR THE TIP

[@mazharsoufi5270]

THANK YOU SO MUCH for bringing the greatest financial man and the best school in life and success, I love RAY

[@realdrewpage]

Dude, it is amazing you get access to these guys. That's what I need to learn how to do.

[@mariefrancis8109]

I can recommend you to a Powerful man who can help you out Manifest anything that you want in 24hr

[@unscrewedmind2919]

That intro is awesome! and so true, don't hold yourself back people!

[@danoreilly3070]

Yes Lewis! Always with the right people and the right messages 😊😊🙌🏼🙌🏼💥💥

[@michaelmurray8668]

Truly I'm so grateful for you both. This is a wise man. And you are doing great things. Hearing this gives me hope. Although we really might see a change in world order in our lives. I'm 31 years old now. Having the opportunity to learn from people like you both and many more gives me the confidence to trust in my own abilities no matter what is happening in the world !

[@lewishowes]

🧡

[@vvolfflovv]

amazing interview all around. looking forward to more

[@bdescartes]

Disagreements help us to double check ourselves. A smart person may not know everything but have the art of recognizing the right answers when they hear it.

[@mariefrancis8109]

Oh don't worry much my dear

[@mariefrancis8109]

I can recommend you to a Powerful man who can help you out

[@Palantir_Daily]

I love Ray; He’s changed my life with his principles and teaching ability.

[@techibabe]

Mature man when you can communicate without fighting killing and poking each other's eyes out. Amen to maturity.

[@l-kay7855]

What the fuck kind of men do you hang around lol

[@michellecrawford3523]

Amazing and life changing indeed!

[@iris5517]

I really like the questions you asked Lewis!👍 and the topics of course! I just subscribed to your channel.

[@lewishowes]

Thank you, Iris!!

[@Spreadinglovee.]

Pain+reflection = progress.. wow definitely the phase i am in right... Needed that nudge. Great 2 individual

[@championshipcognition3934]

I can't thank you enough, Lewis + Ray! Let's continue to motivate and inspire others to be the best they can be!

[@dyanadumar2500]

oooikkooo

[@dyanadumar2500]

kkkok

[@dyanadumar2500]

kkkkko

[@garykaplan7611]

I found Lewis super annoying - - his non-stop smirk seems mindless.

[@rolandor.moreno7498]

Pain and Pleasure great teachers. Ray Dalio very giving in his knowledge. Excellent book. Never stop learning.

[@mariefrancis8109]

I can recommend you to a Powerful man who can help you out Manifest

[@ryandixon5012]

I love that! So true!

[@michaelmckenna6216]

great questions - deep and open

[@UnconditionalLoveChrist]

Amazing. I wish I had that too. I’m literally in tears , this is powerful this is.

[@OzroHepworth]

Agreed. I think you will also like this video. It's about manifesting your dream life. Give it a watch... ozrohepworth.com/genie2

[@ThaoTran-ke6nd]

Love this interview! Thanks so much for sharing, Lewis! ❤️

[@lewishowes]

You are welcome, Thao!

[@SwiftbizEnt]

Great content bro, and great interview. Appreciate you.

[@morrisfamily7707]

I really enjoyed that.....Humility and reason are proactive

[@dreamer6474]

Amazing wisdom 🤝

[@HellasGD88]

Lewis asks the best questions plus he's super cute, thank u Lewis.

[@eileenmutyambuu3520]

Great interview from a great man

[@kolaadeyemi8381]

That’s interview is outclassed. GOAT

[@martinstubbs7838]

This was an excellent interview

[@juanluisbustamante119]

Great questions and answers thanks 😊

[@cheban9463]

I love his sense of simplicity and practicality

[@seho1363]

Great interview I will read his book wise man.

[@fillup901]

Yasss Ray is the best !

[@SillySeriousTalk]

Great interview!

[@tonyp9139]

Wow! Watching this video went by so fast. Great content!

[@lovev9904]

I'm an Independent Latino. 1:27 I believe, hope, wish and pray for a man like this that speaks highly of his wife. I am a Total Package. Amen.

[@ridleycollegedon]

this is a great interview..good questions

[@coachbobkapustka4803]

Found Ray through Tony Robbins book Money. amazing inspiration and motivation. immense depth of thoughts and philosophies.

[@philipswain4122]

Well said.

[@edwardchalikosa2397]

Ray takes his time to talk and that was understood by interviewer... Great interview

[@dannyrivera7823]

This interview gave me goosebumps if this man can rally the rich and the poor and the middle class to work together To overthrow the bull that is destroying this world we live in Utopia I will be the best version of me to make this world a better place when My time comes

[@perrywhitley485]

Very Sorry Ray to hear of your loss.❤️🙏

[@MsRainbow1983]

Wow what a life changing interview! Lewis you have no idea what a huge impact you have on the world. You are so talented, humble and always ask the best questions to help us the audience, the layman, get insight into the greatest minds. Incredible work - thank you so much 💓

[@nathanrosenthal7282]

Brilliant!

[@time2maked0hnutz54]

LH has fascinating ppl on his channel, I love his way of interviewing and it seems the ppl he has Love being interviewed by him. Thank You Sirs🙏🏽🤙🏽

[@lewishowes]

So happy you are enjoying the content. I would love for you to subscribe and leave me a review here: podcasts.apple.com/us/podcast/id596047499

[@JNMiss]

A lot of insights. Thanks.

[@essentialsfundamentalsofac2129]

Reading his book right now. He has a wealth of knowledge.

[@juliangomezcastro3332]

God bless all of you we got this,u are doing a great job

[@keirozj]

Extraordinary 👏👏👏

[@VUVR]

What a great interview, thank you.

[@OzroHepworth]

Since you enjoyed this interview, you should check out this video by Wesley Virgin. It's about how he went from being in prison to making missions. Give it a watch... ozrohepworth.com/genie2

[@evabaileywright4524]

I am impress how he discussed his lifestyle and overcomeing is so cool

[@OzroHepworth]

Yeah, stories about overcoming challenging times are inspiring. I think you will like this video as well. It's by Wesley Virgin. He went from being in prison to making missions. Give it a watch... ozrohepworth.com/genie2

[@joycekoch5746]

You can spot a fool when you see that pain makes them bitter and sharp tongued - You can spot a wise person when pain makes them humble and gracious with their words.

[@perrywhitley485]

Just amazing, l love the honesty and quality of the questions and answer’s. 2 gentlemen having a chat about life. Thoroughly enjoyable a MASSIVE Thank You.❤️ stay safe.

[@lewishowes]

You're welcome,thank you for being here 🧡

[@decodinglife8419]

man, this guy is a legend!

[@luccavanjose2393]

Awsome. Thanks.

[@Amine84]

i appreciate your influence and successful story, especially when you move to the other side of the jungle which is absolutely remarkable, despite the presence of some undesirable predators. Success doesn't come overnight or in blink of eye, but with pain, production, persistence ,believe in your abilities and God.

[@TriforceGreg]

I truly love and respect your vision and understanding of the future. I’ve come to the unfortunate conclusion that the only option is VR learning. I know it isn’t traditional but I just took my kids on an African lion safari and taught them reading and righting in a few hours 😱

[@vincenttalman9630]

A very humble smart man. Thank you.

[@jakeryan7704]

Yes thank you

[@josecastillofl]

2 of my favorite people in the world ❤

[@carmenbankston]

This was so powerful

[@YogaBlissDance]

Wow at 38:00 he gets into politics and deep wisdom! Truth. 48:00 Ray corrected him- it's not just MINDSET- and i believe in mindset. Ray said "there are big differences in opportunities." Thank you. So he equalized the opportunity in explaining his success principals thereafter. "Disagreement should be a comfortable thing, that prompts curiosity and mutual respect..." wish our political discourse could be this mature. Such wisdom.

[@LemonmilkMusic]

Lewis. I know you know. But you are doing great work through the great spirit of what makes human kind great. Much respect. Avid student.

[@polishsilverstacker3246]

Ray Dalio is such down-to-earth man! His advice is just priceless, not to mention his personal life experiences!

[@lewishowes]

🙌

[@kshetrimayumchetan5106]

@@lewishowes thanks bro Love and support from india

[@ivylam0168]

Giving is happier than receiving...you will get more joy to give and share than to keep it...the ones who give are the ones who will get the most joy