Money Maze Podcast 118: Five Forces Shaping the Global Economy - With Ray Dalio, Founder of Bridgewater Associates
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Nov 2, 2023 
Ray Dalio, investor and analyst, discusses the development of Bridgewater and his investment thinking. He outlines the 'Big Cycle' and the five key forces shaping the global economy: debt, conflict, populism, climate change, and technology.
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Early Irresponsibility
- Ray Dalio describes his irresponsibility in his youth, hating chores and school.
- He preferred caddying and investing, starting with stocks at age 12.
Bridgewater's Genesis
- Ray Dalio recounts getting fired from Shearson Hayden Stone after a fight with his boss.
- Clients continued seeking his advice, leading him to start Bridgewater in his apartment.
Life as a Learning Process
- Ray Dalio views life as a process of pursuing goals, encountering reality, and learning from mistakes.
- Painful experiences, combined with reflection, lead to progress and valuable principles.