Ray Dalio: The principles that made me a billionaire

You wanna be successful, here's the mantra for investing. I got my most fundamental question is how do I have the upside without having the downside? That approach was the basis of Bridgewater going from having to borrow four thousand dollars from my dad to the largest hedge fund, most successful hedge fund in the world. I created personality Test. I gave it to Elon Musk, I gave it to Bill Gates, I gave it to Rick Hastings. Maybe I should probably not tell stories, but um no no. That's what we do here. You don't have to make it to the top to be happy. What's the time? There's no correlation between the level of happiness in your life and the amount of money that you make. So you have to have a purpose. What do you want to do with the money? That is so important. You better answer that question. I feel like I can rule the world, I know I can be what I want to

I'll put my law in it like my day's all on the road, let's travel to the street. You were in some regard a little bit of a late bloomer in terms of like traditional metrics of success. Oh yeah. I think you were thirty four, thirty five. You had like Two kids, I think. You had just laid off the five employees that you had had. And you're like look

Dad, I've lost it all. Can you like close your eyes and like remember that conversation? So I started Bridgewater in nineteen Seventy five and In nineteen eight. Eighty one and eighty two.

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