Wealth

Ray Dalio says this 1 question will help you uncover someone’s true motives: ‘This applies to everything’

Almost everyone has an ulterior motive, according to billionaire investor Ray Dalio — and figuring it out comes down to asking yourself one simple question.

“When you hear someone’s description of what’s happening, ask yourself: What are their biases and goals?” Dalio, the 74-year-old founder of hedge fund Bridgewater Associates, posted to Threads on Tuesday.

“This applies to everything: when you’re buying something, asking for advice, reading the newspaper, watching the news, etc.,” he wrote. “That is because most people (though not all people) are trying to sell you something that will help them get the things they want.”

Maybe a salesman is trying to get you to buy a product because they’ll make a commission from it, or a boss is denying you a promotion despite your stellar performance. In these scenarios, it can be helpful to take a step back and think about the situation from the other person’s point of view.

“If you keep this question in mind, and get the answer to it, you will be able to see things from a higher level,” Dalio wrote, adding in a follow-up post: “If you can identify the people who are true friends or those who are truly trying to help you, especially the smart ones, you will have a much better life than if you don’t.”

That may be easier said than done: 64% of U.S. adults believe that their trust in each other is shrinking, Pew Research Center reported in 2019. About half of Americans (49%) say that their lack of interpersonal trust is because they believe people aren’t as reliable as they used to be.

Dwelling on whether someone is trustworthy can affect your health, increasing loneliness, anxiety and depression, leadership and positive psychology coach Diane Dreher wrote for Psychology Today in April.

“We need people we can trust to provide stability, support, and a sense of community in our lives,” Dreher added.

As for seeing things from a “higher level,” Dalio has long attributed that ability to his success at evaluating financial markets. He leans on it while navigating a variety of other scenarios too, including personal struggles in his life, he noted in a 2018 YouTube post.

“I call this ability to rise above your own and others’ circumstances and objectively look down on them ‘higher-level thinking,'” Dalio wrote on Facebook a year later. “Higher-level thinking gives you the ability to study and influence the cause-effect relationships at play in your life and use them to get the outcomes you want.”

DON’T MISS: Want to be smarter and more successful with your money, work & life? Sign up for our new newsletter!

As technology reshapes business expectations, some leaders are embracing change and transforming their organizations for the future. Join the CNBC Evolve Global Summit on November 2 to hear strategies to adapt, innovate and succeed in this new era of business. Buy your ticket here.

Articles You May Like

What If You’re POA, But Aging Parents Resist You Doing The Job?
FTC sues to block Kroger, Albertsons merger, arguing deal would raise grocery prices and hurt workers
TJX tops earnings estimates but issues light guidance ahead of uncertain growth path
Ford rolls out Tesla Supercharging for EVs. Here’s what drivers need to know
Your home sale may leave you in a tax shock. Here’s how to reduce your capital gains tax bill

Leave a Reply

Your email address will not be published. Required fields are marked *