Ray Dalio
Bridgewater Associates
Ray Dalio founded Bridgewater Associates out of his two-bedroom apartment in New York in 1975. Under his leadership, it has grown into the world's largest hedge fund, with about $150 billion in assets under management. Dalio is known for his unique management philosophy outlined in his book "Principles," which emphasizes radical transparency and idea meritocracy.
Assets Under Management
$150.0B
Founded
1975
Investment Strategy
Global macro investing with a focus on understanding economic and market cycles, and how they affect different asset classes.
Notable Quotes
"Pain + Reflection = Progress"
"The biggest mistake investors make is to believe that what happened in the recent past is likely to persist."
"The most important thing you need to do is to have humility and draw distinctions between your opinions and reality."
Top Portfolio Holdings
Based on the latest 13F filings. These represent the largest positions in Ray Dalio's portfolio.
| Company | Ticker | Sector | % of Portfolio | Value ($ Millions) |
|---|---|---|---|---|
| SPDR S&P 500 ETF Trust | SPY | ETF | 5.8% | $3.1 |
| Vanguard FTSE Emerging Markets ETF | VWO | ETF | 3.2% | $1.7 |
| SPDR Gold Shares | GLD | Commodities | 2.4% | $1.3 |
| Procter & Gamble | PG | Consumer Defensive | 2.1% | $1.1 |
| Johnson & Johnson | JNJ | Healthcare | 1.9% | $1.0 |
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