Unveiling the Warning Signs: Ray Dalio's Concerns over a Weakening Economy #investing #money

Raymond Thomas Dalio (born August 8, 1949)[1] is an American billionaire investor and hedge fund manager, who has served as co-chief investment officer of the world's largest hedge fund, Bridgewater Associates, since 1985. He founded Bridgewater in 1975 in New York.[2][3]

Dalio was born in New York City and attended C.W. Post College of Long Island University before receiving an MBA from Harvard Business School in 1973. Two years later Dalio launched Bridgewater.

In 2013, it was listed as the largest hedge fund in the world.[4][5] In 2020 Bloomberg ranked him the world's 79th-wealthiest person.[6] Dalio is the author of the 2017 book Principles: Life & Work, about corporate management and investment philosophy. It was featured on The New York Times bestseller list.[7][8]

Early life
Dalio was born in the Jackson Heights neighbourhood of New York City's Queens Borough.[9] When he was 8, the family moved from Jackson Heights to Manhasset in Nassau County, New York. He is the son of a jazz musician, Marino Dallolio (1911–2002), who "played the clarinet and saxophone at Manhattan jazz clubs such as the Copacabana," and Ann, a homemaker.[9][10][11] As a child, Dalio had various odd jobs, including mowing lawns, shovelling snow, and a paper route.[12] He is of Italian descent. At age 12, he started caddying at The Links Golf Club, which was within walking distance of his childhood home. He caddied for many Wall Street professionals during his time there, including Wall Street veteran George Leib. Leib and his wife Isabelle invited Dalio to their Park Avenue apartment for family dinners and holiday gatherings.[13] The couple's son, a Wall Street trader, later gave Dalio a summer job at his trading firm. He began investing at age 12, when he bought shares of Northeast Airlines for $300 and tripled his investment after the airline merged with another company.[14] By the time he reached high school, he had built up an investment portfolio of several thousand dollars.[15] He received a bachelor's degree in finance from Long Island University (C.W. Post College) and an MBA from Harvard Business School in 1973.[14][16]