RAY DALIO

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Ray Dalio Wikipedia

Ray Dalio (born August 1, 1949) is an American businessman and founder of the investment firm Bridgewater Associates. In 2012, Dalio appeared on the annual Time 100 list of the 100 most influential people in the world. 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.

Contents

    Early life and education

    Dalio was born in Jackson Heights, Queens, New York, United States. The son of a jazz musician, Dalio began investing at age 12 when he bought shares of Northeast Airlines for $300 and tripled his investment after the airline merged with another company. He received his BA from Long Island University and an MBA from Harvard Business School.

    Career

    After completing his education, Dalio worked on the floor of the New York Stock Exchange and invested in commodity futures. He later worked as the Director of Commodities at Dominick & Dominick LLC. In 1974, he became a futures trader and broker at Shearson Hayden Stone. In 1975, he founded the Westport, Connecticut based investment management firm, Bridgewater Associates which in 2012 became the largest hedge fund in the world with nearly $120 billion in assets under management.

    In 2007, Ray Dalio predicted global financial crisis, and in 2008 published an essay, "How the Economic Machine Works; A Template for Understanding What is Happening Now", which explained his model for the economic crisis. He self-published a 123 page volume called Principles, in 2011, which outlined his logic and personal philosophy for investments and corporate management based on a lifetime of observation, analysis and practical application through his hedge fund. In 2013 Dalio began sharing his "investment secrets" and economic theories on You Tube via a 30 minute animated video which he narrates, called How The Economic Machine Works.

    Personal

    Dalio was born as the only child of Italian American parents. He practices the Transcendental Meditation technique and resides with his wife in Greenwich, CT. According to Forbes he is the 31st richest person in America and the 88th richest person in the world with a net worth of $10 billion as of March 2012. Dalio has been labeled the Steve Jobs of investing.

    Notes

    1. ^ "Ray Dalio, Founder of World’s Largest Hedge Fund: Weak Economy Makes Second Adolf Hitler More Likely". Algemeiner. Retrieved 19 March 2013. 
    2. ^ Volcker, Paul (18 April 2012). "The 100 Most Influential People in the World". Time. Retrieved 15 August 2012. 
    3. ^ Taub, Steven (2013-04-15). "The Rich List". Institutional Investor’s Alpha. Retrieved 2013-04-16. 
    4. ^ Hedge Fund Titans’ Pay Stretching to 10 Figures April 15, 2013 New York Times
    5. ^ Cassidy, John (25 July 2011). "Mastering the Machine". The New Yorker. 
    6. ^ a b c d e f "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
    7. ^ "Radical Transparency" 2010, Leaders Magazine. Volume 33, Number 3
    8. ^ 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. 
    9. ^ How the Economic Machine Works; A Template for Understanding What is Happening Now- Ray Dalio, October 31, 2008
    10. ^ Ovide, Shira (October 22, 2010). "More on Bridgewater’s Ray Dalio, Wall Street’s Oddest Duck". The Wall Street Journal. Retrieved December 4, 2013. 
    11. ^ Dalio, Ray (2011). "Ray Dalio’s Principles". 
    12. ^ Rosenthal, Norman E. (2013). "The Gift of Adversity". The Gift of Adversity. Penguin Group. pp. Chapter 41. Retrieved December 4, 2013. 
    13. ^ Sorkin, Andrew Ross (October 21, 2013). "Economic Theory, via YouTube and Cartoon". New York Times. Retrieved December 4, 2013. 
    14. ^ http://www.theburningplatform.com/?tag=ray-dalio
    15. ^ Opalesque (8 January 2008). "Ray Dalio’s winning strategy". 
    16. ^ Comstock, Courtney (October 25, 2010). "Ray Dalio Is Too Modest To Admit He Returned 38% YTD Using Transcendental Meditation". Business Insider. 
    17. ^ Weizel, Richard. "Eight County Billionaires Make Forbes Richest List". The Norwalk Daily Voice. Retrieved 13 July 2012. 
    18. ^ Ray Dalio Forbes profile page Forbes.com. Retrieved January 2012.
    19. ^ Mason, Melvin. "Greenwich Home to Billionaires on Forbes List". The Greenwich Daily Voice. Retrieved 26 July 2012. 
    20. ^ aiCIO. "Is Ray Dalio the Steve Jobs of Investing?". Retrieved 13 December 2011.

    External links

    • Profile at Forbes
    • "Most Influential 50 People in Global Finance" Bloomberg Markets Magazine, September 7, 2011
    • "Mastering the Machine" New Yorker, July 25, 2011
    • "In Punishing Year for Hedge Funds, Biggest One Thrived" New York Times, Dealbook, 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)
    Persondata
    NameDalio, Ray
    Alternative names
    Short description
    Date of birthAugust 1, 1949
    Place of birth
    Date of death
    Place of death



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