1 Glendinning Pl
Westport, CT 06880
Copyright2018 by Ray Dalio
All rights reserved.
Bridgewater is a registered trademark of Bridgewater Associates, LLP.
First edition published September 2018.
Distributed by Greenleaf Book Group. For ordering information or
special discounts for bulk purchases, please contact Greenleaf Book
Group at PO Box 91869, Austin, TX78709, 512.891.6100.
Printed in the United States of America on acid-free paper.
Cover design by Andrew Greif.
Book design by Creative Kong.
ISBN 978-1-7326898-0-0
ISBN 978-1-7326898-4-8 (ebook)
I cannot adequately thank the many people at Bridgewater who have
shared, and continue to share, my mission to understand the markets
and to test that understanding in the real world. I celebrate the
meaningful work and meaningful relationships that we have had and
that have led to the understandings and principles that have enriched
us in the most profound ways.
The list of great partners includes Bob Prince, Greg Jensen and Dan
Bernstein, who have worked with me over decades, my current
investment research team (especially Steven Kryger, Gardner Davis,
Bill Longfield, Anser Kazi, Danny Newman, Michael Savarese, and
Elena Gonzalez Malloy), members of my past research teams (especially
Brian Gold, Claude Amadeo, Bob Elliott, Mark Dinner, Brandon
Rowley, and Jason Rogers), and many others who have worked with me
on research over the years. I’m also indebted to the many other leaders
in Bridgewater research, including Jason Rotenberg, Noah Yechiely,
Larry Cofsky, Ramsen Betfarhad, Karen Karniol-Tambour, Kevin
Brennan, Kerry Reilly, Jacob Kline, Avraam Sidiropoulos, Amit
Srivastava, and our treasured former colleague Bruce Steinberg, who
we tragically lost last year.
Acknowledgements。