Ray Dalio’s Economic Machine — 12 Minute Summary
Ray Dalio is one of most successful hedge fund managers of our time, having founded Bridgewater Associates in 1975 — a company which today boasts US $160 billion in assets under management. Needless to say, Dalio is a billionaire in his own right.
He credits much of his success to guiding principles that he has used to make decisions both in his professional and in his personal life. More recently, as Dalio was closing in on his 70s, he decided to give back and codify these principles into what became his book, aptly titled Principles: Life and Work. It has had a profound impact on how I navigate the world.
He has since gone on to not only influence global financial markets but also global minds, with his book becoming a New York Times bestseller, and his YouTube videos which demystify complex topics such decision-making and the global economy, popularise ideas such as idea meritocracies and radical transparency, and generate tens of millions of views and followers along the way.
Most recently, Dalio has been on the lockdown-imposed podcast trail, sharing his sentiments on what he thinks the short to long term economic outlook might be relative to COVID-19. His commentary builds upon a beautiful video he shared six years ago called ‘How the Economic Machine Works in 30 Minutes’ — it has been viewed over 14…
