‘Identify your weaknesses’- Billionaire shares his 'path to success'

Billionaire Ray Dalio has enjoyed enormous success and accumulated massive wealth during his career. He frequently shares his wisdom on a range of subjects concerning success in the business world on his Twitter account.

“The first step to tackling these impediments is getting them out into the open,” he added.

Ray Dalio is an American investor and hedge fund manager. He founded Bridgewater Associates in 1971, which was listed as the world’s largest hedge fund in 2013.

Between the years of 1991 and 2005, the company only lost money in three out of 14 calendar years.

The 71-year-old was born in New York and attended Long Island University and Harvard Business School.

According to Bloomberg, Dalio is the 119th richest person in the world, with an estimated net worth of $17 billion (£12.26 billion)

Dalio is viewed as one of the finance world’s great innovators, having popularised many practices which are now widely used.

Multiple publications have even dubbed Dalio as the ‘Steve Jobs of investing’.

He also predicted the 2008 global financial crisis, suggesting a year earlier that it was a possibility.

Time 100 listed Dalio as one of the 100 most influential people in the world in 2012, with Bloomberg Markets listing him as one of the 50 most influential people in 2011 and 2012.

His book, titled ‘Principles: Life & Work’ was published in 2017 and made The New York Times best seller list.

In March of the same year, Dalio stepped down as co-CEO of Bridgewater Associates.

Back in 2011, Dalio and vowed to donate more than half of his fortune to charity before the end of his life, joining Bill Gates and Warren Buffet’s pledge.

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