Budapest Post

Cum Deo pro Patria et Libertate
Budapest, Europe and world news

Billionaire Ray Dalio speaks out about 'journey and reflections' following son's sudden death

Billionaire Ray Dalio speaks out about 'journey and reflections' following son's sudden death

Billionaire hedge fund founder Ray Dalio is speaking out about his “journey and reflections” following the tragic sudden death of his adult son, Devon.

Dalio shared the missive in a LinkedIn article on Wednesday, 13 days after his 42-year-old son, Devon, died in a fiery crash at a Greenwich, Conn., shopping center. He also shared the post to his more than 562,000 Twitter followers.

“In appreciation for the kindness and wisdom that you and others passed along to me, I will pass along what it was like for me in the hope that doing that might help you or others,” the co-chief investment officer and co-chairman of Bridgewater Associates wrote. “At first losing Devon was worse than losing a part of myself, which was made more painful by my seeing the pain that it was causing my family members. With time, a lot of reflection, and several perspectives of others who went through similar journeys, my perspective has evolved a lot.”


Police said late last month that Devon Dalio was driving a 2016 Audi around 3:50 p.m. on Dec. 17 when the car mounted the curb and careened into the front of a Verizon store, coming to a stop after traveling completely into the shop. The vehicle and the store became engulfed in flames and Dalio could not be saved.

Greenwich Police have since released scant information in the case, other than that investigators have identified and are interviewing witnesses and analyzing evidence collected from the singed crime scene.

The police department is awaiting autopsy results from the Connecticut Office of the Chief Medical Examiner and fire marshals are investigating the fire. A police spokesperson previously told Fox News it was not yet clear if Devon Dalio had any known history of medical conditions.

Ray Dalio – famous for his “principles” and sharing lessons learned through the years with his following – said in his Wednesday letter he has learned that everyone grieves differently and there is no right or wrong approach. He said in the days after his son's death he tried “be free of all thoughts and obligations” and help others experiencing similar struggles.

“I gave myself unlimited time and space to do that,” he said. “Because my family is very close to me and each other, we went through this, and are continuing through this, as a shared experience. We each brought what we each had - our different memories, ways of seeing things, and preferences related to the life of Devon and what we should do in the future.”

Losing Devon, he said, “triggered an enormous amount of pain and reflection” that his past experiences with death and mourning did not prepare him for.

“In the first few days it was very painful and confusing,” he said, describing how he worked to process his thoughts and emotions. “Of course we focused on Devon - our memories of him which brought up tears at first and then laughs about memories. While early on we focused on the past, including irrelevant unanswered questions and regrets, we naturally evolved to thinking about the future, focusing on what we should do for him and taking the lessons that we learned to make it as good as it can be.”

Reading messages of support and condolences from people who knew his son “made a huge difference,” and friends from different backgrounds, cultures and religions were able to expand his mind to different perspectives, he said.

“There is still a painful void and probably will be for some time, but there is also a lot of joy,” he continued. “We walked where he walked and visualized him being there with us and we watched a couple of his favorite movies including comedies so we laughed with him. In doing these things I realized that we shouldn’t be so focused on the now. That life is like a movie and what we are seeing now is just the latest episode.”

Ray Dalio, who is married and has three other children, thanked his followers and said he doesn’t plan to speak publicly about Devon’s death moving forward. As of Friday, his message had received more than 5,000 likes and nearly 500 comments.

Devon Dalio was a married father of one. He co-founded P-Squared Management Enterprises, a Greenwich-based private equity firm, the Greenwich Sentinel reported. His past included working at Bridgewater Associates and serving as co-CEO of the Dalio Family Office. He also served as a Dalio Foundation board member.

AI Disclaimer: An advanced artificial intelligence (AI) system generated the content of this page on its own. This innovative technology conducts extensive research from a variety of reliable sources, performs rigorous fact-checking and verification, cleans up and balances biased or manipulated content, and presents a minimal factual summary that is just enough yet essential for you to function as an informed and educated citizen. Please keep in mind, however, that this system is an evolving technology, and as a result, the article may contain accidental inaccuracies or errors. We urge you to help us improve our site by reporting any inaccuracies you find using the "Contact Us" link at the bottom of this page. Your helpful feedback helps us improve our system and deliver more precise content. When you find an article of interest here, please look for the full and extensive coverage of this topic in traditional news sources, as they are written by professional journalists that we try to support, not replace. We appreciate your understanding and assistance.
Newsletter

Related Articles

0:00
0:00
Close
U.S. and Hungarian Officials Talk About Economic Collaboration and Sanctions Strategy
Technology Giants Activate Lobbying Campaigns Against Strict EU Regulations
Pope Francis Admitted to Hospital in Rome Amid Increasing Speculation on Succession
Zelensky Calls on World Leaders to Back Peace as Tensions Rise with Trump
UK Leader Keir Starmer Calls for US Security Guarantee in Ukraine Peace Deal
NATO Chief Urges Higher Defense Expenditure in Europe
The negotiation teams of Trump and Putin meet directly, establishing the groundwork for a significant advancement.
Rubio Touches Down in Riyadh Before Key U.S.-Russia Discussions
Students in Serbian universities Unite to Hold Coordinated Protests for Accountability.
US State Department Removes Taiwan Independence Statement from Website
Abolishing opposition won't protect Germany from Nazism—this is precisely what led Germany to become Nazi!
Transatlantic Gold Rush: Traders Shift Bullion in Response to Tariff Anxieties and Market Instability
Bill Ackman Backs Uber as the Company Shifts Towards Profitability
AI Titans Challenge Nvidia's Supremacy in Light of New Chip Innovations
US and Russian Officials to Meet in Saudi Arabia Over Ending Ukraine Conflict. Ukraine and European leaders – who profit from this war – excluded from the negotiations.
Macron Calls for Urgent Summit as Ukraine Conflict Business Model is Threatened
Trump’s Defense Secretary: Ukraine Won’t Join NATO or Regain Lost Territories
Zelensky Urges Europe to Bolster Its Military in Light of Uncertain US Backing
Chinese Zoo Confesses to Dyeing Donkeys to Look Like Zebras
Elon Musk is Sherlock Holmes - Movie Trailer Parody featuring Donald Trump's Detective
Trump's Greenland Suggestion Sparks Sovereignty Discussions Amid Historical Grievances
OpenAI Board Dismisses Elon Musk's Offer to Acquire the Company.
USAID Uncovered: American Taxpayer Funds Leveraged to Erode Democracy in Europe Until Trump Put a Stop to It.
JD Vance and Scholz Did Not Come Together at the Munich Security Conference.
EU Official Participates in Discussions in Washington Amid Trade Strains
Qatar Contemplates Reducing French Investments Due to PSG Chief Investigation
Germany's Green Agenda Encounters Ambiguity Before Elections
Trump Did Not Notify Germany's Scholz About His Ukraine Peace Proposal.
Munich Car Attack Escalates Migration Discourse Before German Elections
NATO Allies Split on Trump's Proposal for 5% Defense Spending Increase
European Parliament Advocates for Encrypted Messaging to Ensure Secure Communications
Trump's Defense Spending Goal Creates Division Among NATO Partners
French Prime Minister Bayrou Navigates a Challenging Path Amid Budget Preservation and Immigration Discourse
Steering Through the Updated Hierarchy at the European Commission
Parliamentarian Calls for Preservation of AI Liability Directive
Mark Rutte Calls on NATO Allies to Increase Defence Expenditures
Dresden Marks the 80th Anniversary of the World War II Bombing.
Global Community Pledges to Aid Syria's Political Transition
EU Allocates €200 Billion for AI Investments, Introduces €20 Billion Fund for Gigafactories
EU Recognizes Its Inability to Close the USAID Funding Shortfall Due to Stalled US Aid
Commission President von der Leyen Missing from Notre Dame Reopening Due to Last-Minute Cancellation
EU Officializes Disinformation Code for Online Platforms, Omitting X
EU Fails to Fully Implement Key Cybersecurity Directives
EU Under Fire for Simplification Discussions Regarding Corporate Sustainability Reporting
Shein Encountering Further Information Request from the EU During Ongoing Investigation
European Commission Initiates Investigation into Shein as It Aims at Chinese E-Commerce Regulations
German Officials Respond to U.S. Proposal for Peace Talks with Russia
Senate Approves Robert F. Kennedy Jr. as Secretary of Health and Human Services.
Trump and Putin Engage in Discussions on Ukraine Peace Negotiations Amid Worldwide Responses
Honda and Nissan End Merger Talks
×