Key Takeaways
- • Gary Vaynerchuk hosted Ray Dalio on the #AskGaryVee podcast (Episode 275) to discuss Dalio's new book "Principles" and the philosophy behind Bridgewater Associates, which Dalio built into the world's largest hedge fund.
- • Dalio and Vaynerchuk identified shared views on self-awareness, the importance of failure, macro patience, and balancing ego with humility as the two most important elements of success.
- • The conversation covered how meditation helped Dalio become self-aware, how he began his career at age 12 and became involved with the stock exchange, and his favorite principle from his book.
- • Dalio committed to donating $10 to a charity of each buyer's choice for every book purchased on Amazon, with more than 10,000 charities available.
Summary
Gary Vaynerchuk published an episode of his #AskGaryVee series on December 8, 2017, featuring legendary investor, hedge fund manager, and philanthropist Ray Dalio. The discussion centered on Dalio's new book "Principles," which sets out the formulas and concepts he has used to build Bridgewater Associates into the world's largest hedge fund. Vaynerchuk described the conversation as a comparison between Dalio's principles and his own "macro thesis" for building VaynerMedia and his personal brand, noting that the two share an unusually similar philosophy.
According to Vaynerchuk, the two men agreed on self-awareness, the importance of failure, macro patience, and the idea that balancing ego and humility is among the two most important aspects of success. The discussion also touched on how meditation helped Dalio develop self-awareness, his ability to separate himself from his own opinions to gain a higher-level perspective, and how he began his career at age 12 and became involved with the stock exchange. Vaynerchuk also asked whether a person can remain in a constant state of awareness, and the episode addressed how individuals with depression or bipolar disorder can live better lives.
The episode also included a community question submitted by entrepreneur Tim Ferriss. Dalio's book initiative includes a giving program under which he will donate $10 to the charity of the reader's choice for every copy purchased on Amazon, with over 10,000 charities eligible. The source is a Vaynerchuk publisher post; no independent financial data, fund figures, or performance metrics were reported in the article.
According to Vaynerchuk, the two men agreed on self-awareness, the importance of failure, macro patience, and the idea that balancing ego and humility is among the two most important aspects of success. The discussion also touched on how meditation helped Dalio develop self-awareness, his ability to separate himself from his own opinions to gain a higher-level perspective, and how he began his career at age 12 and became involved with the stock exchange. Vaynerchuk also asked whether a person can remain in a constant state of awareness, and the episode addressed how individuals with depression or bipolar disorder can live better lives.
The episode also included a community question submitted by entrepreneur Tim Ferriss. Dalio's book initiative includes a giving program under which he will donate $10 to the charity of the reader's choice for every copy purchased on Amazon, with over 10,000 charities eligible. The source is a Vaynerchuk publisher post; no independent financial data, fund figures, or performance metrics were reported in the article.
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