In an exclusive interview with ET Now's Tanvir Gill and Nikunj Dalmia, Ray Dalio, Founder, Bridgewater Associates, discusses his book Principles: Life & Work and also the current market conditions. In the second phase, you are working and trying to be successful and others are dependent on you. I accumulated those and decided that this year -- 2017 -- is the transition year from my second phase of my life to my third phase. For example, in the beginning everything would seem big and appear as big painful mistakes and those were uncomfortable for me. I would write down those principles and my attitude about making mistakes started to change.

Source: Economic Times December 04, 2017 09:22 UTC