2000 words after reading "Principles" Ray Dalio, as an influential hedge fund founder in the financial world, has led Bridgewater Associates for thirty years and is all-powerful.
Like his close friend Steve Jobs, he was obsessed with meditation for a while. They both have super creativity and can constantly correct and learn from major mistakes to evolve themselves.
The "Principles" are his universal guidance on life and investment in his past experiences.
Throughout the afternoon, I tried to have a remote conversation with Ray Dalio.
Human beings are so small. No matter how hard and diligent they are, and how accurately they study the world, he said, you can't really predict what will really happen next. This is called "uncertainty."
Attack without defense, in global foreign exchange markets and bond research, is what “uncertainty” has done to bankrupt several of his wealthiest friends.
Dalio himself went bankrupt twice, and in the end he was the only one left in the company. But thanks to his principles, he could always experience the rebirth of a "phoenix" like a phoenix.
In his view, how to establish a defensive mechanism and form an adaptable operating system is also called a "principle."
According to Dalio, if you want to survive in the highly competitive biological jungle, you must continue to evolve.
Resources are always limited, and it is no accident that 20% of people control 80% of resources.
No matter which field, there is always a small group of people who are particularly outstanding. They are the heroes who formulate and dominate various rules.
For example, Leonardo da Vinci, Newton, Franklin, Einstein, Churchill, Jobs, Bill Gates...etc.
In the current Chinese business world, this phenomenon is even worse. In the venture capital market, Sequoia Capital can basically accurately position itself on every major trend track; Alibaba and Tencent, as the best Internet giants in China, have achieved dominance in various segments.
, forcing small and medium-sized startups to become Alibaba and Tencent companies; Huawei focuses on research and development in the telecommunications field and has dug a deep enough moat that it rarely encounters opponents. These are not accidental.
If you read it carefully, you will find that as the founder of a hedge fund, after a long period of financial freedom, money is no longer his only pursuit. He is pursuing a happy life and harmonious interpersonal relationships.
He tried to do something challenging.
He has a high level of additional interest in neuroscience, brain science, and psychology, and tries to communicate with experts in various fields to gain a fully open mind. The latter is the reason for his career success that he is most proud of.
magic weapon.
The energy in the world is mutually conserved, and no one can continue to "occupy" any wealth, including Ray Dalio.
As an animal existence, human beings need a certain amount of money to purchase living materials and maintain their own lives.
Therefore, without money, you absolutely cannot do it, but once money exceeds the standard, it will become increasingly unimportant.
I have always believed that money, among the five elements, belongs not only to gold but also to water. It can be possessed for a while, but then it may be gone in an instant.
Yesterday, May 10, Mr. Li Ka-shing officially retired. As we all know, Hong Kong's CK Hutchison Group created an asset myth, making him the richest man in China for a time.
One can imagine how huge his personal wealth has been over the past few decades.
Maybe many people are envious of his huge assets, but in fact, he is just a mortal. The world is so wonderful and great, and this small amount of wealth is simply insignificant in the long history of world development.
Instead of envying the wealth he created, it is better to respect his values ??in life.
A 90-year-old man has almost never rested. He has been busy in his career all his life and finally donated a lot of wealth for education and medical care. This is really respectable.
I think Mr. Li Ka-shing must have seen through the essence of money, so that wealth can continuously gather in him. As the saying goes: take it from the people and use it for the people.
Therefore, the human heart is really wonderful. Often a transformation of thinking can change everything. Once you see through something, there is nothing left to cling to.
Dalio believes that in addition to wealth, a healthy and positive outlook on life is extremely important.
We must first learn to get along with ourselves.
Let yourself become happy regardless of whether you have wealth or not.
Many people are in danger of having wealth but not being happy.
Many people work hard all their lives for cars, houses, yachts, riverside mansions, etc. Once they have them, they may not be happy, which is really sad.
Looking at Dalio from the perspective of looking down rather than looking up, I wonder, is he satisfied as an excellent hedge fund founder?
In the later years of his life, what else does he want to do?
Has he realized his ideal?
Yes, he manages the world's largest hedge fund (150 billion U.S. dollars in asset management). His team has the best talents, and he designed an assembly-line hedge fund management process.
It can be said that over the years, he has been surrounded by all kinds of flowers and applause.
But he was exhausted and couldn't concentrate. He said that even though he worked 80 hours a week, managing assets and managing the company at the same time, he was still not at his best and had not enough time.
Clearly, he was tied down.