How do you become a multi-billionaire, and the most successful hedge fund manager ever? Ray Dalio attributes his success to transcendental meditation and what he calls "radical honesty.” In this episode, he lays out the principles that have guided his life and his investment firm, Bridgewater Associates. He also talks about caddying for Richard Nixon as a child, his first investment at age 12, and how he managed to go from being a terrible high school student to a graduate of the Harvard Business School to founder of a fund that manages $150 billion in global investments.

(c ) American Academy of Achievement 2016