He made one important change, and then was able to radically transform his business.
The founder, chairman and CIO of investment firm Bridgewater Associates had lost so much money that he had to let most of his employees go. “I had to borrow $4,000 from my dad to help to pay my family bills,” Dalio says.
Today, he’s one of the world’s most successful entrepreneurs and investors. Dalio is reportedly worth $17 billion. His investment firm is one of the largest hedge funds in the world. Did he just get lucky? There’s no such thing.
In his recent TED talk, Dalio shares how he built his business back up after one of the greatest failures of his life.