Dalio Returns 25% This Year on Diversified Bets Even as Markets Convulse

Found via The Big Picture.

Bridgewater Associates LP founder Ray Dalio can rattle off the investing fads he’s witnessed since he began trading as a 12-year-old golf caddie: the Nifty-50 stock craze of the 1970s, the 1980 gold bubble and even the 60- 40 stock-to-bond mix.

“Manias occur when there is group thinking,” Dalio says.

Dalio, 62, built Bridgewater into the world’s largest macro hedge-fund firm, with $122 billion in total assets, by tacking against consensus. He’s created a distinct workplace culture and a research-driven investing process that spreads risk across scores of markets, Bloomberg Markets magazine reports in its October special issue on the 50 Most Influential people in global finance.

“Making money is a zero-sum game, so to be successful you have to be willing to stand apart from the crowd,” Dalio says. “And you have to be right.”

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