Ray Dalio to Meet with Budget Committee Chairman Arrington and GOP Members
WASHINGTON, D.C. – Today, Ray Dalio, founder of Bridgewater Associates, will be meeting with Republican Members of Congress led by Chairman Jodey Arrington (R-Texas) to discuss Dalio’s research on the history of debt crises and the broader implications of the United States’ ever-increasing $36 trillion national debt.
“Ray Dalio’s deep understanding of financial markets and the risks of unsustainable national debt will provide invaluable insight for House Budget Committee members and the Conference as a whole,” said Chairman Arrington. “It is imperative that members of Congress engage with thought leaders like Mr. Dalio, who have extensive, real-world experience that can help guide us as we work to restore fiscal sanity in Washington before it’s too late.”
“We are at a precarious time in what I call the Big Cycle, where there is a confluence of major forces playing out in a way that is similar to many times in history. One of those major forces is our county's growing debt burden which threatens our financial stability,” said Ray Dalio. “This is a session to explore the market and economic implications of different deficits and debt levels. I appreciate Chairman Arrington inviting me to share my perspective about market and economic dynamics as the Congress explores different paths at this critical moment.”
Background:
A global macro investor for more than 50 years, Ray Dalio founded Bridgewater Associates out of his two-bedroom apartment in NYC and ran it for most of its 50 years, building it into the largest hedge fund in the world under his leadership. Ray remains an investor and mentor at Bridgewater and serves on its board. He is now in a stage of life in which he wants to pass along and help people learn about principles that have helped him, especially in markets and the economy. He is a long-running New York Times bestselling author of Principles: Life and Work, Principles for Dealing with the Changing World Order, and Principles for Navigating Big Debt Crises and has a forthcoming book, How Countries Go Broke: The Big Cycle. He graduated with a B.S. in Finance from C.W. Post College in 1971 and received an MBA degree from Harvard Business School in 1973. He has been married to his wife, Barbara, for 46 years and has three grown sons and seven grandchildren. He is an active philanthropist.
