The Economic Times

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.

Billionaire investor Ray Dalio faced a devastating financial ruin in 1982 after a failed prediction of an economic depression. This colossal miscalculation cost him dearly, leaving him broke and forced to downsize his company to just himself. However, this profound failure became a pivotal learning experience, teaching him humility and the importance of questioning his own assumptions, ultimately reshaping his approach to decision-making and revealing hidden opportunities in adversity.