* Photo credit : Ray Dalio Blog . In our second installment of " Lessons from Hedge Fund Market Wizards ", we'll offer up some trading and macroeconomic insights pulled from Jack Schwager's interview with Ray Dalio of Bridgewater Associates. You've probably heard of Ray Dalio if you have even a cursory knowledge of the hedge fund industry (or the Forbes billionaires list), so let's get right to it. These notes will fill in the rest of the story. 1) . Dalio is the founder and former CEO (now "mentor") of Bridgewater Associates, a fund that has returned more money ($50 billion) for investors than any hedge fund in history. 2) . Bridgewater still manages to achieve excellent returns on a huge base of capital and has done so over a long period of time. It is among the few hedge funds with a 20-year track record. 3) . Dalio believes that mistakes are a good thing , as they provide an opportunity for learning. If he could figure out what ...
A trader's view of the stock market and emerging financial trends.