In 1975, Ray Dalio founded an investment firm, Bridgewater Associates, out of his two-bedroom apartment in New York City. Forty years later, Bridgewater has made more money for its clients than any other hedge fund in history and grown into the fifth most important private company in the United States, according to Fortune magazine. Dalio himself has been named to Time magazine\u2019s list of the 100 most influential people in the world. Along the way, Dalio discovered a set of unique principles that have led to Bridgewater\u2019s exceptionally effective culture, which he describes as \u201can idea meritocracy that strives to achieve meaningful work and meaningful relationships through radical transparency.\u201d It is these principles, and not anything special about Dalio\u2014who grew up an ordinary kid in a middle-class Long Island neighborhood\u2014that he believes are the reason behind his success.<\/p>\n","protected":false},"excerpt":{"rendered":"
In 1975, Ray Dalio founded an investment firm, Bridgewater Associates, out of his two-bedroom apartment in New York City. Forty years later, Bridgewater has made more money for its clients than any other hedge fund in history and grown into the fifth most important private company in the United States, according to Fortune magazine. Dalio himself has been named to Time magazine\u2019s list of the 100 most influential people in the world.<\/p>\n","protected":false},"featured_media":299,"comment_status":"open","ping_status":"closed","template":"","meta":{"content-type":"","om_disable_all_campaigns":false,"_mi_skip_tracking":false},"product_cat":[23],"product_tag":[27,34,36],"yoast_head":"\n