Founder, Co-Chief Investment Officer, And Co-Chairman
Bridgewater Associates LP
RAY DALIO is the founder, co-chairman and co-chief investment officer of Bridgewater Associates, a global macroeconomic investment management firm that he started in 1975 and has grown into the fifth most important private company in the United States, according to Fortune Magazine. Bridgewater is also the largest and most successful hedge fund in the world, according to LCH Investments. Dalio has been a global macro investor for more than 50 years which has required him to gain a deep understanding of global economics and investing. Under his guidance, Bridgewater has introduced several industry-changing approaches to investing, including risk parity, the separation of alpha and beta, and currency overlay strategies. For this work, Dalio has been called the “Steve Jobs of Investing” by aiCIO Magazine and Wired Magazine and has received several lifetime achievement awards for his contributions to investing. For his significant influence on economic policymakers’ thinking, TIME Magazine named him one of the “100 Most Influential People” in the World. Dalio is also one of the 50 largest philanthropists in the United States, according to Forbes Magazine. Dalio is also the author of two books that convey some of the principles that have helped him: Principles: Life and Work, which is a New York Times #1 bestseller and has sold over 2.3 million copies worldwide, and Principles for Navigating Big Debt Crises, which is the first public dissemination of his and Bridgewater’s research on these economic events, which enabled them to anticipate the 2008 Global Financial Crisis. Perhaps most importantly for us at this time, Dalio is a professional capitalist who believes that capitalism needs to be reformed intelligently and in a bipartisan way. His reasons for holding this view are laid out in his piece “Why and How Capitalism Needs to be Reformed” which is available on LinkedIn.