Ray Dalio's Early Investment Journey

Ray Dalio's journey into investing began at a young age, sparked by his experiences caddying during the hot stock market of the 1960s. His first stock purchase was in Northeast Airlines, which he selected primarily based on its low share price, not knowing of its impending bankruptcy. This venture was a turning point for him, as the airline was acquired shortly after, leading to a significant increase in its value and reinforcing his belief in the potential profitability of investing. Dalio’s early adventures in stock trading evolved into a deeper interest in commodities and eventual professional roles that shaped his investment philosophy and career trajectory.