Ray Dalio

Ray Dalio

Last Update: 08-14-2018

Number of Stocks: 460
Number of New Stocks: 92

Total Value: $10,009 Mil
Q/Q Turnover: 11%

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

Ray Dalio' s Profile & Performance

Profile

Ray Dalio founded Greenwich, CT based hedge fund Bridgewater Associates in 1975. Now it has more than $165 billion under management. The firm claims 13% annual returns after fees. The success of the hedge fund made Ray Dalio 84th richest person in the world, according to Forbes. Ray Dalio is the son of a jazz musician. Studied finance at Long Island U., went to work for Merrill Lynch in 1972. Harvard MBA in 1973. Ray Dalio bought his first stock the age of 12.

Web Page:http://www.bwater.com/default.aspx

Investing Philosophy

These are some of Ray Dalio's life principles:
1. working for what I wanted, not for what others wanted me to do;
2. coming up with the best independent opinions I could muster to move toward my goals;
3. stress-testing my opinions by having the smartest people I could find challenge them so I could find out where I was wrong;
4. being wary about overconfidence, and good at not knowing; and
5. wrestling with reality, experiencing the results of my decisions, and reflecting on what I did to produce them so that I could improve. I believe that by following this approach I moved faster to my goals by learning a lot more than if I hadn't followed it. Read the complete file

Total Holding History

Top Ranked Articles

Ray Dalio’s Bridgewater Boosts Gold and Emerging Markets Holdings The $160 billion fund has more than half its long portfolio in emerging markets
Ray Dalio (Trades, Portfolio)’s Bridgewater, the largest hedge fund in the world, strongly increased its investments in emerging markets and gold during the third quarter, according to its portfolio announcement. Read more...
Relief for Bank Stocks After falling for three straight weeks, shares of top banks rally, but investors may want to look closely at book value per share
Wall Street appeared to be handing the nation’s top banks its own version of stress testing as the financial stocks fared worse than any other sector for most of June. Read more...
Ray Dalio Commentary: Watch Out for the Effects of Tax Reform on Tax Migration, the Fiscal Conditions of Affected States and Cities, and Polarity in America We haven’t talked enough about the tax migration that is taking place because of growing differences in state and local tax rates
Ray Dalio (Trades, Portfolio), the head of Bridgewater Associates, posted the following on LinkedIn on Dec. 5. Read more...
Can Active Investment Funds Survive Leadership Changes? A venerable British institution may serve as guide for successful successions
Hedge funds, private equity funds and other specialized investment vehicles designed to deliver market-beating returns have had a checkered record of success, as we have covered at length in a series of research notes. But there is no doubt that some have succeeded in delivering real alpha to their limited partners over the years. Some, such as Bridgewater Associates, have even done so for decades-long stretches. Read more...
Ray Dalio Buys Warren Buffett’s DaVita, Biogen, Walt Disney in 1st Quarter Dalio's top 10
Ray Dalio (Trades, Portfolio), founder of Bridgewater Associates, the world’s largest hedge fund, disclosed a slew of first-quarter buys in his portfolio update Tuesday. Read more...
» More Ray Dalio Articles

Commentaries and Stories

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Ray Dalio - Principle 4.1: Understand the Power That Comes From Knowing How You and Others Are Wired From Bridgewater founder's LinkedIn blog Ray Dalio - Ray Dalio - Principle 4.1: Understand The Power That Comes From Knowing How You And Others Are Wired
When I started Bridgewater two years out of business school, I had to manage people for the first time. At first I thought that hiring smart people—for instance, the top students out of the top schools—should get me capable employees, but as often as not, those people didn’t turn out well. “Book smarts” didn’t typically equate to the type of smarts I needed. More...

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Ray Dalio: How I Think About Credit and Debt From Dalio's LinkedIn blog Ray Dalio - Ray Dalio: How I Think About Credit And Debt
Since we are going to use the terms “credit” and “debt” a lot, I’d like to start with what they are and how they work. More...

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Applying My Debt Template to Now to Try to See What's Ahead From Ray Dalio's LinkedIn blog Ray Dalio - Applying My Debt Template To Now To Try To See What's Ahead
To reiterate where we stand now, a) the short-term debt cycles (also called business cycles) of most developed countries are in the 6th or 7th innings so they are not near their contraction phases. These expansions typically go on about 7-8 years (plus or minus a few years) with the longer ones coming when there is a lot of slack due to the last contraction being a deep one and when growth has been slow. Since the last one was deep, growth has been relatively slow, and debt growth is not high relative to income growth, and since capacity constraints that now exist are not leading to dangerously high inflation and fast tightening, it looks to me that we have a couple more years left in this cycle's expansion. At the same time b) the long term debt cycles of most developed countries are in their very late stages and their abilities to manage the obligations will be difficult. I say that because the total debt and non-debt (e.g. pension and health care) obligations are large/growing and the ability of central banks to reverse a contraction is limited (because interest rates don't have much room to be lowered and because the ability to squeeze more growth from "quantitative easing" More...

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The Days Before Lehman’s Collapse An excerpt from 'A Template for Understanding Big Debt Crises,'​ by Ray Dalio Ray Dalio - The Days Before Lehman’s Collapse
“On Friday evening, reports surfaced that Fed officials had gathered the heads of Wall Street’s major banks—from Goldman Sachs to the Bank of New York Mellon—to urge them to bail out Lehman. Whether there would be any takers remained to be seen. Bank of America, Barclays, and HSBC had reportedly expressed interest, but none wanted to do the deal without government support. And Treasury officials publicly insisted no support would come. Paulson had hoped that by motivating a consortium of financial institutions to take on Lehman’s bad loans, a potential acquisition of Lehman could be facilitated (as a potential buyer could leave a substantial portion of Lehman’s bad assets behind when they acquired the firm). But while some progress was made with the consortium, no potential buyer emerged. Without a potential buyer, the Fed did not have any authorities which would have been effective in preventing the failure of a nonbank in the midst of a panic-driven run, according to Paulson, Bernanke, and Geithner. More...

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Ray Dalio: We Are in the 7th Inning Dalio's market outlook and his advice on how to navigate the current landscape Ray Dalio - Ray Dalio: We Are In The 7th Inning
Ray Dalio (Trades, Portfolio) started Greenwich, Connecticut-based hedge fund Bridgewater Associates in 1975. Today it has $160 billion under management. The success of the hedge fund made Ray Dalio (Trades, Portfolio) one of the richest people in the U.S. Bridgewater puts out a daily research note that is widely read. More...

LONG, MACRO, DALIO, U.S., DEBT, FISCAL POLICY,


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Applied Materials Is a Steal Trading under $45 and 10 times earnings, the stock is a bargain currently Ray Dalio, Joel Greenblatt, Steven Cohen, David Ca - Applied Materials Is A Steal
Applied Materials Inc. (NASDAQ:AMAT) is one of the world’s largest suppliers of semiconductor manufacturing tools; it has a hand in making nearly every chip in the world. The company’s systems are used in every step of the process except lithography. From a macro standpoint, the need for faster chips and desire for better technology will only increase. More...

CHIPS, MEMORY, NAND, SSD, DRAM, MICRON, INTEL, AMAT, APPLIED MATERIALS,


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Eldorado Gold Is a Buy The miner is anticipating strong production growth Jim Simons, Ray Dalio, Donald Smith, Pioneer Inves - Eldorado Gold Is A Buy
Gold traded at $1,190.95 per troy ounce on the London Bullion Market on Tuesday, marking the second hike this week. The current market valuation, however, is still below the cumulative average of $1,296.22 per troy ounce for the year. More...

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An Opportunity for Homebuilders Toll Brothers, Lennar and NVR look like massive bargains Ray Dalio, Daniel Loeb, Diamond Hill Capital - An Opportunity For Homebuilders
Last week, Redfin Corp. (NASDAQ:RDFN) CEO Glenn Kelman warned of a housing slowdown that is beginning to develop across the country, even more so in expensive markets like Seattle and San Francisco. He said the two factors driving this trend are the consistently low supply of homes for sale and frustrated buyers that simply stop trying after getting beaten out on offer after offer. More...

HOME BUILDERS, RESIDENTIAL CONSTRUCTION, HOUSING INDUSTRY


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Ray Dalio’s Top 6 Buys in 2nd Quarter Author of best-seller 'Principles' discloses top buys for the June quarter Ray Dalio, Chuck Royce, Paul Tudor Jones, Richard  - Ray Dalio’s Top 6 Buys In 2nd Quarter
Ray Dalio (Trades, Portfolio), author of best-seller “Principles,” disclosed on Tuesday that his $165 billion hedge fund’s top six buys for the second quarter were Cummins Inc. (NYSE:CMI), Applied Materials Inc. (NASDAQ:AMAT), Alibaba Group Holding Ltd. (NYSE:BABA), Bristol-Myers Squibb Co. (NYSE:BMY), Walmart Inc. (NYSE:WMT) and Johnson & Johnson (NYSE:JNJ). More...

RAY DALIO, CHUCK ROYCE, PAUL TUDOR JONES, RICHARD SNOW, CHRIS DAVIS, MURRAY STAHL, CHASE COLEMAN, JULIAN ROBERTSON


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6 Low PE Stocks MFA Financial tops the list Jim Simons, Ray Dalio, Joel Greenblatt, Jeremy Gra - 6 Low PE Stocks
The following six stocks have low price-earnings ratios and have been bought by gurus. While some of them are great investments, others need to be checked again, according to the discounted cash flow calculator. More...

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Ray Dalio Commentary: My Thoughts on Universal Basic Income From Dalio's LinkedIn blog Ray Dalio - Ray Dalio Commentary: My Thoughts On Universal Basic Income
As you know, I think a lot about economics and the wealth/opportunity gap because I see that we won’t have enough money to meet our debt, pension and health care obligations, and because I believe the wealth/opportunity gap is our greatest threat, especially during times of stress. As a result, I am studying alternative ways of dealing with this issue, with UBI being one of them. I passed along the UBI research my team and I prepared (https://www.linkedin.com/pulse/my-thoughts-universal-basic-income-ray-dalio/) without sharing my own thoughts so that you could learn what I learned about it and I could hear your thoughts about it without biasing you. I found the numerous comments on it to be very interesting and wish we could all work through this issue in an idea-meritocratic way. As for what I think, it seems to me that a) the most important question is whether giving poor people the free money to make their own choices is better than putting money into directed programs targeted to help their well-being (like better funding for educating the poor, school lunch programs, More...

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Ray Dalio: Primer on Universal Basic Income Bridgewater Associates founder posts research paper on LinkedIn blog Ray Dalio - Ray Dalio: Primer On Universal Basic Income
Universal Basic Income is one of several ideas floating around for dealing with the income/opportunity gap. Since you seem to be interested, I’m passing to you a briefing paper that my research team prepared for me and that I tweaked based on my Q&A with them. I won’t give you my conclusions because I don’t want to bias you. I’d rather you form your own opinion after you are informed. More...

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Relief for Bank Stocks After falling for three straight weeks, shares of top banks rally, but investors may want to look closely at book value per share Jim Simons, Ray Dalio, David Tepper, George Soros, - Relief For Bank Stocks
Wall Street appeared to be handing the nation’s top banks its own version of stress testing as the financial stocks fared worse than any other sector for most of June. More...

BANKS, PRICE-TO-TANGIBLE BOOK, STOCK, RATIO, STRESS TEST, FEDERAL RESERVE BANK, INDUSTRY OVERVIEW, JPMORGAN, BANK OF AMERICA, WELLS FARGO


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Ray Dalio Buys Warren Buffett’s DaVita, Biogen, Walt Disney in 1st Quarter Dalio's top 10 Ray Dalio - Ray Dalio Buys Warren Buffett’s DaVita, Biogen, Walt Disney In 1st Quarter
Ray Dalio (Trades, Portfolio), founder of Bridgewater Associates, the world’s largest hedge fund, disclosed a slew of first-quarter buys in his portfolio update Tuesday. More...

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Can Active Investment Funds Survive Leadership Changes? A venerable British institution may serve as guide for successful successions Ray Dalio - Can Active Investment Funds Survive Leadership Changes?
Hedge funds, private equity funds and other specialized investment vehicles designed to deliver market-beating returns have had a checkered record of success, as we have covered at length in a series of research notes. But there is no doubt that some have succeeded in delivering real alpha to their limited partners over the years. Some, such as Bridgewater Associates, have even done so for decades-long stretches. More...

BRIDGEWATER, RAY DALIO, HEDGE FUND, PRIVATE EQUITY, FUND MANAGEMENT, SUCCESSION, INDISPENSABLE MAN, BERKSHIRE, BUFFETT, F&C INVESTMENTS, FOREIGN AND COLONIAL TRUST


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Ray Dalio Commentary: More on Trade and Other Wars From Bridgewater Associates CEO's LinkedIn blog Ray Dalio - Ray Dalio Commentary: More On Trade And Other Wars
Summary: Nowadays, we can’t avoid considering geopolitical developments because they are playing a greater than normal role in affecting economies and markets. Recent geopolitical developments have led me to raise my probabilities of trade and other types of wars, such as capital wars, cyber wars (and possibly even shooting wars). To be clear, I’m not saying they’re probable, and I’m not sure that my assessment is right. I’m just saying that it seems to me that the odds have increased relative to where they were, and I am just sharing the thinking that leads me to that conclusion. More...

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Ray Dalio: Fears of Trade Wars and Other Wars From the LinkedIn blog of the head of Bridgewater Associates Ray Dalio - Ray Dalio: Fears Of Trade Wars And Other Wars
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Ray Dalio on Trade Wars The guru wrote a note on the potential US-China trade war Ray Dalio - Ray Dalio On Trade Wars
Ray Dalio (Trades, Portfolio) is the manager of the moment. He has had a wildly successful career, building out a firm ran from his apartment (Bridgewater) into a global powerhouse that never ditched the name although the model changed. More...

HEDGE FUND, DALIO, BRIDGEWATER, TRADEWAR, CHINA


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Ray Dalio on the Likelihood of a US-China Trade War Insights from Dalio Ray Dalio - Ray Dalio On The Likelihood Of A US-China Trade War
Ray Dalio (Trades, Portfolio) wrote a fabulous article called “A U.S.-China Trade War Would Be a Tragedy” a few days ago. The topic of tariffs and the possibility of a trade war have been the media headlines these days. As always, it’s great to hear from someone as reasonable and intelligent as Dalio sharing his thoughts on the subject. More...

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Ray Dalio: A US-China Trade War Would Be a Tragedy From Bridgewater Associates co-chief investment officer Ray Dalio's LinkedIn communications Ray Dalio - Ray Dalio: A US-China Trade War Would Be A Tragedy
The markets’ reactions to newly imposed tariffs and, more importantly, the possibility of a US-China trade war convey appropriate tip-of-the-iceberg concerns of what a trade war would mean for the US, China, and world economies and markets. To me, these concerns are reminiscent of the markets’ first reactions to the possibility of a military war with North Korea—i.e., the seemingly aggressive posture of Donald Trump conjures up pictures of war that are very scary, so the markets react, but that doesn’t mean that such a war is likely (at least in the near term). More...

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