Ray Dalio
Encyclopedia
Ray Dalio is an American businessman and founder of Bridgewater Associates
.
Dalio received a BA from Long Island University
and an MBA from Harvard Business School
.
and began investing in commodity futures. He was a Director of Commodities at Dominick & Dominick LLC
In 1974, he spent a year trading futures as a Shearson Hayden Stone broker. In 1975, he founded the investment management firm, Bridgewater Associates
, and his investment advisory service began to attract pension funds worth millions of dollars.
and resides with his wife in Greenwich, CT.According to The New Yorker he is the 55th richest businessman in the world, with a net worth of US$
6 billion as of 2011.
Bridgewater Associates
Bridgewater Associates is an American investment management firm founded by Ray Dalio in 1975 and is reported to be the world's largest hedge fund company with $122 billion in assets under management. The company has 270 clients including pension funds, endowments, foundations, foreign governments...
.
Early Life and Education
The son of a jazz musician, Dalio began investing at age 12 when he bought shares of Northeast Airlines for $300 and tripled his money when the airlines went through a merger.Dalio received a BA from Long Island University
Long Island University
Long Island University is a private, coeducational, nonsectarian institution of higher education in the U.S. state of New York.-History:...
and an MBA from Harvard Business School
Harvard Business School
Harvard Business School is the graduate business school of Harvard University in Boston, Massachusetts, United States and is widely recognized as one of the top business schools in the world. The school offers the world's largest full-time MBA program, doctoral programs, and many executive...
.
Career
After completing his education, Dalio worked on the floor of the New York Stock ExchangeNew York Stock Exchange
The New York Stock Exchange is a stock exchange located at 11 Wall Street in Lower Manhattan, New York City, USA. It is by far the world's largest stock exchange by market capitalization of its listed companies at 13.39 trillion as of Dec 2010...
and began investing in commodity futures. He was a Director of Commodities at Dominick & Dominick LLC
Dominick & Dominick LLC
Dominick & Dominick LLC , formerly Dominick & Dominick Inc., is one of the oldest, privately held investment firms in the United States. It was one of the original members of the New York Stock Exchange, with an original founder serving as a president. The firm was the syndicate head for General...
In 1974, he spent a year trading futures as a Shearson Hayden Stone broker. In 1975, he founded the investment management firm, Bridgewater Associates
Bridgewater Associates
Bridgewater Associates is an American investment management firm founded by Ray Dalio in 1975 and is reported to be the world's largest hedge fund company with $122 billion in assets under management. The company has 270 clients including pension funds, endowments, foundations, foreign governments...
, and his investment advisory service began to attract pension funds worth millions of dollars.
Personal
Dalio is a practitioner of the Transcendental Meditation techniqueTranscendental Meditation technique
The Transcendental Meditation technique is a specific form of mantra meditation often referred to as Transcendental Meditation. It was introduced in India in 1955 by Maharishi Mahesh Yogi...
and resides with his wife in Greenwich, CT.According to The New Yorker he is the 55th richest businessman in the world, with a net worth of US$
United States dollar
The United States dollar , also referred to as the American dollar, is the official currency of the United States of America. It is divided into 100 smaller units called cents or pennies....
6 billion as of 2011.
External links
- Forbes.com profile
- Ray Dalio’s Principles: To Succeed, Suspend Your Ego And Focus On Your Weaknesses
- "Most Influential 50 People in Global Finance," Bloomberg Markets Magazine, September 7, 2011