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#264: Ray Dalio, The Steve Jobs of Investing

The Tim Ferriss Show

Release Date: 09/13/2017

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The Tim Ferriss Show

Bob Metcalfe () is an MIT-Harvard-trained engineer-entrepreneur who became an Internet pioneer in 1970, invented Ethernet in 1973, and founded 3Com Corporation in 1979. About 1.2B Ethernet ports were shipped last year — 400M wired and 800M wireless (Wi-Fi). 3Com went public in 1984, peaked at $5.7B in annual sales in 1999, and after 30 years became part of HP last year. Bob was a publisher-pundit for IDG-InfoWorld for about 10 years and a venture capitalist for about 10 years with Polaris Venture Partners, where he continues as a Venture Partner. Bob is a member of the National Academy of...

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The Tim Ferriss Show

 () is the author of several books, including the New York Times bestsellers , , , and . She has an enormous readership, both in print and online, and her books have sold three million copies worldwide, in more than thirty languages. On her popular weekly podcast, , she discusses good habits and happiness with her sister Elizabeth Craft; they’ve been called the “Click and Clack of podcasters.” Her podcast was named in iTunes’s lists of “Best Podcasts of 2015” and was named in the Academy of Podcasters “Best Podcasts of 2016.” Fast Company named...

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The Tim Ferriss Show

Terry Crews () is an actor and former NFL player (Los Angeles Rams, San Diego Chargers, Washington Redskins, and Philadelphia Eagles). His wide-ranging credits include the original viral Old Spice commercials, television series such as The Newsroom, Arrested Development, and Everybody Hates Chris, and films including White Chicks, The Expendables franchise, Bridesmaids, and The Longest Yard. He now stars on the Golden Globe award-winning Fox sitcom Brooklyn Nine-Nine. In 2014, Terry released his autobiography, . Enjoy! This podcast is...

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The Tim Ferriss Show

Mike Maples, Jr. () is the man who taught me how to invest. He’s one of my favorite people and a personal mentor. He is a partner at , a venture capital firm that specializes in micro-cap investments in startups. He has been on the Forbes Midas List since 2010 and named one of Fortune magazine’s  “ Before becoming a full-time investor, Mike was inolved as a founder and operating executive at back-to-back starup IPOs, including Tivoli Systems (acquired by IBM) and Motive (acquired by Alcatel-Lucent). Some of Mike’s investments include Twitter,...

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Ray Dalio (@raydalio) grew up a middle-class kid from Long Island. He started his investment company Bridgewater Associates out of a two-bedroom apartment at age 26, and it now has roughly $160 billion in assets under management. Over 42 years, he has built Bridgewater into what Fortune considers the fifth most important private company in the U.S.

Along the way, Dalio became one the 100 most influential people in the world (according to Time) and one of the 100 wealthiest people in the world (according to Forbes). Because of his unique investment principles that have changed industries, aiCIO Magazine called him "the Steve Jobs of investing."

Ray believes his success is the result of principles he's learned, codified, and applied to his life and business. Those principles are detailed in his new book Principles: Life and Work.

In this interview, we cover a lot, including:

  • How Ray thinks about investment decisions, how he thinks about correlation, etc.
  • The three books he would give to every graduating high school or college senior
  • How he might assess cryptocurrency
  • And much, much more...

Enjoy!

This podcast is brought to you by Four SigmaticI reached out to these Finnish entrepreneurs after a very talented acrobat introduced me to one of their products, which blew my mind (in the best way possible). It is mushroom coffee featuring chaga. It tastes like coffee, but there are only 40 milligrams of caffeine, so it has less than half of what you would find in a regular cup of coffee. I do not get any jitters, acid reflux, or any type of stomach burn. It put me on fire for an entire day, and I only had half of the packet.

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This podcast is brought to you by Athletic GreensI get asked all the time, "If you could only use one supplement, what would it be?" My answer is, inevitably, Athletic GreensIt is my all-in-one nutritional insurance. I recommended it in The 4-Hour Body and did not get paid to do so. As a listener of The Tim Ferriss Show, you'll get 30 percent off your first order at AthleticGreens.com/Tim.

Show notes and links for this episode can be found at tim.blog/podcast.