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Ray Dalio

A READING GUIDE · Diversification

Bridgewater founder Ray Dalio helped develop the All Weather approach. Bridgewater’s account of its origins describes balancing exposures to different economic conditions, especially changes in growth and inflation, rather than relying on a single forecast.

The connection to FIRE

Our FIRE connection: ask which assumptions your income, assets, and desired lifestyle share. A household can own many investments and still depend heavily on one employer, one industry, or one economic environment.

The useful tension

An institutional strategy can involve leverage and instruments that add costs and complexity. A FIRE calculator cannot reproduce All Weather or establish a suitable asset allocation. Borrow the questions about dependence; investigate implementation separately.

Which parts of my financial life could come under pressure at the same time?

Start with the source

Take the idea into your own plan.

An independent reading guide by FireFolio, published September 20, 2026. These are our FIRE connections, not a claim that the writer supports every idea in the movement. No affiliation or endorsement. Educational material, not individualized investment advice.