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Ray Dalio
Ray Dalio (born August 1, 1949) is an American busi-nessman and
founder of the investment rm BridgewaterAssociates.[2] In 2012,
Dalio appeared on the annualTime100 list of the 100 most inuential
people in the world.[3]In 2011 and 2012 he was listed by Bloomberg
Marketsas one of the 50 Most Inuential people.
InstitutionalInvestors Alpha ranked him No. 2 on their 2012
RichList.[4][5] According to Forbes, he was the 30th richestperson
in America and the 69th richest person in theworld with a net worth
of $15.2 billion as of October2014.[6][7]
1 Early lifeDalio was born in Jackson Heights, Queens, New
York,United States.[8] The son of a jazz musician, Dalio
beganinvesting at age 12 when he bought shares of NortheastAirlines
for $300 and tripled his investment after the air-line merged with
another company.[9]
2 EducationDalio received his BA from Long Island University
andan MBA from Harvard Business School.[9]
3 CareerAfter completing his education, Dalio worked on theoor
of the New York Stock Exchange and invested incommodity futures.[9]
He later worked as the Directorof Commodities at Dominick &
Dominick LLC.[10] In1974, he became a futures trader and broker at
ShearsonHayden Stone.[9] In 1975, he founded theWestport,
Con-necticut based investment management rm, BridgewaterAssociates
which in 2012 became the largest hedge fundin the world, as it is
today with over $160 billion in assetsunder management, as of
October 2014.[9]
In 2007, Ray Dalio predicted the global nancial cri-sis,[11] and
in 2008 published an essay, How the Eco-nomic Machine Works; A
Template for UnderstandingWhat is Happening Now,[12] which
explained his modelfor the economic crisis.In 2011, he
self-published a 123 page volume called Prin-ciples, which outlined
his logic and personal philosophyfor investments and corporate
management based on a
lifetime of observation, analysis and practical
applicationthrough his hedge fund.[13][14][15]
In 2013 Dalio began sharing his investment secrets andeconomic
theories on YouTube via a 30 minute animatedvideo which he
narrates, called How The Economic Ma-chine Works; the video has
since been viewed over 1.9million times,[16] and has been
translated and made avail-able in Japanese, Chinese, Russian,
Spanish, German,Italian and French.[17]
4 PersonalDalio was the only child of Italian American parents.
Heresides with his wife in Greenwich, Connecticut, and isknown to
practice the Transcendental Meditation tech-nique.[9][18][19]
In April 2011, together with his wife Barbara, Daliojoined Bill
Gates and Warren Buett's Giving Pledge,vowing to donate more than
half his fortune to charita-ble causes within his life
time.[20]
In 2014, Dalio was listed as the wealthiest person in thestate
of Connecticut, with an estimated net worth of
$14.3billion.[21]
5 Notes[1] Forbes 400. Forbes. Retrieved 25 March 2015.
[2] Ray Dalio, Founder of Worlds Largest Hedge Fund:Weak Economy
Makes Second Adolf Hitler MoreLikely. Algemeiner. Retrieved 19
March 2013.
[3] Volcker, Paul (18 April 2012). The 100 Most InuentialPeople
in the World. Time. Retrieved 15 August 2012.
[4] Taub, Steven (2013-04-15). The Rich List.
InstitutionalInvestors Alpha. Retrieved 2013-04-16.
[5] Hedge Fund Titans Pay Stretching to 10 Figures April 15,2013
New York Times
[6] Ray Dalio Forbes prole page Forbes.com. Retrieved Oc-tober
2014.
[7] Mason, Melvin. Greenwich Home to Billionaires onForbes List.
The Greenwich Daily Voice. Retrieved 26July 2012.
[8] Cassidy, John (25 July 2011). Mastering the Machine.The New
Yorker.
1
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2 6 EXTERNAL LINKS
[9] Pursuing Self-Interest in Harmony With the Laws of
theUniverse and Contributing to Evolution is Universally Re-warded
Kevin Roose, April 10, 2011, New York Maga-zine
[10] Radical Transparency 2010, Leaders Magazine. Vol-ume 33,
Number 3
[11] Cassidy, John (July 25, 2011). Mastering the MachineHow Ray
Dalio built the worlds richest and strangesthedge fund. The New
Yorker. Retrieved December 18,2013.
[12] How the Economic Machine Works; A Template for
Un-derstandingWhat is Happening Now- Ray Dalio, October31, 2008
[13] Ovide, Shira (October 22, 2010). More on BridgewatersRay
Dalio, Wall Streets Oddest Duck. The Wall StreetJournal. Retrieved
December 4, 2013.
[14] Dalio, Ray (2011). Ray Dalios Principles (PDF).
[15] Rosenthal, Norman E. (2013). The Gift of Adversity.The Gift
of Adversity. Penguin Group. pp. Chapter 41.Retrieved December 4,
2013.
[16] Sorkin, Andrew Ross (October 21, 2013). EconomicTheory, via
YouTube and Cartoon. New York Times.Retrieved December 4, 2013.
[17] How the Economic Machine Works. YouTube. April7, 2015.
[18] Opalesque (8 January 2008). Ray Dalios winning
strat-egy.
[19] Comstock, Courtney (October 25, 2010). Ray Dalio IsToo
Modest To Admit He Returned 38% YTD UsingTranscendental Meditation.
Business Insider.
[20] Bridgewaters Dalio Joins Giving Pledge - NY Times.NY Times.
28 April 2011. Retrieved 29 April 2015.
[21] Wealth-X: Wealthiest Individual in Each U.S. State
6 External links Prole at Forbes Most Inuential 50 People in
Global FinanceBloomberg Markets, September 7, 2011
Mastering theMachineNew Yorker, July 25, 2011 In Punishing Year
for Hedge Funds, Biggest OneThrived The New York Times, January 26,
2012
Ray-man running hedge fund in his own image Fi-nancial Times,
March 2, 2012
Ray Dalio Quotations Ray Dalio: How The Economic Machine
Works(video) on YouTube
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