Ray Dalio

speaker

737 appearances 1 recordings 1 series first heard Jul 2026 last heard 17 Jul

Ray Dalio’s voice in public audio — every appearance, attributed to the second.

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Recordings per month over the last 12 months — 1 in all, peaking in Jul 2026 with 1.

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My First Million · Ray Dalio: The principles that made me a billionaire · 17 Jul 2026 podcast

And then I learned how to diversify my bets and substantially reduce my risk without reducing my returns.

Because I didn't want to have reduced the upside.

I knew that I had to reduce the downside.

And so I really learned and taught myself really my mantra.

Okay, here's the mantra for investing.

You want to be successful?

This is the holy grail of investing.

Find 15 good uncorrelated return streams.

Well, I just looked at the math of it, okay?

So in other words, what are the marginal benefits of diversification?

given the different levels of correlation.

And I have that on a chart that keeps reminding me, okay, if you can get out to 15, you can get down to about, reduce about 80% of your risk without reducing your return.

That means that you increase your return to risk ratio by

by something like a factor of five, okay?

In other words, wow, so that means you can get the upside without having the downside, okay?

And then humility, you know?

I wanted people to kick the shit out of

whatever I thought, you know, to try to do that and then have that.

And that change in that approach was the basis of Bridgewater going from, you know, having to borrow $4,000 from my dad to the largest hedge fund, most successful hedge fund in the world.

Well, the way that I did it was every time I would make a decision, this is the building of all principles I did, but particularly in the markets.

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