Ray Dalio

Ray Dalio is an American businessman and founder of Bridgewater Associates. The son of a jazz musician, Dalio began investing at age 12 when he bought shares of Northeast Airlines for $300 and tripled his money when the airlines went through a merger. Dalio received a BA from Long Island University and an MBA from Harvard Business School.

After completing his education, Dalio worked on the floor of the New York Stock Exchange and began investing in commodity futures. He was a Director of Commodities at Dominick & Dominick LLC. In 1974, he spent a year trading futures as a Shearson Hayden Stone broker. In 1975, he founded the investment management firm, Bridgewater Associates, and his investment advisory service began to attract pension funds worth millions of dollars.