In this episode, Ryan and Lach discuss the book Principles by Ray Dalio. 

They discuss Ray's life from his humble beginnings through to running the most successful private hedge-fund in the world - Bridgewater Associates with over 1500 employees and $80b under management.

We explore how he sees the world, specifically his approach to learning, the failures he has had, his work, and how he approaches life in general. 

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Ray Dalio - Running the world’s most successful private hedge-fund (Ep. 001 Abstractable)

00:00  - Opening remarks | Context of the book

07:13 - The Book

13:28 - Ray Dalio’s life

18:39 - Young Ray Dalio

20:09 - Dalio’s First Investment

21:14 - First Principle

46:15 - Ray Dalio’s failures

1:01:19 - What is Radical truth?

1:08:32 - Working with transparency

1:11:42 - Pain + Reflection = Progress

1:22:40 - The Five steps process of continually evolving

1:33:37 - Why you should write down your Principles

1:42:59 - Wrap up

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We hope you enjoy.

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