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Listen "SharkPod #79 "Principles by Ray Dalio " - A Book Breakdown with Luke and Mark"
Episode Synopsis
What is up SharkNation!
On this episode of the SharkPod, Luke and Mark break down the popular book "Principles" by Ray Dalio.
Dalio ran the biggest hedge fund in the world (Bridgewater) for decades and now, after retiring from running the day to day, he spends his time sharing his learnings through books, podcasts, and his YouTube channel.
The focus of 2021 for Luke was to "get his money right" and start to build a real investment strategy. Luke came across Dalio's investment advice while reading Tony Robins' book "Money: Master the Game" where Ray share's with the world his investment strategy.
Key Takeaways:
1. You need a goal, a mission, a vision to go after. One of Dalio's principles is "Do what you set out to do". He believes that following a dream helps to create a successful life.
2. Everything is a machine. Dalio's sees the whole universe, the economy, the company and the individual as interlocking machines. This take allows him to design investment strategies and company designs to create his desired outcomes.
3. Embrace reality and deal with it. Dalio sees himself as a hyper realist and claims that in order to become successful, you must not worry about what should be and only what is.
4. There is a 5 step process to produce successful results. This simple step by step approach has allowed Dalio to build a very successful career - the guys listen in to Ray explain the steps to the listeners.
Luke and Mark would recommend this book to any entrepreneur or business person. It's a real treasure trove of advice.
Link to book:https://www.amazon.co.uk/Principles-Life-Work-Ray-Dalio/dp/
For Feedback: [email protected]"
On this episode of the SharkPod, Luke and Mark break down the popular book "Principles" by Ray Dalio.
Dalio ran the biggest hedge fund in the world (Bridgewater) for decades and now, after retiring from running the day to day, he spends his time sharing his learnings through books, podcasts, and his YouTube channel.
The focus of 2021 for Luke was to "get his money right" and start to build a real investment strategy. Luke came across Dalio's investment advice while reading Tony Robins' book "Money: Master the Game" where Ray share's with the world his investment strategy.
Key Takeaways:
1. You need a goal, a mission, a vision to go after. One of Dalio's principles is "Do what you set out to do". He believes that following a dream helps to create a successful life.
2. Everything is a machine. Dalio's sees the whole universe, the economy, the company and the individual as interlocking machines. This take allows him to design investment strategies and company designs to create his desired outcomes.
3. Embrace reality and deal with it. Dalio sees himself as a hyper realist and claims that in order to become successful, you must not worry about what should be and only what is.
4. There is a 5 step process to produce successful results. This simple step by step approach has allowed Dalio to build a very successful career - the guys listen in to Ray explain the steps to the listeners.
Luke and Mark would recommend this book to any entrepreneur or business person. It's a real treasure trove of advice.
Link to book:https://www.amazon.co.uk/Principles-Life-Work-Ray-Dalio/dp/
For Feedback: [email protected]"
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26/05/2022
SharkPod #107 ”The Shy Baby Gets No Sweets” - Rob Halligan - Co-Founder and COO of PitchedIt
09/03/2022
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