Billionaire Ray Dalio Credits His Market Savvy to a Conversation He Had as a 12-Year-Old Golf Caddie

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Billionaire Ray Dalio Credits His Market Savvy to a Conversation He Had as a 12-Year-Old Golf Caddie
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Bridgewater Associates founder Ray Dalio credits the start of his investing career to a lesson he learned on a golf course in Long Island, New York, at age 12.

Dalio said listening to Leib and Stott launched his career – not because they taught him any particular lessons about the stock market, but because the success of his initial investment got him"hooked," prompting him to start learning more at a very young age.

"You think differently pre-puberty than you think after puberty," Dalio said."You learn differently. And [the] experiences… can have a very big effect. You can learn in a way that you can't learn later." Kids do appear to learn faster, or at least differently, than adults – though scientists have yet to confirm exactly why.

conducted by MIT scientists found that"a great deal of evidence suggests" children – especially below the age of 10 – have an easier time becoming fluent in a language and mastering grammar rules, but"underlying causes remain unknown."

 

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