This story is about Bridgewater Associates, the world’s largest and most successful private hedge fund. But first I want to talk about the Buddha. In the 13th century, the Japanese Buddhist philosopher Dogen wrote a famous series of precepts called the Genjo-Koan. In them, he preached that there was no such thing as an “abiding self.” “The buddha way is, basically, leaping clear of the many of the one,” he wrote. “To study the Buddha way is to study the self.

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