Ray Dalio Resources
Ray Dalio’s Bio (From LinkedIn)
Ray Dalio is the founder, co-Chief Investment Officer and co-Chairman of Bridgewater Associates, which is a global macro investment firm and is the world’s largest hedge fund. He’s also the author of the #1 New York Times Bestseller Principles: Life and Work. He is known to have a very practical understanding of economics that is very different from conventional economic thinking that he spells out in his video series “How the Economic Machine Works”.
He started Bridgewater in 1975 out of a two bedroom apartment in New York City and has been a global macro investor for more than 45 years.
While at Bridgewater his industry-changing approaches to investing — which include the invention of risk parity, currency overlay, portable alpha and global inflation indexed bond management — prompted Chief Investment Officer magazine to write an article entitled “Is Ray Dalio the Steve Jobs of Investing?,” which compared his industry-changing inventions to those of the Apple founder. According to an industry study, Bridgewater’s hedge fund has made more money for its investors than any other hedge fund ever — an estimated $49.7 billion. Bridgewater Associates has received numerous awards, including over twenty “Manager of the Year” awards from every major financial publication, and Ray has received three “Lifetime Achievement” awards. Additionally, a long list of economic policymakers actively seek his advice, which prompted Time Magazine in 2012 to name him “One of the 100 Most Influential People in the World”.
Ray is an active philanthropist with a particular interest in oceanographic research and conservation. He is a participant in The Giving Pledge, a commitment to give more than half of his wealth to charity.
Ray believes that reality works like a machine and that principles for dealing with reality are required to be successful.
Links To Ray’s Resources
Life Journey Exercise
This exercise is intended to help you put your life and the lives of the people you care about in perspective and to plan for the future to help you get the life you want. I found it very helpful as I am approaching the end of Stage 2, and this helped highlight some of the things that I need to start thinking about. It also highlighted the things that my son is approaching now that he is in high school. I highly recommend reading this and doing the written exercises described.
You can access it using the following link: Your Life Journey Exercise
Previous long articles and chapters on the economy
These articles on LinkedIn are highly in-depth and thorough, and because of the complexity of the subjects, they tend to be very long. If you don’t have time to read them in their entirety, you can still absorb the general concepts by skimming through and only reading the bold/highlighted areas. We are nearing the end of the long-term credit and debt cycle. If you are an investor, this is very important as the history of past credit cycles has shown.
- Delving into the Six Stages of the Internal Cycle with a Particular Focus on the US Now
- Video: How The Economic Machine Works (In 30 Minutes)
- The Changing World Order
- Chapter 1: The Big Cycles in a Tiny Nutshell
- Chapter 2: The Big Cycle of Money, Credit, Debt, and Economic Activity
- Chapter 3: The Changing Value of Money
- Chapter 4: The Big Cycles of the Dutch and British Empires and Their Currencies
- Chapter 5: The Big Cycle of the United States and the Dollar, Part 1
- Chapter 5: The Big Cycle of the United States and the Dollar, Part 2
- Chapter 6: The Big Cycle of China and Its Currency
- Chapter 7: US-China Relations and Wars
- The Archetypical Cycle of Internal Order and Disorder
I highly recommend following Ray on LinkedIn if you use that platform. He also has videos and animations that summarize some of the articles above on his YouTube channel.