‘Pain plus reflection, equals progress’: Why billionaire investor Ray Dalio believes failures are great teachers
Ray Dalio, a billionaire investor and founder of Bridgewater Associates, expressed his belief that “difficulties and failures are great teachers”. In a shared video on the social media platform (formerly known as twitter), Ray Dalio said that it was a painful experience that changed it and leads to progress in its business.
In the video published in X, Ray Dalio states that “the power of the greatest failure has become the power of the biggest failure” and olmadı the difficulties and failures are great teachers ve and that “bitter plus reflection is equal to progress”, and that “really learns” is the principle.
‘Pain plus reflection is equal to progress’: ray dalio
Ray Dalio, “I really learned that a manager is equal to the progress of pain and reflection. I learned that lessons and difficult things and failures are great teachers, Ray says Ray Dalio at the beginning of the video.
“I want to tell you what’s really stuck in my mind, but it was painful,” he added when asked about painful experiences that lead him to progress in life.
“A long time ago, I calculated that American banks borrowed more money to foreign countries than they would pay back, and that we would have a debt crisis. And this is very controversial.
In August 1982, Mexico’s debts fell to the default, “I care very carefully … I witnessed the Congress … I was in Wall Street Week. And I thought we would have a big debt crisis and that the stockman fell too much.”
‘I was free and humiliated, it was a bad experience’
“And I could not be wrong! And I lost money for me. I lost money for my customers. This is small and starts and I have to borrow $ 4,000 from my father to pay family bills. So I was broken and humiliated and a bad experience.”
Ray Dalio, a full circle in his message, said, ım I paused and reflected in this experience, now I said how will I be without having the downward direction? What should I do?
Ray Dalio: ‘Pain has the purpose’
Similar thought was expressed by Ray Dalio last week in a article, where the “principle of the day” “nature pains us for a purpose”.
“To realize that we want to develop with birth and that other things we go to, even though it is beautiful, will not continue our happiness, helping me focus on my goals to contribute to development and evolution.”
“Even though we don’t like pain, everything that nature does has a purpose, so nature has pain for us for a purpose. So what is its purpose? It warns us and helps us to direct us.
