Ray Dalio established Bridgewater Associates in 1975 from his two-bedroom New York City apartment. Forty years later, Bridgewater has generated more profits for its clients than any other hedge fund in history and, according to Fortune magazine, has become the fifth most significant private firm in the United States. In Time magazine’s list of the 100 most influential individuals in the world, Dalio has been included. The extraordinary success of Bridgewater’s culture is a result of a set of distinctive values that Dalio uncovered along the road. He refers to this culture as “an idea meritocracy that aspires to generate meaningful work and meaningful relationships through extreme transparency.”
