Ray Dalio.pdf

Ray Dalio Ray Dalio (born August 1, 1949) is an American businessman and founder of the investment firm Bridgewater Associates.[2] In 2012, Dalio appeared on the annual Time 100 list of the 100 most influential people in the world.[3] In 2011 and 2012 he was listed by Bloomberg Markets as one of the 50 Most Influential people. Institutional Investor’s Alpha ranked him No. 2 on their 2012 Rich List.[4][5] According to Forbes, he was the 30th richest person in America and the 69th richest person in the world with a net worth of $15.2 billion as of October 2014.[6][7]

lifetime of observation, analysis and practical application through his hedge fund.[13][14][15] In 2013 Dalio began sharing his “investment secrets” and economic theories on YouTube via a 30 minute animated video which he narrates, called How The Economic Machine Works; the video has since been viewed over 1.9 million times,[16] and has been translated and made available in Japanese, Chinese, Russian, Spanish, German, Italian and French.[17]

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Early life

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Education

Dalio was the only child of Italian American parents. He resides with his wife in Greenwich, Connecticut, and is Dalio was born in Jackson Heights, Queens, New York, known to practice the Transcendental Meditation techUnited States.[8] The son of a jazz musician, Dalio began nique.[9][18][19] investing at age 12 when he bought shares of Northeast Airlines for $300 and tripled his investment after the air- In April 2011, together with his wife Barbara, Dalio joined Bill Gates and Warren Buffett's Giving Pledge, line merged with another company.[9] vowing to donate more than half his fortune to charitable causes within his life time.[20] In 2014, Dalio was listed as the wealthiest person in the state of Connecticut, with an estimated net worth of $14.3 [21] Dalio received his BA from Long Island University and billion. an MBA from Harvard Business School.[9]

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Career

[1] “Forbes 400”. Forbes. Retrieved 25 March 2015.

After completing his education, Dalio worked on the floor of the New York Stock Exchange and invested in commodity futures.[9] He later worked as the Director of Commodities at Dominick & Dominick LLC.[10] In 1974, he became a futures trader and broker at Shearson Hayden Stone.[9] In 1975, he founded the Westport, Connecticut based investment management firm, Bridgewater Associates which in 2012 became the largest hedge fund in the world, as it is today with over $160 billion in assets under management, as of October 2014.[9]

[2] “Ray Dalio, Founder of World’s Largest Hedge Fund: Weak Economy Makes Second Adolf Hitler More Likely”. Algemeiner. Retrieved 19 March 2013. [3] Volcker, Paul (18 April 2012). “The 100 Most Influential People in the World”. Time. Retrieved 15 August 2012. [4] Taub, Steven (2013-04-15). “The Rich List”. Institutional Investor’s Alpha. Retrieved 2013-04-16. [5] Hedge Fund Titans’ Pay Stretching to 10 Figures April 15, 2013 New York Times

In 2007, Ray Dalio predicted the global financial crisis,[11] and in 2008 published an essay, “How the Economic Machine Works; A Template for Understanding What is Happening Now”,[12] which explained his model for the economic crisis.

[6] Ray Dalio Forbes profile page Forbes.com. Retrieved October 2014. [7] Mason, Melvin. “Greenwich Home to Billionaires on Forbes List”. The Greenwich Daily Voice. Retrieved 26 July 2012.

In 2011, he self-published a 123 page volume called Principles, which outlined his logic and personal philosophy for investments and corporate management based on a

[8] Cassidy, John (25 July 2011). “Mastering the Machine”. The New Yorker.

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[9] “Pursuing Self-Interest in Harmony With the Laws of the Universe and Contributing to Evolution is Universally Rewarded” Kevin Roose, April 10, 2011, New York Magazine [10] “Radical Transparency” 2010, Leaders Magazine. Volume 33, Number 3 [11] Cassidy, John (July 25, 2011). “Mastering the Machine How Ray Dalio built the world’s richest and strangest hedge fund”. The New Yorker. Retrieved December 18, 2013. [12] How the Economic Machine Works; A Template for Understanding What is Happening Now- Ray Dalio, October 31, 2008 [13] Ovide, Shira (October 22, 2010). “More on Bridgewater’s Ray Dalio, Wall Street’s Oddest Duck”. The Wall Street Journal. Retrieved December 4, 2013. [14] Dalio, Ray (2011). “Ray Dalio’s Principles” (PDF). [15] Rosenthal, Norman E. (2013). “The Gift of Adversity”. The Gift of Adversity. Penguin Group. pp. Chapter 41. Retrieved December 4, 2013. [16] Sorkin, Andrew Ross (October 21, 2013). “Economic Theory, via YouTube and Cartoon”. New York Times. Retrieved December 4, 2013. [17] “How the Economic Machine Works”. YouTube. April 7, 2015. [18] Opalesque (8 January 2008). “Ray Dalio’s winning strategy”. [19] Comstock, Courtney (October 25, 2010). “Ray Dalio Is Too Modest To Admit He Returned 38% YTD Using Transcendental Meditation”. Business Insider. [20] “Bridgewater’s Dalio Joins Giving Pledge - NY Times”. NY Times. 28 April 2011. Retrieved 29 April 2015. [21] Wealth-X: Wealthiest Individual in Each U.S. State

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External links • Profile at Forbes • • “Most Influential 50 People in Global Finance” Bloomberg Markets, September 7, 2011 • “Mastering the Machine” New Yorker, July 25, 2011 • “In Punishing Year for Hedge Funds, Biggest One Thrived” The New York Times, January 26, 2012 • “Ray-man running hedge fund in his own image” Financial Times, March 2, 2012 • “Ray Dalio Quotations” • Ray Dalio: How The Economic Machine Works (video) on YouTube

EXTERNAL LINKS

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• Ray Dalio Source: http://en.wikipedia.org/wiki/Ray_Dalio?oldid=664892846 Contributors: Ronz, Topbanana, Mrevan, Bender235, Jack Cox, Lockley, Exeunt, SmackBot, Ohnoitsjamie, Jtbobwaysf, Hateless, Will Beback, Edwardx, Johnnysakko, Eurobas, Waacstats, Aboutmovies, DMCer, Wassermann~enwiki, Joseph A. Spadaro, All Hallow’s Wraith, Addbot, This is Paul, Mdukas, Luckas-bot, Yobot, Roltz, Jim1138, Piano non troppo, Keithbob, Ulric1313, Locobot, Mfolly, GliderMaven, Bigweeboy, Piecesof888, Gburdell2002, KWD0808, Per Ardua, Inlandmamba, RjwilmsiBot, Spicemix, ClueBot NG, Astrocog, A wild Rattata, Sleeper057, Dominick1870, Meatsgains, Pristinegoal, WestportWiki, Gerda1745, WikiaPage, Mtlreview, Delotrooladoo, NoMatterTryAgain, Montfleur, Teleglass2, Jamespasseri, Handpolk, Wall-Street-Wiki, AdrianPurley and Anonymous: 43

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