Ray Dalio

Ray Dalio stresses the significance of having an independent point of view in the financial markets, where being different from the consensus is crucial for success. He highlights the need to constantly challenge and stress-test one's thinking to reduce the probability of being wrong.

Ray Dalio was born in Jackson Heights neighborhood of Queens, New York on August 1, 1949. He grew up in a middle-class neighborhood on Long Island.

Ray Dalio, an American investor and hedge fund manager, was born in New York City. He later went on to found Bridgewater Associates in 1975.

At the age of 12, Ray Dalio purchased his first shares of Northeast Airlines, showcasing an early interest in investing and finance.

At the age of 12, Ray Dalio began working as a caddy at a local golf course. This marked the beginning of his journey towards becoming one of the world's most notable investors.

In 1963, Ray Dalio made his first stock investment in Northeast Airlines, choosing it because it was trading for less than $5 per share. Despite admitting it was not the most solid basis for investment, the shares tripled in value due to a buyout, marking the beginning of his journey as a lifelong investor.

In 1968, Ray Dalio learned Transcendental Meditation after hearing about it when the Beatles went to India to learn how to meditate. This practice had a significant impact on his life, as it taught him open-mindedness and the ability to control his brain.

In 1973, Ray Dalio obtained his MBA from Harvard Business School, further solidifying his expertise in finance and business.

After a disagreement with his boss at Shearson Hayden Stone, Ray Dalio, under the influence of alcohol, punched him in the face, leading to his dismissal from the company.

On New Year’s Eve in 1974, Ray Dalio got into an alcohol-fueled argument with his supervisor at Shearson Hayden Stone and ended up punching him in the face. This incident led to Dalio's termination from the firm.

In 1975, Ray Dalio founded Bridgewater Associates in his two-bedroom New York City apartment, starting as a wealth advisory firm and eventually growing to manage assets for major clients like McDonald's, World Bank, and Eastman Kodak.

In 1981, Bridgewater Associates opened an office in Westport, Connecticut, where Ray Dalio and his wife wanted to start a family, marking a significant expansion for the company.

Ray Dalio publicly predicted a depression in 1982 based on the volatility seen in the markets at the end of the 1970s.

In 1985, Bridgewater Associates secured the World Bank’s employee retirement fund as one of its clients, marking a significant milestone in the company's growth and reputation.

Ray Dalio gained recognition outside of Wall Street after successfully turning a profit from the 1987 stock market crash, showcasing his investment prowess.

In 1991, Bridgewater opened a hedge fund known as Pure Alpha, which focused on generating returns that exceed the market average. This fund became one of Bridgewater's most successful ventures, with an average annual yield of 18 percent.

In 1996, Ray Dalio launched the All Weather fund, pioneering a steady, low-risk investment strategy known as risk parity, which became a significant contribution to the financial industry.

In 2005, Ray Dalio outlined his business management philosophy in a 100-plus-page essay titled 'The Principles', emphasizing radical transparency in leadership and decision-making processes at Bridgewater.

Ray Dalio successfully anticipated the 2008 financial crisis by utilizing his historical knowledge, particularly focusing on the mechanisms leading up to the Great Depression.

Ray Dalio began using the term 'd-process' in February 2009 to describe the deleveraging and deflationary process of the subprime mortgage industry as distinct from a recession, and subsequently incorporated the term into his investment philosophy.

In 2010, Ray Dalio sold approximately 20 percent of Bridgewater Associates to its employees, maintaining the company's independence and employee-run structure.

In 2011, Ray Dalio self-published a volume called Principles outlining his investment and management philosophy.

In 2012, Ray Dalio was recognized as one of the world's 100 most influential people by Time magazine.

In 2013, Bridgewater Associates was listed as the largest hedge fund in the world.

On December 11, 2014, Ray Dalio, Chairman and Co-CIO of Bridgewater Associates, spoke at The New York Times DealBook Conference held at One World Trade Center in New York City.

Forbes estimated Ray Dalio's net worth at $15.4 billion in 2015, making him the second-wealthiest hedge fund manager after George Soros.

In January 2016, Ray Dalio, the founder of Bridgewater, emphasized in a Financial Times op-ed the importance of looking beyond the short-term debt cycle. He highlighted the necessity of paying attention to both the short-term business cycle and the long-term debt cycle.

By April 15, 2017, Ray Dalio stepped down as co-CEO of Bridgewater Associates.

In 2018, Ray Dalio was recognized by TIME magazine as one of the '100 Most Influential People in the World' due to the impact of his thinking on global macroeconomic policies.

On October 13, 2020, NYP launched the Dalio Center for Health Justice with a gift of $50 million from the Dalio Foundation, focusing on reducing differences in access to quality health care.

Ray Dalio and Larry Summers engage in a discussion about the new paradigm, possibly covering various economic, political, and social aspects shaping the current global scenario.

Ray Dalio shares insights on debt monetization, internal political conflicts, and China's rise at the SALT global thought leadership forum, highlighting the implications for investors.

As of January 21, 2022, Forbes estimated Ray Dalio's net worth at $20 billion, ranking him 88th on their billionaires list and 36th on the Forbes 400 list.

Ray Dalio and Jeremy Grantham talk about the risks such as inflation, political conflict, asset bubbles, and climate change that investors should be aware of and how to protect themselves.

Ray Dalio emphasizes the importance of being open-minded in approaching the world, highlighting the diversity in values and perspectives across different cultures and individuals. He discusses the significance of savoring life experiences and the pursuit of spiritualism or accomplishment.

Ray Dalio discusses the impact of the great transfer of debt from the private sector to the public sector, threats to the domestic political order, US-China conflict, China's economic challenges, and the concept of beautiful deleveraging using his five big forces framework.

Ray Dalio, the founder and co-chief investment officer of Bridgewater Associates, discusses his investment strategies, views on innovation, and insights on US partisan politics in an interview on CBS's Value Investing With Legends podcast.