Act III. Towards a new balance: The shape of the new economic order
Ray Dalio, Founder and Chief Investment Officer, Bridgewater Associates
Ray Dalio is an American businessman and founder of Bridgewater Associates. The son of a jazz musician, Dalio began investing at age 12 when he bought shares of Northeast Airlines for $300 and tripled his money when the airlines went through a merger. Dalio received a BA from Long Island University and an MBA from Harvard Business School.
After completing his education, Dalio worked on the floor of the New York Stock Exchange and began investing in commodity futures. He was a Director of Commodities at Dominick & Dominick LLC. In 1974, he spent a year trading futures as a Shearson Hayden Stone broker. In 1975, he founded the investment management firm, Bridgewater Associates, and his investment advisory service began to attract pension funds worth millions of dollars.
Bridgewater Associates founder Ray Dalio sees a lack of "thoughtful dialog" among politicians who are charged with setting policy to recover the economy. "Fiscally, right now, there is a line drawn in the sand," argues Dalio.