Ray Dalio

Ray Dalio

Last Update: 11-12-2015

Number of Stocks: 431
Number of New Stocks: 210

Total Value: $7,470 Mil
Q/Q Turnover: 14%

Countries: USA
Details: Top Buys | Top Sales | Top Holdings  Embed:

Ray Dalio Watch

  • Ray Dalio Speaks About Principles

    Legendary guru Ray Dalio (Trades, Portfolio) founded Bridgewater Associates in 1975 from scratch at the same time as he was starting his family. Today Bridgewater Associates is the world's biggest hedge fund firm, which now manages $155 billion, according to Forbes.com.

    On the Bridgewater Associates website Dalio has written an excellent article on principles. He talks about how he has gained the most experience from making mistakes. Here is a passage about experience and making mistakes from his article on principles: “I have gained a lot more experience that taught me a lot more, mostly by making mistakes and learning from them. Most importantly: I learned that failure is by and large due to not accepting and successfully dealing with the realities of life, and that achieving success is simply a matter of accepting and successfully dealing with all my realities.”


  • Air Liquide Set to Buy Airgas

    Recently Airgas Inc. (ARG) agreed to be acquired by Air Liquide (AIQUF).

    Air Liquide expects the deal to be active from the next year and plans to realize more than $300 million in pre-tax cost, efficiency and volume synergies.


  • Not Even a 21% Dividend Hike Justifies Prudential's High Price

    Prudential Financial Inc. (NYSE:PRU) has raised its quarterly dividend to 70 cents per share. This way, the stock yields 3.32% if the share price stays at current levels ($85.65). However, thanks to GuruFocus we can find that dividend yield is ranked lower than 69% of the 107 Companies in the Global Insurance - Life industry. A simple question arises: Is it worth it?

    What makes possible the dividend hike is the solid financial position, and we expect it to use excess capital to continue repurchase shares and for dividend payments. We should note that Prudential has a history of deploying capital through share repurchases, dividend as well as acquisitions.


  • Gabelli on How to Approach the Energy Space Right Now

    With oil back rolling over again CNBC interviewed guru Mario Gabelli (Trades, Portfolio) and prodded him for his picks in energy. Gabelli launched into a one-minute crash course on how to find great investments in the energy space in this market. His mantra is simple:


  • Ray Dalio's 5 Largest New Buys

    Bridgewater Associates, the $154 billion hedge fund led by Ray Dalio (Trades, Portfolio), had somewhat unusual purchasing activity in the third quarter, going on a diversification tear, the update released today showed.

    Dalio’s team purchased a vast 210 new stocks, a large proportion of which were in tiny quantities of less than 0.01% of the portfolio. The quarter ended with a total of 431 positions in Bridgewater’s $7.5 billion long portfolio, with 14% quarter-over-quarter turnover.


  • 5 Unconventional Books to Make You a Better Investor

    Most of us have read classic value investing books such as the "The Intelligent Investor" by Ben Graham and "The Most Important Thing," by Howard Marks. I’ve enjoyed reading those classics and learned tremendously from them. I’ve also bumped into a few unconventional books, however, that I think are worthwhile to read. Some of them are not necessarily directly value investing-related, but they certainly helped me in terms of better thinking as an investor. Here is the list and a brief summary of why I think they are great reads.

    1. "Filters Against Folly" by Garrett Hardin, one of Charlie Munger (Trades, Portfolio)’s favorite writers


  • Psychologist Daniel Kahneman on Avoiding Overconfidence

    A common problem that we run into as investors is overconfidence in our estimates. Sometimes because we put so much effort in our calculations we believe that they must be correct. As the next example proves, it is only on a few occasions when our estimations of the near and far future turn out to be correct.

    "For a number of years, professors at Duke University conducted a survey in which the chief financial officers of large corporations estimated the returns of the SP500 Index over the following year. The Duke scholars collected 11,600 such forecasts and examined their accuracy. The conclusion was straightforward: financial officers or large corporations had no clue about the short-term future of the stock market; the correlation between their estimates and the true value was slightly less than zero! When they said the market would go down, it was slightly more likely than not that the market would go up. These findings are not surprising. The truly bad news is that the CFOs did not appear to know that their forecasts were worthless."


  • Ray Dalio Buys Chipotle Mexican Grill and Foot Locker in Q2

    Ray Dalio (Trades, Portfolio) founded Greenwich, Connecticut-based hedge fund Bridgewater Associates in 1975. As of the second quarter, it had more than $165 billion under management. Throughout its 40-year history, Bridgewater has been recognized as a top-performing manager and an industry innovator. Bridgewater was one of the few firms to have positive performance during the 2008 financial crisis. Dalio's second-quarter portfolio was composed of 308 stocks with a total value of $10.83 billion, and the below listed trades were the most weighted buys during the quarter.

    Dalio increased by 310% his stake in Chipotle Mexican Grill Inc. (CMG) with an impact of 0.12% on his portfolio.


  • Bond King Bill Gross Has Some Advice for the Fed

    When asked whether Central Banks have become too important to the markets, Bill Gross suggests that the Fed should update its models.

    Gross thinks that the models that the Fed has employed in the 21st century have all failed.


  • American Businesses Are Flush With Cash – Hedge Fund Titan Ray Dalio

    Ray Dalio thinks that the amount of cash that American companies have on their balance sheets is a major influence on the stock market.

    What he sees is a huge amount of stock market volume being driven by stock buybacks and cash leading to a significant amount of M&A.


  • Ray Dalio Expounds on 'All-Weather' Strategy After It Doesn't Withstand August Weather

    Dalio's firm, Bridgewater Associates, the largest hedge fund in the world, posted the following document on their website:


  • Market Continues to Look Expensive After Low August Returns

    August was undoubtedly a tough month for the market, with share prices plunging on Aug. 18 and leading to a selloff on Aug. 21, reaching what some consider the first meaningful correction in years.

    At the close of trading on Aug. 21, the S&P 500 fell 3.2% or 64.84 points to 1,970.89. According to the S&P Dow Jones Indices, the index lost $1.14 trillion in value that week. The DJIA was down 530.94 points to 16,459.75. Macro concerns that may have led to the selloff include Greece’s ongoing financial troubles, including its default on an IMF loan on June 30. China’s economic instability, however, gradually overtook Greece in the headlines, and was also blamed for spooking investors, as the country unexpectedly devalued its currency.


  • We Didn't Start the Fire – CMG Capital Management

    Harry Truman, Doris Day, Red China, Johnnie Ray, South Pacific, Walter Winchell, Joe DiMaggio, Joe McCarthy, Richard Nixon, Studebaker, television, North Korea, South Korea, Marilyn Monroe …


  • China's Economy Undergoing a Transformation Nobody Is Talking About – U.S. Global Investors

    The photo you see below was snapped recently in Beijing. It might not be that special to some readers, but in my 25 years of visiting the Chinese capital, I’ve never seen a blue sky because it’s always been blotted out by yellow smog. Beijing is clearly undergoing a transformation right now. This might please proponents of the green movement, but it’s ultimately harmful to the health of the manufacturing sector.

    Blue skies ahead? A cyclist pedals through Tiananmen Squar in Beijing


  • Ray Dalio Sees More Quantitative Easing Ahead After Small Tightening

    While most of Wall Street expected a rate increase to result from the Federal Open Market Committee meeting in September, Ray Dalio (Trades, Portfolio) expects something different, he said in a note this week.

    Instead, the fund manager entitled his note, “The Dangerous Long Bias and the End of the Supercycle: Why We Believe That the Next Big Fed Move Will Be to Ease (via QE) Rather Than to Tighten.”


  • Morgan Stanley Continues Beating Wall Street

    In this article, let's take a look at Morgan Stanley (NYSE:MS), a $74.5 billion market cap company, which is a financial holding company, provides various financial products and services to corporations, governments, financial institutions, and individuals worldwide.

    Bullish sentiment


  • Coach's Opportunity for Growth

    In this article, let's take a look at Coach Inc. (NYSE:COH), a $8.62 billion market cap company, that designs, makes and markets fine accessories for women and men, including handbags, weekend and travel accessories, outerwear, footwear and business cases.

    Opportunity for growth


  • Gold Is On Sale Says The Rational Investor – U.S. Global Investors

    The leveraged gold futures derivatives market is knocking down the precious metal, yet in massive contrast, this drop has ignited a shopping frenzy according to gold coin dealers. I spoke with several friends and industry experts this week who confirmed the record sales numbers for the month. In fact, American Gold Eagle sales reached 161,500 ounces in July, the highest monthly figure since April 2013. What gives?

    Gold often attracts conspiracy theories when it falls so abruptly, especially on Mondays. Interestingly, in a recent article on Zero Hedge, ABC Bullion out of Sydney, Australia, details some of the speculation behind the precious metal’s beat down, which I’ve also discussed in my blog.


  • Expedia Jumped After Beating Wall Street

    Expedia (NASDAQ:EXPE) shares jumped almost 13% to $121.44 in today´s trading day after the company´s Q2 results. The company reported stronger-than-expected revenue and earnings. Further, it received a price target increase. Revenue was up more than 15%, beating the consensus, and reported second-quarter earnings of $0.89, beating analysts' estimates of $0.84 per share. Expedia also announced it raised its September dividend to $0.24 per share, a 33% increase over its previous dividend.

    At the end of May, the stock also jumped in response to news that the firm was selling its majority stake in Chinese travel company eLong (NASDAQ:LONG) to Ctrip.com (NASDAQ:CTRP). I think this was a strategic move, apart from reducing exposure to China, because the firm can focus on valuable ideas in the long haul instead of losing time and sources in that business.


  • The Market for Tobacco Alternatives Continues to Evolve

    In this article let's take a look at Philip Morris International Inc. (NYSE:PM), the global tobacco giant that sells cigarettes in over 200 countries, which manufactures and markets the number one cigarette brand: Marlboro.

    Next generation of ecigarettes


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