Ray Dalio is an American billionaire investor, hedge fund manager, and philanthropist. He is best known as the founder, co-chief investment officer, and former co-chairman of Bridgewater Associates, one of the world's largest and most successful hedge funds. Born on August 8, 1949, in New York City, Dalio graduated from Long Island University with a degree in finance and later earned an MBA from Harvard Business School.
Here are some key aspects of Ray Dalio's life and career:
- Bridgewater Associates: Dalio founded Bridgewater Associates in 1975 out of his apartment in New York City. Over the years, the firm has grown to become one of the most prominent hedge fund managers globally, with billions of dollars in assets under management. Bridgewater is known for its unique investment approach, corporate culture, and consistent performance.
- Investment philosophy: Dalio's investment philosophy is based on the principles of diversification, understanding the underlying drivers of asset prices, and rigorous research. He is a proponent of the economic machine concept, which emphasizes the importance of understanding the interplay between productivity, short-term debt cycles, and long-term debt cycles to make informed investment decisions.
- "Principles": Dalio has authored a book titled "Principles: Life and Work," which outlines his personal and professional philosophies. The book provides insights into the values and practices that have contributed to Bridgewater's success and offers practical advice on decision-making, leadership, and personal growth. The principles have also shaped the unique corporate culture at Bridgewater Associates, emphasizing radical transparency, meritocracy, and thoughtful disagreement.
- Economic thought leadership: Ray Dalio is widely regarded as an expert on macroeconomics and financial markets. He shares his insights on various platforms, including social media, interviews, and articles. Dalio has also developed an educational video series called "How the Economic Machine Works," which aims to explain the functioning of the economy in a simple and intuitive way.
- Philanthropy: Dalio is actively involved in philanthropy through the Dalio Foundation, which supports various causes, including education, ocean exploration and conservation, mental health, and support for underprivileged communities. In 2019, Ray and his wife, Barbara Dalio, pledged $100 million to support public education in Connecticut.
- Personal life: Ray Dalio is married to Barbara Dalio, and they have four sons. He is known to practice Transcendental Meditation and credits it with helping him maintain clarity and focus in both his personal and professional life.
In summary, Ray Dalio is a renowned investor, hedge fund manager, and philanthropist who founded Bridgewater Associates, one of the world's largest and most successful hedge funds. He is known for his unique investment philosophy, macroeconomic insights, and his book "Principles," which outlines his personal and professional philosophies. Dalio is also actively involved in philanthropy, supporting various causes through the Dalio Foundation.