RIO DE JANEIRO, BRAZIL – Ray Dalio founded Bridgewater in 1975 in New York. Within ten years, it was infused with a US$5 million investment from the World Bank’s retirement fund. Back then this was considered a large investment.
Dalio is regarded as one of the greatest innovators in the finance world, having popularized many commonly used practices, such as risk parity, currency overlay, portable alpha and global inflation-indexed bond management.
While Dalio has agreed that capitalism is generally the best economic system, he has argued that it needs to be reformed due to it “not working well for most Americans”.
(This video has been uploaded on Dalio’s YouTube channel on March 2, 2022 and has already generated more than 10,7 Million views.)