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Ray Dalio - Investing & the Economy:


Ray Dalio is the most successful hedge fund manager in history, returning more than $57 billion to investors since starting his company, Bridgewater Associates, in 1975.

At the time Dalio stepped down as co-CEO last March, Bridgewater had over $160 billion in assets under management. In 2007, the firm predicted the global financial crisis, and in 2008 Dalio published an essay, "How the Economic Machine Works; A Template for Understanding What is Happening Now", which explained his model for the economic crisis.

At 68, Ray has decided to step away from managing and instead offer the knowledge and principles derived from his experience to help others be successful.

He first offered up his volatility-based “All Seasons” investment strategy in Tony Robbins’ book “MONEY Master The Game,” in which he describes portfolio allocation based on balancing RISK rather than raw dollar amount. The formula was back tested over a 40 year period and proven to yield a positive return across all economic environments - good and bad.

Ray has appeared in recorded interviews with Tony Robbins and Tim Ferriss. He also frequently provides public insight and predictions on the current economic climate.

In 2013, Ray produced a 30-min youtube video in which he explains his template for understanding how the economy works.

Ray Dalio, The Steve Jobs of Investing
Written by Tim Ferriss

“Pain plus reflection equals progress.” 

– Ray Dalio

Ray Dalio (@raydalio) grew up a middle-class kid from Long Island. He started his investment company Bridgewater Associates out of a two-bedroom apartment at age 26, and it now has roughly $160 billion in assets under management. Over 42 years, he has built Bridgewater into what Fortune considers the fifth most important private company in the U.S.
Along the way, Dalio became one the 100 most influential people in the world (according to Time) and one of the 100 wealthiest people in the world (according to Forbes). Because of his unique investment principles that have changed industries, CIO Magazine dubbed him “the Steve Jobs of investing.”
Ray believes his success is the result of principles he’s learned, codified, and applied to his life and business. Those principles are detailed in his new book Principles: Life and Work.
In this interview, we cover a lot, including:
* How Ray thinks about investment decisions, how he thinks about correlation, etc.
* The three books he would give to every graduating high school or college senior
* How he might assess cryptocurrency
* And much, much more…





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