Ray Dalio (Trades, Portfolio) founded hedge fund Bridgewater Associates in 1975 out of a two-bedroom apartment. Today, it manages $157 billion in assets for institutional clients, foreign governments, corporate and public pension funds, among others.
The firm’s success can be attributed to Dalio’s “Principles,” an overview of the investor’s life and management philosophies. Part 1 explains the importance of having principles in general, Part 2 explains Dalio’s fundamental life principles, and Part 3 discusses his management principles that are lived out at Bridgewater. Continue Reading »