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Ray Dalio is born
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Dalio purchases first stock
Ray Dalio purchased Northeast Airlines stock at the age of 12 and the investment tripled once the company was bought out. -
Dalio receives undergrad from CW Post
Dalio followed his passion and majored in finance. Dalio graduated at the top of his class. -
Dalio graduates from Harvard business school (MBA)
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Dalio founds Bridgewater in two-bedroom apartment
After working at a couple of Wall Street firms Dalio decided to found his own company based out of his apartment. -
Bridgewater manages first institutional fund (a $5 million account)
After garnering many clients and beginning to get exposure, Bridgewater started to manage their first institutional fund from the World Bank. -
Bridgewater creates flagship Pure Alpha fund
Bridgewater establishes the Pure Alpha fund which has averaged 11.4% returns annually since its inception. Uses active management and diversifies investments across various asset classes. -
Bridgewater becomes world's largest hedge fund and manages $7.5 billion assets
Bridgewater becomes the world's largest hedge fund with $7.5 billion in AUM. -
Dalio steps down as CEO of Bridgewater and becomes author/mentor
Since Dalio's retirement he has created youtube videos and wrote books that teach his investment principles.