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Profile: Ray Dalio

By   /   February 5, 2014  /   No Comments

As founder of Bridgewater Associates, Ray Dalio is one of America’s most successful businessmen managing the world’s largest hedge fund, worth $150 billion.

Reportedly, he earned an incredible $4 billion in a single year and makes frequent appearances on Time’s 100 list of the 100 most influential people in the world and Bloomberg Markets’ 50 Most Influential people.

Upon completion of his education, Dalio went straight onto the floor of the New York Stock Exchange, trading in commodities futures before becoming Director of Commodities at Dominick & Dominick LLC.

In 1975, after working as a futures trader and broker with Shearson Hayden Stone, Dalio founded Bridgewater Associates in his New York apartment.

By 2012, Bridgewater had incredibly become the world’s largest hedge fund with $120 billion in assets under management.

Dalio also maintains a strong media presence and, in 2007, he predicted a global financial crash which happened the following year. He published an essay “How the Economic Machine Works; A Template for Understanding What is Happening Now” on the topic.

Ray Dalio

Ray Dalio

He also published a 123 page volume outlining his thought process, philosophies on investing and management styles based on his own analysis, observations and practices called Principles, in 2011.

In 2013, in an attempt to explain basic economic models to the public, Dalio narrated a 30 minute animated short film on YouTube called How The Economic Machine Works.

Current plans for Bridgewater include a brand new $750 million headquarters in Stamford, Ct. which would have the capacity to house over 2,000 employees – almost twice the current number Bridgewater employees.

Dalio’s foundation also donates funds to an impressive range of causes including the Tisch School of the Arts at NYU, the Dalio Talent Identification Fund, the World Community of Christian Meditation and Teach for America.

 

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