'Pain is a great teacher': How Ray Dalio, the world's most successful (and mysterious) hedge-fund fo

Ray Dalio is the founder and co-CIO of Bridgewater Associates, the world's largest hedge fund, with about $150 billion in assets under management. Dalio discussed key moments from his career in an episode of the Business Insider podcast "This Is Success." He explained how his collection of "principles" for life, work, and investing began when he went broke after a bad market call in 1982, which he blames on hubris. He also shares what led to his embrace of "radical transparency," what he...