Ray Dalio: Long Island University Commencement Speech

章节 1：重返母校：从叛逆少年到12岁的股市玩家

📝 本节摘要：

达利欧回到长岛大学（LIU）为2026届毕业生致辞，回顾自己1971年从C.W. Post学院毕业时的情景。他坦言高中时是叛逆、靠死记硬背却记性很差的差生，以试读身份入学。12岁当球童时，他听客人聊股票后开始炒股，第一只股票侥幸获利三倍，从此迷上投资。进入大学后，他因能自主选课、深入思考而成绩优异，之后升入哈佛商学院。

[原文] [Ray Dalio]: Please join us in welcoming Dr. Ray Dalio.

[译文] [Ray Dalio]: 让我们欢迎瑞·达利欧博士。

[原文] [Ray Dalio]: Thank you, President Cline. Thank you, Dean Bates and Dean Polaro. Congratulations to the class of 2026. Congratulations also to all the parents, the grandparents, the brothers, the sisters, and all of the family and friends who have been with the graduates through their journeys. There is nothing more valuable than meaningful relationships. Please give each other an enthusiastic round of applause.

[译文] [Ray Dalio]: 谢谢克莱恩校长，谢谢贝茨院长和波拉罗院长。祝贺2026届的毕业生们。也要祝贺所有的父母、祖父母、兄弟姐妹，以及一路陪伴毕业生们走过这段旅程的家人和朋友。没有什么比有意义的人际关系更珍贵了。请大家为彼此送上热烈的掌声。

[原文] [Ray Dalio]: I'm thrilled to be your commencement speaker because it's an opportunity for me to tell you who I view as myself 55 years ago, what I've learned in the 55 years since I've graduated from LIU that, you know, hopefully will be of some help to you. While I remember being where you are when I was 21 years old, graduating in 1971 from what was then called C.W. Post College, I don't remember who the commencement speaker was or what he said, and I suspect that you won't remember that later in your lives. But all I remember was nursing a hangover from celebrating the hard night before, and being elated at graduating, and reflecting on how hugely LIU had an impact on my life in improving my life.

[译文] [Ray Dalio]: 能担任你们的毕业典礼演讲嘉宾，我非常激动，因为这让我有机会对你们——在我眼里就是55年前的我自己——讲讲我从长岛大学（LIU）毕业后这55年来学到的东西，希望能对你们有所帮助。我还记得21岁时站在你们现在的位置，1971年从当时还叫C.W. Post学院的地方毕业。可我不记得当时的毕业演讲嘉宾是谁、讲了些什么，我猜你们以后也不会记得今天的演讲。我只记得自己因为前一晚狂欢而宿醉未醒，为毕业而欣喜若狂，同时感慨长岛大学对我的人生影响有多大，让我的生活变得多么好。

[原文] [Ray Dalio]: You see, I got into LIU on probation because I was a lousy high school student with a rebellious nature. I remember hating high school because it seemed to me that most of my education consisted of teachers forcing me to memorize what they wanted me to remember, which included a lot of useless stuff, and it didn't help that I had a very bad rote memory. At the same time, I loved playing markets, which is where my attentions went. I got hooked on playing markets when I was 12 while working as a caddy at the Links Golf Club, which was not far from here.

[译文] [Ray Dalio]: 你们知道，我是以试读生的身份进入长岛大学的，因为我高中时成绩很差，性格又叛逆。我记得自己很讨厌高中，在我看来，大部分教育就是老师逼我去背他们想让我记住的东西，其中很多都毫无用处，偏偏我的死记硬背能力又特别差。与此同时，我热爱玩市场，心思全都在那上面。我12岁时在离这儿不远的林克斯高尔夫俱乐部当球童，从那时起就迷上了玩市场。

[原文] [Ray Dalio]: The stock market was hot, and the people I caddied for would walk around with me, and we would talk about stocks. So I took the money that I earned and I put it in the stock market. The first stock I bought was the only stock I heard of that was selling for less than $5 a share. I thought I could buy more shares so that if they went up, I'd make more money, which was a dumb strategy. The company that I bought was about to go bankrupt, but I got lucky.

[译文] [Ray Dalio]: 当时股市很火，我给客人当球童时，他们边走边和我聊股票。于是我把挣来的钱投进了股市。我买的第一只股票，是我听说过的唯一一只股价低于5美元的股票。我以为这样能多买些股份，一旦上涨就能赚更多钱——这其实是个愚蠢的策略。我买的那家公司当时濒临破产，但我运气好。

[原文] [Ray Dalio]: Another company acquired it. It tripled in value. I bought— I thought this game is easy, and I became hooked on playing this investment game at 12. So, at the time when I came here, I hated school and I loved playing markets, until I got into Post. I loved being here because I could take classes that interested me and engaged me in quality thinking. And I did well, and so I went on to Harvard Business School, which was another eye-opening learning experience. When I was 19 and a sophomore here, I learned something that I found even more powerful than my formal education.

[译文] [Ray Dalio]: 另一家公司收购了它，股价涨了三倍。我心想，这游戏太简单了，就这样在12岁时迷上了投资这场游戏。所以，我刚来这里的时候，讨厌上学、热爱玩市场，直到我进了Post学院。我很喜欢在这里，因为我可以选那些让我感兴趣、能引发我深度思考的课程。我成绩不错，于是后来进了哈佛商学院，那又是一段让我大开眼界的学习经历。19岁、在这里读大二时，我学到了一样我认为比正规教育更有力量的东西。