Ray Dalio: The principles that made me a billionaire

Ray Dalio's rules for building wealth: https://clickhubspot.com/rgsk

Episode 842: Sam Parr ( https://x.com/theSamParr ) and Shaan Puri ( https://x.com/ShaanVP ) sit down with Ray Dalio ( https://x.com/RayDalio ) to talk about the holy grail of investing strategies.

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Show Notes:

(0:00) Intro

(0:49) Hitting rock bottom

(8:28) Personality traits of the 1%

(14:22) Partnerships that win

(18:25) Pain + Reflection = Progress

(23:30) What’s the money for anyway?

(26:26) Principles

(28:41) Ray’s hiring philosophy

(30:43) Being a caddy

(35:16) Mistakes smart investors make

(37:01) What Ray spends his money on

(39:13) Aliens

(41:00) The 5 Big Forces

(46:35) Investing in Gold and Bubble Mechanics

(52:55) How Bridgewater became the biggest hedge fund

(55:40) The gap between the best and everyone else

(59:26) The 1 Big Takeaway

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Links:

• Ray’s Personality Test - https://principlesyou.com/ 

• Bridgewater Associates - https://www.bridgewater.com/ 

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Check Out Sam's Stuff:

• Hampton (joinhampton.com): My community for founders. Average member does $25m/year. Many of the guests are members. Get after it...apply: http://joinhampton.com/mfm

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Check Out Shaan's Stuff:

• Shaan's weekly email - https://www.shaanpuri.com 

• Visit https://www.somewhere.com/mfm to hire worldwide talent like Shaan and get $500 off for being an MFM listener. Hire developers, assistants, marketing pros, sales teams and more for 80% less than US equivalents.

• Mercury - Shaan uses Mercury across all of his companies. you can too: http://mercury.com/ 

Mercury is a fintech company, not an FDIC-insured bank. Banking services provided by Choice Financial Group, Column, N.A., Members FDIC

• I run all my newsletters on Beehiiv and you should too + we're giving away $10k to our favorite newsletter, check it out:

beehiiv.com/mfm-challenge

My First Million is a HubSpot Original Podcast // Brought to you by HubSpot Media // Production by Arie Desormeaux // Editing by Ezra Bakker Trupiano /