Dalio was born in the Jackson Heights neighborhood of New York City’s Queens borough.
When he was 8, the family moved from Jackson Heights to Manhasset in Nassau County, New York. He is the son of a jazz musician, Marino Dalio (1911–2002), who “played the clarinet and saxophone at Manhattan jazz clubs such as the Copacabana,” and Ann, a homemaker.
As a child, Dalio had various odd jobs, including mowing lawns, shoveling snow, and a paper route. He is of Italian descent.
At age 12, he started caddying at The Links Golf Club, which was walking distance from his childhood home.
He caddied for many Wall Street professionals during his time there, including Wall Street veteran George Leib.
Leib and his wife Isabelle invited Dalio to their Park Avenue apartment for family dinners and holiday gatherings.
He began investing at age 12, when he bought shares of Northeast Airlines for $300 and tripled his investment after the airline merged with another company.
By the time he reached high school, he had built up an investment portfolio of several thousand dollars.
He received a bachelor’s degree in finance from Long Island University (C.W. Post College) and an M.B.A. from Harvard Business School in 1973.
In this video, Dalio talks about why he never3 liked school education. He says he was a failing student in high school but then manage to be the top one in college.
Source: Finance Jane
