Hall of Masters

Ray Dalio

레이 달리오

Founder of Bridgewater Associates, the world's largest hedge fund, who established a culture of radical truth and radical transparency over four decades.

136 records in all

  • Principles 32
  • Episodes 33
  • Quotes 71
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Episodes

5 basic records of 33

Episodes are real events from public sources, summarised by us.

  • 1974

    Fired from the Job

    He was fired from his position as a futures trader after getting drunk and having a physical altercation with his boss at a year-end party. His impulsive behavior and lack of emotional control resulted in the loss of a promising job.

    LessonNo matter how talented one is, a lack of professional attitude and emotional control can ruin a career in an instant.

  • 1975

    Founding Bridgewater

    After losing his job, he started his own investment firm in a small two-bedroom apartment in New York. Instead of a fancy office, he took his first entrepreneurial steps using the minimal resources and space he had.

    LessonEven massive enterprises start in humble environments, and what matters is the will and execution to begin.

  • 1975

    Securing McDonald's

    His newly established investment firm succeeded in securing the global corporation McDonald's as a major client. He utilized his in-depth research reports to gain the trust of a large corporate client.

    LessonSecuring an iconic major client in the early stages of a business boosts credibility and serves as a stepping stone for rapid growth.

  • 2011

    Publishing Principles

    He released a document containing his investment philosophy and corporate management methods to the public. He decided to compile the unique principles shared only internally and self-publish them in book form.

    LessonDocumenting and sharing one's core philosophy with the world can exert global influence beyond corporate culture.

  • 1974

    Fired from Shearson Hayden Stone

    Dalio got into a physical altercation with his boss while drunk at a year-end party. This incident caused him to lose his job as a futures trader. He failed to control his emotions and acted inappropriately, resulting in his termination.

    LessonFailing to control emotions and unprofessional behavior can severely damage a career.

You are seeing 21 basic records. Membership answers from all 136 of this master's records.

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Investing and capital allocation

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