Ray Dalio

and or crypto to have some non-traditional money type of investments because of the diversification. If the credit system and the debt problems become real and there's a significant chance that they can become real problems, I think that it's very important to have that as a diversifier.

I have Bitcoin, but I'm not going to get into the particulars.

I have Bitcoin, but I'm not going to get into the particulars.

I have Bitcoin, but I'm not going to get into the particulars.

Oh, I went broke. I want to tell you an enlightening, what I would say is my best experience. That was my worst experience.

Oh, I went broke. I want to tell you an enlightening, what I would say is my best experience. That was my worst experience.

Oh, I went broke. I want to tell you an enlightening, what I would say is my best experience. That was my worst experience.

In 1982, I had calculated... that Americans had lent more money to foreigners than those foreigners were going to be able to pay back. Very controversial point of view. It got a lot of attention. And then in August of 82, Mexico defaults on its debt. And then other countries start defaulting. I saw a lot of these problems. And I thought we were going to have an economic collapse.

In 1982, I had calculated... that Americans had lent more money to foreigners than those foreigners were going to be able to pay back. Very controversial point of view. It got a lot of attention. And then in August of 82, Mexico defaults on its debt. And then other countries start defaulting. I saw a lot of these problems. And I thought we were going to have an economic collapse.

In 1982, I had calculated... that Americans had lent more money to foreigners than those foreigners were going to be able to pay back. Very controversial point of view. It got a lot of attention. And then in August of 82, Mexico defaults on its debt. And then other countries start defaulting. I saw a lot of these problems. And I thought we were going to have an economic collapse.

I was interviewed on Wall Street Week. I was interviewed in Congress. And I couldn't have been more wrong I lost money for myself. I lost money for my family. I was so broke that I had to borrow $4,000 from my dad to help pay family bills and very publicly wrong. And that was the best experience of my life. It changed my life.

I was interviewed on Wall Street Week. I was interviewed in Congress. And I couldn't have been more wrong I lost money for myself. I lost money for my family. I was so broke that I had to borrow $4,000 from my dad to help pay family bills and very publicly wrong. And that was the best experience of my life. It changed my life.

I was interviewed on Wall Street Week. I was interviewed in Congress. And I couldn't have been more wrong I lost money for myself. I lost money for my family. I was so broke that I had to borrow $4,000 from my dad to help pay family bills and very publicly wrong. And that was the best experience of my life. It changed my life.

First, I started to ask myself, how do I know I'm right? What do I do with that? So it gave me a... Humility. that I needed to deal with my arrogance. I learned how to diversify better. The secret of my having done extremely well, built the largest hedge fund, made more money for investors than any other hedge fund in existence, the secret of that came out of that experience.

First, I started to ask myself, how do I know I'm right? What do I do with that? So it gave me a... Humility. that I needed to deal with my arrogance. I learned how to diversify better. The secret of my having done extremely well, built the largest hedge fund, made more money for investors than any other hedge fund in existence, the secret of that came out of that experience.

First, I started to ask myself, how do I know I'm right? What do I do with that? So it gave me a... Humility. that I needed to deal with my arrogance. I learned how to diversify better. The secret of my having done extremely well, built the largest hedge fund, made more money for investors than any other hedge fund in existence, the secret of that came out of that experience.

And that secret was to know how to build a diversified portfolio, to be aggressive while being able to control risk. And so from that point of view, never had any significant down years and had great returns because of learning diversification, how to do that well, and also learning humility. Like I wanted to find the smartest people I could find who disagreed with me.

And that secret was to know how to build a diversified portfolio, to be aggressive while being able to control risk. And so from that point of view, never had any significant down years and had great returns because of learning diversification, how to do that well, and also learning humility. Like I wanted to find the smartest people I could find who disagreed with me.

And that secret was to know how to build a diversified portfolio, to be aggressive while being able to control risk. And so from that point of view, never had any significant down years and had great returns because of learning diversification, how to do that well, and also learning humility. Like I wanted to find the smartest people I could find who disagreed with me.

And I wanted them to stress test my thinking. The power of open-mindedness and stress testing and diversification, I learned as a result of that. I would never have had the success I had if I didn't learn those things from that experience.