Insider Monkey

What Ray Dalio Is Doing These Days? – Top 10 Stock Picks in 2023

Siraj Sarwar
13 min read

In This Article:

In this article, we examined what Ray Dalio is doing these days and what he thinks about global markets. We also reviewed Dalio's top 10 stock picks in 2023. You can skip our detailed discussion about Ray Dalio and jump directly to the Ray Dalio's Top 5 Stock Picks.

After stepping down from official roles last year, Bridgewater Associates founder Ray Dalio is pursuing his passions and seeking to transfer his wisdom in various ways to help others succeed. He begins each day by closely monitoring the markets and spends 6 to 8 hours per day conducting research, which he refers to as "digging." The legendary investor, who founded Bridgewater Associates in his two-room apartment and grew it into one of the largest investment management firms with approximately $195 billion in assets under management, also frequently appears on news channels and YouTube videos. He also remains active on active on Twitter and other social platforms to present his stance on economic, political, and other global challenges. 

Although he stepped down as co-chief investment officer last year and no longer participates in day-to-day matters to pursue his passions, he still has a significant influence on Bridgewater's investing decisions. He is still on the operating board and serves as the investment committee's mentor. His ability to predict future market movements due to his strong understanding of macroeconomics and global world order has helped his firm make money over the last five decades. He had predicted the 2008 financial crisis as early as 2006. As his firm was well prepared for the impending financial crisis, its flagship Pure Alpha strategy was up 8.7% after fees in 2008. Besides that event, Dalio's firm has a history of making noteworthy moves. In 2022, his firm built over $10 billion in short positions in European stocks because of the effects of Russia's invasion of Ukraine. Furthermore, in 2018, his firm opened $22 billion worth of short positions in Europe and made a $14 billion bet against European stocks in 2020. 

Most recently, following his visit to China in April 2023, the American billionaire published a LinkedIn post about China-US tensions. He advised the world's two largest economies to maintain good political and trade relations because he believed even the prospects of war would be a drag on markets and global economic activity. However, he also warned that both countries are on the verge of war: 

What I mean when I say that the US and China are on the brink of war is that it appears that they are close to having a sanctions war and/or military war that neither side wants but many believe will probably happen because a) each side is very close to the other’s red lines, b) each side is using brinksmanship to push the other at the risk of crossing each other’s red lines, and c) politics will probably cause more aggressive brinksmanship over the next 18 months. I want to emphasize that by saying that they are on the brink, I don’t mean to say that they will necessarily go over the brink. I mean to say that they are very close to crossing red lines that, if crossed, will irrevocably push them over the brink into some type of war that damages these two countries and causes damage to the world order in severe and irrevocable ways—like Russia’s invasion of Ukraine did for Russia and the world, just much bigger. 

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