World’s Most Powerful Hedge Fund Manager Tells Investors How They Should Set Up Their Portfolios

Hedge fund god Ray Dalio, who runs Bridgewater Associates, is widely considered to be the most successful hedge fund manager in the world.  He recently sat down with CNBC’s Maria Bartiromo to discuss a variety of topics at the Council on Foreign Relations and he had some advice for the average investor.

During the hour-long discussion, Bartiromo asked Dalio about portfolio allocation in terms of gold versus equity versus real estate and other asset classes.

Reported by Julia La Roche, here’s his advice that we’ve transcribed: (emphasis ours)

First, Dalio explains what you need to think about when setting up a portfolio.  The key here is asset allocation.

“So I think I’m going to answer it in the following way that I think that is the right way for people to look at it. It’s the way I look at it. I think that the first thing is you should have a strategic asset allocation mix that assumes that you don’t know what the future is going to hold.  And I think most people should…”

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