On Ray Dalio’s ‘Principles’

Nicholas Vardy

Nicholas Vardy has a unique background that has proven his knack for making money in different markets around the world.

The U.S. stock market closed a mixed week.

The S&P 500 closed the week flat. The Nasdaq fell 0.29%, while the Dow Jones eked out a 0.98% gain. Global markets continued their strong run as the MSCI Emerging Markets Index rose 0.90%.

Mohnish Pabrai’s Fiat Chrysler Automobiles N.V. (FCAU) jumped yet another 4.34%. This position is up a remarkable 46.99% since my Aug. 11 recommendation.

Berkshire Hathaway (BRK-B) hit a new record high after rising 2.83%. JPMorgan has put a $210 target price on the stock. Bill Ackman’s bet on Restaurant Brands International (QSR) also rose 2.40%. Carl Icahn’s PayPal Holdings (PYPL) gained 2.03%.

Seven of your positions — PayPal Holdings (PYPL), Restaurant Brands International (QSR)Liberty Broadband Corporation (LBRDK), Fiat Chrysler (FCAU), Baxter International (BAX),  Berkshire Hathaway (BRK-B) and the Vanguard FTSE Emerging Markets ETF (VWO) — boast double-digit-percentage gains. PayPal is now up over 56%.

Portfolio Update

Kraft Heinz (KHC), The Priceline Group (PCLN), Liberty Broadband Corporation (LBRDK), BlackBerry (BBRY) and The St. Joe Company (Joe) are all trading below their 50-day moving averages and are currently HOLDs.

I recently listened to a podcast interview with Bridgewater’s Ray Dalio, who invested in the Vanguard FTSE Emerging Markets ETF (VWO).

The interview is part of Dalio’s virtual tour for the publication of his new book: Principles: Life and Work. You can listen to the interview by clicking here

In the interview, Dalio cements his reputation as a bit of an oddball. Dalio embraces a principle of “radical honesty,” which he implements at Bridgewater.

Exclusive  Eagle Eye Opener: Global Indexes Rise on Good News in China and Europe; UBS Fined $1 Billion in Libor Scandal; BMW Outperforms Mercedez

As a random fact, I have since found out that former FBI Director James Comey worked at Bridgewater. He lasted three years.


Nicholas Vardy

Nicholas A. Vardy

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