# Ray Dalio: The principles that made me a billionaire

Page: https://stenobird.com/podcast/my-first-million-438184/ray-dalio-the-principles-that-made-me-a-billionaire
Text version: https://stenobird.com/podcast/my-first-million-438184/ray-dalio-the-principles-that-made-me-a-billionaire.md
Podcast: [My First Million](https://stenobird.com/podcast/my-first-million-438184)
Published: 2026-07-17T09:00:00+00:00
Episode link: https://pdst.fm/e/traffic.megaphone.fm/HS4992688292.mp3
Audio file: https://pdst.fm/e/traffic.megaphone.fm/HS4992688292.mp3
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JSON: https://stenobird.com/v1/public/podcasts/my-first-million-438184/episodes/ray-dalio-the-principles-that-made-me-a-billionaire
Duration seconds: 3771

## Resource

Ray Dalio's rules for building wealth: https://clickhubspot.com/rgsk Episode 842: Sam Parr ( https://x.com/theSamParr ) and Shaan Puri ( https://x.com/ShaanVP ) sit down with Ray Dalio ( https://x.com/RayDalio ) to talk about the holy grail of investing strategies. — 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 — Links: • Ray’s Personality Test - https://principlesyou.com/  • Bridgewater Associates - https://www.bridgewater.com/  — Check Out Sam's Stuff: • Hampton (joinhampton.com): My community for founders. Average member does $25m/year. Many of the guests are members. Get after it...apply: http://joinhampton.com/mfm — Check Out Shaan's Stuff: • Shaan's weekly email - https://www.shaanpuri.com  • Visit https://www.somewhere.com/mfm to hire worldwide talent like Shaan and get $500 off for being an MFM listener. Hire developers, assistants, marketing pros, sales teams and more for 80% less than US equivalents. • Mercury - Shaan uses Mercury across all of his companies. you can too: http://mercury.com/  Mercury is a fintech company, not an FDIC-insured bank. Banking services provided by Choice Financial Group, Column, N.A., Members FDIC • I run all my newsletters on Beehiiv and you should too + we're giving away $10k to our favorite newsletter, c…

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