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Fortune
Fortune
Eva Roytburg

Ray Dalio reveals the surprising ‘single most important reason’ he’s succeeded in investing—and it has nothing to do with finance

Ray Dalio attends the Fortune Global Forum Riyadh 2025 on October 27, 2025 in Riyadh, Saudi Arabia. (Credit: Amal Alhasan—Getty Images for Fortune Media)

Ray Dalio built the world’s largest hedge fund on cold market logic and macro trendspotting. 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. 

“[It’s] maybe the single most important reason for whatever success I’ve had,” he told the 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.”

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