World’s 123rd Richest Person Says if You Understand the Stanford Experiment, You’ll Become Wealthy.

<p>Sometimes in life, you need a little luck.</p> <p>Ray Dalio&rsquo;s golden ticket was caddying at his local golf course, where he&rsquo;d carry the golf bags of Wall Street professionals.</p> <p>He&rsquo;d listen to the conversations and sometimes even get invited to dinners. It resulted in him making his first-ever investment in&nbsp;<a href="https://en.wikipedia.org/wiki/Northeast_Airlines" rel="noopener ugc nofollow" target="_blank">Northeast Airlines</a>&nbsp;for $300, which tripled in price after the airline merged with another company.</p> <p>Adjusted for inflation, $300 was the equivalent in purchasing power to about $2,978.01 today. It was 1961, and he was 12 years old.</p> <p>From that moment, Dalio became hooked on investing.</p> <p>He&rsquo;s now the World&rsquo;s Best Hedge fund manager, with a reported net worth of $<a href="https://www.forbes.com/profile/ray-dalio/?sh=250b99cd663a" rel="noopener ugc nofollow" target="_blank">19.1 Billion</a>. He founded a hedge fund from his two-bedroom apartment, which is now the largest hedge fund in the world.</p> <p><a href="https://levelup.gitconnected.com/worlds-123rd-richest-person-says-if-you-understand-the-stanford-experiment-you-ll-become-wealthy-e846014e9fc0"><strong>Read More</strong></a></p>
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