Biography Ray Dalio

Ray Dalio Ray Dalio is a billionaire, an investor and a world -famous gurus of the economy. He put his first condition at the age of 12, when he was still studying at school. It is noteworthy that since the year, Ray Dalio's capital has never been decreasing. Consider his biography to understand how discipline and honesty helped him earn billions of dollars. He was the only child in the family of a jazz musician and housewife, Italian Marino Dalio and indigenous American Anne Dalio.

The family lived well - while the mother was engaged in raising her son, the father provided his wife and child, playing on a saxophone and clarnet in several Manhattan clubs. Ray loved sport and communication with friends, but a craving for studying a young man was alien. But despite this, it could not be called lazy-Ray acutely felt a lack of money and began to work from 12 years old-he cleaned snow, smashed newspapers, cut the lawn and worked as a golf club.

It was there that he learned from the players about promotions and investing and seriously became interested in this. The result was amazing - the invested money brought a three -time profit. After a successful deal, Dalio began to regularly study the reports of the largest companies and communicate with senior investors. The method of trial and error, he allocated for himself the basic principles of successful investment and, by the end of the school, already had a portfolio of shares in the amount of several thousand dollars.

It was a great start for a teenager in the late 19ths. Ray decided to get higher education at the University of Long Island, where he studied on a bachelor in the field of finance. Simultaneously with training, a novice investor was engaged in the trade in raw materials on the New York Stock Exchange. This helped him get a job in Merrill Lynch in the year and become the director of futures trade.

The company quickly collapsed, and Dalio worked in several other companies, after which, against the background of accumulated knowledge and financial crisis, decided not to settle down an employee anymore.

Ray Dalio founded the Bridgewater Associates fund at the age of 26, bursting into the market and conquering it. The headquarters of the young investor was located in his personal apartment in Manhattan. Ray always saved contacts with the right people, so he managed to lure past customers. After some time, they began to recommend that the financier gives hopes for their acquaintances, and the number of customers Dalio was constantly growing.

In the year, the billionaire moved to Connecticut, and the fund changed its whereabouts. For four years later, Ray took a referral to pension funds and signed a contract with a division of the World Bank. The company’s investment portfolio grew, and the billionaire introduced a new system that implied the placement of investments around the world and was based on the analysis of many criteria - the Global Marco investment strategy.

Ray Dalio received recognition of customers due to profit even during the crisis, high-quality financial management and minimizing currency risks. Having an extensive volume of knowledge and practice, the billionaire has created the perfect model of finance. Such a variety of portfolio makes it possible to quickly respond to changes in the market and, if necessary, translate investments.

Dalio was the first to create a strategy based on exceeding the average market profitability, and in this regard, he launched the work of the Pure Alpha fund with the English. Pure alpha. In the year, Dalio decided to serve the categories of customers who were not affected earlier. To do this, he created two new funds - Pure Alpha Major Markets with English. Pure alpha large markets and All Weather with English.

For innovative approaches and author’s investment schemes, Ray is called Steve Jobs of financial markets. To date, Bridgewater occupies the first positions in its industry. In the year, her profits amounted to all the activities of Ray Dalio based on radical openness and transparency, there are no shadow operations and dissent. To become strong and make your own company, you need to constantly work on mistakes.

Making bets, he limits them with the number of things in which he is sure to avoid negative influence in any situation. He began to meditate after his favorite Beatles group made a trip to India for this purpose. For many years, the interesting facts of Dalio have been in the ranking of the richest people in the world according to Forbes, and in the year he overtook his main competitor George Soros.

Any Bridgewater Associates employee has the opportunity to express his discontent, and the company will decide whether it is right or not. When hiring in the company, the candidate passes 6 types of tests, which are carried out to study his personality. If a person is completely suitable, then they take it, but the audit does not stop - colleagues evaluate each other's work using the DOTS application.

Dalio wants employees to openly criticize each other, and this will follow a detailed analysis of the problem. This idea was also supported by Warren Buffett and Bill Gates. Books of the authorship of Ray Dalio billionaire, who built one of the most successful companies in the world, simply could not help but share his experience with those who wanted and wrote the book “Principles.Life and work.

" In its first part, Ray tells his story, focusing the reader's attention on decisions made during his life. And in this story, not everything is smooth - it is difficult to believe, but the successful Dalio lost everything, remaining almost the only employee of his company. The second part gives the principles of decision -making suitable for building a successful company and various life situations.

Ray also claims that it is necessary to take into account the opinion of each of the employees, and even disagreement can be an effective tool in the process of searching for truth. The principles set forth in the book are universal and applicable both at the start of the career and to manage the company. This work is surprising in that it can be found in it specific advice that is necessary in real life.

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