MBG Markets-12Started trading at the age of,33Bankruptcy at the age of, now in charge1600USD100mn

I don't know if anyone has read 'Principles'（Principles）This book? This book was particularly popular for a period of time. During the epidemic, Datong FinancialMEXThe editor flipped out this book and read it again.

The author of this book, Ray Dalio, was born into an ordinary middle-class family in Long Island, New York. His father was a professional jazz musician and his mother was a homemaker, but Dalio relied on his love for stocks and investments to26At the age of, he started from scratch and founded Bridge Water Company.

after43Year's development, Bridge Water Company（Bridgewater Associates）Dalio has become the number one hedge fund company and has also been selected as one of Time magazine's world's top hedge fund companies100The most influential figure and ranked among the world's top on Forbes100In the ranks of the wealthy, the industry even compares him to"Steve Jobs in the investment industry"。

What is his investment path? Now, follow closely with Datong FinancialMEXLet's take a look at the steps of the editor together.

01prodigy

In fact, he was already a successful investor when he was a child.

1960In the early years, Dalio12At that time, he was working as a caddy on a golf course and earning some money. He originally only wanted to use the money"Money makes money"And coincidentally, everyone he knew was talking about the stock market.

Dalio earned himself as a caddy300We bought all the dollars from Northeast Airlines. And this airline company1972Acquired by Delta Air Lines in the year.

The reason why he bought the stock is very childish! Firstly, it was mentioned by golfers that"Listen to the news"Heard it; Secondly, it was because this stock was very cheap at the time and was one of the few affordable shares he knew of.

Due to the hot stock market, although the reasons for entering the market are childish, they are all profitable! From then on, Dalio embarked on the path of trading and investment.

02 33Bankruptcy at the age of one

Dalio's investment journey is by no means smooth sailing33At the age of, he went bankrupt due to trading and became penniless.

1982In, the sudden drop in oil prices caused a significant depreciation of the Mexican peso, which in turn pushed up interest rates and led to the collapse of the country's economy. In8In the month, the Mexican finance minister declared that Mexico cannot repay800Billion dollar debt, among which200100 million to300Billion dollars belong to the US banking industry.

Dalio was thinking that the US economy and stock market would definitely plummet, but the result turned out to be a surge! The main reason is that1982year8In January, the Federal Reserve immediately lowered the discount rate to save the market, and Dalio's desperate decision resulted in a crushing defeat.

After bankruptcy, Dalio lost all his wealth and became penniless. However, he quickly picked himself up and did not give up on himself. Instead, he regarded this moment as the best classroom in his life. From then on, when he made every judgment, he not only understood what he knew, but also searched for what he didn't know, so that he could do enough hedging and diversify his investments.

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03 Investment Gurus

In fact, it caused Dalio to be"Apotheosis"It is not only the establishment of a successful fund, but also the precise prediction and stable performance demonstrated by Bridgewater in multiple economic crises:

——1987 year 10 month 19 The famous New York Stock Exchange"Black Monday"At that time, when the vast majority of people were standing on the rooftop of the New York Stock Exchange building, Bridgewater Fund received a high reward 22 %The profit, according to Wall Street media, is"October Hero"。

——2008The annual financial crisis resulted in average losses in the hedge fund industry19%In this situation, Bridgewater still receives positive returns and2009Jumping to the top of its industry in the United States.

——2016Soros, the investment guru of the year, suffered losses in annual returns10Billion dollars, Paulson loses30At billions of dollars, the annual revenue of Bridgewater reaches49Billion US dollars, ranking first among the top 20 hedge funds in the world.

Dalio attributed these performances to his principles（Principles）。"The most crucial factor for my success is principle."

Since the last century80Since the beginning of the era, Dalio has been recording and summarizing the trading logic of every investment. Later, he wrote these rules into computer language and inputted them into data for processing to improve the efficiency of investment decisions. It was also during this process that the famous Bridge Water was born"24/7 trading strategy"（All Weather StrategyA asset allocation strategy that adapts to all economic environments based on economic activity and price levels, and gradually grows into the world's most profitable hedge fund.

04 principle

Dalio mentioned in "Principles" that he regards life as a game.

That is to say, every difficulty and challenge no longer scares him. When difficulties arise, he becomes excited because it is an excellent opportunity to upgrade his combat power.

Many people easily give up when faced with challenges due to fear, but if you treat life as a game of leveling up and defeating monsters, you will have more courage to take the initiative to challenge things that you are unsure if you can do.

If you view life as a constantly evolving game, all difficulties may bring pain, but it is a test of whether you can enter a more advanced gaming field. If you can treat difficulties as a test before upgrading, rather than the pain bestowed by life, you will have more subjective initiative and be able to actively accept and overcome these difficulties.

Difficulties and pain are not meaningless. If you can endure pain and overcome difficulties, you can go to higher-level gaming fields, challenge higher-level situations, and solve more complex problems.

Just like Shakespeare said, life is a stage, and all the men and women in the world are just actors. Life is indeed a game of rich experiences, with each exciting plot staged to allow us to experience failure, pain, reflect on setbacks, and ultimately achieve psychological and personal sublimation and evolution.

Dalio believes that in doing things, as long as one follows"Attempt → Failure → Learning → Improvement"This cycle, executed endlessly, can lead to an ideal life. This process may seem simple, but it is not easy to thoroughly practice it! Based on Dalio's life experience and work methods, Datong FinancialMEXThe editor believes that you can also get to know yourself, think carefully about how to solve problems, and how toforeign exchangeThe market is invincible.

Success has a way, whether it's stocks or foreign exchange, the investment path is the same.