Founder of Bridgewater Associates
Westport, Connecticut, United States
3M followers
8 connections
About
A global macro investor for more than 50 years, Ray Dalio founded Bridgewater Associates out of his two-bedroom apartment in NYC and ran it for most of its 50 years, building it into the largest hedge fund in the world. He is also the #1 New York Times bestselling author of Principles: Life and Work, Principles for Dealing with the Changing World Order, and Principles for Navigating Big Debt Crises, and How Countries Go Broke: The Big Cycle. He graduated with a B.S. in Finance from C.W. Post College in 1971 and received an MBA degree from Harvard Business School in 1973. He has been married to his wife, Barbara, for more than 40 years and has three grown sons and five grandchildren. He is an active philanthropist with special interests in ocean exploration and helping to rectify the absence of equal opportunity in education, healthcare, and finance.
**Please note that Ray only communicates via his official social channels and does not communicate through Whatsapp or other direct messaging platforms. If you receive a message or response on any of his content leading you to Whatsapp or any other platform in order to contact him, it is someone impersonating his likeness.**
Articles by Ray
Activity
3M followers
-
Ray Dalio shared thisEarth is just one of about 100 billion planets in our galaxy, which is just one of about two trillion galaxies in the universe. And our lifetimes are only about 1/3,000 of humanity's existence, which itself is only 1/20,000 of the Earth's existence. In other words, we are unbelievably tiny and short-lived and no matter what we accomplish, our impact will be insignificant. At the same time, we instinctually want to matter and to evolve, and we can matter a tiny bit--and it's all those tiny bits that add up to drive the evolution of the universe. #principleoftheday
-
Ray Dalio shared thisWith the announcement of new U.S. sanctions for countries that trade with Iran, it has become increasingly apparent that U.S. global power is facing a big test. Over the next few weeks, we will see which countries follow the U.S. plan, which don’t, and how the U.S. responds. As I write in my book Principles for Dealing with the Changing World Order, such tests of power are classic at this stage in the Big Cycle. If you’re interested, I explained the factors I’m watching in this new article. As always, I welcome your questions and thoughts.
-
Ray Dalio shared thisI'll be catching up with MasterClass CEO David Rogier later today on principles-based decision-making, AI in investing, and a variety of other topics. Join us if you're interested.Ray Dalio shared thisRay Dalio built his career on a set of clear, tested decision-making principles for life and business. He credits his own success and his investment firm's success to this systematic approach. Join Ray Dalio, founder of Bridgewater Associates and author of Principles, alongside MasterClass founder and CEO, David Rogier, for a live conversation about the rules Ray relies on to decide under uncertainty and how human judgment holds up in the age of AI. Register now to learn Ray's framework for decision-making, ask your questions in a live Q&A, and get an inside look at MasterClass Executive. https://lnkd.in/gXXApKcD
-
Ray Dalio shared thisIf you're like most people, the idea of facing the unvarnished truth makes you anxious. To get over that, you need to understand intellectually why untruths are scarier than truths and then, through practice, get accustomed to living with them. #principleoftheday
-
Ray Dalio shared thisNatural selection’s trial-and-error process allows improvement without anyone understanding or guiding it. The same can apply to how we learn. There are at least three kinds of learning that foster evolution: memory-based learning (storing the information that comes in through one’s conscious mind so that we can recall it later); subconscious learning (the knowledge we take away from our experiences that never enters our conscious minds, though it affects our decision making); and “learning” that occurs without thinking at all, such as the changes in DNA that encode a species’ adaptations. I used to think that memory-based, conscious learning was the most powerful, but I’ve since come to understand that it produces less rapid progress than experimentation and adaptation. #principleoftheday
-
Ray Dalio shared thisIn some companies, employees hide their employer's mistakes, and employers do the same in return. This is unhealthy and stands in the way of improvement because it prevents people from bringing their mistakes and weaknesses to the surface, encourages deception, and eliminates subordinates' right of appeal. #principleoftheday
-
Ray Dalio shared thisContribute to the whole and you will likely be rewarded. Natural selection leads to better qualities being retained and passed along (e.g., in better genes, better abilities to nurture others, better products, etc.). The result is a constant cycle of improvement for the whole. #principleoftheday
-
Ray Dalio shared thisWhen starting out with no revenue, you have a choice. You can stay out of the jungle, take the safe path, and have a regular job. Or you can go into the jungle, face the things that can kill you, and reach for the upside. I made a choice about what I wanted in life—and I knew I wanted to go into the jungle with people who see things differently than I do, so we could navigate it together. Credit: Sam Parr, Shaan Puri, and My First Million #RayDalio #Principles #Entrepreneurship #Bridgewater
-
Ray Dalio shared thisWhen everyone can follow the discussion leading up to a decision--either in real time in person or via taped records and email threads--justice is more likely to prevail. Everyone is held accountable for their thinking and anyone can weigh in on who should do what according to shared principles. Absent such a transparent process, decisions would be settled behind closed doors by those who have the power to do whatever they want. With transparency, everyone is held to the same high standards. #principleoftheday
-
Ray Dalio liked thisRay Dalio liked thisThe first time I ever skated a half pipe, someone told me I had incredible potential. I didn’t even know what potential meant. My dad explained that if I kept going, I could potentially become a professional skateboarder one day. That was all the validation I needed. I kept skating. I kept improving. And as the progression continued, the passion developed with it. The activity itself doesn’t create passion. The feeling of becoming better, creating something meaningful, and moving closer to your potential creates passion. You learn. You apply. You improve. You see yourself becoming more capable. The pursuit of your potential can become the passion itself.
Experience
Education
Honors & Awards
-
Lifetime Achievement Award
Alternative Investment News
-
Lifetime Achievement Award
PLANSPONSOR
Other similar profiles
Explore more posts
-
Tim McGlinn
Blackstone's Brad Marshall gets it wrong here, as quoted by Bloomberg News: Liquidity is a *marketing* feature. And as TheAltView has repeated many times, it very clearly is also a (product) bug. If BCRED didn't offer liquidity, no one would have had to walk around 345 Park searching for $150 million....OTOH, maybe then BCRED wouldn't have gotten as big as it has. Silas Brown Sinead Cruise Preeti Singh Davide Scigliuzzo
10 Comments -
Bill Ebinger
Davidson Kempner's Suzanne Gibbons just published something that explains the private credit attention: the leverage numbers aren't real. Direct lending reports 5x. Strip out the accounting adjustments? 6.9x. That's the widest gap since 2015, when add-backs were half what they are today. Here's the problem: many of those adjustments are aspirational. Projected synergies fail to materialize, leaving capital structures more fragile than headline metrics suggest. Within the Kroll StepStone direct lending universe, loans with stressed interest coverage have more than doubled from 14% at year-end 2019 to 32% most recently. When stress hits, the gap between reported and real leverage matters. A 1.9-turn difference can raise loan-to-value ratios from 45% to 64%, leaving lenders with a meaningfully smaller cushion. The firms that sized to real leverage, not adjusted numbers, built different assumptions from the start. FT.com #PrivateCredit#PrivateCreditRecruitingAI
2 Comments -
Andrew Beer
Every #allocator should read this excellent research piece from Aspect Capital. It walks you through the four major regime shifts of the past twenty-five years -- dotcom, GFC, Euro crisis and the return of #inflation -- and gives you the blow by blow on how #trendfollowing performed. Niels Kaastrup-Larsen and I touched upon it briefly in a recent Top Traders Unplugged podcast. Key points: - The real money in the space is made during economic regime shifts: the world changes, assets reprice over a few years, most investors sit on their hands, #CTAs pivot and, BOOM, generate a decade of #alpha. - Even during great runs, strap in for drawdowns as mood swings can wrong-foot the space even as cracks are spreading in the ice. Three observations for allocators: 1. Allocators should view CTAs as a strategic allocation and stop trying to time the space. Statistically, it should be 20%+ of a portfolio. In the real world, 3% is the sweet spot: large enough to notice during the great periods, small enough to hide in the tall grass during ugly ones. 2. Alpha is in the big trades. With a few exceptions, Aspect points to large, sustained moves in oil, Treasuries, US large cap, EM equities, US dollar, gold, etc. This is why #hedgefund replication is so effective: it picks up on the signal (shifts in major markets) and invests in them directly and efficiently. 3. This year has been all about extreme geopolitical noise, but no economic regime shifts: no inflation spike, no recession, no real bond market tantrum, no sustained dollar collapse, etc. If you are NOT invested in the space, ask yourself: are you really confident that something big will NOT break over the coming few years? #etfs #ucits https://lnkd.in/eQRs_hw4
4 Comments
Explore top content on LinkedIn
Find curated posts and insights for relevant topics all in one place.
View top content