Principles By Ray Dalio
Principles By Ray Dalio
@principlesbyraydalio·3.1M subscribers·621 videos

The Most Important Lesson: Humility

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December 1, 2025

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In 1979, I was so broke that I had to borrow $4,000 from my Dad to help take care of my family.

I had calculated that American banks had lent much more money to foreign countries than they would be able to pay back, and anticipated an imminent debt crisis.

But I couldn’t have been more wrong. I didn’t fully understand the impacts of quantitative easing, and so I lost money for myself and I lost money for my clients.

Looking back, it was the most painful experience I could imagine — but it was also the best thing that ever happened to me, because it taught me humility.

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The Most Important Lesson: Humility · Principles By Ray Dalio · Sentinel