Principles By Ray Dalio
@principlesbyraydalio·3.1M subscribers·638 videos
Ray Dalio on His Biggest Failure
Posted
October 23, 2025
Views
51,887
Likes
1,430
Comments
22
Engagement
2.80%
October 23, 2025
51,887
1,430
22
2.80%
Every word spoken in this episode is indexed. Type any phrase to jump straight to the moment it was said.
Type any word or phrase that may have been spoken. Click a result to seek the player to that exact moment.
Try a name, a topic, or a quoted line
2:12Now PlayingIn the late 1970’s, I calculated that we were going to have a global debt default. I was so confident in what that meant for the markets that I went to Congress to share my perspective.
I couldn’t have been more wrong. While several countries defaulted on their debt, the impact on markets was the opposite of what I expected.
And I lost a lot of money — for me and for my clients. I had to let all of my employees go.
But it was the best experience that ever happened to me because it taught me that pain + reflection = progress.
And it taught me three lessons that became the foundation of Bridgewater’s success.
1) It gave me humility — the fear of being wrong was so strong that I had to always ask, “How do I know I’m right?”
2) It taught me the power of diversification — and how 15 good, uncorrelated return streams could lower risk by 80% without impacting returns
3) I realized I wanted an idea meritocracy
Sentinel Indexing in Progress
Metadata and chapters are available. Claim extraction for this episode is pending.
All video content is delivered via YouTube embedded players in accordance with the YouTube Terms of Service. Sentinel provides research tools that promote discovery and accountability across political media.
