Ray Dalio on Failure, Meaningful Work and Relationships
Masters in Business
00:00
The Key to Success in Life Is Learning How to Fail Well
You describe mistakes as opportunities to learn and improve, saying the key to success in life is learning how to fail well. Let's talk a little bit about mistakes. Well, I think in order to be successful, you have to do five things, basically. First step goals, second step problems on the way to goals, not tolerating them. Third step diagnose those problems to get at the root causes. Number four, design ways of getting around them. Number five, do those things, push through the results. You're going to be successful.
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