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After completing his education, Dalio worked on the floor of the [[New York Stock Exchange]] and invested in commodity futures.<ref name="NY Mag"/> He later worked as the Director of Commodities at [[Dominick & Dominick LLC]].<ref>[http://www.leadersmag.com/issues/2010.3_Jul/Shaping%20The%20Future/Ray-Dalio-Bridgewater-Associates-Interview-Principles.html "Radical Transparency"] 2010, Leaders Magazine. Volume 33, Number 3</ref> In 1974, he became a futures trader and broker at [[Shearson Hayden Stone]].<ref name="NY Mag"/> In 1975, he founded the [[Westport, Connecticut]] based investment management firm, [[Bridgewater Associates]] which in 2012 became the largest hedge fund in the world with nearly $120 billion in [[assets under management]].<ref name="NY Mag"/>
After completing his education, Dalio worked on the floor of the [[New York Stock Exchange]] and invested in commodity futures.<ref name="NY Mag"/> He later worked as the Director of Commodities at [[Dominick & Dominick LLC]].<ref>[http://www.leadersmag.com/issues/2010.3_Jul/Shaping%20The%20Future/Ray-Dalio-Bridgewater-Associates-Interview-Principles.html "Radical Transparency"] 2010, Leaders Magazine. Volume 33, Number 3</ref> In 1974, he became a futures trader and broker at [[Shearson Hayden Stone]].<ref name="NY Mag"/> In 1975, he founded the [[Westport, Connecticut]] based investment management firm, [[Bridgewater Associates]] which in 2012 became the largest hedge fund in the world with nearly $120 billion in [[assets under management]].<ref name="NY Mag"/>


In 2007, Ray Dalio predicted [[global financial crisis]], <ref name="New Yorker July 2011">{{cite web | url=http://www.newyorker.com/reporting/2011/07/25/110725fa_fact_cassidy | title=Mastering the Machine How Ray Dalio built the world’s richest and strangest hedge fund | publisher=The New Yorker | date=July 25, 2011 | accessdate=December 18, 2013 | author=Cassidy, John}}</ref> and in 2008 published an essay, "How the Economic Machine Works; A Template for Understanding What is Happening Now",<ref>[http://www.bwater.com/Uploads/FileManager/research/how-the-economic-machine-works/a-template-for-understanding--ray-dalio-bridgewater.pdf] How the Economic Machine Works; A Template for Understanding What is Happening Now- Ray Dalio, October 31, 2008</ref> which explained his model for the economic crisis. He self-published a 123 page volume called Principles, in 2011, which outlined his logic and personal philosophy for investments and corporate management based on a lifetime of observation, analysis and practical application through his hedge fund.<ref name="WSJ Oct 22 2010">{{cite web | url=http://blogs.wsj.com/deals/2010/10/22/more-on-bridgewaters-ray-dalio-wall-streets-oddest-duck/ | title=More on Bridgewater’s Ray Dalio, Wall Street’s Oddest Duck | publisher=The Wall Street Journal | date=October 22, 2010 | accessdate=December 4, 2013 | author=Ovide, Shira}}</ref><ref>{{cite web|url= http://www.bwater.com/Uploads/FileManager/Principles/Bridgewater-Associates-Ray-Dalio-Principles.pdf |title= Ray Dalio’s Principles|year=2011|author=Dalio, Ray}}</ref><ref name="The Gift of Adversity">{{cite web | url=http://books.google.com/books?id=uBuMMfxKMewC&lpg=PT67&dq=Dalio%20Principles&pg=PT67#v=onepage&q=Dalio%20Principles&f=false | title=The Gift of Adversity | publisher=Penguin Group | work=The Gift of Adversity | date=2013 | accessdate=December 4, 2013 | author=Rosenthal, Norman E. | pages=Chapter 41}}</ref> In 2013 Dalio began sharing his "investment secrets" and economic theories on [[You Tube]] via a 30 minute animated video which he narrates, called ''How The Economic Machine Works''.<ref name="New York Times">{{cite web | url=http://dealbook.nytimes.com/2013/10/21/economic-theory-via-youtube-and-cartoon/?_r=0 | title=Economic Theory, via YouTube and Cartoon | publisher=New York Times | date=October 21, 2013 | accessdate=December 4, 2013 | author=Sorkin, Andrew Ross}}</ref>
In 2007, Ray Dalio predicted [[the global financial crisis]], <ref name="New Yorker July 2011">{{cite web | url=http://www.newyorker.com/reporting/2011/07/25/110725fa_fact_cassidy | title=Mastering the Machine How Ray Dalio built the world’s richest and strangest hedge fund | publisher=The New Yorker | date=July 25, 2011 | accessdate=December 18, 2013 | author=Cassidy, John}}</ref> and in 2008 published an essay, "How the Economic Machine Works; A Template for Understanding What is Happening Now",<ref>[http://www.bwater.com/Uploads/FileManager/research/how-the-economic-machine-works/a-template-for-understanding--ray-dalio-bridgewater.pdf] How the Economic Machine Works; A Template for Understanding What is Happening Now- Ray Dalio, October 31, 2008</ref> which explained his model for the economic crisis. He self-published a 123 page volume called Principles, in 2011, which outlined his logic and personal philosophy for investments and corporate management based on a lifetime of observation, analysis and practical application through his hedge fund.<ref name="WSJ Oct 22 2010">{{cite web | url=http://blogs.wsj.com/deals/2010/10/22/more-on-bridgewaters-ray-dalio-wall-streets-oddest-duck/ | title=More on Bridgewater’s Ray Dalio, Wall Street’s Oddest Duck | publisher=The Wall Street Journal | date=October 22, 2010 | accessdate=December 4, 2013 | author=Ovide, Shira}}</ref><ref>{{cite web|url= http://www.bwater.com/Uploads/FileManager/Principles/Bridgewater-Associates-Ray-Dalio-Principles.pdf |title= Ray Dalio’s Principles|year=2011|author=Dalio, Ray}}</ref><ref name="The Gift of Adversity">{{cite web | url=http://books.google.com/books?id=uBuMMfxKMewC&lpg=PT67&dq=Dalio%20Principles&pg=PT67#v=onepage&q=Dalio%20Principles&f=false | title=The Gift of Adversity | publisher=Penguin Group | work=The Gift of Adversity | date=2013 | accessdate=December 4, 2013 | author=Rosenthal, Norman E. | pages=Chapter 41}}</ref> In 2013 Dalio began sharing his "investment secrets" and economic theories on [[You Tube]] via a 30 minute animated video which he narrates, called ''How The Economic Machine Works''.<ref name="New York Times">{{cite web | url=http://dealbook.nytimes.com/2013/10/21/economic-theory-via-youtube-and-cartoon/?_r=0 | title=Economic Theory, via YouTube and Cartoon | publisher=New York Times | date=October 21, 2013 | accessdate=December 4, 2013 | author=Sorkin, Andrew Ross}}</ref>


==Personal==
==Personal==

Revision as of 06:21, 15 February 2014

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]

Early life and education

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

Career

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 which in 2012 became the largest hedge fund in the world with nearly $120 billion in assets under management.[6]

In 2007, Ray Dalio predicted the global financial crisis, [8] and in 2008 published an essay, "How the Economic Machine Works; A Template for Understanding What is Happening Now",[9] which explained his model for the economic crisis. He self-published a 123 page volume called Principles, in 2011, which outlined his logic and personal philosophy for investments and corporate management based on a lifetime of observation, analysis and practical application through his hedge fund.[10][11][12] In 2013 Dalio began sharing his "investment secrets" and economic theories on You Tube via a 30 minute animated video which he narrates, called How The Economic Machine Works.[13]

Personal

Dalio was born as the only child of Italian American parents.[14] He practices the Transcendental Meditation technique and resides with his wife in Greenwich, CT.[6][15][16][17] According to Forbes he is the 31st richest person in America and the 88th richest person in the world with a net worth of $10 billion as of March 2012.[18][19] Dalio has been labeled the Steve Jobs of investing.[20]

Notes

  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. ^ Cassidy, John (July 25, 2011). "Mastering the Machine How Ray Dalio built the world's richest and strangest hedge fund". The New Yorker. Retrieved December 18, 2013.
  9. ^ [1] How the Economic Machine Works; A Template for Understanding What is Happening Now- Ray Dalio, October 31, 2008
  10. ^ Ovide, Shira (October 22, 2010). "More on Bridgewater's Ray Dalio, Wall Street's Oddest Duck". The Wall Street Journal. Retrieved December 4, 2013.
  11. ^ Dalio, Ray (2011). "Ray Dalio's Principles" (PDF).
  12. ^ Rosenthal, Norman E. (2013). "The Gift of Adversity". The Gift of Adversity. Penguin Group. pp. Chapter 41. Retrieved December 4, 2013.
  13. ^ Sorkin, Andrew Ross (October 21, 2013). "Economic Theory, via YouTube and Cartoon". New York Times. Retrieved December 4, 2013.
  14. ^ http://www.theburningplatform.com/?tag=ray-dalio
  15. ^ Opalesque (8 January 2008). "Ray Dalio's winning strategy".
  16. ^ Comstock, Courtney (October 25, 2010). "Ray Dalio Is Too Modest To Admit He Returned 38% YTD Using Transcendental Meditation". Business Insider.
  17. ^ Weizel, Richard. "Eight County Billionaires Make Forbes Richest List". The Norwalk Daily Voice. Retrieved 13 July 2012.
  18. ^ Ray Dalio Forbes profile page Forbes.com. Retrieved January 2012.
  19. ^ Mason, Melvin. "Greenwich Home to Billionaires on Forbes List". The Greenwich Daily Voice. Retrieved 26 July 2012.
  20. ^ aiCIO. "Is Ray Dalio the Steve Jobs of Investing?". Retrieved 13 December 2011.

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