Dalio Tells student to stop studying, and start partying “like crazy”

Ray Dailio, manager of the world’s largest hedge fund, let loose on a Reddit “Ask Me Anything” forum Thursday. Answering questions for nearly 90 minutes, the Bridgewater Associates founder dispensed wisdom one might expect from his book as he threw in other surprises – telling a college student to “party like crazy.” But some of the questions that were left unanswered were most compelling.

Like Third Point hedge fund manager Dan Loeb, Dalio believes that instinct is more than a gut reaction, but has a deeper meaning.

“Instincts and intuition are fundamental,” he said, pointing to a correlation point. “They come from...