Ray Dalio

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Ray Dalio (born August 1, 1949) is an American businessman and founder of the investment firm Bridgewater Associates.[1] In 2012, Dalio appeared on the annual Time 100 list of the 100 most influential people in the world.[2] 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.[3][4]

Contents

Early life and education [edit]

Dalio was born in Jackson Heights, Queens, New York, United States.[5] 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.[6]

Dalio received a BA from Long Island University and an MBA from Harvard Business School.[6]

Career [edit]

After completing his education, Dalio worked on the floor of the New York Stock Exchange and invested in commodity futures.[6] He later worked as the Director of Commodities at Dominick & Dominick LLC.[7] In 1974, he became a futures trader and broker at Shearson Hayden Stone.[6] In 1975, he founded the Westport, Connecticut based investment management firm, Bridgewater Associates. As of January 2012, the company is the largest hedge fund in the world with nearly $120 billion under management.[6]

Ray Dalio has written a company manual called "Principles" to share his life and business management principles with his employees.[8]

Personal [edit]

Dalio is a practitioner of the Transcendental Meditation technique and resides with his wife in Greenwich, CT.[6][9][10][11] According to Forbes he is the 44th richest person in America and the 88th richest person in the world with a net worth of $10 billion as of March 2012.[12][13] Dalio has been labeled the Steve Jobs of investing.[14]

Notes [edit]

  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. ^ Dalio, Ray (2011). "Ray Dalio’s Principles". 
  9. ^ Opalesque (8 January 2008). "Ray Dalio’s winning strategy". 
  10. ^ Comstock, Courtney (October 25, 2010). "Ray Dalio Is Too Modest To Admit He Returned 38% YTD Using Transcendental Meditation". Business Insider. 
  11. ^ Weizel, Richard. "Eight County Billionaires Make Forbes Richest List". The Norwalk Daily Voice. Retrieved 13 July 2012. 
  12. ^ Ray Dalio Forbes profile page Forbes.com. Retrieved January 2012.
  13. ^ Mason, Melvin. "Greenwich Home to Billionaires on Forbes List". The Greenwich Daily Voice. Retrieved 26 July 2012. 
  14. ^ aiCIO. "Is Ray Dalio the Steve Jobs of Investing?". Retrieved 13 December 2011.

External links [edit]

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