Commodity futures had low borrowing requirements at the time, and Dalio knew he could profit more handsomely than with simple stocks. He continued to buy and sell stocks in college, but became attracted to something new: commodity futures. Post College, a campus of Long Island University. Because of this, he had trouble finding a college on which to enroll. He found school repetitive and monotonous and saw no practical applications for the skills he was learning. In high school, Dalio was an average student. He received a bachelor's degree in finance from Long Island University (C.W. By the time he reached high school, he had built up an investment portfolio of several thousand dollars. 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. The couple's son, a Wall Street trader, later gave Dalio a summer job at his trading firm. Leib and his wife Isabelle invited Dalio to their Park Avenue apartment for family dinners and holiday gatherings. He caddied for many Wall Street professionals during his time there, including Wall Street veteran George Leib. At age 12, he started caddying at The Links Golf Club, which was within walking distance of his childhood home. As a child, Dalio had various odd jobs, including mowing lawns, shovelling snow, and a paper route. 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. When he was 8, the family moved from Jackson Heights to Manhasset in Nassau County, New York.
Early life ĭalio was born in the Jackson Heights neighbourhood of New York City's Queens Borough. It was featured on The New York Times bestseller list. Dalio is the author of the 2017 book Principles: Life & Work, about corporate management and investment philosophy. In 2020 Bloomberg ranked him the world's 79th-wealthiest person. In 2013, it was listed as the largest hedge fund in the world. Two years later, in his apartment, Dalio launched Bridgewater. Post College of Long Island University before receiving an MBA from Harvard Business School in 1973. ĭalio was born in New York City and attended C.W. A $5 million investment from the World Bank's retirement fund was made within five years. He founded Bridgewater in 1975 in New York. Raymond Thomas Dalio (born August 8, 1949) 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.
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