Ray Dalio has a net worth of over 17 billion dollars and has been named one of the most influential people in the world.
How did that come to be?
His story starts when he was 12 years old, when he wanted to earn some extra money and became a golf caddie. He overheard people talking about stocks and he ended up investing $300 dollars in stocks and ended up tripling his money shortly thereafter.
During this young age he learned many valuable lessons such as:
Lesson #1: Be an independent thinker. With trading stocks you have to think independently because the price is dictated by the consensus and this idea applies to all of Ray's life and is a really useful idea for him.
Lesson #2: Don't be overconfident. Make sure you always stress test your ideas and seek smart people to challenge your ideas because some mistakes could be very costly.
Lesson #3: Maturity is the idea of rejecting good opportunities to take even better ones.
Lesson #4: Be radically transparent and open. By doing this the best ideas come to the top and you can really understand how people operate and what motivates them.
Lesson #5: Embrace idea meritocracy. This way everyone has the ability to help influence the group's decisions. Those that are most credible or believable have the most weight in their votes.
Ray Dalio recently wrote a book, Principles where he outlines a lot of his best ideas that he's used to make decisions in his work and life and if these ideas interest you I highly recommend you check it out.