Meet Ray Dalio. He's the subject of this episode of what it takes.

Ray Dalio is the most successful hedge fund manager of all time.

I don't know what a hedge fund is. I really don't know.

While Ray Dallio struggles with that one for a moment, let me remind you what it takes is a

podcast about passion, vision, and perseverance from the Academy is a Had a name, this child is gifted.

And I heard that enough that I started to believe it.

If you have the opportunity, not a perfect opportunity,

and you don't take it, you may never have another child.

It all was so clear. It was just like the

picture started to form itself. There was no way in which a lie could prevail over the truth.

Darkness over light. death over life.

Every day I wake up and decide.

Today I'm going to love my life.

Decide.

My advice is, if they're going to break your leg once when you go in that place, stay out of there.

And then along come these differential experiences that you don't look for, you don't plan for, but boy you better not miss them.

Ray Dalio founded the investment firm, Bridgewater Associates, and they manage $150 billion, that's

billion with a B. So what does Ray Dalio mean exactly when he says he doesn't know what a hedge fund is?

So it's a structure within which investors can do all different things, a mutual fund you might say some people

are value investors some people invest in bonds some people invest in stocks people

do all different things within a structure called a hedge fund. Basically though it

allows you to invest without much in the way of restrictions, traditional ways. I can sell short as well as go long. If something's

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