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Ray Dalio

9 questions · Economics

Ray Dalio, born in 1949, founded the investment firm Bridgewater Associates from his apartment in 1975 and turned it into the largest hedge fund in the world. His success rests on strict, often unusual principles and a culture of „radical transparency“, in which everyone may criticise everyone. He gathered these rules in his world bestseller „Principles“. Dalio also likes to explain the great cycles of economic history and why empires rise and fall. Good to know: He started in 1975 from his two-room apartment. Bridgewater became the largest hedge fund in the world. Bridgewater is regarded as the largest hedge fund in the world. Many hedge funds are based in Connecticut for its proximity to New York. In it he sets out his rules for life and leadership. The book sold in the millions. Everyone may openly criticise everyone: even the boss. Meetings are recorded and reviewed together. He sees recurring patterns across the centuries. From them he draws warnings for the present. The one-man operation became a global finance firm.

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Which investment firm did Ray Dalio found?

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Bridgewater Associates

He started in 1975 from his two-room apartment.

💡 Did you know? Bridgewater became the largest hedge fund in the world.

In which US state is Bridgewater Associates based?

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Connecticut

Bridgewater is regarded as the largest hedge fund in the world.

💡 Did you know? Many hedge funds are based in Connecticut for its proximity to New York.

What is Dalio’s world bestseller about his rules for success called?

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Principles

In it he sets out his rules for life and leadership.

💡 Did you know? The book sold in the millions.

Which unusual company culture did Dalio create at Bridgewater?

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radical transparency

Everyone may openly criticise everyone: even the boss.

💡 Did you know? Meetings are recorded and reviewed together.

Which great patterns of history does Dalio like to explain?

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the rise and fall of empires

He sees recurring patterns across the centuries.

💡 Did you know? From them he draws warnings for the present.

From where did Dalio start his later billion-dollar firm?

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from his apartment

The one-man operation became a global finance firm.

💡 Did you know? Dalio embodies the classic self-made rise.

Which investment principle does Dalio especially preach?

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diversification

He calls it the „holy grail“ of investing.

💡 Did you know? Spreading widely reduces the risk of big losses.

At which business school did Dalio earn his MBA?

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Harvard Business School

Two years later he founded Bridgewater from his New York flat.

💡 Did you know? He bought his first shares at the age of twelve.

Ray Dalio

Foto: Web Summit · CC BY 2.0 · Wikimedia Commons

Which billionaire is shown here?

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Ray Dalio

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