While I was able to anticipate the debt crisis, which was profitable for me, it also led me a) to anticipate a debt-default-triggered depression that never came and b) to lose a lot of money betting on it. As a result of my personal losses and the losses of clients, I had to let everyone in my fledgling company, Bridgewater Associates, go and was so broke I had to borrow $4,000 from my dad to help pay my family’s bills. At
