
28 segments available
Ray Dalio turned $5 into $160 billion by decoding how empires rise and fall. Now he warns: America is in decline, the UK is in trouble, China is gaining power…and your wealth could be in danger UNLESS you act fast. Ray Dalio is a legendary investor, billionaire, and founder of Bridgewater Associates, the world’s largest hedge fund with over $160 billion in assets under management. He is also the bestselling author of 5 books, including:, ‘How Countries Go Broke: Principles for Navigating the Big Debt Cycle, Where We Are Headed, and What We Should Do’. He explains: ⬛ The harsh financial truth about Britain’s future and why millionaires are fleeing ⬛ The psychological trick billionaires use that most people never learn ⬛ The "Pain + Reflection = Progress" formula that changed Ray’s life ⬛ The dangerous wealth myth that’s quietly keeping most people broke ⬛ Why chasing success the wrong way could destroy your future ⬛ Why America’s decline is part of an inevitable 500-year cycle 00:00 Intro 05:21 Where Should I Be Living as an Entrepreneur? 06:17 What's Your Honest Perspective of the UK? 11:33 Are You Optimistic About the Future of the UK? 12:59 Are You Optimistic About the US? 15:06 How to Predict What's Coming 16:51 Will the US Dominate Global Power Soon? 21:53 How Would You Fix the UK? 25:14 What Happens Next in History? 28:46 Where Are We in the Predictable Timeframes? 30:20 How Should We Counteract These Risks? 32:39 Most Valuable Skills to Learn Right Now 35:30 What Games to Play in Different Life Seasons 37:42 The Most Important Strategic Decision I Made 43:54 Ads 44:58 The Best Way to Deal With Pain 48:48 How Do I Become a Principle Thinker? 50:28 The Power of Meditation 55:48 Are You Religious? 58:07 How Important Is Hard Work? 59:47 The Importance of Being Open-Minded 01:05:03 How to Be a Better Decision Maker 01:08:50 How Do You Find Honest People? 01:11:09 Why Companies Become Less Innovative 01:14:03 How Do You Find Exceptional People? 01:17:31 Ads 01:19:14 What's Your View on AI? 01:28:28 Top 3 Book Recommendations Follow Ray: TikTok - https://bit.ly/4ggWltw YouTube - https://bit.ly/4m5T9Cc X - https://bit.ly/3V8KTqc You can purchase Ray’s book, ‘How Countries Go Broke’, here: https://amzn.to/44LSPCO The Diary Of A CEO: ⬛ Join DOAC circle here - https://doaccircle.com/ ⬛ Buy The Diary Of A CEO book here - https://smarturl.it/DOACbook ⬛ The 1% Diary is back - limited time only: https://bit.ly/3YFbJbt ⬛ The Diary Of A CEO Conversation Cards (Second Edition): https://g2ul0.app.link/f31dsUttKKb ⬛ Get email updates - https://bit.ly/diary-of-a-ceo-yt ⬛ Follow Steven - https://g2ul0.app.link/gnGqL4IsKKb Sponsors: Fiverr - https://www.fiverr.com/diary with code DIARY for 10% off your first order Linkedin Ads - https://www.linkedin.com/DIARY
"Pay attention. Pain plus reflection equals progress. And from that principle, my company became the largest hedge fund in the world. >> Managing how much? >> 150 billion dollars. But I learned that hi..."
"an entrepreneur and I want to build a technology company, do you think I should be in the UK or the US? I think you should be in the US. Why? The US has a culture of um entrepreneurship, inventiveness..."
"So, what is your honest perspective about the UK at the moment? The UK has a financial problem. Uh the government has a debt problem. It doesn't have enough money for what it wants to do and what it c..."
"Are you optimistic about the the future of the UK at the moment? No. No. Because it has high debt, it has the social internal conflict, it has it's affected by the geopolitical factors. And in terms o..."
"But are you are you optimistic about the United States at the moment? The United States is very much a big picture. No, I think it's very much in this issue. This So, if I go down my list, it definite..."
"Give me that historical context if you can just for for The technology, for example, nuclear Yeah. Nuclear won World War II. And and does this cycle go back further than just >> Oh, no, it goes back t..."
"think it's conceivable that in the next 50 to 100 years the US could no longer be the dominant power globally? Yeah. Yeah, more than conceivable. More than conceivable. What do what do you what do you..."
"point of the UK in particular. If if you were to try and fix it, what would you be aiming at? I say this because we do have a millionaire exodus that's widely reported in the UK where I think this yea..."
"other. What happens next in history? Well, usually there's a big fight for control. Political revolutions and things like that. The system breaks down because they don't trust the system. So will the ..."
"Do you think much about time frames and cuz I when I was watching the fifth when I was going through the changing world order, there seems to be somewhat consistent or predictable time frames when the..."
"For me and my family though, in terms of risks and how I should um counteract those risks. Is it a case of me saving for a rainy day? Is it a case That's part of it. Yeah. Um there's a there's a sayin..."
"And on the point of earning, spending, and saving wondered what you you're a You're a a father, aren't you? Yeah. What what advice are you giving to your children about earning money in the in the cur..."
"Based on your life cycle in this book, Principles: Your Guided Journey, Create Your Own Principles to Get the Work and Life You Want do you think you have to play different games in different seasons ..."
"I want to ask about your early life cycle and what the most important strategic or wealth-generating decisions you made that you would encourage everybody to consider if their nature is aligned to you..."
"I think B2B marketers keep making this mistake. They're chasing volume instead of quality. And when you try to be seen by more people instead of the right people, all you're doing is making noise, but..."
"Just for context, people don't like talking about money and I understand it, but you're a prolific philanthropist. Also, Google says that your net worth is in the tens of billions of dollars and I'm s..."
"Two questions I had there is to become a principle thinker, I need to do more reflection right? And then the other thing is >> Yeah, think about how does how does the machine, how does how does life, ..."
"very powerful. And meditation, by the way, naturally does that, because what you do when you meditate and maybe a time's coming I should explain meditation. Okay, how it works. Um what you do is it's ..."
"you religious? Are you a religious person? I'm not religious, but I'm spiritual. Okay. The Dalai Lama, who I had the pleasure of meeting, told me uh and I I agree with um that religions are typically ..."
"When it comes to living a a successful life, you we've talked about having dreams and understanding your nature and aspiring for things and then understanding reality, which transcendental meditation'..."
"And being open-minded while you do it? Something that was really important to you. >> Yeah. I say importance of being open-minded and assertive at the same time. Um I I I watch people becoming so tied..."
"Is there any advice you would give me on becoming a better decision-maker? So, I have a fund, I have many businesses. Is there any sort of practical simple foundations of becoming a better decision-ma..."
"you do that Bridgewater? How did you make people honest? Uh well, uh fir- first of all, um I had a policy, talk behind another person's back um critically. That happens three times, you're out. And th..."
"a famously built an idea meritocracy, which in my understanding means where the best idea ends up winning in the company versus just your idea because you're the most powerful person in the business. ..."
"33 years old. I just turned 33 last week. It's crazy how how often people say that hiring is the most important thing. Yet when you look at how what entrepreneurs are spending their time on, it's usua..."
"Make sure you keep what I'm about to say to yourself. I'm inviting 10,000 of you to come even deeper into the Diary of a CEO. Welcome to my inner circle. This is a brand new private community that I'm..."
"AI is a bit of an alien that seems to have entered the room um and has is going to change Every every every industry. Great. Yeah. I can't tell if you're being sarcastic. No. Truly. If you are working..."
"We have a closing tradition on this podcast where the last guest leaves a question for the next, not knowing who they're leaving it for. You know this person. Um because I've seen you with them. Um th..."