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From borrowing $4,000 to becoming a billionaire: Two investing lessons from Ray Dalio | Mint
Billionaire Ray Dalio's financial setback in the early 1980s changed his approach to investing. After a major miscalculation left him broke, he learned two key lessons: question your own certainty and embrace diversification to manage risk.
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Lesson of the day from failure: When Ray Dalio went broke and had to borrow $4000 - 'You might think your life is ruined, but there is always a path forward, though you might not see it immediately.’ ...
https://economictimes.indiatimes.com/magazines/panache/lesson-of-the-day-from-failure-when-ray-dalio-went-broke-and-had-to-borrow-4000-you-might-think-your-life-is-ruined-but-there-is-always-a-path-forward-though-you-might-not-see-it-immediately-/articleshow/131863263.cms