Sometimes in life, you need a little luck.
Ray Dalio’s golden ticket was caddying at his local golf course, where he’d carry the golf bags of Wall Street professionals.
He’d listen to the conversations and sometimes even get invited to dinners. It resulted in him making his first-ever investment in Northeast Airlines for $300, which tripled in price after the airline merged with another company.
Adjusted for inflation, $300 was the equivalent in purchasing power to about $2,978.01 today. It was 1961, and he was 12 years old.
From that moment, Dalio became hooked on investing.
He’s now the World’s Best Hedge fund manager, with a reported net worth of $19.1 Billion. He founded a hedge fund from his two-bedroom apartment, which is now the largest hedge fund in the world.