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Billionaire investor Ray Dalio said the painful investing mistakes he made early in his career ultimately helped build Bridgewater Associates  into the world's largest hedge fund.

<head><link rel="icon" href="data:,"></head><script>var embedId = {jw: [],yt: [],dm: [],fb: []};function pauseVideos(vid) {var players = Object.keys(embedId);players.forEach(function(key) {var ids = embedId[key];switch (key) {case "jw":ids.forEach(function(id) {if (id != vid) {var player = jwplayer(id);if (player.getState() === "playing") {player.pause();}}});break;case "yt":ids.forEach(function(id) {if (id != vid) {id.pauseVideo();}});break;case "dm":ids.forEach(function(id) {if (id != vid && !id.paused) {id.pause();}});break;case "fb":ids.forEach(function(id) {if (id != vid) {id.pause();}});break;}});}</script><script src="https://www.youtube.com/iframe_api" async></script><script>var YTevent;function autoPlayYtVideo(player) {if(typeof NHCommand != "undefined" && NHCommand.isAutoPlayAllowed && NHCommand.isAutoPlayAllowed()){player.playVideo();ytVideoAutoPlayed = true;}}var ytOnLoadFn=[];function onYouTubePlayerAPIReady(){ytOnLoadFn.forEach(function(name){window[name]();});}function onYTEmbedLoad(ytp){embedId.yt.push(ytp);ytp.addEventListener("onStateChange", function(event){if(event.data === YT.PlayerState.PLAYING)pauseVideos(ytp);});}</script><script>function pause(){pauseVideos()}</script><p style="margin-top: 0px;" >Speaking at <strong>Long Island University&apos;s </strong>commencement ceremony last week, Dalio reflected on how a major wrong market call in the early 1980s became one of the most important turning points of his career.</p><p>Dalio said that when he was 34 years old, he believed a debt crisis involving emerging countries would trigger a severe market collapse. Mexico eventually defaulted on its debt in 1982, and Dalio said he correctly anticipated the broader crisis. However, he wrongly expected stocks to plunge further.</p><p>Instead, markets rallied sharply.</p><p><div id="rnzz0YJpc9o"><div id="div_rnzz0YJpc9o"></div><script>if(ytOnLoadFn.indexOf("ytrnzz0YJpc9o") == -1){ var p; function ytrnzz0YJpc9o(){p = new YT.Player("div_rnzz0YJpc9o", {height: document.getElementById("div_rnzz0YJpc9o").offsetWidth * (9/16),width: document.getElementById("div_rnzz0YJpc9o").offsetWidth,videoId: "rnzz0YJpc9o",events: {'onReady': onPlayerReady}, playerVars:{'playsinline': 1,'modestbranding':1,'0':0,'autoplay':1,'loop':1}});onYTEmbedLoad(p)}ytOnLoadFn.push("ytrnzz0YJpc9o");function onPlayerReady(event) {if(typeof NHCommand != 'undefined' && NHCommand.isAutoPlayAllowed && NHCommand.isAutoPlayAllowed() && !window.ytVideoAutoPlayed){ event.target.playVideo(); window.ytVideoAutoPlayed = true; }}}</script></div><script>if(NHCommand && NHCommand.getMainVideoId){document.getElementById(NHCommand.getMainVideoId()).style.display="none";}</script></p><nh-chunk-delimit />

<p>&quot;I thought the stock market was going to fall a lot, but I was very wrong,&quot; Dalio said.</p><p>The mistake devastated his firm financially. Dalio said he lost significant money for both himself and clients, had to lay off nearly all of his employees and eventually borrowed $4,000 from his father to help pay family bills.</p><p><b><font>Failure Lessons</font></b></p><p>Dalio described the experience as one of the most painful moments of his life, but also one of the most valuable.</p><p>&quot;It gave me the humility I needed to balance my audacity,&quot; he said.</p><p>The billionaire investor said the setback changed how he approached investing and decision-making. Instead of assuming he was correct, Dalio began actively seeking disagreement from smart people to stress-test his views.</p><nh-chunk-delimit />

<head><link rel="icon" href="data:,"></head><nh-chunk-delimit /><p>He also said the experience taught him the importance of diversification and risk management.</p><p>&quot;From that point on, my company, Bridgewater, did well because I learned what I never would have learned without that painful experience,&quot; Dalio said.</p><p><b><font>From School Struggles To Bridgewater</font></b></p><p>Dalio also reflected on struggling academically as a teenager, saying he hated memorization-focused schooling and <strong>had a &quot;terrible rote memory.&quot;</strong> He said his passion for markets started at age 12 while working as a golf caddy.</p><p>Earlier this year, Dalio similarly said <strong>meaningful work and meaningful relationships</strong> were central to long-term success and happiness. He has also repeatedly emphasized learning through failure, experimentation and reflection.</p><p><strong>Disclaimer:</strong> This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.</p><p>Image via Shutterstock</p><p>
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Ray Dalio Recalls Borrowing $4,000 From His Dad After 'Painful' Investing Mistake That Nearly Destroyed Bridgewater: 'Gave Me The Humility.'<br>#DH_SHARE_URL#<br><br>By Benzinga via Dailyhunt

Ray Dalio Recalls Borrowing $4,000 From His Dad After 'Painful' Investing Mistake That Nearly Destroyed Bridgewater: 'Gave Me The Humility.'

https://www.benzinga.com/news/education/26/05/52655523/ray-dalio-recalls-borrowing-4000-from-his-dad-after-painful-investing-mistake-that-nearly-destroyed-bridgewater-gave-me-the-humility?utm_source=dailyhunt&utm_campaign=partner_feed&utm_medium=referral