Short Bio: Ray Dalio is an hedge fund manager, writer and philanthropist. Dalio founded Bridgewater Associates, currently one of the world's biggest hedge funds. His estimated net worth is around 18 billion dollars.
Video duration: 16m33s
In this video presentation at Ted Talks, Ray Dalio explained how he got started in trading the markets and how investors must act in order to become successful. Here are some of the highlights:
"When I was 12 years old
I hated school but I fell in love with
trading the markets."
"In order to be an
effective investor one has to bet
against the consensus and be right and
it's not easy to bet against the
census and be right when has the bet
against the consensus and be right
because the consensus is built into the
price."
"I made a
lot of painful mistakes and with time my
attitude about those mistakes began to
change I began to think of them as
puzzles that if I could solve the
puzzles they would give me gems and the
puzzles were what would I do differently
in the future so I wouldn't make that
painful mistake and the gems were
principles that I would then write down
so I would remember them that would help
me in the future."
You can find Ray Dalio's books on Amazon:
Big Debt Crises (2018)
