Ray Dalio: 1982 and the Birth of Principles

Podcast: Commercial Real Estate Investment Conference Podcast (CREIC) · Commercial Real Estate Investment Conference

Opublikowano: 2026-10-14

1982: Ray Dalio's moment of reckoning. Seven years of trading, conviction-based macro calls, one major failed forecast. Lost nearly everything. Borrowed $4,000 from parents to keep Bridgewater alive. Complete humiliation. The turning point: He stopped trying to predict the future. Instead, he built a system based on principles- rules about how markets actually work. Created All-Weather Portfolio: not traditional diversification (stocks + bonds), but true multi-scenario diversification. Stocks profit when growth accelerates. Bonds profit when deflation hits. Commodities profit when inflation spikes. Gold profits during currency crises. The portfolio doesn't care which outcome happens- it wins in all of them. By removing...