YouSaid · the spoken record

Ray Dalio

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119
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2017-09-13
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2017-09-13
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1
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  1. “The books I'd give them would be Lessons from History. This is The Durants. They were maybe the greatest historians of all time anyway 5,000 years of history, probably wrote 5,000 pages on it, and they took this book, I think it's 104 pages, and they took the themes of history. It could be from religion, natural resources. Who knows each one of these things. And they looked at it for themes of history through history. I think that that would be great. River from Eden by Dawkins, Richard Dawkins, another very short book on evolution.”

    2017-09-13 · The Tim Ferriss Show · #264: Ray Dalio, The Steve Jobs of Investing · IDENTIFIED FROM THE TRANSCRIPT

  2. “So it's an eclectic group of interests interested in nature a lot. So I tend to, I'm also particularly interested in the ocean, so I will read about nature and the ocean. These are just curiosities, but they become themes, I guess. I'm not interested in cooking. I'm not interested in like a whole bunch of things. So they do come in these categories.”

    2017-09-13 · The Tim Ferriss Show · #264: Ray Dalio, The Steve Jobs of Investing · IDENTIFIED FROM THE TRANSCRIPT

  3. “I would suppose that each one is different because of their themes of interest. I'm fascinated by evolution. I think evolution is the greatest force in the universe and the purpose of everything is to evolve. We as individuals are just vessels for our DNA is evolving. So I'm fascinated in evolution. I'm fascinated in how the brain works. The Greek heroes very, very, very interested in terms of one of the greatest books is Joseph Campbell's Hero of A Thousand Faces, which takes the character of going through life and what are the attributes that different people have. So difference in values.”

    2017-09-13 · The Tim Ferriss Show · #264: Ray Dalio, The Steve Jobs of Investing · IDENTIFIED FROM THE TRANSCRIPT

  4. “Where one side is fighting the other side. This is a matter of principles. We're talking about principles again. Are the principles that hold us together as Americans greater than those that divide us? How are we going to be with each other? So this understanding. All of these perspectives, I think, is very important at the time.”

    2017-09-13 · The Tim Ferriss Show · #264: Ray Dalio, The Steve Jobs of Investing · IDENTIFIED FROM THE TRANSCRIPT

  5. “Yeah, I think right now we're in the midst of an era that's very much like the 30s that is in which This wealth and opportunity gap and the populism that is being large is a defining moment of our time. And this exists around the world. If economies were to go down now, I do believe that there would be a great deal of conflict. And I think that we're seeing the conflict play out politically. Not only in the United States, but you're seeing it in different places or interactions. I think it's the defining issue of, maybe that's overreaching, but it is certainly one of the most important issues of our time. And I mean this year, next year, the year following, because that's the basis at which are we going to have conflict or”

    2017-09-13 · The Tim Ferriss Show · #264: Ray Dalio, The Steve Jobs of Investing · IDENTIFIED FROM THE TRANSCRIPT

  6. “Bottom 60% of the population and what the world in life and the economy is like for them because there are two different economies in the world. The average is very, very misleading. The top two tenths of 1% of the population as a net worth, which is about equal to the bottom 90% combined. And so I'm researching more about what that's like. It's quite a bleak, difficult picture. So that's the thing I'm researching right now.”

    2017-09-13 · The Tim Ferriss Show · #264: Ray Dalio, The Steve Jobs of Investing · IDENTIFIED FROM THE TRANSCRIPT

  7. “I do mostly original research. So in addition to, I mean, looking through books and going through it, like I really like to get into the data, I mean, I'm a researcher, basically.”

    2017-09-13 · The Tim Ferriss Show · #264: Ray Dalio, The Steve Jobs of Investing · IDENTIFIED FROM THE TRANSCRIPT

  8. “I have sapiens, I have the Greek hero, Michael Lewis is the undoing project, the upside of inequality, the Serengeti rules from bacteria to Bach and BAC, which is about the evolution of the mind, a magic web. I don't know, there's a whole pile over there.”

    2017-09-13 · The Tim Ferriss Show · #264: Ray Dalio, The Steve Jobs of Investing · IDENTIFIED FROM THE TRANSCRIPT

  9. “Where I'm enjoying the flavor of the wording and the sentence structure and the beauty or the thoughtfulness in that I really want to take that in. And I don't want to scan. It'll vary. I like to get the most out of each book as quickly as I can because the number that I'm trying to go through is comparatively large. So I've got a pile of books here sitting in front of me and they torment me because they tempt. I'm very curious. I would say curiosity. Is a big motivator for mine. So the world has got much too much to offer relative to my capacity to digest it.”

    2017-09-13 · The Tim Ferriss Show · #264: Ray Dalio, The Steve Jobs of Investing · IDENTIFIED FROM THE TRANSCRIPT

  10. “The book was given to me because people know that I like that stuff. And the way I read... It depends on what I'm reading, but I will kind of skim, and it depends on how much time and a lot of things. But generally speaking, I'll try to go through a book pretty quickly by being able to sort out what the main ideas are from the digressions. So there's kind of a little bit of a strategy. You know how, like they'll tell you the story and the story and the story might go on for a while. And then it then gets to the point they're trying to make. So when I'm going through the stories, I might go quicker. I might be scanning for the top of the paragraph to get an idea what they're doing and then go into the section that I'm most interested. I would say I would be typically reading that way unless it is something in which there's not that sort of a book that there's either something”

    2017-09-13 · The Tim Ferriss Show · #264: Ray Dalio, The Steve Jobs of Investing · IDENTIFIED FROM THE TRANSCRIPT

  11. “I mean, a terrible anything that doesn't have a reason for being what it is, I practically can't remember, I can't remember phone numbers, you know, names, anything along those lines. So I tend to learn not by being Taught or going to my memory, I learned through my experiences and And my kind of more subliminal learning.”

    2017-09-13 · The Tim Ferriss Show · #264: Ray Dalio, The Steve Jobs of Investing · IDENTIFIED FROM THE TRANSCRIPT

  12. “I remember nice kind people, not a mentor. I couldn't go to a mentor, but I remember somebody who when I was caddying and he was clerking on the floor of the New York Stock Exchange, a very successful Wall Street guy, and I used to caddy for him. And we would talk about markets. And he gave me not only advice, but there was the kindness and the caring and the direction that was helpful. I don't know that he was an ongoing mentor, but he was a role model in many ways and did provide guidance. So maybe I think maybe he was, but not an ongoing mentor. I remember teachers served that role. But not much. Most of my learning has Been from mistakes. I have a terrible wrote memory, by the way.”

    2017-09-13 · The Tim Ferriss Show · #264: Ray Dalio, The Steve Jobs of Investing · IDENTIFIED FROM THE TRANSCRIPT

  13. “Understand that completely because that's what my son does. I mean, that's my son's reaction. If you want to talk about it in a more serious way, I'm quite an expert on the whole thing, the best doctors. I really believe that I could probably be of some help if you feel that it's not entirely under control.”

    2017-09-13 · The Tim Ferriss Show · #264: Ray Dalio, The Steve Jobs of Investing · IDENTIFIED FROM THE TRANSCRIPT

  14. “There was these mood shifts, but there is also an unbelievably high percentage of those people are creative. So in certain professions and so on. But anyway, I just want to compliment you or express my appreciation for you having this conversation and being so open with it. And I'm sure you would say, as my son would, it's very helpful because when everybody around you understands it, it's helpful to you too.”

    2017-09-13 · The Tim Ferriss Show · #264: Ray Dalio, The Steve Jobs of Investing · IDENTIFIED FROM THE TRANSCRIPT

  15. “Abraham Lincoln and Winston Churchill and Tchaikovsky, the list goes on and on of unbelievably great, brilliant, creative people simultaneously been challenged by this. And by making people aware in one dimension or another, either whether they're dealing with somebody who has such a challenge or to destigmatize it and realize like I look at you, what a role model you are. And by being open about that particular challenge, people can really appreciate that. We have a number of bipolar people who work here, and when you know how to deal with it, there are tremendous advantages to it too, because it's a way of thinking.”

    2017-09-13 · The Tim Ferriss Show · #264: Ray Dalio, The Steve Jobs of Investing · IDENTIFIED FROM THE TRANSCRIPT

  16. “By the way, it is so great that he is open and you are open and you can communicate it because I found out, do you know that 24% of the population in one form or another has been diagnosed with some form of mental illness, some form of challenge, that because the brain is like an organ, it is an organ, and it has those things. And some of the most creative people, you would know, you know, that”

    2017-09-13 · The Tim Ferriss Show · #264: Ray Dalio, The Steve Jobs of Investing · IDENTIFIED FROM THE TRANSCRIPT

  17. “His being open about his bipolar and having people around him know and actually sort of monitoring his behavior so that they could raise a red flag and help him deal with that if he was going in one way or another. That those were the things that were very helpful. In addition, have to be very careful about changing time zones. So if you're flying to Europe or far away, you have to do that in a way that you pace it so that it doesn't get triggered. And as I said, he went through this. You would never, he's now one of the most centered people I know happily married, given us two grandkids. You know, it's just been a miracle. And I really do believe it's that combination. And he's learned and shown other people. That combination can work for anybody.”

    2017-09-13 · The Tim Ferriss Show · #264: Ray Dalio, The Steve Jobs of Investing · IDENTIFIED FROM THE TRANSCRIPT

  18. “Go to bed never too late. It's not a matter of just of eight hours sleep. We have our rhythms that basically go to bed by 11. And maybe once a week you could be up till one o'clock in the morning. And then what we call monitoring. Now, monitoring is much less important to him now, but at the time,”

    2017-09-13 · The Tim Ferriss Show · #264: Ray Dalio, The Steve Jobs of Investing · IDENTIFIED FROM THE TRANSCRIPT

  19. “Sure, there's these really four protocols. And I gave them a St. Christopher Medal, and on the back I put the initials of those four protocols so that he would keep it close to him, and so I know them well. First of all, the first one is we have TM. Those are the initials, and that represented take medicine. And by the way, the amount of medicine that he's taken has because of his improvements and so on, has diminished quite a lot, but take medicine. And it also represented TM, transcendental meditation. So do the transcendental meditation and take the medicine. No drugs or substance abuse, none, be cleaned.”

    2017-09-13 · The Tim Ferriss Show · #264: Ray Dalio, The Steve Jobs of Investing · IDENTIFIED FROM THE TRANSCRIPT

  20. “We know saved a number of lives and also helped to really distigmatize that because those with bipolar are often very creative people. I learned that genius, creative genius is at the edge of insanity. Anyway, what questions do you have about that experience”

    2017-09-13 · The Tim Ferriss Show · #264: Ray Dalio, The Steve Jobs of Investing · IDENTIFIED FROM THE TRANSCRIPT

  21. “An incredibly difficult and eye-opening and in retrospect. Wonderful experience, some of the most painful experiences in retrospect give you the appreciations that you wouldn't otherwise have. And that was that experience. And so ask your questions pertaining to it. I'd be happy to tell you. The quick answer to this, by the way, is he did things right eventually. He did a lot of wrong things in between. But he came out of that three-year period. And he became a successful filmmaker. His movie, that first movie he made was called Touch with Fire, which was Love Story with Katie Holmes on Bipolar. And he has through that movie and his speeches and so on.”

    2017-09-13 · The Tim Ferriss Show · #264: Ray Dalio, The Steve Jobs of Investing · IDENTIFIED FROM THE TRANSCRIPT

  22. “Sure, I'd be happy to. I should say that when I described unhappiness in answer to your prior question before, I was not dealing with what also was clinical depression, which is also a different thing. It is a It is a chemical reaction having to do with serotonin dopamine coming in spurts and sputters and so on. There's a physiological element that is driving it. So that's a big thing. So my son, when he was, I think about 27 filmmaker, very creative, was in his new job in Los Angeles, very excited. stayed up all night, smoked marijuana, partied all night, very energetic. And basically went crazy. At the hotel he took the computer that was at the reception and smashed it. He went into the police came. He was rebellious, they beat him up and so on and so forth, and we then began our journey through three years of his bipolar episodes.”

    2017-09-13 · The Tim Ferriss Show · #264: Ray Dalio, The Steve Jobs of Investing · IDENTIFIED FROM THE TRANSCRIPT

  23. “It's estimated between a million and two million years ago before we were even mankind. So that sense of meaningful relationships, I think, is very, very important. And if you have meaningful work, like you're on a mission and you have meaningful relationships, I think it's almost impossible not to be happy. I mean, there'll be unhappy moments in your life that you encounter this thing or that. But the people who are unhappy seem to be missing those things.”

    2017-09-13 · The Tim Ferriss Show · #264: Ray Dalio, The Steve Jobs of Investing · IDENTIFIED FROM THE TRANSCRIPT

  24. “I think it goes back to this notion of meaningful work and meaningful relationships. Intelligence and happiness probably have no correlation with each other. In studies, it's repeatedly been shown, and money is very little correlated with happiness. The highest correlation with happiness is community. Am I part of a community? Do I feel connections with other people? That's been literally genetically programmed into us from”

    2017-09-13 · The Tim Ferriss Show · #264: Ray Dalio, The Steve Jobs of Investing · IDENTIFIED FROM THE TRANSCRIPT

  25. “Writing down those principles and the like. So that's the second part. Dealing with reality in a practical way where you learn about mistakes. And then the third is determination. Because if you're going for your goals and you're encountering your mistakes and you're learning and you do that with determination, you're going to get better all the time. You can't help but get better. And you do that a long enough amount of time and you're going to far exceed your dreams. Success has far succeeded what I ever imagined one bit at a time. And it's just that process.”

    2017-09-13 · The Tim Ferriss Show · #264: Ray Dalio, The Steve Jobs of Investing · IDENTIFIED FROM THE TRANSCRIPT

  26. “I think it's a combination of being totally Unconventional and having better processes, and then there's a hell of a lot of determination. I think three things make up a successful life by and large. First, you have to have audacious goals, big dreams Then, when you are headed toward those goals, Going to have problems, you're going to deal with reality. You have to deal with those problems in that reality. Realistically learning from mistakes.”

    2017-09-13 · The Tim Ferriss Show · #264: Ray Dalio, The Steve Jobs of Investing · IDENTIFIED FROM THE TRANSCRIPT

  27. “Would know that we were a bit more financially secure. So I remember that as a big win, and I remember it so terrifically because we were asked to submit Research information. And we were just a small team of people. And we stayed up all night with pizza. Beer and all of that. And I remember it so sweetly because it was the dream of making our miracle happen and pulling together. That's the meaningful relationships part. I believe. I want meaningful work and meaningful relationships. And so that was what that was about. And we got the account and we won, and that was a big deal.”

    2017-09-13 · The Tim Ferriss Show · #264: Ray Dalio, The Steve Jobs of Investing · IDENTIFIED FROM THE TRANSCRIPT

  28. “Again, I was in a position. It's, okay, here's a guy and he's analyzing the markets and then he has a small team of people that he's analyzing the markets. And so I didn't have a long track record and I didn't have an institution sort of competing with the big institutions of the world, the JP Morgan's and everybody. And by the way, we beat them. But anyway, which shows that the individuals, the powers within the individual. But anyway, I remember when we got the Kodak account, because at the time Kodak was a big, important client, and them giving us that account was a big deal for us because it was kind of a stamp of institutional approval. And it was, oh, I remember, you know, the money mattered too because we...”

    2017-09-13 · The Tim Ferriss Show · #264: Ray Dalio, The Steve Jobs of Investing · IDENTIFIED FROM THE TRANSCRIPT

  29. “We could talk about those too. It's so funny because I look at it and I said, well, I guess I must have had a bunch of wins or successes because of how things have went. The business is good and done well and all of that. But like I think of my history and I really think of those mistakes. I think that's so great. Because it shows that that's a much better learning tool. But, okay, so my big wins. You don't know I think about that time. I think, no, the things I remember were the fun things, you know, guys I played rugby with and parties and those kinds of things. I don't remember a particularly big winning. Well, I do remember some things. You know, I remember one time When we got the Kodak account.”

    2017-09-13 · The Tim Ferriss Show · #264: Ray Dalio, The Steve Jobs of Investing · IDENTIFIED FROM THE TRANSCRIPT

  30. “Help us through that and because they mutually agree on that person, then the rules are fair and it's an easy thing to do. So there are many of those types of protocols that we use. It's also culturally like a big faux pas or a big thing to lose your cool. I mean in that way, you know, I mean, culturally, okay, you know, maybe you need a timeout. So all those things enter into it.”

    2017-09-13 · The Tim Ferriss Show · #264: Ray Dalio, The Steve Jobs of Investing · IDENTIFIED FROM THE TRANSCRIPT

  31. “We allow disagreement to take place in different formats. It might, rather than being in person, if somebody maybe is too emotional in the moment, or maybe they're not good at thinking on their feet, we allow that disagreement to take place in a format that's essentially the equivalent of email exchanges. In other words, it written format. Anyway, there were a bunch of those kinds of procedures. They mutually agree on who an arbiter is. In other words, whenever there's a disagreement, That you can't seem to get by. As a standard practice, the protocol is to say let's find the person we can agree who will be a moderator.”

    2017-09-13 · The Tim Ferriss Show · #264: Ray Dalio, The Steve Jobs of Investing · IDENTIFIED FROM THE TRANSCRIPT

  32. “There's a whole series of protocols. For example, there's what we call the two-minute rule. Two-minute rule means that if I say the two-minute rule, I'm allowed to speak for two minutes without an interruption. You say the two minute rule, you're allowed to speak for two minutes without it interruption. There are protocols like You repeat what the person is saying. You must repeat what the person is saying and the points they're making. So that it demonstrates that you've taken in and understand what they're saying, and then you repeat it.”

    2017-09-13 · The Tim Ferriss Show · #264: Ray Dalio, The Steve Jobs of Investing · IDENTIFIED FROM THE TRANSCRIPT

  33. “And that is invaluable because when you have disagreements or you even have assessments. Which people are sensitive to. And you do that in a way that everybody agrees is fair. That means that they will go along with it more that the game is fair. And it works much better in getting past disagreements. So as I said, the third step is how do you get past the disagreements if they remain? And we try to do that in an idea meritocratic way through believability-weighted decision-making.”

    2017-09-13 · The Tim Ferriss Show · #264: Ray Dalio, The Steve Jobs of Investing · IDENTIFIED FROM THE TRANSCRIPT

  34. “An accountant, they would have greater believability in accounting, or maybe if it's somebody who is more creative, would give them there are more points that they actually get, and they know that that person's more creative, and somebody else might be more reliable and would work well with the person who's creative. And so what we, because if we have these believabilities according to all those dimensions, when we make a decision, we make a believability weighted decision. We literally on the iPad say, would you do this? And then everybody votes, and it calculates what the vote is on a believability-weighted basis, as well as on an absolute basis. And that idea meritocracy not only produces better decision-making, but it also produces a fairness that everybody believes that the system is fair.”

    2017-09-13 · The Tim Ferriss Show · #264: Ray Dalio, The Steve Jobs of Investing · IDENTIFIED FROM THE TRANSCRIPT

  35. “Imagine you knew each person's believability, who's a better decision maker at what? So I'll use an example. If you had a medical condition and you went to doctors and you had a friend, well, you would know your doctors better than your friend. And some doctors are better than other doctors. And so consciously, you're probably weighing those decisions with consideration given to their believabilities. In our place, we have ways of determining people's believabilities in many different dimensions. Maybe if it's”

    2017-09-13 · The Tim Ferriss Show · #264: Ray Dalio, The Steve Jobs of Investing · IDENTIFIED FROM THE TRANSCRIPT

  36. “Second step is you have to have thoughtful disagreement. You have to know the art of thoughtful disagreement. So there are processes that we go through in which people are really hearing each other. And as you go through that process, to make better decisions than they could individually And then the third thing is if disagreements remain, you have to have ideocratic ways of getting past that disagreement. So how are you going to do that? In most places, it's either autocratic or democratic. Autocratic means the one with the power makes the decision. The boss makes the decision. Democratic is one man, one vote, and it treats everybody as though they're equally valuable. So we do what we call believability weighted decision making. We have ways, well, let's just imagine what it is before we get to how we get to it.”

    2017-09-13 · The Tim Ferriss Show · #264: Ray Dalio, The Steve Jobs of Investing · IDENTIFIED FROM THE TRANSCRIPT

  37. “You want to have an idea meritocracy. If you and I were partners and we had a group of people and we were partners, Are we going to decide on the best things to do? I think we're going to want to idea meritocracy is when the best ideas win out. You have to have rules for doing that. You have to have procedures. So there are three things you need to do. The first is that you have to put your honest thoughts on the table. Lot of people are hesitant to do that. They keep their honest thoughts back. But if you have a culture in which you can put your honest thoughts on the table and everybody does, and that's the way it operates, now you see what people are really thinking. Great, that's a good first step.”

    2017-09-13 · The Tim Ferriss Show · #264: Ray Dalio, The Steve Jobs of Investing · IDENTIFIED FROM THE TRANSCRIPT

  38. “Everybody's thinking, it's analyzing how everybody's thinking, provides that feedback and gathers information across all of those people and processes it by being able to see relationships that no one person sees. So it's invaluable in an idea meritocracy. We also use it for making decisions. We do something that we call believability weighted decision-making.”

    2017-09-13 · The Tim Ferriss Show · #264: Ray Dalio, The Steve Jobs of Investing · IDENTIFIED FROM THE TRANSCRIPT

  39. “Would have no idea how differently people's brains are working in a meeting or work in general. The things they pay attention to, the ways they interpret it are startlingly different and they have the same kind of patterns to them. And so that discovery allows people to know how they see things different and appreciate how other people see things different. And then when they take that, then that allows them to know how to interact better. So the computer through the side pad is doing processing in the background, and it will then also coach them. In other words, when they're dealing with somebody else or it will provide guidance, it will provide feedback that's continuous. So it's a tremendous tool because you know what...”

    2017-09-13 · The Tim Ferriss Show · #264: Ray Dalio, The Steve Jobs of Investing · IDENTIFIED FROM THE TRANSCRIPT

  40. “That shows what everybody's thinking while the meeting is going on. Now, it's invaluable in many cases because you're seeing what everybody's thinking. So it's so different in an ordinary meeting. It's silent largely. I mean, there's one person speaking at a time and you don't know what the other people are thinking. In this particular case, what you do is all the time, you see how people are seeing things differently. And so what we do is we take that data as it's happening. And the computer does. We have it programmed with algorithms that will look at that data and will then communicate back to them advice because this computer behind will then use that to know how they think differently. And by the way, it's enlightening.”

    2017-09-13 · The Tim Ferriss Show · #264: Ray Dalio, The Steve Jobs of Investing · IDENTIFIED FROM THE TRANSCRIPT

  41. “Those tools are like people carry around an iPad with them. And whenever we go into meetings, there's a tool we call a dot collector. And it's a very easy tool to allow people to express what they think is going on and how people are doing. And so in all meetings, This data that's collected.”

    2017-09-13 · The Tim Ferriss Show · #264: Ray Dalio, The Steve Jobs of Investing · IDENTIFIED FROM THE TRANSCRIPT

  42. “I take a few minutes to settle myself down just as you're describing. Just as you're describing, and it feels good at that moment, and then you go enter it.”

    2017-09-13 · The Tim Ferriss Show · #264: Ray Dalio, The Steve Jobs of Investing · IDENTIFIED FROM THE TRANSCRIPT

  43. “A state of mind where there might be a twinge of anxiety and then you can bring yourself into that equanimity type of state. But you also, I also find that there's a time where I say, I need to go meditate. And then I'll just meditate. And I'll meditate where I can when I can. I mean, I prefer a quiet place, comfortable spot. I'm not rigid about the location. It was standing in my way. My circumstances were standing in my way, I would meditate on a plane. I would meditate. Wherever I could if it was noisy and I was on a train, I would still meditate. The meditation may not be as deep. It won't be as deep, but it is so good. It could be a noisy outside. Another, not the deep subconscious state, but the state of, let's say, tension to relaxation. So that's how I do it”

    2017-09-13 · The Tim Ferriss Show · #264: Ray Dalio, The Steve Jobs of Investing · IDENTIFIED FROM THE TRANSCRIPT

  44. “Well, I think one of the things is don't overworry about the details too much. Just do it. But the best way to do it is you do it before breakfast and you do it before dinner having not eaten much or not eaten. And you do it for the 20 minutes as you point out, and that you do it twice a day. That's the established practice. I basically do it, let's say sort of two-thirds of the days, and I would say I probably maybe some days will do it once and not twice, but I also always do it in addition whenever I have that feeling of doing it as a meditator, you probably know that you can feel the difference. So as you're going through the day, you carry through almost an ability to shift yourself from”

    2017-09-13 · The Tim Ferriss Show · #264: Ray Dalio, The Steve Jobs of Investing · IDENTIFIED FROM THE TRANSCRIPT

  45. “between the subconscious part of the brain and the conscious part of the brain, it's wonderful. It makes one more creative, it makes one calmer. It makes one almost a little bit like a ninja in the sense that everything with that equanimity seems to be coming at you in a more controlled, centered way so that you can react to it well. And so I found transcendental meditation to be invaluable.”

    2017-09-13 · The Tim Ferriss Show · #264: Ray Dalio, The Steve Jobs of Investing · IDENTIFIED FROM THE TRANSCRIPT

  46. “More thoughtful part lights up and is enhanced. And so that practice not only creates an equanimity, but by bringing one into the subconscious part of the brain, it significantly enhances the creativity. It essentially opens a passage from the subconscious to the conscious so there can be a reconciliation of those. And it's really from the subconscious where creativity comes from. I mean, if you think about it, one doesn't go muscle creativity like doing a mathematical calculation or something. It's really like if you're ultra relaxed, maybe you take a hot shower and these great ideas come to you or you're sleeping and these things pop up. They come from your subconscious part of your brain where the intuition and that comes from. And so by opening that passage,”

    2017-09-13 · The Tim Ferriss Show · #264: Ray Dalio, The Steve Jobs of Investing · IDENTIFIED FROM THE TRANSCRIPT

  47. “Every emotion we feel is physiological. There are chemicals that go through our brains electronics that go through our brain, and they produce these impacts. And transcendental meditation is a practice that takes one from one's conscious mind into almost a subconscious state and allows one to relax. almost a blissful experience. It relieves all stress and it brings one into the subconscious mind. And through brain scans, they see that the amygdala, which is that fight or flight part of the brain, calms down actually, and in some cases they conjecture that it physically changes. And the prefrontal cortex part of the brain, which is kind of that”

    2017-09-13 · The Tim Ferriss Show · #264: Ray Dalio, The Steve Jobs of Investing · IDENTIFIED FROM THE TRANSCRIPT

  48. “So let me say in tools in general, we have developed a whole bunch of tools that would be fun to explain to you in all different ways that are constantly being used and they're just invaluable. They're great. But I want to turn my attention to Transcendental Meditation, which unlike, let's say, an app type tool or some other kind of tool is a practice that I've been doing for I don't know since 1969, whatever that is. Anyway, a long time. I think it's worth noting that everything in our brain”

    2017-09-13 · The Tim Ferriss Show · #264: Ray Dalio, The Steve Jobs of Investing · IDENTIFIED FROM THE TRANSCRIPT

  49. “It is an intellectual exercise to come up with strategies to do those things that stop causing you those pains and get you what you want.”

    2017-09-13 · The Tim Ferriss Show · #264: Ray Dalio, The Steve Jobs of Investing · IDENTIFIED FROM THE TRANSCRIPT

  50. “That allows you to see if your actions are reducing that pain, and that might prompt you to change your actions. Or it also shows whether you're following through on your actions. Let's say you're having a problem with the same person doing the same thing causing your pain, but you're just bottling it up, then if you choose to keep bottling it up, you're not going to resolve it. It's just going to happen over and over again. That'll show up in the graph. But if you do something about it and you write it down, you can analyze it. And so it sort of provides that kind of biofeedback that allows people to make that progress. And a lot of people have told me, you know, that it's better than a psychologist because it's there, you know, every day of the week and you can see yourself, how what's causing your pain, what sorts of pains you have.”

    2017-09-13 · The Tim Ferriss Show · #264: Ray Dalio, The Steve Jobs of Investing · IDENTIFIED FROM THE TRANSCRIPT