|Ray Dalio and Bob Prince: |
It’s a way of thinking that is different
(Photographs by Michael Edwards)
By Michelle Celarier & Lawrence Delevingne
Ray Dalio doesn’t want to talk about himself. His face is drawn, the loss of weight aging the 61-year-old. Dressed down in corduroys and an open-neck dark blue shirt, Dalio leans intently across the table, narrows his eyes and insists that the world’s largest hedge fund firm, with $87 billion in assets, is bigger than the man who started it more than 35 years ago.
“It’s not about me,” he says brusquely.
But Bridgewater is Dalio. An enigmatic character whose economic insights are pored over by central bankers across the globe, he famously started the firm at age 25. Now Dalio, who is president, chief executive and chief investment officer of Bridgewater, is starting to pull back. Last year he sold 20% of his and...