Ray Dalio is the founder of the world’s biggest hedge fund firm, Bridgewater Associates, which manages $154 billion.
As a successful investor and businessman, he knows how to achieve success.
In his opinion, certain personality traits can play a key role.
For example, instead of remembering information in books and getting good grades in exams, Dalio would rather be an independent thinker.
He said when he was a young boy in school, he did not have a good memory to get great grades, so he had to figure out things himself.
Dalio also suggests that being able to take risks and make mistakes are very important.
Many people fear mistakes because they fear punishment. But Dalio believes failure is a necessary part of learning. Failure helps people learn about the world and understand the truth better.
Another important personality trait for success is open-mindedness.
Open-mindedness involves being receptive to a wide variety of ideas, arguments, and information. It is a necessary ability in order to think critically and rationally.
In this video, Ray Dalio talks about why these personality traits can help people succeed.
Source: Finance Jane.