Born on August 8, 1949 in Long Island, New York, Dalio founded Bridgewater** at the age of 26. He is one of the world's top investors and entrepreneurs, one of the world's 100 most influential people by Time Magazine, and one of the top 100 richest people in the world by Forbes. Because his unique investment principles changed the industry, the American CIO Manager magazine called him "the Steve Jobs of the investment world".
In the 28 years since its founding, Bridgewater** has only achieved negative returns in 3 years with an average annual return on investment of about 12% over 28 years. In 2018, the global hedging average was 67%, but Bridgewater's Pure Alpha** net value rose against the market in 2018, with a return of 146%。He has an in-depth understanding of risk and an emphasis on strategies such as diversification, absolute return, etc., which are reflected in his company culture and investment strategy.
Dalio's success is not accidental. His investment philosophy is based on in-depth research and understanding, and he believes that only by understanding how the world works can he make informed investment decisions. He emphasizes diversification, absolute returns, and an in-depth understanding of risk. These philosophies are reflected in his company culture and investment strategy.
Dalio's achievements lie not only in his investment performance, but also in the depth and breadth of his thinking. He is good at looking at problems from different angles in order to find the best solution. This way of thinking allowed him to stay calm in the midst of financial turmoil and economic distress and find investment opportunities.
However, Dalio is not content to be just a successful investor. Through his thoughts and actions, he hopes to have a greater impact on the world. He actively participates in social welfare undertakings and uses his wealth and influence to promote social progress.
Dalio's book, Principle 2: Dealing with the Changing World Order, is the culmination of his thinking. In this book, he shares his worldview and outlook on life, as well as his principles in investing and life. This book is not only a book about investing, but also a book about the philosophy of life and the way of thinking.
If you're interested in investing, philosophy, or how to understand the world and life, then this book is worth reading. Dalio's way of thinking and principles may give you new revelations and reflections.
Overall, Dalio is a figure to learn from and respect. His way of thinking, investment philosophy and outlook on life have brought us great inspiration. If you want to learn more about him, then the book "Principle 2: Dealing with the Changing World Order" is a good place to start, which can be found at the link below.