Ray Dalio's template to guide his global macro investing

Ray Dalio is founder of the world's largest hedge fund, Bridgewater Associates.

The firm is also known for its unique culture, and is currently 'improving efficiencies' in some of it businesses (laying off some employees)

Here is an interesting weekend read on what Dailo describes as his simple, 'unconventional template' he uses to to guide his global macro investing. It's the full text of a speech he gave at the Federal Reserve Bank of New York's 40th Annual Central Banking Seminar in early October this year.

• We try to put ourselves in the shoes of the major buyers and sellers to understand what they are doing and why, and then project what they will do.