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Ray Dalio: The Journey of a Billionaire Investor and Bridgewater Associates Founder

Ray Dalio is an American billionaire investor, hedge fund manager, and philanthropist.

1949

  • Born on August 8 in Jackson Heights, Queens, New York City.

1967

  • Graduated from C.W. Post College of Long Island University.

1971

  • Started working on the floor of the New York Stock Exchange.

1973

  • Received an MBA from Harvard Business School.

1975

  • Founded Bridgewater Associates in his two-bedroom apartment in New York City.

1985

  • Became co-chief investment officer of Bridgewater Associates.

1991

  • Bridgewater develops its “Pure Alpha” strategy, which becomes its flagship investment strategy and generates significant returns over the years.

1991

  • Published his first book, Principles: Life, Work, and Investing.

2004

  • Bridgewater became the world’s largest hedge fund, with over $100 billion in assets under management.

2007

  • Dalio predicts the global financial crisis and warns the U.S. Treasury and other policymakers about the impending economic downturn

2011

  • Published his second book, Principles for Navigating Big Debt Crises.

2014

  • Published his third book, Principles for Dealing with the Changing World Order.

2017

  • Stepped down as co-CEO of Bridgewater Associates.

2019

  • Published his fourth book, Principles for Dealing with the Changing World in the 21st Century.

2020

  • Ray Dalio releases a smartphone app called “Principles in Action,” designed to help users apply his principles to their own lives and decision-making.

2022

  • Stepped down as chairman of Bridgewater Associates.

Interesting Facts

Dalio is a big believer in radical transparency and truth-telling. He has said that he believes that “the truth will set you free” and that “the best way to deal with problems is to face them head-on.” This philosophy has been reflected in his management of Bridgewater Associates, which is known for its open and honest culture.

In 1982 Bridgewater suffered a major loss due to a bad bet on interest rates. Dalio had to borrow $4,000 from his father

Dalio is also a strong advocate for philanthropy. He has donated over $1 billion to charitable causes, including education, healthcare, and environmental protection.

Ray Dalio has released a smartphone app called “Principles in Action,” designed to help users apply his principles to their own lives and decision-making.

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