Ray Dalio, the Bridgewater Associates billionaire, transcendental meditator, and human behavioral tinkerer, has learned some things over his four-odd decades in the hedge-fund business. These things have made him one of the richest men in the world, with a net worth estimated at $13 billion, and a trusted adviser to leaders in government and business.
Now Dalio wants to impart his money-making knowledge to the rest of us, in the form of a 30-minute (actually 31, but who’s counting?) YouTube tutorial. It’s all very simple, you see.
In the quirky, animated video, Dalio explains his theory of a “beautiful deleveraging” — the part in an economy’s life cycle where austerity, central bank money-printing, and debt restructuring all take place in tandem, leading to slow but sustained growth and a gradual, controlled rise in inflation. (It’s the part we’re in now.) It takes him a while to get there, but then again, he’s giving out 40 years of wisdom.
Set aside half an hour to watch Dalio below, and then get to starting your own $140 billion hedge fund using what you’ve learned. Results not exactly guaranteed, but you’ll never know unless you try.