Classic 01: Ray Dalio's Book - Principles
We Study Billionaires - The Investor’s Podcast Network
Learning from Mistakes
The individual initially achieved success in his career by correctly predicting Mexico's debt default. He gained attention and testified in Congress about an upcoming depression, where he confidently predicted a high rate of failure in economic stimulus efforts. Despite his certainty, he admitted being completely wrong later. This experience taught him a significant lesson: shifting his mindset from assuming he's right to questioning how he knows he is right.
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