*Ray Dalio's rules for building wealth:* https://clickhubspot.com/ub8a
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.
—
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
—
Links:
• Ray’s Personality Test - https://principlesyou.com/
• Bridgewater Associates - https://www.bridgewater.com/
—
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
—
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 /
Ray Dalio: The principles that made me a billionaire
Here’s something that might surprise you — Ray Dalio credits his billion-dollar success to a simple set of principles rooted in radical honesty and self-awareness. According to My First Million, Dalio learned early on that embracing pain and reflection is the secret sauce to progress. He emphasizes that smart investing isn’t about predicting the future but understanding the big forces at play — like how markets behave during bubbles or crashes. Now, here’s where it gets interesting — Dalio’s approach to building wealth involves clear principles, not just gut feel. He’s all about creating a culture of transparency, hiring for character, and constantly learning from mistakes. My First Million reports that his success at Bridgewater came from disciplined decision-making, which anyone aiming for a high level should consider. So what’s the takeaway? The real edge isn’t luck or flashy tactics — it’s developing a set of unwavering principles that guide every move.
Audio Transcript
*Ray Dalio's rules for building wealth:* https://clickhubspot.com/ub8a
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.
—
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
—
Links:
• Ray’s Personality Test - https://principlesyou.com/
• Bridgewater Associates - https://www.bridgewater.com/
—
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
—
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 /
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