Ray Dalio: the single biggest portfolio flaw keeping you poor

Episode 842: Sam Parr and Shaan Puri sit down with Ray Dalio to talk about the holy grail of investing strategies.
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Show Notes:
(0:00) Intro
(0:49) Hitting rock bottom
(8:28) Personality traits of the 1%
(14:22) Partnerships that win
(18:25) Pain + Reflection = Progress
(23:30) What’s the money for anyway?
(26:26) Principles
(28:41) Ray’s hiring philosophy
(30:43) Being a caddy
(35:16) Mistakes smart investors make
(37:01) What Ray spends his money on
(39:13) Aliens
(41:00) The 5 Big Forces
(46:35) Investing in Gold and Bubble Mechanics
(52:55) How Bridgewater became the biggest hedge fund
(55:40) The gap between the best and everyone else
(59:26) The 1 Big Takeaway