Who is Ray Dalio?

Ray Dalio is the founder of Bridgewater Associates, known for his systematic, computer-coded approach to investing and his public commentary on markets and macroeconomics. As of July 2026, he discussed his personal portfolio allocation, market risk, and the importance of talent over capital.

• Jul 2026 - Dalio said he holds about 1% of his portfolio in Bitcoin, viewing it as a form of money that cannot be printed.
• Jul 2026 - Dalio noted that diversifying across 15 uncorrelated assets can reduce risk by about 80% without reducing returns.
• Jul 2026 - Dalio explained that he built Bridgewater by encoding decision-making rules into computer code for markets and other areas.
• Jul 2026 - Dalio said his bubble gauge indicates current market conditions are similar to 2000 and 1929, and that the next few years (3 to 10) may not be good for investments.
• Jul 2026 - Dalio emphasized that talent is more important than money, as money seeks out talented people.