你可能会问，戴利奥是谁？

You might ask,Who is Mr Daly?

　　一句话回答你吧——全球最赚钱的对冲基金经理，没有之一。

A word answer you! - one of the world's most profitable hedge fund manager,No one.

　　经历了近几年艰难世道的考验之后，戴利奥(Ray Dalio)所掌管的布里奇沃特（Bridgewater）公司，其业界地位正在逼近巴菲特的伯克希尔公司。

Experienced in last few years the test of the difficult after,Daly Mr(Ray Dalio)Over which bridgewater(Bridgewater)The company,The industry status is approaching buffett's Berkshire.

　　布里奇沃特公司目前管理了约1200亿美元资产。2011年，在对冲基金业整体亏损的情况下，戴利奥仍取得了约20%的辉煌成果。因为出色表现，他个人当年约获得了40亿美元收入，称霸全球对冲基金界。

Bridgewater the company management for about $120 billion of assets.In 2011,,In the hedge-fund industry under the condition of the whole loss,Mr Daly still achieved about 20% of the brilliant achievements.Because of the outstanding performance,His personal about that won the $4 billion in revenue,Seek hegemony global hedge funds boundary.

　　更令人瞩目的地方则在于——在过去20年里，戴利奥的旗舰基金、现有资产超过380亿美元的Pure Alpha 基金，年均回报率达到15%——安然度过20世纪90年代爆发的亚洲金融危机、网络泡沫破裂、911恐怖袭击和当前的全球金融危机，没有一年的亏损超过2%。

The more remarkable place lies in, in the past 20 years,Daley's flagship fund/The existing assets of more than $38 billion of Pure Alpha fund,With an average annual rate of return up to 15% - come through in the 1990 s the outbreak of the financial crisis in Asia/Network bubble burst/911 terrorist attacks and the current global financial crisis,No one year of losses of more than 2%.

　　这是个神一样的成绩。

This is a god the same result.

　　那么，戴利奥是谁？ so,Who is Mr Daly?

　　戴利奥在纽约长岛长大，父亲是爵士乐手，他是家里的独子。尽管他父亲会吹单簧管、短笛、长笛和萨克斯管，但他从来没有耐心学习任何乐器。而在很小的时候，他就表现出了与巴菲特的有趣共同点——在附近的高尔夫球场里当球童。

Daly he grew up in long island, New York,Father is a jazz musicians,He is the only son of home.Although his father will be blowing clarinet/piccolo/The flute and the saxophone,But he never patience learning any musical instrument.And at a very young age,He showed and buffett's interesting in common - in the golf course near the caddie.

　　从长岛大学毕业后，他在哈佛商学院获得MBA学位，随后从事了数年的大宗商品交易工作。在此期间，他用自己的钱做投资，并且开始积累交易“决策规律”，起先是记在笔记本里，后来储存到电脑里。

From long island after graduation from the university,He in the harvard business school MBA degree,Then was engaged in years of commodity trading work.During this period,He USES his own money to invest,And began to accumulate trading"Decision rules",At first is written in a notebook,Then stored into the computer.

　　请注意这些“规律”，在此我先留个伏笔。

Please note that these"law",In this first I leave a foreshadowing.

　　戴利奥身高6英尺，体格健壮。他的办公室到处挂着妻子和四个孩子的照片，窗外可以看到从林地横穿而过的索格塔克河。他还是全国鱼类和野生动植物基金会理事会成员，酷爱钓鱼和弓箭狩猎。

Mr Daly is six feet tall,well-built.His office hanging around his wife and four children photos,The window can see from the forest land across the SuoGe tucker river.He was the fish and wildlife fund council members,Fond of fishing and hunting arrows.

　　如今他的一个习惯与乔布斯有异曲同工之妙——他每周要打坐五次左右，每次20分钟。他认为此举可以保持头脑活跃、富于创意。

Now one of his habits and jobs with the same purpose of the wonderful - his weekly to meditation about five times,Every 20 minutes.He thinks that it can keep the mind active/innovative.

　　至于哲学观念，戴利奥说，自己是一个“极度现实主义者”。

As for the philosophy concept,He says Daly,Himself is a"Extreme realist".

　　他迫切想了解主导世界运转的那些真正规律，同时又不夹杂主观的价值判断。

He has a strong desire to dominate the world understand the real operation rule,At the same time not inclusion subjective value judgment.

　　这让我想起另一位投资大家查理·芒格先生。他最为强调的，也正是“基于现实的模型”。并认为，只有认清事物真相并且找到背后真实的原因，才是投资和人生的成功之道。

This reminds me of another investment you Charlie munger sir.He the most emphasis,is"Based on a model of reality".And think,Only when we grasp the truth behind things and find out the real reason,Is the investment and life success.

　　戴利奥的同事，布里奇沃特投资公司联合首席投资官之一，50岁出头的鲍勃·普林斯评价他说，“我觉得，他与众不同的地方是，他不能容忍不充分的回答。他会一层一层地剥掉外皮，找到关键的真相。”

Daley's colleagues,Bridgewater investment company joint is one of the chief investment officer,50 s Bob tayshaun prince evaluation he said,"I think,He is others' to the larruping places,He can't tolerate not sufficient answer.He will be a layer to strip off skin,Find the truth of the key."

　　而这一核心要义也反映在戴利奥最得意的作品中。

And the core meaning also reflected in Daly Mr The most satisfied work.

　　一份85页、概述295项原则连同67条补充脚注，名为《原则》（PRINCIPLES）的小册子已经修订到了第六版。

A 85 - page/Overview 295 principles with article 67 supplementary footnotes,called[principle](PRINCIPLES)The booklet has revised the sixth edition.

　　你能猜到前三条是什么吗？

Can you guess what is the preceding three articles?

　　1、相信真相。

1/Believe in the truth.

　　2、坚信真相没什么可怕的。

2/Believe that the truth nothing terrible.

　　3、创造一个环境，让人人都有权利知道真相。

3/To create an environment,Let everyone have the right to know the truth.

　　这是极度现实的戴利奥。对真相的探求让他成为全球最赚钱对冲基金经理，没有之一。

This is extremely realistic Daly Mr.The search for truth, let him to become one of the world's money hedge fund manager,No one.