Ray Dalio grew up in New York City, and his dad was a jazz musician

Ray Dalio started his career as a golf caddy in Long Island

When Dalio was 12 years old, he worked as a golf caddy at the Links Golf Club. That's where he heard about the stock market for the first time and decided to invest in Northeast Airlines—the only stock he knew that was selling for less than $5 a share. Dalio ended up tripling his profit and became fascinated with the stock market—ultimately laying the foundation for his legendary career as a hedge fund manager.

Hear how Ray Dalio spends his time since he retired

Dalio emphasizes finding meaningful relationships, both in work and in life. After officially retiring from his hedge fund, Dalio says he spends his time learning, reading, and trying to mentor younger generations.

Ray Dalio and his wife signed Warren Buffett's Giving Pledge in 2011

That means Dalio and his wife, Barbara Dalio, committed to donating at least half of their net worth by the time they die. The couple also founded Dalio Philanthropies in 2003, with their main causes including advancing education and investing in ocean protection and research.

Despite being a 'C' student in high school, Ray Dalio got his MBA from Harvard

Ray Dalio frequently says he was a poor student in high school and barely got into college. However, Dalio has said that he succeeded in college because he got to pick classes that interested him, like finance and economics. Dalio went on to earn his Master's in Business Administration from Harvard University in 1973.

Read Ray Dalio's reflection on his son's death

One of Dalio's sons, Devon Dalio, died in a car crash in December 2020. In a LinkedIn post, Dalio said Devon's death triggered an enormous amount of pain and reflection.

Ray Dalio credits much of his success to his transcendental meditation practice

Dalio took up transcendental meditation after learning that The Beatles practiced it on a trip to India in 1968. He says the practice allows him to clear his mind, be more creative, and unlock his subconscious.

Ray Dalio argues that American capitalism is broken, citing economic factors like a growing wealth divide

Dalio also points to stalling income growth, weak healthcare systems, and poor educational outcomes when arguing that American capitalism needs serious reform. However, critics point out that Dalio has amassed a large fortune by running the world's largest hedge fund and question whether Dalio really wants economic reform.

As part of their donations to advancing education, Barbara and Ray Dalio have invested in Trump accounts

The Dalios have committed $250 per child to 300,000 children under 10 years old in Connecticut who live in ZIP codes where the median income is less than $150K—an expected total of at least $75M. The money is designated for "Trump Accounts," or investment accounts with $1K provided to children to put towards education or starting a small business.

Hear Ray Dalio's principles for navigating a changing world order

Dalio argues that there aren't new events in history, per se, and that people are taken by surprise by events because they just haven't happened in their lifetimes—not because they are actually novel.

Mark Zuckerberg's dad is a dentist—but he originally wanted to work with computers

Mark Zuckerberg grew up in Dobbs Ferry in Westchester County, about 25 miles north of New York City. His father, Ed Zuckerberg, owned a practice connected to Mark's childhood home, but he was always fascinated by computers. Ed's family was the first in his neighborhood to have a color television, and Ed was an early adopter of computing technology—something that he passed on to Mark. (Some users may experience a paywall.)

Greenwich, CT named June 4 'Ray & Barbara Dalio Day'

In 2025, the Town of Greenwich named June 4 "Ray & Barbara Dalio Day" in honor of the couple's long legacy of charitable contributions to the town. The couple has lived in Connecticut for more than 40 years.

Jazz was an integral part of the Harlem Renaissance

The Great Migration transformed New York City's Harlem neighborhood into the epicenter of Black American art, with artists such as Duke Ellington, Louis Armstrong, and Bessie Smith regularly performing. The music not only provided the backbeat to the cultural scene—it often influenced it, with Harlem Renaissance poets, in particular, inspired by jazz's approach to rhythm and improvisation.

Basquiat dropped out of high school at 15

Basquiat struggled with his father’s expectations of a white collar life for his son and floundered in school. He dropped out at 15 and left home at 17, living in various places. After finding success, he returned to his father’s home in a limousine and said, “Papa, I made it.”

Arthur Russell's avant-garde music spanned many genres

The classically trained cellist moved to San Francisco in the early 1970s, mingling with the hippie movement and the Beat Generation. After arriving in New York in 1973, he began exploring the nascent punk and disco scenes, infusing them with his classical training; however, his eclectic style might've been part of the reason he never broke through during his lifetime. That variety, though, is what draws so many devoted listeners to his work today.

John D. Rockefeller’s father was a well-known con artist

John D. Rockefeller was born to a man known as “Devil Bill” who made a living posing as a traveling doctor and selling fake herbal cures, and was also infamous for his storytelling and cons.

Estée Lauder's family ran a hardware store in Corona, Queens

Estée Lauder grew up organizing the storefront window of her father's hardware store, which her family lived above. Lauder was reportedly a natural salesperson, and her experience working with her father is frequently cited as her earliest business training.

At 18, Eleanor taught immigrant children in one of New York's poorest neighborhoods

After finishing school in London, Roosevelt returned to New York and volunteered at a settlement house on Rivington Street in the Lower East Side, working directly with immigrant families living in poverty.

Dylan was born Robert Zimmerman

The name change was just one facet of his self-created myth. From the moment he arrived in Greenwich Village’s folk scene, he was crafting tall tales about his life, including a claim that he'd spent the previous six years working for a carnival.

What is Silicon Alley?

The term "Silicon Alley" refers to an area in New York City once known for its high-tech startups, especially during the dot-com boom. Silicon Alley ran from New York City's Flatiron District through Soho to the Financial District. After the dot-com bubble burst, tech companies spread out through the rest of Manhattan and Brooklyn. Learn more about the area and how it compared to Silicon Valley in this article.

A story of upward mobility

What role did the neighborhood you grew up in have in shaping your economic opportunities? Author Aaron Williams tells a data story about migration, community, and returning to your roots.

CBGB, the breeding ground for punk, was intended to be a country bar

Ramones, Talking Heads, Television, Blondie, and many other bands got their start at CBGB. But its owner, Hillel “Hilly” Kristal, didn’t intend for it to be a punk rock venue. CBGB stood for “Country Bluegrass Blues,” though he included “OMFUG” (for “Other Music For Uplifting Gourmandizers”) on the venue’s marquee.

Watch a 1934 short film starring jazz legend Cab Calloway, a major figure in the Harlem Renaissance's music scene

Some of the youngest, wealthiest US suburbs are in Westchester County, New York

Those suburbs include Chappaqua and Scarsdale. Others outside Westchester include Winnetka, Illinois and Short Hills, New Jersey.

One baker is likely responsible for several of New York's earliest pizzerias

Filippo Milone established at least six pizzerias in New York, including one that would later be called Lombardi's, widely considered to be the city's (and the country's) first pizza establishment. Milone died in 1924, leaving no children to tell his story. Researcher Peter Regas unearthed a 1903 advertisement, pictured below, from an Italian-language New York newspaper.

See Salvador Dalí's art at MoMA

The Museum of Modern Art in New York City hosts some of Dalí's most recognizable works, including "The Persistence of Memory," pictured below, and its famous melting clocks. MoMA acquired the painting in 1934, after it became a sensation in 1932.

Quincy Jones' 'Big Band Bossa Nova' helped introduce bossa nova—a jazz-influenced Brazilian genre—to the US

In the mid-1960s, 'bossa nova' symbolized sophistication in the US

The success of several records, especially "Getz/Gilberto," led to a bossa nova craze in the United States, where it was perceived as an urbane, worldly status symbol. In response, marketers attached "bossa nova" to various products (including ice cream and sweaters) in an attempt to capitalize.

Salvador Dalí believed he was his own dead brother, who had died nine months before he was born

The word 'jazz' evolved from 'jasm,' 19th-century American slang for 'energy'

Warren Buffett's former professor Benjamin Graham is known as the 'father of value investing,' a strategy in which investors seek to buy stocks trading below their intrinsic worth.

Mid-century modern graphic designers, known for their bright colors and bold lines in advertising, also found success with children's books.

A researcher recently discovered an interview from 1967 between groundbreaking journalist Joan Didion and the Grateful Dead, years before the band became an institution.

'Saturday Night Fever,' the 1977 film that introduced disco to the mainstream, was based on a fabricated magazine story.

The 19th-century painters of the Hudson River School were among the first American romantics, with portraits that displayed the natural beauty of the young country.

The idea for the Federal Reserve was conceived in secret in 1910—with bankers donning duck hunt gear for disguise while traveling to a remote country club on Georgia's Jekyll Island

The name 'Silicon Valley' arose from the founding of Shockley Semiconductor Laboratory in Fairchild Semiconductor in 1956-57, founded near Stanford University in Palo Alto

A Yale student wrote a profound essay about the consulting industry's influence on elite college students that was published in a book of her writing after she died in a post-graduation car accident.

US housing costs have risen by roughly 175% between 1991 and 2026—but a growing number of Gen Zers are becoming homeowners anyway. In 2025, 4% of homebuyers were Gen Z, up from 3% the year before.

70 years ago today, city officials in Santa Cruz, California, banned rock 'n' roll to protect its youth from corruption after witnessing a 'provocative' concert the night before.

In recent years a child anxiety expert has created and tested a novel phobia and anxiety treatment approach for children, focused on changing how parents respond to the fears.

When a Paris department store hesitated to sell Estée Lauder's perfume, she 'accidentally' broke a bottle, causing the smell to spread throughout the store and shoppers to start asking to buy the scent.

In 1939, baseball star Lou Gehrig delivered his inspirational 'Luckiest Man' speech after retiring due to the health condition that now bears his name.

American dance legend Martha Graham, sometimes called 'the Picasso of dance,' refused to perform at the 1936 Olympics in Berlin and conceived the piece 'Chronicle' in response to the experience.

Dorothy's famous entrance into Oz in 'The Wizard of Oz' relied on analog tricks, including a body double and sepia-toned paint, as much as it did on technology

Explore an interactive map built from more than 100,000 survey responses on where people find joy in their lives

NBA superstar Victor Wembanyama spent the 2025 summer training with monks in central China to enhance his body and mind.

According to the physics of black holes, our 4D reality may be a hologram—a projection of information coded on a 2D surface on the edge of the universe.

Fish populations in the Great Barrier Reef have increased after installing waterproof speakers on the ocean floor that played recordings of sounds from healthy coral reefs.

See how Budweiser's famous Clydesdales spend their days at Warm Springs Ranch, where roughly 70 to 80 of the beer brand's giant horses can be found at any given time.

Domino's Pizza's 30-minute delivery guarantee was responsible for the chain's 1980s surge, but it was discontinued after the company was found liable for delivery driver accidents.