Ray Dalio

About Ray Dalio

Raymond Thomas Dalio (born August 8, 1949) is an American billionaire investor and hedge fund manager. He founded Bridgewater Associates in 1975, which became the world's largest hedge fund with over $150 billion in assets under management at its peak. Dalio is known for developing the "All Weather" portfolio strategy, designed to perform well across all economic environments, and pioneering risk parity investing. His systematic, principles-based approach to investing and management has been highly influential in the institutional investment world. His investment philosophy emphasizes understanding how the economic machine works, studying historical patterns of debt cycles and currency movements, and maintaining radical transparency in decision-making. Dalio believes in creating systematic processes that remove emotional biases from investment decisions. His book "Principles" became a worldwide bestseller, sharing his life and work principles developed over 40+ years. He has also published extensive research on economic cycles, debt crises, and the rise and fall of empires throughout history.