Ray Dalio's Lessons From The Financial Crisis | CNBC
For the tenth anniversary of the 2008 financial crisis, Ray Dalio, one of the world's most successful investors and entrepreneurs, wrote A Template for Understanding Big Debt Crises in which he shares his unique template for how debt crises work and principles for dealing with them well. This template allowed his firm, Bridgewater Associates, to anticipate events and produce significant positive returns while others lost badly.
Ray Dalio
In 1975, Ray Dalio founded Bridgewater Associates, out of his two-bedroom apartment in New York City. Over forty years later, Bridgewater has grown into the largest hedge fund in the world and the fifth most important private company in the United States according to Fortune magazine, and Dalio himself has been named to Time magazine’s list of the 100 most influential people in the world. Along the way Dalio discovered unique principles that have led to his and Bridgewater’s unique success. It is these principles, and not anything special about Dalio, that he believes are the reason behind whatever success he has had. He is now at a stage in his life that he wants to pass them along to others to do whatever they think is appropriate to do with them.
