To give some comfort to those feeling desperate.
Ray Dalio is a famous hedge fund manager (Bridgewater Capital). Back in the late 1970s he incorrectly called a coming depression. He was wrong and he lost everything. His business nearly closed and he had to let go all his staff.
From this lesson, he came up with principles that he applied to trading ongoing, plus he learned the life lessons that only failure can bring.
Ray Dalio now has a net worth of $17B. He correctly predicted the GFC and many other financial events.
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