Ray Dalio

Ray Dalio (born in 1949 in Jackson Heights, Queens, New York, United States[1]) is an American businessman and founder of Bridgewater Associates.

Contents

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 investment after the airlines merged with another company.[2]

Dalio received a BA from Long Island University and an MBA from Harvard Business School. [2]

Career

After completing his education, Dalio worked on the floor of the New York Stock Exchange and invested in commodity futures.[2] He later worked as the Director of Commodities at Dominick & Dominick LLC. [3] In 1974, he became a futures trader and broker at Shearson Hayden Stone. [2] In 1975, he founded the investment management firm, Bridgewater Associates, and his investment advisory service has since attracted pension funds and now manages hundreds of millions of dollars. [2]

Personal

Dalio is a practitioner of the Transcendental Meditation technique and resides with his wife in Greenwich, CT.[4][5][2]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.[6]

Notes

  1. ^ Cassidy, John (25 July 2011). "Mastering the Machine". The New Yorker. http://www.newyorker.com/reporting/2011/07/25/110725fa_fact_cassidy?printable=true&currentPage=all#ixzz1ShhRHYRm. 
  2. ^ a b c d e f [1] New York Magazine, Pursuing Self-Interest in Harmony With the Laws of the Universe and Contributing to Evolution is Universally Rewarded, Kevin Roose, April 10 2011
  3. ^ Editors/Staff http://www.leadersmag.com/issues/2010.3_Jul/Shaping%20The%20Future/Ray-Dalio-Bridgewater-Associates-Interview-Principles.html Leaders Magazine. Volume 33, Number 3. 2010
  4. ^ Opalesque (8 January 2008). "Ray Dalio’s winning strategy". http://www.opalesque.com/fullarticle/41340/ray%20dalio/main_reason_reason470.html. 
  5. ^ Comstock, Courtney (October 25, 2010). "Ray Dalio Is Too Modest To Admit He Returned 38% YTD Using Transcendental Meditation". Business Insider. http://www.businessinsider.com/ray-dalio-transcendental-meditation-david-lynch-2010-10. 
  6. ^ Ray Dalio Forbes profile page Forbes.com. Retrieved April 2011.

External links