Bridgewater

“Find 15 good uncorrelated return streams... If you can get out to 15, you can get down to about, reduce about 80% of your risk without reducing your return. That means that you increase your return to risk ratio by something like a factor of five.”

“Bridgewater became the largest hedge fund before anybody knew me... We the most consistently made excellent returns with minimal risk. And we were uncorrelated with the stock market or any other market. That's what made it. I think it made 11.8% a year for something like 31 years.”