Ray Dalio
Founder of World's Largest Hedge Fund
Ray Dalio
Macro & Currency
Key Stats
Net Worth
$19.1 Billion
Origin
American
Lifespan
Born 1949 (77 years old)
Biography
Ray Dalio is the founder of Bridgewater Associates, the world's largest hedge fund with over $150 billion in assets under management. His "All Weather" portfolio strategy and principles-based approach to management have made him one of the most influential figures in finance.
Building Bridgewater
Dalio founded Bridgewater Associates in 1975 from his two-bedroom apartment. Through his systematic, principles-based approach, he grew it into the largest hedge fund in the world.
The All Weather Strategy
Dalio developed the "All Weather" portfolio, designed to perform well across all economic environments:
- Rising growth
- Falling growth
- Rising inflation
- Falling inflation
Principles
Dalio is famous for his company culture based on "radical transparency" and "radical truth," documented in his bestselling book "Principles."
Trading Philosophy
"He who lives by the crystal ball will eat shattered glass." Dalio believes in systematic, rules-based investing and radical transparency in all aspects of life and business.
Famous Trades
Credit Default Swaps
Bridgewater's Pure Alpha fund gained 9.5% in 2008 while most funds lost heavily.
Crisis Profit
+9.5%
Legendary Quotes
"He who lives by the crystal ball will eat shattered glass."
"Pain + Reflection = Progress"
"Embrace reality and deal with it."
Recommended Reading
Principles: Life and Work
Dalio's framework for decision-making and management
Principles for Dealing with the Changing World Order
Analysis of empire cycles and economic patterns
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