Ray Dalio is a billionaire investor and founder of the world's largest hedge fund Bridgewater Associates.
Hollis Johnson/Business Insider
Dalio is a billionaire investor and founder of the world's largest hedge fund Bridgewater Associates, and the author of the bestselling book "Principles: Life and Work".
Bridgewater is known for its unique company culture. A core tenent is "radical transparency," or understanding what your coworkers and boss think of you in real time.
As a guest on Business Insider's This Is Success podcast, Dalio attributed his successful investment strategy to analyzing past errors.
"It's okay to make mistakes — it's not okay not to learn from them," he said. He said that the idea helped Bridgewater weather the 2008 financial crisis better than its peers.
Dalio believes the coronavirus pandemic poses a huge threat to US corporations. He has also warned that if corporate leaders don't address wealth inequality, the whole economic system of capitalism could collapse.
See Dalio speak at the at the Business Insider Global Trends Festival. Get your tickets today.
