Principles for Success: The Call to Adventure
2025-11-18
I’ve taken my best-selling book “Principles” and distilled it into a video mini-series that focuses on the life principles that have helped me the most. This will especially help those who are graduating this Spring and entering “the real world.”
This is Episode 1: The Call to Adventure, I hope you find these helpful.
Ray Dalio on His Secret to Success
2025-11-17
If you want to be successful, you have to do 3 things:
1) Surround yourself with great people
2) Develop meaningful work and meaningful relationships
3) Use technology, like AI, to systemize your thinking
Do you agree with this list? What would you add? @TheProfGPod
My Biggest Failure Became My Strength
2025-11-14
One principle that I’ve really learned is “Pain + Reflect = Progress.”
The Time the United States Ran Out of Money
2025-11-11
When I was a young clerk on the floor of the New York Stock Exchange in 1971, the US ran out of money and defaulted on its debts.
Now, they didn’t say it that way. But by moving away from the gold standard — the idea that people could exchange paper dollars for gold — money, as we understood it, ended.
I expected the stock market to plunge the next day, but when the opening bell rang the market was way up. And it went on to rise nearly 25%.
That surprised me, because I had never experienced a currency devaluation before. But when I looked into it, I discovered the exact same thing happened in 1933 and it had the exact same effect.
But in both cases, breaking the link to gold allowed the US to continue spending more than it earned, and so the value of each dollar fell.
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