Ray Dalio
Ray Dalio is the founder of Bridgewater Associates, the world's largest hedge fund, which he established in 1975 from his two-bedroom apartment in New York City. He stepped down as CEO in 2017, retired as co-CIO in 2022, and has since served as a mentor to the firm's investment committee while focusing on sharing the management and investment principles he developed over his career. He is best known for pioneering the All Weather risk parity strategy and the Pure Alpha macro investing approach, as well as for his book Principles: Life & Work.
“Rising rates aren't curtailing hyperscaler appetites, despite debt bubble concerns voiced today by Ray Dalio.”
“He would run full page ads that said this is not true. I mean, he was extremely aggressive... he started to teach the market that you don't have to stay quiet.”
Source→“We've worked with Ray Dalio for 18 years. He was the master of this back in the day... he had so many friends and fans on LinkedIn.”
Source→“Cited for turning its radical transparency culture into a recruiting asset”
“running full-page ads disputing stories he considered false”
“Ray Dalio's principles hadn't been published, but they were sort of an internal thing. And when I spent time on the team, there was so much curiosity for team organization.”
Source→“On the K-shaped economy Ray Dalio raised in their March conversation, Friedberg reframed the divergence as wealth rather than jobs.”
“Jacques Cousteau had an effect on me. When I was growing up, I watched him dive and do exploration... we have this common passion of ocean exploration.”
Source→“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.”
Source→“Ray Kroc, McDonald's, he was like 52. Okay. So it was a big range, but they certainly are driven.”
Source→“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.”
Source→“I put it online for free. I created it... There's a feature in there where you can have somebody else that you have a relationship with take it. And then they'll tell you about the relationship.”
Source→“When he first started Tesla, he had made something like $180 million from PayPal. And he decided that he was going to take half of that money and he was going to go to Mars... I suggest that you put aside a little bit of money... No, I don't need to do that.”
Source→“I gave it to Bill Gates... a number of these people are this, that I would call a shaper.”
Source→“I gave it to Reed Hastings... And they are people who love to go from visualization to actualization and to be on that mission.”
Source→“I gave it to Muhammad Yunus. I gave it to other people to see the elements of what they are like.”
Source→AI-extracted from podcast / newsletter / paper summaries. May contain errors.