Bridger PenningtonFund Launch & Investment Expert

This Billionaire Told Me.. | Bridger Pennington

31 Oct 2023 · 1 min

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Bridger Pennington shares advice from billionaire Ray Dalio on managing risk without trying to predict the future. Dalio recommends diversifying your portfolio to eliminate roughly 80% of risk, a principle that shaped how Pennington invests his own money.

This billionaire told me, he who invests with the crystal ball is destined to be crowned last. And what he said was, none of us have a perfect crystal ball, but you can diversify away about 80% of your risk without hurting your returns. Now, this billionaire was Ray Dalio. I was actually with him just a few weeks ago, and face to face, he was talking about this concept of diversifying away risk and not betting on the crystal ball. He's done this throughout his whole career, and it's helped him and actually helped my portfolio as well.