Principles: Life and Work | Ray Dalio | Talks at Google

In 1975, Ray Dalio founded an investment firm, Bridgewater Associates, out of his two-bedroom apartment in New York City. Forty years later, Bridgewater has made more money for its clients than any other hedge fund in history, and grown into the fifth most important private company in the United States, according to Fortune magazine.
In his new book "Principles", Dalio shares what he’s learned over the course of his remarkable career, arguing that life, management, economics, and investing can all be systemized into rules, and understood like machines. The book’s hundreds of practical lessons, which are built around his cornerstones of “radical truth” and “radical transparency,” offers a clear, straightforward approach to decision-making that Dalio believes anyone can apply, no matter what they’re seeking to achieve.
Moderated by Jordan Thibodeau.

[Fred Williams]

Thanks for this amazing information !! If you don't find a means of multiplying money, you will wake up one day to realize that the money you thought you had, has finished. Investment is key, I pray that anyone who reads this will be successful in life

[Yassine Khaoua]

You're absolutely right , to be a successful in life required not only hard work but awareness and sometime opportunity at the moment , investment remains the best to start .

[Maria Anto]

Exactly and many of us don't know where to invest our money so we invest it on wrong places and to the wrong people

[Fred Williams]

Very true, I started investing before the pandemic and that same year I pulled a profit of about $750k with no prior investing experience, basically all I was doing was seeking guidance from *ROCHELLE DUNGCA-SCHREIBER* who's a guru in the game, you can be passively involved with the aid of a professional.

[Susan Nico]

It took me 3 years to stop trying to predict what's about to happen in the market based on charts studying because you never know. Please, i need the help of your Investment advisor.

[Susan Nico]

God bless you for sharing!

[Liz Gichora]

Thank you ; Ray Dalio on this lecture / talk. The power of knowing oneself, weaknesses and strengths defines what we become. From making choices and values, to facing responsibilities and obligations as well as how we approach problems is so helpful.

[Shota Toriumi]

So much respect for this man. Most highly intelligent people are not nearly as sociable or want advice as Ray does

[Özün İfadesi]

Comjng

[Hurricaneplays]

love his comment that was basically, “who cares what you think, it’s about finding what is true” reminds me of another quote: “you cannot fully convince someone that they are wrong, only reality can.” finally, great insights on meditation and the benefits-right, on!

[PBKV Prasad]

Great contribution by Ray to all of humanity. Personally I greatly benefited by your philosophy. Thanks forever

[Porter Hills]

Great video. But let me talk about something important, I see a lot of young people and less young people making mistakes that I think they shouldn't be making. I believe that everyone, young or old investing, should have a business plan that will boost their financial return from three figures to six figures. The investment can be your retirement plan or your future plan, whatever you want, but the most important thing is that you have an investment that is worthwhile.

[Sarah Rafeal]

I have tried investing in forex, cryptocurrencies and stocks and I keep losing, do you have any advice or help for me?

[Porter Hills]

Investing in the forex cryptocurrency market requires a professional to guide you to avoid losses because the signals are not really easy to read that's why you need to invest with an expert to get better profit

[Sarah Rafeal]

Who is the expert you recommend and how can I get in contact with the expert ?

[Victoria Valenzuela]

I love this book of Ray Dalio, very inspiring and I've learned a lot from his work principles.

[Whatever it Takes]

I wish i was there and could ask him direct questions on trading psychology and risk management. These people dont even know what they can ask a legend like Ray Dalio.

[Kid Freshie]

Literally no one has gotten any semblance of a direct answer from Ray about investing. Few even try anymore. Lots of babble unfortunately.

[Arturo Díaz León]

Thanks to the greatest Ray Dalio because his clear mind to teach to set the key questions, the relevant questions, the crucial questions to. That´s the first task, to make the clue question, and then to start to solve it with the expert in that field of knowledge. In other words, I expect to learn to much from the basic principles of this great man (Ray Dalio). Enen more, I will read his paper over populism because my country (Mexico) in in political election for the Presidency, and this issue is crucial to understand how to convince or to gain this battle. Certainly, not as a battle, but to solve in pace the next period of development....

[Nathan Chackerian]

Dalio is a genius and a common sense guy at the same time

[James Tayler / Indie Hacker]

His approach is so common sense, so grounded in reality that its ironically considered genius! This is such a great book.

[Kevin Paolillo]

Radical transparency and radical truthfulness as a business operating principle sounds great but also feels like the measuring of everything is so systematic and so calculated that it feels like this sentence - “there’s a time and a place for being spontaneous.” It’s so measured it will never lead to Picasso. And in some ways what Ray seems to be saying is contradictory. His biggest abyss, calling for a huge collapse at the exact bottom in 1982, was reached without all these principles, and according to him led to his biggest “a ha moments” out of which he experienced his biggest growth, personally and professionally, which ironically would never have happened had he followed his own post abyss advice. Sometimes you just have to wing it, no? I guess that’s the question I would ask. But good discussion

[Trevis Kelley]

I can also say that there are times to "wing it". I think that's the loop he shows as well. For me, I try to start out with a singular goal for each of the 4 main aspects of my life: personal development, health, family, and business. Then I do initial research/learning and design an action plan. Then I take action. Usually, those actions end up being not quite on the mark and I run into problems. I then diagnose and design and take action again. I do this until I've mastered whatever it is. This is great, but for me, I am in sales and constantly need to update my techniques and sales pitches. So, a lot of times, I will just throw something out there and see what the reaction is. It almost always encounters problems and then I run through the loop again and again to hone it in. Having the process in place allows me to come up with crazy stuff and not have to worry about it being genius or even good. I can enjoy further creativity because I know that if it sucks, it will run through the process until it's at least good (or I will just cut it altogether). The idea is never immediately judged (as long as it meets certain legal and PR requirements), and will be refined until it works. Some of my best stuff has come because I had the attitude of, "Screw it, let's just see what happens." A lot of that came from having a process of testing, measuring, and then refining everything. That same post abyss growth came from having a process of reflection, diagnosis, and then design. For me, it just gives me confidence to take risks because I know my process will auto-correct if I completely screw it up (which I do a lot).

[Frederick Garant]

Trevis Kelley hx

[Lauren Hilbert]

His system of reality kinda leaves little room for self accountability, the common struggle that exercises our muscle of faith and intellect, trial and error. Any genius who thinks they can improve on the creators plan is self inflated; worshipped by others will do it. His calm precise lack of humility is telling. How can you take credit for finding yourself in a country at a time of wealth building, few hindrances for a white man and what about all the supporting people in his wake? Typical Globalist with a harboring demon spiritual intity!

[William Zheng]

This is the best interview about Ray Dalio that I have watched on KZbin. The interviewer is brainy. He really listened and asked some good questions. I am gonna take some principles that I learnt from Ray Dalio into practice.

[Maks]

Hey if you liked that then I recommend checking out his interview with Lex Friedman, the second part especially

[Utkarsh Gupta]

I actually disliked this interview. I felt he asked questions that were annoying, standard, and boring, and at least somewhat annoyed Ray. I could see the disappointment Ray felt as he probably expected better from Google.

[Amina & Davud]

I have read Ray's book - Principles. He is humble gentleman. Sharing is caring.

[NoteConference]

Just spent the day Audibling your "Principles" book Ray. Brilliant simplicity

[It's work in progress]

Thanks for sharing these Talks. Some are really valuable and this one definetly is!

[Michael Holley]

love this man! SO powerful! This man is incredible

[Özün İfadesi]

Name¿¡¡?

[Khoa Cao]

Thanks Ray. Thanks for having him to the real world.

[michael evangelista]

Ray is great. His mission now is to pass it so it will continue, but sad to say that's the biggest challenge, Bridge water will blows up after Ray leave. Ray knows this that's why his trying all things, even doing things that he don't like (being in public & social media) Hope you can find the right person, people & upgraded model that will bring it to the future before you leave Ray! Good luck to your mission Ray!

[Techfy Finance]

So much practical wisdom being given, Watch & take action!

[indizguise]

He gave over an hour of his time to give some valuable advice for free...now thats GOLD!! #MentorMeRay

[Michael Slattery]

now that is God

[Michael Slattery]

bringing to mind, that we should work together, for the betterment of man kind . of how to work together and how to be better at working together. Most important to realize ourselves the good and the bad. Not to judge that one, or this one ,or ourselves, but to learn how to be one with each other , and become a whole mind , or a majestic mind ,even a God like Mind to solve any problem

[nccamsc]

Why is it gold? Because he is the richest of all who have given talks at Google?

[Mind Unwind]

“There are three types of people in this world. Firstly, there are people who make things happen. Then there are people who watch things happen. Lastly, there are people who ask, what happened? Which do you want to be?” ― Steve Backley

[Sunshine]

I wish that I hear Ray speech when I got out of high school. That would make my life far more productive!!!

[shubhashish biswas]

It would be great to get a transcript of the lecture. Thanks a lot, in advance!

[Jon Ley]

I like Ray Dalio and he does provide some good perspectives of what's going on in the world right now as well as human nature. . .he has lots of valuable things to say. . . On another note, one of my favorite billionaires is Chuck Feeney who gave away all his billions while still alive . . .something like $9 billion. . .and left himself with only a few million . . .he now lives in a simple apartment now and says he is happier than ever. He helped out tons of charities and people and was more about spreading more love and goodness in the world and contributing to others. I find it interesting that Chuck Feeney's videos on KZbin have a tiny fraction of the views of people like Ray Dalio or other billionaires who have millions of views. . . an interesting sign where the world values are and what people consider valuable. . .and not so much spreading more love and goodness in the world. It should be interesting when there's a big economic downtown and people don't have the distraction of chasing way more money than they'll ever need (because it's kind of useless and fool's pursuit in a world that is falling apart - what will happen then in the world. . .and if other values will start to become more prevalent at that time. . .

[J J]

Just wonderful - soooo rich in wisdom and practice, Thank YOU!

[G Chap]

Life is role play. You are successful because you played each role with heart. RESTECP!

[-AC-]

booyakasha

[endurance miles]

Dalio's key points are very relevant, but you have to realize that it's coming from a billionaire, someone who never really have to face the harsh realities of life. He explains his low point in life as when his business had to be reshaped or when he needed money from his dad. If that's failure to you, you haven't seen real failure my friend. But worth a read for sure.

[tenningale ...]

He was dead broke at 32 and wiped out his business. That's a pretty good example of failure.

[Jeffrey Doyle]

Don't disqualify the guy because he's billionaire.

[A. Stoic]

I gave this video a like because the book "Principles" is a great book!

[Khurram Tahir]

In my opinion, giving a video a like because you enjoyed the book is not a good principle. A like should be earned based on the merits of the video.

[A. Stoic]

Khurram Tahir well I watched the video too.

[Dual Lingual Lady - Aisha Ahmed]

Khurram Tahir Good point, you can only comment based on the original ℹ️ given, and can’t be held accountable for something that has been left out, LOL!

[Özün İfadesi]

4name -5

[DKraft]

Ray Dalio teaching Google about collecting data from people is like teaching Michael Phelps to swim

[Kelly W]

Many small businesses fail because they simply won't do this. Ideas are threats or things to be stolen. It's a toxic situation which allows the wrong people to get ahead. And that mistake surely reveals itself down the line when the business stagnates, barely grows, or slips under.

[Ji Shi]

Innovative solutions to corporate problems can be carried over to the political process. This guy should run for President.

[Charles Beau de l'Air]

I like Dalio. He still seems humble in spite of his great success.

[NK1 INVEST]

I hope its because with age one realises money isn't everything - also he admits and continues to admit that he was a nasty boss. And through his principles he tries to improve through his feedback loop.

[Aida Shaltakova]

Х

[Özün İfadesi]

My profil

[Bride of Christ]

"And there's a time for everything, and everything in its time." - Scott Ciencin

[Kent VanderVelden]

It's amazing to listen to this lecture, which I learned from, and then to contrast it with the Google reviews, in particular Anna Carolina's review.

[ΑΡΗΣ Β]

Frankly engaging discussion

[Particle Config.]

Exercise and meditation are absolutely STUNNING

[Paul Citroner]

Fabulous words of Wisdom.👍👍👍👍

[Ian Cannon-Wallace]

This is great, so glad I put the time into hearing this!~

[O_Mondi]

That is a very effective and efficient approach to best possible decision making

[khankrum1]

I am retired now, but my last employment was for a well known Postal Organisation. The promotion system was, and still is to my knowledge, based upon seniority, and coiny'ism, . For example. I worked in the sorting office on a machine and wanted to apply for a senior office position, but I had to apply through my line manager. Her reply was " you have no chance so don't bother". Her reasoning was " they are all dressers up there"! My University education counted for nothing. My Manager had no educational qualifications whatsoever. She was promoted by cronyism. I did not bother to do anything other than my job and go home. Nut there is a simple fact: There is no meritocracy with inherited wealth and power!

[O_Mondi]

Objectivity is so valuable to me I'm constantly stripping away at all my different approaches ,it almost feels infinite correlation when you really break it down . So hows do you know what is neglegable especially when soo much data is involved .

[Grant]

I don't think I would ever let my boss know how I feel out of fear of being fired

[Rustam Azimov]

I love Ray Dalio he's my man

[Christopher Armstrong]

7:55 In order to be successful in the markets, one has to be an independent thinker. In order to be an entrepreneur, one has to be an independent thinker, and bet against the consensus and be right. The consensus in the markets is built into the price. For an entrepreneur, you're inventing new stuff, your doing new things and you don't know if you'll be right.

[Ryan Richards]

He should share a video of one of their company's meetings so we can see how it's done.

[tmmnago]

He has a weekly webinar weekly on LinkedIn

[BRESHPAC-SAS Impact Investing Platform]

There is much to learn here but something more special.

[Lanbo Chen]

a very great book

[Jerry Martinez]

Ray dalio really inspires me no lie

[Josh P]

Me no lie neither Ray Dalio inspire really

[지지]

Best thing about Google talk is that it let's guest speak their mind

[Viking Cat]

LOL, Google doesn't let anyone speak their mind.

[StankyPickle]

Ray Dalio: "You must know that it's so easy to collect data on everyone" Googlers: *nervous laughter*

[myNameIsCooL]

xDDD

[Saifulbahri Hassan]

ROTFL.

[Saurabh]

I am really grateful that google guys put it in podcast format because I have hard time to look at the message not the messenger. Thank you.

[TE LU]

48 dislikes? you get free Ray Dalio 40 years wisdom!!

[ch3wbacca]

he doesn't believe in god. The book principles is all about finding a purpose in life, without god. sad for him.

[Bobby Harrity]

@ch3wbacca Dalio may not believe in God but he does apply wisdom and knowledge derived from insight and nature which is what Proverbs teaches.

[Anime watch]

Well Dario does have business competitors who hates him.

[Particle Config.]

@ch3wbacca No reason to believe in a (hypothetical) god. What's wrong with you people.

[David G DMZ]

@Particle Config. God loves you even in your disbelief, Give the Lord a chance, say this prayer > God if you're real, show me something concerning you. In Jesus name Amen. What have you got to lose ? it would only require you minimal time I think Jesus Christ cares about you and KNOWS you already. Take him up on it

[A. Brekkan]

Something for the future governing of society: everybody should be encouraged to have their opinion but the algorithms based on one's ability to make the right decision will determine how much each and everyone`s vote will weigh.

[tmmnago]

Imagine finding out your vote is worth 3/5ths of a vote over another

[TheAndreasEkelund]

Some ppl in the crowd look like they are dying of boredom.. this is great stuff

[Scot]

you oughta read his book principles for the changing new world order

[Jen Mail]

I wish Ray's thoughts were more well formed around what he's trying to convey. I suppose I should just read his book.

[MaLiQ Delshaun]

That’s a very common theme with Leo’s. They try to clarify their point by telling it in 10 different ways.

[Stuart Pooley]

Successful people don't become that way overnight. What most people see at a glance-wealth, a great career, purpose is the result of hard work and hustle over time. I pray that anyone who reads this will be successful in life..

[Alfonso Ramirez]

You are right sir

[Alfonso Ramirez]

Most people don't invest due to ignorance.

[Next Yeah]

speaking of investing, forex trading is the best business in the world right now i know a couple of friends who make a lot of money weekly trading the financial markets

[Next Yeah]

People are scared of investing because of high rate of scammers on the market.

[Next Yeah]

But of a truth they are scammers but real brokers are out there too waiting for investors.

[Almaz]

how was he so spot on about the recession?

[T K]

58:39 , thank you for the great interview!

[King Jee]

Great Talk!

[Andrew Peters]

The Ray Dalio drinking game: drink every time Dalio says 'idea meritocracy'.

[Benjamin Petrillo]

You'd be dead

[Shota Toriumi]

It's amazing to listen to this lecture, which I learned from, and then to contrast it with the Google reviews, in particular Anna Carolina's review.

[Patti Reznik]

Wonderful interview! Wish the interviewer, whose questions are suburb, wouldn't whisper. Dahlio is amazing.

[D B]

If it wasn't for work, id have a perfect life

[Fernando Martinez]

Great man...!!!

[Ken S.]

Where can I download the open source program that Ray talk about?

[pedro martins]

Great Ray!!

[Calin]

It is not what you think It is what you do

[Rickesh Patel]

I love this videos but I have to say whenever I see an intellectual talk about “meditation” or “spirituality” they can only see through knowledge. The truth is what we call meditation is just a form of relaxation like getting a massage. Real meditation takes a tremendous energy, upon understanding truth not in the form of words gives you enormous energy to continue ones inner work. Meditation through mantra is just another way to dull ones mind. Now you need a mantra to meditate meaning it is more of a distraction from your mind and that creates a conflict within oneself. I see so many intelligent and knowledgeable people get trapped in this. In fact I’ve only known one other person to actually go through the inner work and transform, not change little by little, which is no change at all.

[Alexsa Fernandes]

superb video although not a financial person i whatever he talks is so clear

[Stephen D. Marino]

How is compensation impacted with "radical truthfulness and radial transparency" environment especially in the subordinate to manager relationship?

[Peggy Churchill]

Some people are great at estimating probabilities. Unfortunately those who are poorer guessers attribute this ability to failed methods or even superstition. Then we face witch trials, persecution, etc. Study the where, when, why and how with an open mind to improving the outcome. Then implement the solution, step by step, test the result, be flexible when new problems arise, and cause the least disruption while you implement the "solution."

[Everette Rowan]

For real it's very profitable

[Samir - Action Mind]

THANK YOU FOR ALL YOUR DEVISES AND TIPS I READ YOUR BOOK AND ITS INSPIRED ME TO REVIEW MY PROCESS OF TAKING DECISIONS I AM SURE THAT NOW IT WILL IMPROVE MY GOALS ACHIEVEMENTS, YOUR BOOK ALSO INSPIRED ME TO CREAT MY OWN KZbin CHANNEL AND YOU DID YOU READ THE BOOK? SAM FROM FRANCE

[ASK JDOG]

1:31:17 Financial Investing Question. Good one & good answer!

[mserth22]

I'm shocked a Google employee would ask such a basic question

[allies Team C]

US -China debate instead of war makes so much more sense. Certain ground rules should include not allowing name calling and slandering such as “communist” “racist” etc.

[Alexandra Athay]

Mr Dalio comes across as a very genuine person with integrity, but, as with most billionnaires, I wonder how many people (aware or unaware of) did he have to crucify to reach the level of success he has? Often these billionaires grow a level of conscience later on in life and believe that sharing their knowledge and wealth through philanthropy makes up for the misery they caused through stock market crashes to the common person.

[J Jax]

it BLOWS MY MIND more people haven't watched this

[DAY PRODUCTIONS]

I see Dalio as a real life Gandalf

[Patrick Alegria]

DAY PRODUCTIONS now you mentioned it, he kind of is

[Bryan Loke]

I g

[DAY PRODUCTIONS]

@Bryan Loke ?

[Dr. Amara Vincent]

Laughing out loud!

[austintennisrox]

Brilliant

[Dejavue]

Consensus is exactly how Chinese government and society work.

[Jan Waldner]

His views on trading, economy and stock market seemed more solid and interesting to me than the main subject.

[PolskaWalczaca]

40 min. THE BEST PART.

[Hurricaneplays]

this is so fascinating and inspiring-radical transparency-but how does this work environment survive in a society where younger generation wants safety spaces, and does not value free speech, and the litigation driven political correctness in the work space? do they sign strict waivers when hired? do they screen out the close minded on hiring? how does this organization exist today?

[Alexander Hvastovich]

they just fire people

[lee wood]

I respect the truth

[ibrahim maguiraga]

He has such a soothing voice

[Javier JP]

Literally what I was thinking. Got the perfect voice for the radio

[le th]

He had me enraptured....all the way up until he mumbled through his excuse for NOT having pay transparency. That's when he lost my confidence in his honesty and his seeming trustworthiness diminished. Still an interesting session and worth the time.

[Rami]

Interviewer is a brainy guy.

[Macro economics]

Another advantage of keeping cash is that you can benefit from low equity prices after a swift correction.

[Crisp & Skimmer LEOTARD Dj team ONE]

Great!

[Enrico Filippucci]

I love this "radical transparency" methodology. But, some time, the "machine" acts in different way that in the past. This happen not only for exceptional event but also because the spread of the knowledge can change the future. For example, if most of the people knows or believes that the end of the cycle is near, then the future will be different from the one we would get if most of the people believes we lives in a new "economic paradigm". So, if you follow your best peoples decisions, but in that moment main street or wall street (or both) have different opinions, you will be wrong. After 2 or 5 years you could be right but it will be useless. For this reason also your book, if well accepted, can change the way many "machine" works and for this reason many people, who don't see that the machine is now different, using this methodology will be wrong.

[Alvaro Rivero]

"I think this, I think that" equated with "opinion" is an absolutist assessment. More sagacious or pertinent understanding is needed. "I think this, I think that" would more innocently be appreciated as "this is my experience, this is my reality".

[Ok Ok]

I like the guy and his ideas. But. What if in the population there are a percentage of individuals who come across as believable and very persuasive. The flam man, the carasmatic cons, trial lawyer types, polished politician types that can sway opinion. Does that not influence and skew the algorithms? There would not be anything nefarious about the bias some individuals could inject into the outcome, it might be they have a stronger opinion, albeit wrong, based on their skewed experiences. They just come across as believable because their so convincing.

[Japanese Stock Investor]

I want to see Warren Buffett, on talks at google.

[NK1 INVEST]

more likely Apple, he doesn't invest in Google.

[Benjamin Jiin]

have you actively tried to hack your own system using a group system effort, using legal and illegal means? ie. an internal hijacking? if so, how far reaching can damage be done and what does your damage controles look like? this could be a very interesting exercise. how to go about undermining a strong foundation using a concerted slow and intelligent group effort.

[Benjamin Jiin]

I suggest doing this if you wish to create a government system that is arranged as a meritocracy. I do understand that this system alone or mixed with other systems could be extordinairilly useful in fostering an all buy in society. Which would have the effect of maybe a new age of enlightenment. We may actually see some very toxic thinking and behavior, that would aim to undermine and destroy a meritocracy via long since preexisting social networks of intelligent malicious individuals. Kind of like Holmes' Moriarty.

[The trading man高山流水大鳄鱼]

我做期货的欢迎大家讨论！我对你的建议是该花钱才花！不该花坚决不花！危机不会找上你，不要挣得少花的多！风险管理很重要！要学会感恩社会！挣了钱的要多施舍帮助贫穷的，当危机来的时候就可以的躲过去！风光无限的背后是因果轮回的形态！把多余的钱捐出去才是硬道理！人生不带来一点财富，人死不带走一分财富！

[Rory Mannion]

Regarding working in an environmemt without idea meritocracy 1:10:45 😂

[dil pagalho]

Great Idea, but wouldn't work in a large public organization that isn't controlled by an overlord like Dalio. Doesn't work when your compensation depends on the opinions of others. People will game the system to improve their compensation by going along with the crowd. Sometimes it's better to be liked than right. Rule of thumb to get ahead when working for others -- make sure your bosses like you. You can be a smuck as long as they like you, you're golden.

[le th]

That was my experience in publicly held companies, as well, and especially where the colleagues might be threatened by the intelligence and/or results of others. It's been my rather unfortunate experience that being like is more important at work than what you know AND what results you consistently produce.

[notNSA]

He thinks almost as well as me

[Neta Baughman]

Could we talk about the fact that there is no one in charge at the Labor Standatds and there are strategies used to kill workers.

[Chicago18]

I want to know what kind of tea ray is drinking?

[Truth vs. falsehood]

Google could use a lot of humility.

[Steven Cudnoch]

Legends say that if you had an egg at that talk and just cracked it over the interviewers head, that the egg would start sizzling

[Amy Powell]

Has it been open sourced?