Meet the world’s wealthiest person – Ray Dalio, of Bridgewater Associates

Watch the full interview with Ray Dalio on Friday, 29 February on Bloomberg Television. Dr. Ray Dalio is the founder and co-CEO of Bridgewater Associates, the world’s largest hedge fund. The firm was founded…

Meet the world's wealthiest person - Ray Dalio, of Bridgewater Associates

Watch the full interview with Ray Dalio on Friday, 29 February on Bloomberg Television.

Dr. Ray Dalio is the founder and co-CEO of Bridgewater Associates, the world’s largest hedge fund. The firm was founded in 1975 with $2 million. Today, it has more than $150 billion in assets under management.

Dr. Dalio is the author of 18 books and six collections of essays. In 2011, he was awarded the Templeton Prize, which is awarded annually to a prominent world religious leader, and in the same year, was included in Time magazine’s list of 100 most influential people.

In 2014, Dalio was inducted into the Business Hall of Fame, and in 2015, he was honored with a MacArthur Fellowship, also known as the “genius grant,” for his work in thought leadership. He is a member of the National Academy of Sciences, and a recipient of the Gustav O. Stern Award for Outstanding Contributions to Artificial Intelligence.

Bridgewater Associates takes a long-term investment approach and doesn’t pursue profit in the short term. Dalio often quotes two of his colleagues, Jim Rogers and Mark Mobius, who often say, “In life, we should think about the biggest number possible. You don’t often find the most profitable number.”

Although his invest-to-live philosophy doesn’t allow him to worry, he told Bloomberg’s Matt Miller, “If you worry about your day-to-day, if you worry about what the price of cheese is going to be next week, that is very limiting.”

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