Ray Dalio was born in 1949 in New York. He followed the stockmarket from an early age, making his first investment when he was 12. After getting a degree from Long Island University and an MBA from Harvard Business School, he worked on the floor of the New York Stock Exchange and various brokerage firms. Only two years after leaving Harvard, he founded Bridgewater Associates.
For its first 15 years Bridgewater was a consultancy, providing firms with advice on how to manage their exposure to currencies and interest rates. From 1990 it began to manage money directly, launching the Pure Alpha fund in 1991.
What was his strategy?
Did this work?
What was his best investment?
What other advice does he have for investors?
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
-
Why Chinese stocks are so far out of favourThere’s little appetite for Chinese stocks despite low valuations.
-
The 62 UK areas where you could be priced out of using your Lifetime ISASaving for your first home in Croydon, Ealing, Brent or any one of these other locations? You could be at risk of being priced out of using your Lifetime ISA
