Ray Dalio - Knowledge

635:

saying, "As the current crisis unfolds, we should remember that throughout history, capitalism has proven to be the best system, though it can sometimes be highly flawed." In October 2020, Dalio said that there has been little income growth for average citizens over the preceding two decades, with the bottom 60% of workers having no inflation-adjusted income growth since the 1980s. He mentioned that income inequality was at its highest level since the 1930s, when the top 1% of earners had more wealth than the bottom 99% combined. Dalio said that the odds of a low-wage earner moving to a higher level of wealth were decreasing over time and that this demonstrated Americans' lower economic and social mobility. He warned that inequality was becoming more entrenched and rising fast. He said that hypothetical improved capitalism would have to be good at creating a bigger pie and redistributing it as well.

391:. At the firm, Dalio's job was to advise cattle ranchers, grain producers, and other farmers on how to hedge risks, primarily with futures. But he was largely dissatisfied with Shearson Hayden Stone's hierarchical structure, which reminded him of primary education. He longed for the more freedom-based lifestyle of college. At one point, he paid a stripper to drop her clothes in front of a crowd at the annual convention of the California Food and Grain Growers' Association. His creative ways of blowing off steam continued, and exploded on New Year's Eve in 1974 after he went out drinking with some colleagues, including his boss. After a disagreement with his superior, a drunk Dalio punched him in the face. Soon afterwards, he was let go from his job at Shearson Hayden Stone. 95: 656:

In addition, Dalio said that there were many indicators that favored China. He discussed the growing population of well-educated citizens, as well as China's continued growth in the absorption and processing of data, which many headlines have called "the new oil". Dalio also called China favorable from an investor's perspective. He said that the Chinese economy's fundamentals were strong and its assets relatively attractively priced. Dalio also maintained that China's stocks and bonds were currently underweighted in terms of the global portfolio, and that the U.S. was bloated. A natural shift in pricing would give China another comparative advantage. While stressing that things could always go wrong, Dalio stated that he believed China's path of

851:. In March 2020, the foundation gave $ 4 million to the state of Connecticut to fund healthcare and nutrition. On October 13, 2020, NYP launched the Dalio Center for Health Justice, a research and advocacy organization, which will focus on reducing differences in access to quality health care that overwhelmingly affect communities of color with a gift of $ 50 million. The money was used to establish the Dalio Center for Health Justice. In a statement, Dalio said, "Our goal is to contribute to equal healthcare and equal education because we believe that these are the most fundamental building blocks of equal opportunity and a just society." 453: 498:. The company "began sounding alarms...in the spring of 2007 about the dangers of excessive financial leverage." Researchers at the firm examined the public records of most of the world's largest financial entities and discovered that estimated future liabilities related to bad debts totalled $ 839 billion. When Dalio met with U.S. Treasury Department staff and other White House economic advisors in December, these findings were disclosed but were largely ignored. Due to this research, Bridgewater's Pure Alpha fund avoided much of the 572:

returns through passive management and normal market risk. Alpha investments are actively managed and aim to generate better returns than beta investments. Alpha investments are not related to the general market. Dalio's goal is to structure portfolios with uncorrelated investment returns based on risk allocations rather than asset allocations. Dalio's hedge fund mostly accepts money from institutional clients such as pension funds, foundations, endowments, and central banks. Private investors can rarely invest in Dalio's holdings.

591:. This allows Dalio to use any asset combination he chooses when investing. Dalio's strategy uses an optimal risk target level as its basis for investing. This is in contrast to first allocating capital and then achieving a risk target. Dalio implements this strategy by using leverage to evenly distribute exposure across various asset classes while maintaining the best risk target level. Dalio began using the term "d-process" in February 2009 to describe the 3867: 3901: 289:," and Ann, a homemaker. As a child, Dalio had various odd jobs, including mowing lawns, shovelling snow, and a paper route. He is of Italian descent. At age 12, he started caddying at The Links Golf Club, which was within walking distance of his childhood home. He caddied for many Wall Street professionals during his time there, including Wall Street veteran George Leib. Leib and his wife Isabelle invited Dalio to their 25: 707: 818:, vowing to donate more than half his fortune to charitable causes within his lifetime. He created the Dalio Foundation, which serves as his personal philanthropic vehicle. By the end of 2012, the Dalio foundation had built up assets of $ 590 million. In 2013, Dalio contributed another $ 400 million to the foundation, which increased its assets to about $ 842 million. 3889: 793: 559:

Dalio's own picks, not by the sophisticated investment system that Dalio and the firm had touted; and that investment choices are driven by insider information, legally obtained, derived from Dalio's personal associations with prominent government actors. Dalio's lawyers threatened a multibillion-dollar lawsuit against the publisher

485:, and in 2008, Dalio published "How the Economic Machine Works: A Template for Understanding What is Happening Now", an essay assessing the potential of various economies by various criteria. The firm's total assets under management increased to $ 50 billion in 2007 (up from $ 33 billion seven years earlier). 655:

globally. Dalio asserted that when he visited China in 1984, high-ranking officials would marvel at basic technology such as calculators, calling them "miracle devices". He argued that China was now on par with the U.S. in advanced technologies and would probably take the lead in the next five years.

634:

a national emergency. In November 2019, he posted a blog entry stating that excess capital, unfunded social liabilities, and government deficits had created a recipe for disaster, in what he called a "paradigm shift". In May 2020, he stressed the importance of reforming capitalism, not abandoning it,

603:, and subsequently incorporated the term into his investment philosophy. Dalio's exact investment portfolios are largely kept a secret from the outside world. This includes most employees, as well as external investors, and only a dozen people within his firm understand how it trades at a given time. 535:

people. Under Dalio's leadership, Bridgewater's Pure Alpha II had just three losing years in its history, with an average return of 10.4%. A stake in Bridgewater Associates Intermediate Holdings, LP was purchased by the Teacher Retirement System of Texas (TRS) for $ 250 million in February 2012. This

502:

implosion for its investors. In 2008, a disastrous year for many of Bridgewater's rivals, the firm's flagship Pure Alpha fund rose in value by 9.5% after accounting for fees. Dalio did this by anticipating that the Federal Reserve would be forced to print a lot of money to revive the economy. He went

464:

Bridgewater Associates became the world's largest hedge fund in 2005. From 1991 to 2005, it lost money in only three calendar years, and never more than 4%. During the same period, the S&P 500 also had three down years, including a negative return of 22.1% in 2002. The fund grew in size by using

404:

out of his two-bedroom New York City apartment. Bridgewater started out as a wealth advisory firm, in which capacity it served numerous corporate clients, mostly retained from Dalio's job at Shearson Hayden Stone. The main areas in which Dalio advised were currencies and interest rates. The company

571:

According to Dalio, Bridgewater Associates is a "global macro firm", investing around economic trends, such as changes in exchange rates, inflation, and G.D.P. growth. Dalio has said he divides his holdings into two different areas: beta investments and alpha investments. Beta investments produce

558:

investigative report, based on the book by the paper's finance journalist Rob Copeland, raised questions about claims that Dalio and the fund had made about its investment philosophy and investment methodology. For example, the report indicated that the fund's investments are based largely on Ray

867:

named Dalio one of the highest-earning hedge fund managers and traders. A special focus of his philanthropy is the world's oceans and the effects of damaging them. Dalio's research yacht and submarine have appeared on the Discovery Channel during Shark Week and have been used to hunt for a giant

358:

in response to rising inflation. Stock prices on the exchange rose, on average, 33% the following day. The next summer, after his first year at Harvard, Dalio and his friends created the company that later became Bridgewater Associates. It started off as a small entity, and its goal was to trade

540:

ranked Dalio No. 2 on its 2012 Rich List. Dalio has controlled Bridgewater Associates alongside co-chief investment officers Bob Prince and Greg Jensen since its inception. The hedge fund recently announced plans to reorganize as a partnership. Dalio said the reason for this was the continued

541:

sustainability and profit-sharing of the company. Dalio was co-CEO of Bridgewater for 10 months before announcing in March 2017 that he would step down as part of a company-wide shakeup by April 15. The company had been in a seven-year management and equity transition to find a replacement.

435:

episode titled "Do Foreigners Own America?" In 1991, he launched Bridgewater's flagship strategy, "Pure Alpha", a reference to the Greek letter that, in Wall Street terminology, represents the surcharge a money manager can earn above a particular market benchmark, such as the

549:. In reference to the personality that led him to investment success, Dalio has said that he considers himself a "hyperrealist", and that he is motivated to understand the mechanisms that dictate how the world actually functions, without adding in abstract value judgments. 399:

Despite his aggressive behavior, numerous clients at Shearson Hayden Stone retained their trust in Dalio, and continued to allow him to manage their money. With this capital, he was able to scrape together the beginnings of his asset management fund. In 1975, he founded

587:. Dalio employs an investment strategy that blends conventional diversification with "wagers on or against markets around the world" according to Bloomberg. Dalio's risk parity approach allows for both leverage and external diversification when investing, as well as 3778:"Ray Dalio Biography and Interview. Photo: Ray Dalio, founder of the world's largest hedge fund, Bridgewater Associates, receives the Golden Plate Award of the Academy of Achievement from Awards Council member David Rubenstein, co-founder of The Carlyle Group" 798: 794: 796: 1348: 518:, that outlines his philosophy of investment and corporate management. By that same year, Dalio was managing money for the SERS, Kodak, General Motors and the Government Investment Corporation of Singapore. In 2012, he appeared on the annual 3164: 3637: 2905: 3423: 465:

the standard hedge fund model, which takes a 2% management fee of assets and 20% of yearly profits accrued from using an investment system. By 2005, Dalio was managing money for extremely large entities, including the $ 196 billion

334:. Commodity futures had low borrowing requirements at the time, and Dalio knew he could profit more handsomely than with simple stocks. At the same time, he was beginning to enjoy school. With more freedom given to him, he took up 797: 660:

would continue, bringing it unabated prosperity. He also downplayed and denied Chinese human rights violations, instead likening the Chinese government to a "strict parent". Dalio's stance on China has garnered criticism.

1112: 854:

The foundation has also supported the Fund for Teachers, an initiative that supports professional learning fellowships for teachers. The foundation was part of a group of foundations supporting the 2018 launch of

3453: 359:

commodities. But they lacked experience and the venture yielded little fruit. Although the original Bridgewater failed, Dalio later used the name to start what would become the largest hedge fund in history.

1787: 3364: 1340: 2504: 3194: 1574: 1203: 293:

apartment for family dinners and holiday gatherings. The couple's son, a Wall Street trader, later gave Dalio a summer job at his trading firm. He began investing at age 12, when he bought shares of

3156: 3629: 2240: 2474: 2443: 2901: 2467:"Ray Dalio says wealth inequality is a national emergency; The founder of the most successful hedge fund in the world says capitalism needs to be reformed and that the American dream is lost" 2347: 1062: 2931: 2533: 3415: 3555: 3667: 3394: 1632: 795: 1108: 2840: 1890: 3338: 2136: 2106: 3483: 2168: 2585: 1952: 3445: 2319: 1713: 1679: 759:

In 2014 he reportedly earned $ 1.1 billion, including a share of his firm's management and performance fees, cash compensation and stock and option awards. In 2015,

3360: 620:

is generally the best economic system, he has argued that it needs to be reformed due to it "not working well for most Americans". On April 7, 2019, Dalio said on

2496: 3186: 1571: 847:'s board of trustees since 2020. In February 2020, the Dalio Foundation donated $ 10 million to support China's coronavirus recovery efforts in response to the 545:, co-CEO of the fund, was announced to step down with Dalio, but would retain an advisory role. As of October 2017 Bridgewater Associates had $ 160 billion in 1193: 3134: 1780: 890:

Overall, the Dalio family has donated more than $ 5 billion to his foundation, and the foundation has given out more than $ 1 billion in charitable grants.

3022: 2012: 3579: 3971: 1238: 3815: 2250: 575:

His strategy mainly focuses on currency and fixed income markets. This is in contrast to buying individual shares in companies, like investors such as

470: 425:, which was where Ray and his wife wanted to start a family. Dalio started to become well-known outside of Wall Street after turning a profit from the 2466: 285:, New York. He is the son of a jazz musician, Marino Dallolio (1911–2002), who "played the clarinet and saxophone at Manhattan jazz clubs such as the 2435: 3303: 2355: 1054: 710:

Ray Dalio at the International Achievement Summit's 2012 Banquet of the Golden Plate reception in Washington, D.C., with his wife, Barbara, and two

3530: 2998: 2927: 2525: 2045: 1501: 413:

signed on as a client of his firm. Bridgewater then began to grow rapidly. The firm signed on larger clients, including the pension funds for the

3284: 1286: 2219: 3976: 3727: 2786:"Watch billionaire investor Ray Dalio defend China's move to disappear citizens from the public eye by likening it to being 'a strict parent'" 2785: 1162: 1032: 507:

paid a visit to the firm and spoke to staff. The next year was not as bright. In 2009, when economic growth was higher than expected and the

3604: 3996: 3991: 3659: 3386: 767:. In 2018, Dalio was estimated to have personally received $ 2 billion in compensation for the year, after his fund posted a 14.6% return. 3416:"Michael R. Bloomberg and Ray Dalio's OceanX Announce Over $ 185 Million for New Partnership to Increase Ocean Exploration and Protection" 2815: 3961: 1429: 2970: 2700: 1624: 1523: 371:, where he lived and traded out of a converted barn. Dalio then worked on the floor of the New York Stock Exchange and traded commodity 1597: 776:, Dalio has an estimated net worth of $ 20 billion as of January 21, 2022, ranking him 88th on their billionaires list and 36th on the 2675: 3505: 1548: 876:

committed $ 185 million over four years to protect the oceans. In 2019, Dalio pledged $ 100 million to Connecticut public schools.

1886: 3981: 3327: 2758: 2128: 2096: 1393: 532: 3986: 3475: 1138: 631: 627: 2158: 3946: 3936: 3931: 3699: 2964: 2272: 1960: 2902:"Ray Dalio's Son Is An Entertainment Producer, And He's Directing A Movie About Maniac Depressives With Spike Lee's Support" 1317: 2888: 2410: 2324: 1723: 1689: 503:

long on Treasury bonds, shorted the dollar, and bought gold and other commodities. During his 2008 presidential campaign,

3785: 3556:"Don't Try And Tell Ray Dalio There's Anything Risky About Hunting An Animal Known To Impale People With Its Giant Horns" 848: 255: 50: 4011: 4006: 2068: 1427:"Pursuing Self-Interest in Harmony With the Laws of the Universe and Contributing to Evolution is Universally Rewarded" 784:

reported Dalio's net worth as $ 15.7 billion, making him the world's 123rd-richest person according to their rankings.

301:, he had built up an investment portfolio of several thousand dollars. He received a bachelor's degree in finance from 3079: 643:

In October 2020, Dalio cautioned people to not be blind to China's rise, arguing that it had continued to emerge as a

2199: 1925: 1809: 1754: 1654: 844: 630:

was a national emergency requiring reform. In July 2019, he again called for the refinement of capitalism and called

494:

magazine, "nobody was better prepared for the global market crash" than Bridgewater's clients and subscribers to its

147: 94: 68: 731:. They have four sons. Their oldest son, Devon, died in an automobile accident in 2020 at age 42. Their second son, 440:. In 1996, Dalio launched All Weather, a fund that pioneered a steady, low-risk strategy that later became known as 3956: 3756: 3966: 3781: 3752: 3723: 3124: 2614: 748: 647:. He claimed that China had succeeded in "exceptional ways", including high economic performance in spite of the 39: 3871: 2008: 583:. Dalio also popularized the risk parity approach, which he uses for risk management and diversification within 3926: 499: 482: 2558: 1228: 3807: 3941: 3215: 1853: 833: 508: 297:

for $ 300 and tripled his investment after the airline merged with another company. By the time he reached

995:

among the 13 Best Business Books of 2017. Dalio was called the "Steve Jobs of Investing" by the magazines

536:

stake was non-voting and thus provided the pension fund with very little control of corporate governance.

3951: 724: 2035: 1489: 3879: 2725: 376: 3660:"Billionaire Ray Dalio remembers the moment he saw the financial crisis coming: 'This is the big one'" 1296: 1109:"Ray Dalio, Founder of World's Largest Hedge Fund: Weak Economy Makes Second Adolf Hitler More Likely" 2865: 1282: 826: 763:

estimated his net worth at $ 15.4 billion, making him the second-wealthiest hedge fund manager after

335: 3715: 1982: 1524:"Hedge fund billionaire Ray Dalio: Meditation is 'the single most important reason' for my success" 1152: 1024: 961: 873: 478: 205: 2650: 346:

After graduating from C.W. Post College, Dalio had a free summer. He took a job as a clerk on the

2245: 1858: 1497: 652: 546: 474: 426: 347: 306: 282: 270: 224: 3580:"Bridgewater: How the Economic Machine Works A Template for Understanding What is Happening Now" 4001: 1426: 976: 822: 744: 728: 711: 584: 401: 327: 302: 286: 220: 209: 170: 1831: 2954: 422: 380: 2323: 863:, an initiative to fund social entrepreneurs working to solve global issues. In March 2019, 3921: 3263: 1814: 560: 298: 8: 3361:"TED Launches The Audacious Project, Awarding $ 250M to New Crop of Social Entrepreneurs" 1441: 1287:"Mastering the Machine: How Ray Dalio built the world's richest and strangest hedge fund" 942: 452: 368: 330:. He continued to buy and sell stocks in college, but became attracted to something new: 278: 251: 231: 138: 3630:"Ray Dalio's Book Has Sold a Million Copies. But Who's Actually Implementing His Ideas?" 3234: 2841:"'Principles for Dealing With the Changing World Order' Review: Trouble Ahead, As Usual" 322:

Dalio had trouble finding a college in which to enroll. He finally applied and got into

3129: 2380: 2277: 2224: 2163: 2040: 1914: 1233: 1224: 1198: 698:

In 2021 Dalio also produced a free online personality assessment called PrinciplesYou.

592: 431: 294: 143: 35: 2241:"Ray Dalio Threatened Multibillion-Dollar Lawsuit Over Upcoming Tell-All Book: Report" 2192:

The Fund: Ray Dalio, Bridgewater Associates and the Unraveling of a Wall Street Legend

3695: 2960: 2733: 2195: 1921: 980: 937: 860: 837: 675: 651:, some of the lowest COVID-19 case rates, and being the center of half of all listed 648: 527: 331: 323: 242: 46: 1781:"How the Economic Machine Works; A Template for Understanding What is Happening Now" 1134: 240:

ranked him the world's 79th-wealthiest person. Dalio is the author of the 2017 book

3893: 3506:"What Ray Dalio gives for the holidays (Hint: It sometimes involves a blank check)" 2790: 2586:"America's 1% hasn't controlled this much wealth since before the Great Depression" 1003: 984: 880: 856: 751:(GERD), a pre-malignant condition that if not treated properly can lead to cancer. 384: 372: 2313: 2311: 2309: 1873:

A Tough Audience Investment Workers? Pointed Questions Pierce McCain?s Stump Lines

1314:"The Palm Beach Post from West Palm Beach, Florida on September 4, 2002 · Page 38" 928:

How the Economic Machine Works; A Template for Understanding What is Happening Now

3905: 3689: 1578: 1433: 1313: 898:

Dalio is an avid outdoorsman, and enjoys both hunting and fishing. He has hunted

657: 588: 511:

increased by 19%, the company's Pure Alpha fund reportedly earned just 2% to 4%.

3304:"Bridgewater's Ray Dalio pledges $ 50 million for new health justice initiative" 2889:

Billionaire Ray Dalio's Son Devon Dies in Fiery Car Crash at 42: 'Terrible Pain'

3841: 2306: 1718: 1684: 1291: 1157: 947: 811: 576: 554: 542: 367:

After graduating from Harvard, Dalio married and started a family. He moved to

236: 3777: 1625:"The head of the world's largest hedge fund explains how he learned to invest" 1465: 1369: 3915: 2737: 815: 418: 410: 355: 122: 3446:"Ray Dalio and Michael Bloomberg Commit $ 185 Million To Protect The Oceans" 3071: 3047: 1394:"Ray Dalio, one of the world's wealthiest men, got his start carrying clubs" 1084: 3836: 3100: 2563: 2129:"Bridgewater's Ray Dalio stepping down from co-CEO role in company shakeup" 1598:"The Crazy Story Of How Ray Dalio Got Fired From His First Wall Street Job" 899: 884: 764: 1229:"Bridgewater's Ray Dalio Dives Deeper Into the 'Principles' of Tough Love" 3333: 2150: 1836: 1436: 915: 580: 504: 490: 441: 409:, in which it analyzed global market trends. Dalio's big break came when 351: 290: 3531:"Bridgewater's Ray Dalio Commits $ 50 Million to Address Health Justice" 821:

Through his foundation, Dalio has directed millions in donations to the

563:

over what they allege is an inaccurate portrayal of the firm and Dalio.

525:

list of the 100 most influential people in the world. In 2011 and 2012,

3748: 807: 777: 732: 644: 622: 617: 414: 247: 201: 189: 158: 2816:"Ray Dalio, quiz king of Bridgewater, wants to help you find yourself" 1194:"Bridgewater's Ray Dalio Spreads His Gospel of 'Radical Transparency'" 1341:"Ray Dalio, il libretto rosso dello speculatore che attacca l'Italia" 1055:"The Rise of Dalio Philanthropy: A Case Study of the New Mega-Giving" 600: 596: 388: 3328:"9 Stamford Educators Receive Grants For U.S. & Foreign Studies" 2027: 2264: 714:

student delegates, Philip Thigo of Kenya and Julia Fan Li of Canada

519: 471:

Pennsylvania State Employees' Retirement System (Penn SERS or SERS)

216: 134: 3258: 2676:"China's IPO market is set to keep booming in 2021, says investor" 2348:"Risk Parity Trade Made Famous by Ray Dalio Is Now Ringing Alarms" 987:, during the International Achievement Summit in Washington, D.C. 3866: 2759:"Ray Dalio is wrong about China's tech crackdown, economist says" 2526:"Ray Dalio Says the 'World Has Gone Mad' With So Much Free Money" 2436:"Dalio Says Capitalism's Income Inequality Is National Emergency" 1714:"Bridgewater's Dalio Lures Pension Funds With 13.3 Percent Gains" 1680:"Bridgewater's Dalio Lures Pension Funds With 13.3 Percent Gains" 911: 883:, the public policy group headed by former Federal Reserve chair 466: 277:

Borough. When he was 8, the family moved from Jackson Heights to

2220:"How Does the World's Largest Hedge Fund Really Make Its Money?" 3900: 3285:"Ray Dalio Donates $ 50 Million to Fight Health-Care Injustice" 903: 869: 772: 437: 274: 3716:"Golden Plate Awardees of the American Academy of Achievement" 3216:"NYP.org About Us Governance and Leadership Board of Trustees" 2701:"Council Post: Data Is The New Oil -- And That's A Good Thing" 2159:"Small Endowments May Get to Invest in Bridgewater Associates" 1983:"Texas Teacher Retirement fund takes Bridgewater stake-report" 3187:"Hedge Fund Billionaire Ray Dalio Steps Up Foundation Giving" 3023:"Here's What Ray Dalio Made in Bridgewater's Impressive 2018" 2999:"Hedge Fund Billionaire Ray Dalio Steps Up Foundation Giving" 997: 599:

process of the subprime mortgage industry as distinct from a

3157:"Hedge Fund Billionaire Ray Dalio Gives Big for David Lynch" 2097:"Bridgewater's Ray Dalio to step down at Co-CEO on April 15" 1887:"More on Bridgewater's Ray Dalio, Wall Street's Oddest Duck" 723:

Dalio lives with his wife Barbara, a descendant of sculptor

706: 2763: 2320:"Bridgewater's Dalio Lures Pension Funds With 13.3 Percent" 2101: 1490:"Bridgewater's Ray Dalio on the 'Principles' of Tough Love" 988: 611: 2497:"Ray Dalio says wealth inequality is a national emergency" 212:, since 1985. He founded Bridgewater in 1975 in New York. 2952: 907: 477:

Ltd. and the pension fund of Hartford, Connecticut-based

3605:"Book Review: Principles for Navigating Big Debt Crises" 467:

California Public Employees' Retirement System (CalPERS)

2273:"Bridgewater's Dalio: 'I Think I Did Everything Right'" 1192:

Stevenson, Alexandra; Goldstein, Matthew (2017-09-08).

3691:

The Changing World Order: Why Nations Succeed and Fail

2559:"Ray Dalio: We must reform capitalism, not abandon it" 1832:"Recession? No, It's a D-process, and It Will Be Long" 975:

In 2012, Dalio received the Golden Plate Award of the

680:

Dalio published an illustrated version in 2019 called

405:

began publishing a paid subscription research report,

3877: 3387:"The Highest-Earning Hedge Fund Managers And Traders" 1905: 394: 227:

in 1973. Two years later Dalio launched Bridgewater.

2615:"Don't be blind to China's rise in a changing world" 2415:

The Harvard Law School Forum on Corporate Governance

1911: 951:#1 bestseller and Amazon's #1 business book of 2017. 690:

Principles for Dealing with the Changing World Order

379:. In 1974, he became a futures trader and broker at 375:. He later worked as the Director of Commodities at 16:

American investor and hedge fund manager (born 1949)

2956:

Hedge Funds: Structure, Strategies, and Performance

2293: 1848: 1846: 918:, the bow being his weapon of choice when hunting. 2928:"Ray Dalio Says He's Not Sick, Just Triangulating" 1913: 1808: 1191: 200:(born August 8, 1949) is an American investor and 2322:. BloombergMarkets. Bloomberg L.P. Archived from 2036:"Hedge Fund Titans' Pay Stretching to 10 Figures" 832:The Dalio Foundation has also contributed to the 514:In 2011, Dalio self-published a 123-page volume, 460:stock market strategy returns vs the S&P 500. 3913: 2946: 1852:Corkery, Michael and Eder, Steve, June 22, 2011 1843: 1878: 1953:"The 100 Most Influential People in the World" 1546: 1308: 1306: 2464: 2433: 2427: 2411:"Why and How Capitalism Needs to Be Reformed" 1187: 1185: 1183: 1181: 1179: 941:is Dalio's second book, published in 2017 by 215:Dalio was born in New York City and attended 2953:H. Kent Baker; Greg Filbeck (26 July 2017). 2726:"Data Is the New Oil of the Digital Economy" 2006: 1884: 1748: 1746: 1744: 1742: 1740: 2069:"How Did Bridgewater's Ray Dalio Get Rich?" 1826: 1824: 1752: 1581:2010, Leaders Magazine. Volume 33, Number 3 1303: 53:of quality, and to make it neutral in tone. 3972:Businesspeople from Greenwich, Connecticut 2317: 1806: 1277: 1275: 1176: 1153:"Bloomberg Billionaires Index – Ray Dalio" 825:, which promotes and sponsors research on 387:, who later became famous for building up 93: 3476:"The Biggest Philanthropic Gifts Of 2019" 3125:"Bridgewater's Dalio Joins Giving Pledge" 2959:. Oxford University Press. pp. 52–. 2556: 2156: 2000: 1807:Williamson, Christine (4 February 2008). 1737: 1422: 1420: 1418: 1416: 1414: 1273: 1271: 1269: 1267: 1265: 1263: 1261: 1259: 1257: 1255: 957:is Dalio's third book, published in 2018. 955:Principles for Navigating Big Debt Crises 872:, an initiative of the Dalio family, and 806:In April 2011, Dalio and his wife joined 686:Principles for Navigating Big Debt Crises 69:Learn how and when to remove this message 3805: 2318:Teitelbaum, Richard (29 November 2005). 2217: 2189: 2033: 1944: 1821: 1802: 1800: 1521: 930:is Dalio's first book, published in 2007 791: 705: 612:Capitalism and socio-economic inequality 566: 451: 421:. In 1981, the firm opened an office in 338:, which he still practices to this day. 3808:"13 of the best business books of 2017" 3301: 3137:from the original on September 11, 2015 2899: 2838: 2183: 1950: 1755:"Inside the World's Biggest Hedge Fund" 1281: 230:In 2013, Bridgewater was listed as the 3914: 3657: 3443: 2934:from the original on September 6, 2020 2809: 2807: 2756: 2723: 2698: 2644: 2642: 2640: 2638: 2636: 2634: 2609: 2607: 2605: 2238: 2213: 2211: 2157:Goldstein, Matthew (16 October 2016). 1920:. Penguin Group. pp. Chapter 41. 1708: 1706: 1591: 1589: 1587: 1460: 1458: 1456: 1454: 1452: 1450: 1411: 1252: 1223: 628:income inequality in the United States 3977:21st-century American philanthropists 3687: 3553: 3503: 3229: 3227: 3225: 2992: 2990: 2988: 2866:"2024 Is a Pivotal Year on the Brink" 2863: 2813: 2724:Yonego, Joris Toonders (2014-07-23). 2673: 2648: 2552: 2550: 2408: 2404: 2402: 2400: 2374: 2372: 2270: 2090: 2088: 2048:from the original on 16 December 2017 1797: 1778: 1619: 1617: 1320:from the original on October 12, 2017 1316:. Newspapers.com. September 4, 2002. 802:Dalio giving a speech on philanthropy 481:. In 2007, Bridgewater predicted the 447: 362: 354:to take the United States off of the 3473: 2301:The alpha and beta of a lone manager 2299:Brewster, Deborah (January 8, 2008) 1595: 970: 312: 305:(C.W. Post College) and an MBA from 18: 3997:Stock and commodity market managers 3992:People from Jackson Heights, Queens 3609:CFA Institute Enterprising Investor 3572: 3358: 2804: 2783: 2631: 2602: 2239:Fabbro, Rocio (September 8, 2023). 2208: 2126: 2094: 2015:from the original on March 26, 2018 1703: 1635:from the original on April 11, 2017 1584: 1447: 1338: 1115:from the original on April 17, 2019 1065:from the original on April 23, 2017 429:. The next year, he appeared on an 208:of the world's largest hedge fund, 13: 3962:American people of Italian descent 3806:Clifford, Catherine (2017-12-27). 3597: 3222: 2985: 2908:from the original on April 9, 2017 2784:Lee, Isabelle (December 2, 2021). 2547: 2477:from the original on April 8, 2019 2446:from the original on April 8, 2019 2397: 2378: 2369: 2340: 2171:from the original on 13 April 2018 2085: 2066: 2011:. Institutional Investor's Alpha. 1893:from the original on July 15, 2018 1871:Pazsniokas, Mark (April 10, 2008) 1614: 1522:Clifford, Catherine (2018-03-16). 1332: 1035:from the original on 17 April 2018 921: 395:Founding of Bridgewater Associates 341: 14: 4023: 3859: 3528: 3384: 3259:"Dalio Center for Health Justice" 3184: 2996: 2973:from the original on 7 March 2019 2930:. Bloomberg. September 14, 2019. 2167:. No. DealBook. p. B5. 2044:. No. DealBook. p. B1. 2034:Creswell, Julie (15 April 2013). 1885:Ovide, Shira (October 22, 2010). 1753:O'Keefe, Brian (March 19, 2009). 1549:"World's Top 10 Hedge Fund Firms" 735:(born 1979), is a film director. 3899: 3887: 3865: 3829: 3799: 2651:"Don't Be Blind to China's Rise" 2583: 2271:Roose, Kevin (21 October 2011). 1951:Volcker, Paul (April 18, 2012). 1830:Ward, Sandra (February 9, 2009) 1793:from the original on 2016-11-23. 1295:. pp. 56–65. Archived from 1141:from the original on 2019-07-16. 701: 273:neighborhood of New York City's 23: 3818:from the original on 2017-12-27 3788:from the original on 2020-09-17 3782:American Academy of Achievement 3770: 3759:from the original on 2020-09-17 3753:American Academy of Achievement 3741: 3730:from the original on 2016-12-15 3724:American Academy of Achievement 3708: 3681: 3670:from the original on 2018-09-17 3651: 3640:from the original on 2018-12-31 3622: 3554:Levin, Bess (14 January 2019). 3547: 3522: 3497: 3486:from the original on 2020-05-28 3467: 3456:from the original on 2019-04-02 3437: 3426:from the original on 2019-07-01 3408: 3397:from the original on 2019-03-30 3378: 3367:from the original on 2018-04-11 3352: 3341:from the original on 2018-04-11 3320: 3295: 3277: 3251: 3208: 3197:from the original on 2018-04-09 3178: 3167:from the original on 2017-08-23 3149: 3117: 3093: 3082:from the original on 2012-06-06 3064: 3040: 3015: 2920: 2893: 2882: 2857: 2832: 2777: 2750: 2717: 2692: 2667: 2577: 2536:from the original on 2019-11-06 2518: 2507:from the original on 2019-08-02 2489: 2465:Bill Whitaker (April 7, 2019). 2458: 2434:Mark Niquette (April 7, 2019). 2232: 2139:from the original on 2017-12-28 2120: 2109:from the original on 2017-06-14 2060: 2007:Taub, Steven (April 15, 2013). 1975: 1865: 1779:Dalio, Ray (October 31, 2008). 1772: 1672: 1647: 1565: 1540: 1515: 1504:from the original on 2019-01-12 1482: 1386: 1362: 1351:from the original on 2018-04-13 1241:from the original on 2020-01-17 1206:from the original on 2020-03-30 1165:from the original on 2020-02-14 977:American Academy of Achievement 787: 749:gastroesophageal reflux disease 488:According to a 2007 article in 232:largest hedge fund in the world 3982:Harvard Business School alumni 3837:"Bloomberg Billionaires Index" 3101:"Bloomberg Billionaires Index" 2674:Huang, Eustance (2020-12-30). 2649:Dalio, Ray (23 October 2020). 1813:. Pensions & Investments. 1217: 1145: 1127: 1101: 1077: 1047: 1017: 964:: Why Nations Succeed and Fail 538:Institutional Investor's Alpha 204:manager, who has served as co- 1: 3987:Long Island University alumni 3302:Stevens, Pippa (2020-10-14). 3161:www.institutionalinvestor.com 1912:Rosenthal, Norman E. (2013). 1025:"Bloomberg Billionaire Index" 1010: 845:NewYork–Presbyterian Hospital 664: 264: 223:before receiving an MBA from 3947:American hedge fund managers 3937:American derivatives traders 3932:American commodities traders 3504:Locke, Taylor (2020-12-03). 2814:Gagne, Yasmin (2021-05-10). 2354:. 2020-03-12. Archived from 2218:Copeland, Rob (2023-11-01). 1722:. 2012-11-06. Archived from 1688:. 2012-11-06. Archived from 834:National Philanthropic Trust 616:While Dalio has stated that 509:Dow Jones Industrial Average 350:. While there, he witnessed 135:Long Island University, Post 7: 2757:Browne, Ryan (2021-08-25). 1889:. The Wall Street Journal. 1810:"Hedge Funds: Living Large" 1655:"Hedge Funds: Living large" 938:Principles: Life & Work 914:. He is especially fond of 725:Gertrude Vanderbilt Whitney 676:Principles: Life & Work 383:, a securities firm run by 377:Dominick & Dominick LLC 243:Principles: Life & Work 10: 4028: 3658:Montag, Ali (2018-09-14). 2900:Finance (March 19, 2012). 1840:. Retrieved March 18, 2010 1659:Pensions & Investments 893: 879:Dalio has also backed the 483:2007–2008 financial crisis 317: 4012:Chief investment officers 4007:American business writers 3688:Dalio, Ray (2021-08-17). 2864:Dalio, Ray (2024-01-17). 2557:Ray Dalio (15 May 2020). 2409:Dalio, Ray (2020-10-13). 827:Transcendental Meditation 754: 738: 718: 531:listed him as one of the 336:Transcendental Meditation 184: 176: 165: 154: 130: 101: 92: 85: 3749:"2012 Summit Highlights" 3420:Bloomberg Philanthropies 2381:"Risk Parity Definition" 2127:Cox, Jeff (2017-03-01). 2095:Cox, Jeff (2017-03-01). 1854:"Bridgewater Goes Large" 962:The Changing World Order 874:Bloomberg Philanthropies 743:Dalio has suffered from 653:initial public offerings 638: 606: 479:United Technologies Corp 206:chief investment officer 3957:American money managers 1859:The Wall Street Journal 1498:Harvard Business School 1339:Cometto, Maria Teresa. 780:list. In January 2022, 682:Principles for Success. 547:assets under management 475:National Australia Bank 427:1987 stock market crash 348:New York Stock Exchange 307:Harvard Business School 225:Harvard Business School 3967:American stock traders 3870:Quotations related to 3694:. Simon and Schuster. 3634:Institutional Investor 3444:Chaykowski, Kathleen. 3332:Stamford, Connecticut 3235:"Raymond Thomas Dalio" 3027:Institutional Investor 2190:Copeland, Rob (2023). 1572:"Radical Transparency" 1470:Academy of Achievement 1374:Academy of Achievement 966:was published in 2021. 823:David Lynch Foundation 803: 729:Greenwich, Connecticut 715: 712:Academy of Achievement 585:Bridgewater Associates 461: 402:Bridgewater Associates 328:Long Island University 303:Long Island University 269:Dalio was born in the 221:Long Island University 210:Bridgewater Associates 171:Bridgewater Associates 34:may be written from a 3927:American billionaires 1916:The Gift of Adversity 801: 709: 684:Dalio also published 567:Investment philosophy 455: 423:Westport, Connecticut 381:Shearson Hayden Stone 254:. It was featured on 252:investment philosophy 40:neutral point of view 3264:NewYork-Presbyterian 2904:. Business Insider. 2839:Varadarajan, Tunku. 1815:Crain Communications 1596:Comstock, Courtney. 1547:Andrew Bloomenthal. 1500:. 6 September 2017. 943:Simon & Schuster 299:Herricks High School 248:corporate management 198:Raymond Thomas Dalio 106:Raymond Thomas Dalio 3942:American financiers 3720:www.achievement.org 2699:Bhageshpur, Kiran. 2532:. 5 November 2019. 2281:. No. DealBook 2253:on October 11, 2023 1345:Corriere della Sera 1225:Sorkin, Andrew Ross 1059:Inside Philanthropy 745:Barrett's esophagus 669:To follow the 2017 533:50 Most Influential 469:, the $ 27 billion 456:Bridgewater Assoc. 369:Wilton, Connecticut 36:fan's point of view 3952:American investors 3359:Nicosia, Mareesa. 3291:. 13 October 2020. 3133:. April 28, 2011. 3130:The New York Times 2328:on 6 November 2012 2303:, Financial Times. 2278:The New York Times 2225:The New York Times 2164:The New York Times 2041:The New York Times 1963:on August 17, 2013 1577:2017-10-24 at the 1494:www.alumni.hbs.edu 1439:, April 10, 2011, 1432:2017-12-05 at the 1234:The New York Times 1199:The New York Times 804: 716: 496:Daily Observations 473:, Melbourne-based 462: 448:Rise to prominence 432:Oprah Winfrey Show 407:Daily Observations 363:Professional start 295:Northeast Airlines 257:The New York Times 188:4 sons, including 144:Harvard University 3701:978-1-9821-6479-9 3029:. 15 January 2019 2966:978-0-19-060739-5 2194:. Pan Macmillan. 1939:Dalio Principles. 1299:on April 2, 2014. 1285:(July 25, 2011). 971:Awards and honors 861:Audacious Project 849:COVID-19 pandemic 843:Dalio has sat on 838:polio eradication 799: 649:COVID-19 pandemic 645:global superpower 632:wealth inequality 528:Bloomberg Markets 500:2008 stock market 332:commodity futures 324:C.W. Post College 313:Investment career 217:C.W. Post College 195: 194: 79: 78: 71: 4019: 3904: 3903: 3892: 3891: 3890: 3883: 3869: 3853: 3852: 3850: 3849: 3833: 3827: 3826: 3824: 3823: 3803: 3797: 3796: 3794: 3793: 3774: 3768: 3767: 3765: 3764: 3745: 3739: 3738: 3736: 3735: 3712: 3706: 3705: 3685: 3679: 3678: 3676: 3675: 3655: 3649: 3648: 3646: 3645: 3626: 3620: 3619: 3617: 3616: 3601: 3595: 3594: 3592: 3591: 3576: 3570: 3569: 3567: 3566: 3551: 3545: 3544: 3542: 3541: 3526: 3520: 3519: 3517: 3516: 3501: 3495: 3494: 3492: 3491: 3474:Yakowicz, Will. 3471: 3465: 3464: 3462: 3461: 3441: 3435: 3434: 3432: 3431: 3412: 3406: 3405: 3403: 3402: 3382: 3376: 3375: 3373: 3372: 3356: 3350: 3349: 3347: 3346: 3324: 3318: 3317: 3315: 3314: 3299: 3293: 3292: 3281: 3275: 3274: 3272: 3271: 3255: 3249: 3248: 3246: 3245: 3231: 3220: 3219: 3212: 3206: 3205: 3203: 3202: 3182: 3176: 3175: 3173: 3172: 3153: 3147: 3146: 3144: 3142: 3121: 3115: 3114: 3112: 3111: 3097: 3091: 3090: 3088: 3087: 3068: 3062: 3061: 3059: 3058: 3044: 3038: 3037: 3035: 3034: 3019: 3013: 3012: 3010: 3009: 2994: 2983: 2982: 2980: 2978: 2950: 2944: 2943: 2941: 2939: 2924: 2918: 2917: 2915: 2913: 2897: 2891: 2886: 2880: 2879: 2877: 2876: 2861: 2855: 2854: 2852: 2851: 2836: 2830: 2829: 2827: 2826: 2811: 2802: 2801: 2799: 2798: 2791:Business Insider 2781: 2775: 2774: 2772: 2771: 2754: 2748: 2747: 2745: 2744: 2721: 2715: 2714: 2712: 2711: 2696: 2690: 2689: 2687: 2686: 2671: 2665: 2664: 2662: 2661: 2646: 2629: 2628: 2626: 2625: 2619:www.linkedin.com 2611: 2600: 2599: 2597: 2596: 2581: 2575: 2574: 2572: 2571: 2554: 2545: 2544: 2542: 2541: 2522: 2516: 2515: 2513: 2512: 2503:. 28 July 2019. 2493: 2487: 2486: 2484: 2482: 2462: 2456: 2455: 2453: 2451: 2431: 2425: 2424: 2422: 2421: 2406: 2395: 2394: 2392: 2391: 2376: 2367: 2366: 2364: 2363: 2344: 2338: 2337: 2335: 2333: 2327: 2315: 2304: 2297: 2291: 2290: 2288: 2286: 2268: 2262: 2261: 2259: 2258: 2249:. Archived from 2236: 2230: 2229: 2215: 2206: 2205: 2187: 2181: 2180: 2178: 2176: 2154: 2148: 2147: 2145: 2144: 2124: 2118: 2117: 2115: 2114: 2092: 2083: 2082: 2080: 2079: 2064: 2058: 2057: 2055: 2053: 2031: 2025: 2024: 2022: 2020: 2004: 1998: 1997: 1995: 1994: 1979: 1973: 1972: 1970: 1968: 1959:. Archived from 1948: 1942: 1941: 1936: 1934: 1919: 1909: 1903: 1902: 1900: 1898: 1882: 1876: 1875:Hartford Courant 1869: 1863: 1850: 1841: 1828: 1819: 1818: 1812: 1804: 1795: 1794: 1792: 1785: 1776: 1770: 1769: 1767: 1765: 1750: 1735: 1734: 1732: 1731: 1710: 1701: 1700: 1698: 1697: 1676: 1670: 1669: 1667: 1666: 1651: 1645: 1644: 1642: 1640: 1629:Business Insider 1621: 1612: 1611: 1609: 1608: 1602:Business Insider 1593: 1582: 1569: 1563: 1562: 1560: 1559: 1544: 1538: 1537: 1535: 1534: 1519: 1513: 1512: 1510: 1509: 1486: 1480: 1479: 1477: 1476: 1462: 1445: 1424: 1409: 1408: 1406: 1405: 1390: 1384: 1383: 1381: 1380: 1366: 1360: 1359: 1357: 1356: 1336: 1330: 1329: 1327: 1325: 1310: 1301: 1300: 1279: 1250: 1249: 1247: 1246: 1221: 1215: 1214: 1212: 1211: 1189: 1174: 1173: 1171: 1170: 1149: 1143: 1142: 1131: 1125: 1124: 1122: 1120: 1105: 1099: 1098: 1096: 1095: 1081: 1075: 1074: 1072: 1070: 1051: 1045: 1044: 1042: 1040: 1021: 985:David Rubenstein 881:Volcker Alliance 868:squid. In 2018, 800: 552:A November 2023 352:Nixon's decision 119: 115: 113: 97: 83: 82: 74: 67: 63: 60: 54: 49:to conform to a 38:, rather than a 27: 26: 19: 4027: 4026: 4022: 4021: 4020: 4018: 4017: 4016: 3912: 3911: 3910: 3898: 3888: 3886: 3878: 3862: 3857: 3856: 3847: 3845: 3835: 3834: 3830: 3821: 3819: 3804: 3800: 3791: 3789: 3776: 3775: 3771: 3762: 3760: 3747: 3746: 3742: 3733: 3731: 3714: 3713: 3709: 3702: 3686: 3682: 3673: 3671: 3656: 3652: 3643: 3641: 3628: 3627: 3623: 3614: 3612: 3603: 3602: 3598: 3589: 3587: 3578: 3577: 3573: 3564: 3562: 3552: 3548: 3539: 3537: 3535:www.barrons.com 3527: 3523: 3514: 3512: 3502: 3498: 3489: 3487: 3472: 3468: 3459: 3457: 3442: 3438: 3429: 3427: 3414: 3413: 3409: 3400: 3398: 3385:Vardi, Nathan. 3383: 3379: 3370: 3368: 3357: 3353: 3344: 3342: 3326: 3325: 3321: 3312: 3310: 3300: 3296: 3283: 3282: 3278: 3269: 3267: 3257: 3256: 3252: 3243: 3241: 3233: 3232: 3223: 3214: 3213: 3209: 3200: 3198: 3185:Vardi, Nathan. 3183: 3179: 3170: 3168: 3163:. 23 May 2016. 3155: 3154: 3150: 3140: 3138: 3123: 3122: 3118: 3109: 3107: 3099: 3098: 3094: 3085: 3083: 3070: 3069: 3065: 3056: 3054: 3046: 3045: 3041: 3032: 3030: 3021: 3020: 3016: 3007: 3005: 2997:Vardi, Nathan. 2995: 2986: 2976: 2974: 2967: 2951: 2947: 2937: 2935: 2926: 2925: 2921: 2911: 2909: 2898: 2894: 2887: 2883: 2874: 2872: 2862: 2858: 2849: 2847: 2837: 2833: 2824: 2822: 2812: 2805: 2796: 2794: 2782: 2778: 2769: 2767: 2755: 2751: 2742: 2740: 2722: 2718: 2709: 2707: 2697: 2693: 2684: 2682: 2672: 2668: 2659: 2657: 2655:Financial Times 2647: 2632: 2623: 2621: 2613: 2612: 2603: 2594: 2592: 2582: 2578: 2569: 2567: 2555: 2548: 2539: 2537: 2524: 2523: 2519: 2510: 2508: 2501:www.cbsnews.com 2495: 2494: 2490: 2480: 2478: 2463: 2459: 2449: 2447: 2432: 2428: 2419: 2417: 2407: 2398: 2389: 2387: 2377: 2370: 2361: 2359: 2346: 2345: 2341: 2331: 2329: 2316: 2307: 2298: 2294: 2284: 2282: 2269: 2265: 2256: 2254: 2237: 2233: 2216: 2209: 2202: 2188: 2184: 2174: 2172: 2155: 2151: 2142: 2140: 2125: 2121: 2112: 2110: 2093: 2086: 2077: 2075: 2065: 2061: 2051: 2049: 2032: 2028: 2018: 2016: 2009:"The Rich List" 2005: 2001: 1992: 1990: 1981: 1980: 1976: 1966: 1964: 1949: 1945: 1932: 1930: 1928: 1910: 1906: 1896: 1894: 1883: 1879: 1870: 1866: 1851: 1844: 1829: 1822: 1805: 1798: 1790: 1783: 1777: 1773: 1763: 1761: 1751: 1738: 1729: 1727: 1712: 1711: 1704: 1695: 1693: 1678: 1677: 1673: 1664: 1662: 1653: 1652: 1648: 1638: 1636: 1623: 1622: 1615: 1606: 1604: 1594: 1585: 1579:Wayback Machine 1570: 1566: 1557: 1555: 1545: 1541: 1532: 1530: 1520: 1516: 1507: 1505: 1488: 1487: 1483: 1474: 1472: 1464: 1463: 1448: 1434:Wayback Machine 1425: 1412: 1403: 1401: 1392: 1391: 1387: 1378: 1376: 1368: 1367: 1363: 1354: 1352: 1337: 1333: 1323: 1321: 1312: 1311: 1304: 1280: 1253: 1244: 1242: 1222: 1218: 1209: 1207: 1190: 1177: 1168: 1166: 1151: 1150: 1146: 1133: 1132: 1128: 1118: 1116: 1107: 1106: 1102: 1093: 1091: 1083: 1082: 1078: 1068: 1066: 1053: 1052: 1048: 1038: 1036: 1023: 1022: 1018: 1013: 973: 924: 922:Published works 896: 792: 790: 757: 741: 721: 704: 667: 658:economic reform 641: 614: 609: 569: 450: 397: 365: 344: 342:Graduate school 320: 315: 271:Jackson Heights 267: 259:bestseller list 142: 126: 120: 117: 111: 109: 108: 107: 88: 75: 64: 58: 55: 51:higher standard 44: 28: 24: 17: 12: 11: 5: 4025: 4015: 4014: 4009: 4004: 3999: 3994: 3989: 3984: 3979: 3974: 3969: 3964: 3959: 3954: 3949: 3944: 3939: 3934: 3929: 3924: 3909: 3908: 3896: 3876: 3875: 3861: 3860:External links 3858: 3855: 3854: 3842:Bloomberg News 3828: 3798: 3769: 3740: 3707: 3700: 3680: 3650: 3621: 3596: 3571: 3546: 3521: 3496: 3466: 3436: 3407: 3377: 3351: 3337:. 2018-04-09. 3319: 3294: 3276: 3250: 3221: 3207: 3177: 3148: 3116: 3092: 3063: 3039: 3014: 2984: 2965: 2945: 2919: 2892: 2881: 2856: 2831: 2803: 2776: 2749: 2716: 2691: 2666: 2630: 2601: 2576: 2546: 2517: 2488: 2457: 2426: 2396: 2379:Barone, Adam. 2368: 2339: 2305: 2292: 2263: 2231: 2207: 2200: 2182: 2149: 2119: 2084: 2067:Zitter, Leah. 2059: 2026: 1999: 1974: 1943: 1926: 1904: 1877: 1864: 1842: 1820: 1796: 1771: 1736: 1719:Bloomberg News 1702: 1685:Bloomberg News 1671: 1646: 1613: 1583: 1564: 1539: 1514: 1481: 1446: 1410: 1385: 1361: 1347:(in Italian). 1331: 1302: 1292:The New Yorker 1251: 1227:(2017-09-04). 1216: 1175: 1158:Bloomberg News 1144: 1126: 1111:. Algemeiner. 1100: 1076: 1046: 1015: 1014: 1012: 1009: 972: 969: 968: 967: 958: 952: 948:New York Times 934: 923: 920: 895: 892: 812:Warren Buffett 789: 786: 782:Bloomberg News 756: 753: 740: 737: 720: 717: 703: 700: 671:New York Times 666: 663: 640: 637: 613: 610: 608: 605: 577:Warren Buffett 568: 565: 555:New York Times 543:Jon Rubinstein 449: 446: 396: 393: 364: 361: 343: 340: 326:, a campus of 319: 316: 314: 311: 266: 263: 193: 192: 186: 182: 181: 178: 174: 173: 167: 166:Known for 163: 162: 156: 152: 151: 132: 128: 127: 121: 116:August 8, 1949 105: 103: 99: 98: 90: 89: 86: 77: 76: 31: 29: 22: 15: 9: 6: 4: 3: 2: 4024: 4013: 4010: 4008: 4005: 4003: 4002:Living people 4000: 3998: 3995: 3993: 3990: 3988: 3985: 3983: 3980: 3978: 3975: 3973: 3970: 3968: 3965: 3963: 3960: 3958: 3955: 3953: 3950: 3948: 3945: 3943: 3940: 3938: 3935: 3933: 3930: 3928: 3925: 3923: 3920: 3919: 3917: 3907: 3902: 3897: 3895: 3885: 3884: 3881: 3873: 3868: 3864: 3863: 3844: 3843: 3838: 3832: 3817: 3813: 3809: 3802: 3787: 3783: 3779: 3773: 3758: 3754: 3750: 3744: 3729: 3725: 3721: 3717: 3711: 3703: 3697: 3693: 3692: 3684: 3669: 3665: 3661: 3654: 3639: 3635: 3631: 3625: 3610: 3606: 3600: 3585: 3584:Tamma Capital 3581: 3575: 3561: 3557: 3550: 3536: 3532: 3529:Block, Fang. 3525: 3511: 3507: 3500: 3485: 3481: 3477: 3470: 3455: 3451: 3447: 3440: 3425: 3421: 3417: 3411: 3396: 3392: 3388: 3381: 3366: 3362: 3355: 3340: 3336: 3335: 3329: 3323: 3309: 3305: 3298: 3290: 3289:Bloomberg.com 3286: 3280: 3266: 3265: 3260: 3254: 3240: 3236: 3230: 3228: 3226: 3217: 3211: 3196: 3192: 3188: 3181: 3166: 3162: 3158: 3152: 3136: 3132: 3131: 3126: 3120: 3106: 3105:Bloomberg.com 3102: 3096: 3081: 3077: 3073: 3067: 3053: 3049: 3043: 3028: 3024: 3018: 3004: 3000: 2993: 2991: 2989: 2972: 2968: 2962: 2958: 2957: 2949: 2933: 2929: 2923: 2907: 2903: 2896: 2890: 2885: 2871: 2867: 2860: 2846: 2842: 2835: 2821: 2817: 2810: 2808: 2793: 2792: 2787: 2780: 2766: 2765: 2760: 2753: 2739: 2735: 2731: 2727: 2720: 2706: 2702: 2695: 2681: 2677: 2670: 2656: 2652: 2645: 2643: 2641: 2639: 2637: 2635: 2620: 2616: 2610: 2608: 2606: 2591: 2587: 2580: 2566: 2565: 2560: 2553: 2551: 2535: 2531: 2530:Bloomberg.com 2527: 2521: 2506: 2502: 2498: 2492: 2476: 2472: 2468: 2461: 2445: 2441: 2440:Bloomberg.com 2437: 2430: 2416: 2412: 2405: 2403: 2401: 2386: 2382: 2375: 2373: 2358:on 2021-04-11 2357: 2353: 2352:Bloomberg.com 2349: 2343: 2326: 2321: 2314: 2312: 2310: 2302: 2296: 2280: 2279: 2274: 2267: 2252: 2248: 2247: 2246:The Messenger 2242: 2235: 2227: 2226: 2221: 2214: 2212: 2203: 2201:9781529075564 2197: 2193: 2186: 2170: 2166: 2165: 2160: 2153: 2138: 2134: 2130: 2123: 2108: 2104: 2103: 2098: 2091: 2089: 2074: 2070: 2063: 2047: 2043: 2042: 2037: 2030: 2014: 2010: 2003: 1988: 1984: 1978: 1962: 1958: 1954: 1947: 1940: 1929: 1927:9780399163715 1923: 1918: 1917: 1908: 1892: 1888: 1881: 1874: 1868: 1861: 1860: 1855: 1849: 1847: 1839: 1838: 1833: 1827: 1825: 1816: 1811: 1803: 1801: 1789: 1782: 1775: 1760: 1756: 1749: 1747: 1745: 1743: 1741: 1726:on 2012-11-06 1725: 1721: 1720: 1715: 1709: 1707: 1692:on 2012-11-06 1691: 1687: 1686: 1681: 1675: 1660: 1656: 1650: 1634: 1630: 1626: 1620: 1618: 1603: 1599: 1592: 1590: 1588: 1580: 1576: 1573: 1568: 1554: 1550: 1543: 1529: 1525: 1518: 1503: 1499: 1495: 1491: 1485: 1471: 1467: 1461: 1459: 1457: 1455: 1453: 1451: 1444: 1443: 1438: 1435: 1431: 1428: 1423: 1421: 1419: 1417: 1415: 1399: 1395: 1389: 1375: 1371: 1365: 1350: 1346: 1342: 1335: 1319: 1315: 1309: 1307: 1298: 1294: 1293: 1288: 1284: 1283:Cassidy, John 1278: 1276: 1274: 1272: 1270: 1268: 1266: 1264: 1262: 1260: 1258: 1256: 1240: 1236: 1235: 1230: 1226: 1220: 1205: 1201: 1200: 1195: 1188: 1186: 1184: 1182: 1180: 1164: 1160: 1159: 1154: 1148: 1140: 1136: 1130: 1114: 1110: 1104: 1090: 1086: 1080: 1064: 1060: 1056: 1050: 1034: 1030: 1029:Bloomberg.com 1026: 1020: 1016: 1008: 1006: 1005: 1000: 999: 994: 990: 986: 982: 981:Carlyle Group 979:presented by 978: 965: 963: 959: 956: 953: 950: 949: 944: 940: 939: 935: 933: 929: 926: 925: 919: 917: 913: 909: 905: 901: 891: 888: 886: 882: 877: 875: 871: 866: 862: 858: 852: 850: 846: 841: 839: 835: 830: 828: 824: 819: 817: 816:Giving Pledge 813: 809: 785: 783: 779: 775: 774: 770:According to 768: 766: 762: 752: 750: 746: 736: 734: 730: 726: 713: 708: 702:Personal life 699: 696: 695: 691: 687: 683: 679: 677: 672: 662: 659: 654: 650: 646: 636: 633: 629: 625: 624: 619: 604: 602: 598: 594: 590: 589:short selling 586: 582: 578: 573: 564: 562: 557: 556: 550: 548: 544: 539: 534: 530: 529: 524: 522: 517: 512: 510: 506: 501: 497: 493: 492: 486: 484: 480: 476: 472: 468: 459: 454: 445: 443: 439: 434: 433: 428: 424: 420: 419:Eastman Kodak 416: 412: 408: 403: 392: 390: 386: 382: 378: 374: 370: 360: 357: 356:gold standard 353: 349: 339: 337: 333: 329: 325: 310: 308: 304: 300: 296: 292: 288: 284: 283:Nassau County 280: 276: 272: 262: 260: 258: 253: 249: 245: 244: 239: 238: 233: 228: 226: 222: 218: 213: 211: 207: 203: 199: 191: 187: 183: 180:Barbara Dalio 179: 175: 172: 168: 164: 160: 157: 153: 149: 145: 140: 136: 133: 129: 124: 123:New York City 118:(age 75) 104: 100: 96: 91: 84: 81: 73: 70: 62: 52: 48: 42: 41: 37: 32:This article 30: 21: 20: 3874:at Wikiquote 3846:. Retrieved 3840: 3831: 3820:. Retrieved 3811: 3801: 3790:. Retrieved 3772: 3761:. Retrieved 3743: 3732:. Retrieved 3719: 3710: 3690: 3683: 3672:. Retrieved 3663: 3653: 3642:. Retrieved 3633: 3624: 3613:. Retrieved 3611:. 2019-08-09 3608: 3599: 3588:. Retrieved 3586:. 2012-08-08 3583: 3574: 3563:. Retrieved 3559: 3549: 3538:. Retrieved 3534: 3524: 3513:. Retrieved 3509: 3499: 3488:. Retrieved 3479: 3469: 3458:. Retrieved 3449: 3439: 3428:. Retrieved 3419: 3410: 3399:. Retrieved 3390: 3380: 3369:. Retrieved 3354: 3343:. Retrieved 3331: 3322: 3311:. Retrieved 3307: 3297: 3288: 3279: 3268:. Retrieved 3262: 3253: 3242:. Retrieved 3238: 3210: 3199:. Retrieved 3190: 3180: 3169:. Retrieved 3160: 3151: 3139:. Retrieved 3128: 3119: 3108:. Retrieved 3104: 3095: 3084:. Retrieved 3075: 3066: 3055:. Retrieved 3051: 3042: 3031:. Retrieved 3026: 3017: 3006:. Retrieved 3002: 2977:22 September 2975:. Retrieved 2955: 2948: 2936:. Retrieved 2922: 2910:. Retrieved 2895: 2884: 2873:. Retrieved 2869: 2859: 2848:. Retrieved 2844: 2834: 2823:. Retrieved 2820:Fast Company 2819: 2795:. Retrieved 2789: 2779: 2768:. Retrieved 2762: 2752: 2741:. Retrieved 2729: 2719: 2708:. Retrieved 2704: 2694: 2683:. Retrieved 2679: 2669: 2658:. Retrieved 2654: 2622:. Retrieved 2618: 2593:. Retrieved 2589: 2584:Paul, Kari. 2579: 2568:. Retrieved 2564:CNN Business 2562: 2538:. Retrieved 2529: 2520: 2509:. Retrieved 2500: 2491: 2479:. Retrieved 2470: 2460: 2448:. Retrieved 2439: 2429: 2418:. Retrieved 2414: 2388:. Retrieved 2385:Investopedia 2384: 2360:. Retrieved 2356:the original 2351: 2342: 2330:. Retrieved 2325:the original 2300: 2295: 2283:. Retrieved 2276: 2266: 2255:. Retrieved 2251:the original 2244: 2234: 2223: 2191: 2185: 2173:. Retrieved 2162: 2152: 2141:. Retrieved 2132: 2122: 2111:. Retrieved 2100: 2076:. Retrieved 2073:Investopedia 2072: 2062: 2050:. Retrieved 2039: 2029: 2017:. Retrieved 2002: 1991:. Retrieved 1989:. 2012-02-20 1986: 1977: 1965:. Retrieved 1961:the original 1956: 1946: 1938: 1931:. Retrieved 1915: 1907: 1895:. Retrieved 1880: 1872: 1867: 1857: 1835: 1774: 1762:. Retrieved 1758: 1728:. Retrieved 1724:the original 1717: 1694:. Retrieved 1690:the original 1683: 1674: 1663:. Retrieved 1661:. 2008-02-04 1658: 1649: 1637:. Retrieved 1628: 1605:. Retrieved 1601: 1567: 1556:. Retrieved 1553:Investopedia 1552: 1542: 1531:. Retrieved 1527: 1517: 1506:. Retrieved 1493: 1484: 1473:. Retrieved 1469: 1440: 1402:. Retrieved 1400:. 2017-11-15 1397: 1388: 1377:. Retrieved 1373: 1364: 1353:. Retrieved 1344: 1334: 1322:. Retrieved 1297:the original 1290: 1243:. Retrieved 1232: 1219: 1208:. Retrieved 1197: 1167:. Retrieved 1156: 1147: 1129: 1117:. Retrieved 1103: 1092:. Retrieved 1088: 1079: 1067:. Retrieved 1058: 1049: 1037:. Retrieved 1028: 1019: 1002: 996: 992: 974: 960: 954: 946: 936: 931: 927: 900:cape buffalo 897: 889: 885:Paul Volcker 878: 864: 853: 842: 831: 820: 805: 788:Philanthropy 781: 771: 769: 765:George Soros 760: 758: 747:, a form of 742: 722: 697: 693: 689: 688:in 2018 and 685: 681: 674: 670: 668: 642: 621: 615: 597:deflationary 593:deleveraging 574: 570: 553: 551: 537: 526: 520: 515: 513: 495: 489: 487: 463: 458:Pure Alpha I 457: 430: 406: 398: 366: 345: 321: 268: 256: 241: 235: 229: 214: 197: 196: 80: 65: 56: 33: 3922:1949 births 3560:Dealbreaker 3072:"Ray Dalio" 3048:"Ray Dalio" 2590:MarketWatch 2471:cbsnews.com 1933:December 4, 1897:December 4, 1466:"Ray Dalio" 1437:Kevin Roose 1370:"Ray Dalio" 1135:"Ray Dalio" 1085:"Ray Dalio" 983:co-founder 945:. It was a 916:bow-hunting 673:bestseller 581:Peter Lynch 505:John McCain 442:risk parity 385:Sandy Weill 291:Park Avenue 169:Founder of 47:clean it up 3916:Categories 3848:2021-04-24 3822:2017-12-28 3792:2020-10-02 3763:2020-10-02 3734:2020-10-02 3674:2018-09-17 3644:2018-12-31 3615:2021-04-02 3590:2021-04-02 3565:2021-04-10 3540:2021-04-03 3515:2021-04-03 3490:2020-10-15 3460:2019-04-02 3430:2019-05-22 3401:2019-03-30 3371:2018-04-10 3345:2018-04-10 3313:2021-04-03 3270:2022-01-04 3244:2021-04-10 3201:2018-04-09 3171:2017-08-23 3110:2022-01-21 3086:2019-01-30 3057:2023-05-17 3033:2021-04-02 3008:2021-04-02 2875:2024-05-23 2850:2024-05-27 2825:2024-05-09 2797:2021-12-04 2770:2021-12-04 2743:2021-04-03 2710:2021-04-03 2685:2021-04-03 2660:2021-04-24 2624:2021-04-03 2595:2021-04-24 2570:2021-04-02 2540:2019-11-05 2511:2019-08-07 2420:2021-04-02 2390:2021-04-10 2362:2021-04-04 2285:28 October 2257:2023-11-01 2143:2017-12-28 2113:2017-06-23 2078:2021-03-30 1993:2023-09-09 1967:August 15, 1862:, p. C1–C2 1730:2021-04-04 1696:2021-04-24 1665:2021-04-04 1607:2021-04-04 1558:2021-04-04 1533:2021-04-04 1508:2019-01-30 1475:2021-04-04 1404:2021-03-29 1379:2021-04-03 1355:2018-04-12 1245:2020-04-06 1210:2020-04-06 1169:2020-02-07 1094:2020-11-18 1011:References 993:Principles 840:projects. 808:Bill Gates 778:Forbes 400 733:Paul Dalio 665:Principles 623:60 Minutes 618:capitalism 516:Principles 415:World Bank 411:McDonald's 287:Copacabana 265:Early life 234:. In 2020 202:hedge fund 159:Hedge fund 155:Occupation 112:1949-08-08 59:April 2021 3894:Biography 3872:Ray Dalio 3141:April 29, 2938:April 17, 2738:1059-1028 2019:April 16, 1764:March 22, 1639:April 12, 1119:March 19, 1069:April 22, 601:recession 561:MacMillan 389:Citigroup 309:in 1973. 279:Manhasset 237:Bloomberg 131:Education 87:Ray Dalio 3906:Business 3816:Archived 3786:Archived 3757:Archived 3728:Archived 3668:Archived 3638:Archived 3484:Archived 3454:Archived 3424:Archived 3395:Archived 3365:Archived 3339:Archived 3239:Wealth-X 3195:Archived 3165:Archived 3135:Archived 3080:Archived 2971:Archived 2932:Archived 2906:Archived 2534:Archived 2505:Archived 2481:April 9, 2475:Archived 2450:April 9, 2444:Archived 2332:22 March 2175:12 April 2169:Archived 2137:Archived 2107:Archived 2046:Archived 2013:Archived 1891:Archived 1837:Barron's 1788:Archived 1633:Archived 1575:Archived 1502:Archived 1442:New York 1430:Archived 1349:Archived 1318:Archived 1239:Archived 1204:Archived 1163:Archived 1139:Archived 1113:Archived 1063:Archived 1039:18 April 1033:Archived 491:Barron's 246:, about 185:Children 3880:Portals 2912:June 2, 1987:Reuters 1759:Fortune 1324:June 8, 991:listed 912:warthog 894:Hobbies 692:in 2021 373:futures 318:College 161:manager 45:Please 3698: 3480:Forbes 3450:Forbes 3391:Forbes 3191:Forbes 3076:Forbes 3052:Forbes 3003:Forbes 2963: 2736: 2705:Forbes 2198: 1924: 1089:Forbes 910:, and 904:grouse 870:OceanX 865:Forbes 773:Forbes 761:Forbes 755:Wealth 739:Health 719:Family 438:NASDAQ 275:Queens 177:Spouse 125:, U.S. 3334:Patch 2730:Wired 2052:2 May 1791:(PDF) 1784:(PDF) 1004:Wired 998:AiCIO 836:, to 727:, in 639:China 626:that 607:Views 3812:CNBC 3696:ISBN 3664:CNBC 3510:CNBC 3308:CNBC 3143:2015 2979:2018 2961:ISBN 2940:2020 2914:2017 2870:TIME 2764:CNBC 2734:ISSN 2680:CNBC 2483:2019 2452:2019 2334:2010 2287:2011 2196:ISBN 2177:2018 2133:CNBC 2102:CNBC 2054:2019 2021:2013 1969:2012 1957:Time 1935:2013 1922:ISBN 1899:2013 1766:2010 1641:2017 1528:CNBC 1398:Golf 1326:2017 1121:2013 1071:2017 1041:2018 1001:and 989:CNBC 810:and 595:and 579:and 521:Time 417:and 250:and 190:Paul 102:Born 2845:WSJ 908:elk 859:'s 857:TED 814:'s 523:100 281:in 219:of 148:MBA 3918:: 3839:. 3814:. 3810:. 3784:. 3780:. 3755:. 3751:. 3726:. 3722:. 3718:. 3666:. 3662:. 3636:. 3632:. 3607:. 3582:. 3558:. 3533:. 3508:. 3482:. 3478:. 3452:. 3448:. 3422:. 3418:. 3393:. 3389:. 3363:. 3330:. 3306:. 3287:. 3261:. 3237:. 3224:^ 3193:. 3189:. 3159:. 3127:. 3103:. 3078:. 3074:. 3050:. 3025:. 3001:. 2987:^ 2969:. 2868:. 2843:. 2818:. 2806:^ 2788:. 2761:. 2732:. 2728:. 2703:. 2678:. 2653:. 2633:^ 2617:. 2604:^ 2588:. 2561:. 2549:^ 2528:. 2499:. 2473:. 2469:. 2442:. 2438:. 2413:. 2399:^ 2383:. 2371:^ 2350:. 2308:^ 2275:. 2243:. 2222:. 2210:^ 2161:. 2135:. 2131:. 2105:. 2099:. 2087:^ 2071:. 2038:. 1985:. 1955:. 1937:. 1856:, 1845:^ 1834:, 1823:^ 1799:^ 1786:. 1757:. 1739:^ 1716:. 1705:^ 1682:. 1657:. 1631:. 1627:. 1616:^ 1600:. 1586:^ 1551:. 1526:. 1496:. 1492:. 1468:. 1449:^ 1413:^ 1396:. 1372:. 1343:. 1305:^ 1289:. 1254:^ 1237:. 1231:. 1202:. 1196:. 1178:^ 1161:. 1155:. 1137:. 1087:. 1061:. 1057:. 1031:. 1027:. 1007:. 906:, 902:, 887:. 829:. 444:. 261:. 139:BS 114:) 3882:: 3851:. 3825:. 3795:. 3766:. 3737:. 3704:. 3677:. 3647:. 3618:. 3593:. 3568:. 3543:. 3518:. 3493:. 3463:. 3433:. 3404:. 3374:. 3348:. 3316:. 3273:. 3247:. 3218:. 3204:. 3174:. 3145:. 3113:. 3089:. 3060:. 3036:. 3011:. 2981:. 2942:. 2916:. 2878:. 2853:. 2828:. 2800:. 2773:. 2746:. 2713:. 2688:. 2663:. 2627:. 2598:. 2573:. 2543:. 2514:. 2485:. 2454:. 2423:. 2393:. 2365:. 2336:. 2289:. 2260:. 2228:. 2204:. 2179:. 2146:. 2116:. 2081:. 2056:. 2023:. 1996:. 1971:. 1901:. 1817:. 1768:. 1733:. 1699:. 1668:. 1643:. 1610:. 1561:. 1536:. 1511:. 1478:. 1407:. 1382:. 1358:. 1328:. 1248:. 1213:. 1172:. 1123:. 1097:. 1073:. 1043:. 932:. 694:. 678:, 150:) 146:( 141:) 137:( 110:( 72:) 66:( 61:) 57:( 43:.

Text is available under the Creative Commons Attribution-ShareAlike License. Additional terms may apply.