The Dalio Market Principles Online (DMPO) program is a 30-hour online course designed to be completed over a three-month period. In contrast, the standalone programs—Investment Principles and Economic & Market Principles—are 15 hours each and structured for completion within two months. Throughout the duration of the programs, participants are expected to complete all course materials and assessments.
Participants will have access to all program resources, including the Portfolio Simulator and Generative AI Tutor, for up to one year from the course start date. This extended access provides learners with the opportunity to revisit materials and further refine skills and knowledge at their own pace.
The course is structured into two main tracks:
Investment Principles: This explores Ray Dalio’s investment approach, focusing on fundamental, systematic, and diversified strategies. Key topics covered include the drivers of asset returns, alpha and beta portfolios (including Ray Dalio’s pioneering All-Weather approach), and portfolio construction. Participants will gain hands-on experience using the Portfolio Simulator to create portfolios tailored to various goals and constraints, while stress-testing their strategies across different economic and market environments.
Economic & Market Principles: This provides a practical framework for understanding economies and markets, focusing on key drivers of economic activity and market movements. Topics include business cycles, debt cycles, and the management of various financial crises. Participants will learn to navigate paradigm shifts, anticipate changes in markets and currencies, and explore the rise and fall of nations.
For participants enrolled in both tracks, we recommend starting with Investment Principles for a more cohesive flow of content.
As a special resource for learners undertaking the DMP Online Program, participants will gain access to a curated set of Ray’s client notes (his Daily Observations), written at key periods of major market events over the past 20 years.
These notes provide insights into Ray’s thinking at key junctures in the markets, and can serve as a starting point for your own reflections.
Yes, though the majority of course material has not been published and extends beyond Ray Dalio’s published works.
The Portfolio Simulator covers over 100 years of actual market and economic data across more than 40 major economies. This historical perspective is crucial, as it allows participants to understand the full range of economic and macro environments that have occurred—and may recur—in the future.
The Portfolio Simulator focuses on asset classes, such as equities, bonds and commodities – rather than individual stocks. This allows participants to understand broader market dynamics, and the impact of the macro environment on different types of assets.
Yes, case studies use actual historical data relevant to the period being analysed, including data up to 2023.
The Dalio Market Principles in-person program is an intensive 5-day course held annually in Singapore. It features live interactions and in-depth discussions with faculty and fellow learners.
Dalio Market Principles Online offers the same core content, enhanced with innovative learning tools such as the Generative AI Tutor and the Portfolio Simulator. It is designed for a global audience across all levels, allowing participants to learn online at their own pace.
Participants will have access to all program resources, including the Portfolio Simulator and Generative AI tutor, for up to one year from the course start date.
Information regarding extended access or subscription options will be shared at the end of your access period.
Learners applying for Singapore government subsidies must complete the program and assessments within the required timeframe:
International learners or learners not applying for Singapore government funding support may take up to a year to complete the course at their own pace.
Yes, participants can connect through an online discussion forum within the learning portal. In addition, there are optional live virtual workshops held with faculty.
We will also periodically organise events for alumni to meet each other.
Yes, you are allowed up to three attempts to pass the assessments.
