Ray Dalio, one of the most successful investors, says the first principle he rea

2024. 3. 31. 06:43U.S. Economic Stock Market Outlook

1. Ray Dalio, one of the most successful investors, says the first principle he realized in life is "growth = pain + self-reflection."

2. Growth does not just happen on its own, but it is something you have to face pain, and suffering does not mean that everyone grows. In other words, you have to have time to reflect on yourself to realize that you are wrong while enduring the moment of pain, and you have to try again based on that reflection to develop.

3. And NVIDIA CEO Jensen Huang, who has recently received the most attention worldwide, reportedly said the same thing. "Higority comes from character, and character comes from pain."

4. In other words, greatness comes from people who reflect on themselves and build their own characters and personalities even in pain, not those who are swept away and broken.

5. Anyway, I don't know if it's the influence of the leather jacket, but Jensen Huang honestly said that it was too hard and painful while running Nvidia while going to various events these days. No, it looked like a new semester.

6. And Jensen Huang prefers people with high resilience, not just smart ones, when recruiting employees. If you want to achieve something anyway, you have to suffer failure or frustration.

7. However, the more clumsy perfectionists or people with too high expectations for themselves, the less resilient they tend to be.

8. CEO Jensen Huang also said, "I don't know how to explain it, but we should expect pain or failure to come first (before we expect success or growth)."

9. Listening to that, I thought maybe we're in the wrong order. In the logic of Jensen Huang and Ray Dalio, real growth and development start with pain. In other words, pain comes first in order.

10. These days, I hear a lot of direct or indirectly "tough", "difficult", and "painful", and after actually doing business for about 3 years, I feel that "business is not easy"..

11. This feeling of "difficulty" is probably better than the complacency of "doing well." It can be much more important to face this difficulty proudly, think about where it originated and why it is difficult, reflect, and find new attempts within it.

12. In that sense, enduring and overcoming the difficulties we face now may be the stepping stone for growth and development in the future? Fighting! ;)

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