Part 4/7:
Boldly, he took significant risks, eager to capitalize on the downturn. However, this optimism turned out to be a deadly misjudgment. The market experienced a massive bull run that lasted for eighteen years, transforming his losses into a humbling lesson. He faced severe financial setbacks, to the point where his company, Bridgewater Associates, was reduced to just himself. Struggling and deeply humbled, he borrowed $4,000 from his father just to keep afloat and had to lay off those he cared about most—an intensely painful chapter reinforced by personal humiliation.