Ray Dalio
Raymond Thomas Dalio is an American billionaire hedge fund manager and philanthropist. He has served as co-chief investment officer of the world’s largest hedge fund, Bridgewater Associates since 1985. He is the author of the 2017 book Principles: Life & Work, about corporate management and investment philosophy.
About Ray Dalio in brief
Raymond Thomas Dalio is an American billionaire hedge fund manager and philanthropist. He has served as co-chief investment officer of the world’s largest hedge fund, Bridgewater Associates since 1985. He founded Bridgewater in 1975 in New York. Dalio began investing at age 12 when he bought shares of Northeast Airlines for USD 300 and tripled his investment after the airline merged with another company. He is the author of the 2017 book Principles: Life & Work, about corporate management and investment philosophy. In 2020 Bloomberg ranked Dalio the 79th-wealthiest person in the world. In July 2019, Dalio called for a reform of capitalism and described wealth inequality as a national emergency. In 2011, he self-published a 123-page volume, \”Principles\”, that outlines his philosophy of investment and corporate management based on a lifetime of observation, analysis and practical application through his hedge fund.
In 2007, Bridgewater suggested there might be a global financial crisis, 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. In March 2017, he announced that he would step down as part of a company-wide shake-up by April 15. Jon Rubinstein, co-CEO of the fund, was announced to step down with Dalio, but would retain an advisory role. In November 2019, he posted a blog entry stating that excess capital, unfunded social liabilities, and government deficits created a recipe for disaster, in what he called a “paradigm shift”
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