Ep. 290 - Ray Dalio: Principles for Investing in a Meaningful Life (Tested Strategies from 1 of The World's Wealthiest Investors)

I wish I could take everything Ray Dalio said and turn it into a book. But he already did that. It’s called, “Principles: Life and Work.” And I’m going to be re-reading it for the rest of my life. He defines principles as “ways of successfully dealing with reality to get what you want out of life.” And he’s revealing how he used these principles to build BridgeWater Associates, (which manages $150 BILLION in assets. Globally.) He told me story after story. How he went broke. How he started over. How he built a community within the walls of business. How he wrote his book. Love his family, teaches his students, learns from life… “I think you're faced with choices. Those are the times that test your values…” “Being successful is hard,” he said. “But it’s a lot harder to live a life you don’t want.” Then he said, “habit is the main controller of all of us.” And (for me) it all came down to one formula: He said, “Dreams + reality + determination = a successful life.”   Show Notes: Principles: Life and Work by Ray Dalio Ray founded Bridgewater Associates, LP, a hedge fund that manages $150 billion in global investments. Listen to Ray’s TED Talk   “The Hero with a Thousand Faces” by Joseph Campbell “The Power of Habit: Why We Do What We Do in Life and Business” by Charles Duhigg (And you can listen to my interview with Charles - Ep. 161 – Charles Duhigg: Be Smarter, Faster, Better… And Most of All Be Free  Also check out this video from Ray if you want to learn more about economics.   Thanks so much for listening! If you like this episode, please subscribe to “The James Altucher Show” and rate and review wherever you get your podcasts: iTunes Stitcher iHeart Radio Spotify   Follow me on Social Media: Twitter Facebook Linkedin Instagram   ------------What do YOU think of the show? Head to JamesAltucherShow.com/listeners and fill out a short survey that will help us better tailor the podcast to our audience!Are you interested in getting direct answers from James about your question on a podcast? Go to JamesAltucherShow.com/AskAltucher and send in your questions to be answered on the air! ------------Visit Notepd.com to read our idea lists & sign up to create your own!My new book, Skip the Line, is out! Make sure you get a copy wherever books are sold!Join the You Should Run for President 2.0 Facebook Group, where we discuss why you should run for President.I write about all my podcasts! Check out the full post and learn what I learned at jamesaltuchershow.com ------------ Thank you so much for listening! If you like this episode, please rate, review, and subscribe to “The James Altucher Show” wherever you get your podcasts: Apple PodcastsiHeart RadioSpotify Follow me on social media:YouTubeTwitterFacebookLinkedIn