Ray Dalio built the world’s largest hedge fund on cold market logics and macro trend spotting. But when asked what really powered his rise to the top of global finance, he didn’t cite any model or macro insight at all. Instead, he credited meditation.

“Maybe the single most important reason for whatever success I’ve had,” he told the renowned Odd Lots podcast this week. “Meaning, it has given me an equanimity to step back, to see the arc, to accept there’s a life cycle.”

Dalio often describes major crises and events in terms of cycles, and he referenced meditation as the thing that lets him step outside himself long enough to see reality clearly, rather than get caught up in headlines. But in the Odd Lots interview, he also made it clear what he does with that clarity: he uses it to map

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