http://www.marketwatch.com/story/to...rand-behavioral-psych-2011-09-27?pagenumber=1 After reading the above story, he's quite a character, no ? In a March 2011 Barron's interview, http://online.barrons.com/article/S...671576180048.html#articleTabs_panel_article=2 he was bearish bonds. That was way too premature. Still, he called for a 4th quarter 2011 slow-down which proved to be prescient. Is this guy a prick, genius, or both ?
better article, as to your question, who cares if you are an investor? http://www.newyorker.com/reporting/2011/07/25/110725fa_fact_cassidy?currentPage=all
"After graduating, Dalio went to Harvard Business School, where he traded commoditiesâgrains, oil, cotton, and so onâfor his own account. Not long after leaving Harvard, he landed at Shearson Hayden Stone, the brokerage firm run by Sanford Weill. Dalio worked in the commodity-futures department, advising cattle ranchers, grain producers, and others on how to hedge risks. (The horns of a longhorn steer, the gift of some California ranchers, are mounted behind his desk.) On New Yearâs Eve in 1974, Dalio went out drinking with his departmental boss, got into a disagreement, and slugged him. About the same time, at the annual convention of the California Food & Grain Growersâ Association, he paid an exotic dancer to drop her cloak in front of the crowd. After being fired, he persuaded some of his clients to hire him as a consultant and founded Bridgewater, operating it out of his two-bedroom apartment. He was twenty-six years old." what's not to like?
He sounds like a misfit in the CW of the financial industry and the agricultural and beef industry as well, The geniuses of both are not in his league at all. Too bad for him. After many years working with growers and feeders, I find the leaders to be very common sensical and they do not use input from people whose orientation is betting and hedging. Havard probably doesn't produce much from its raw recruits comparably speaking. Why did he even go to Harvard?
Good question and it was likely only because he could afford to go there. Apparently this guy has a pattern of thinking that is contrary.....and that is why he can garnish those huge returns.
or he went to Harvard for connections " its not what you know, rather who you know". Perhaps going to Harvard afforrded him his job where he made the connections to go on his own.