Finance

Ray Dalio: Coping with the pain of parenting a bipolar child

Billionaire hedge fund boss Ray Dalio isn’t just known for his wily investment strategies. He also counts himself among the business world’s Twitterati.

His 675,000 followers on the social media platform receive a daily dose of insightful life advice and thought-provoking philosophy. But beyond that, he’s also now recognised as a senior executive who is unashamedly open about his emotional pain and suffering, sharing his experiences in the hope they help others to deal their own struggles.

Earlier this year, he talked about how he and his family continue to deal with their grief after the tragic loss of Dalio’s son, who was killed in a car accident in December 2020.

Struggles of parents trying to help their adult children successfully deal with mental illness, including addiction, are typically kept private

READ Billionaire Ray Dalio reflects on grief after tragic death of his son

Over the weekend, Dalio took to Twitter again to share his thoughts as “the father of a bipolar son who went through the terribly painful and enormously rewarding journey of saving my son from self-destruction” due to mental illness.

“Because my son Paul and I have been open about our experiences, many people have sought our advice and it has been a joy to provide it,” Dalio said.

For Dalio, the 2015 film Touched with Fire ,starring Katie Holmes, which his son Paul Dalio wrote and directed, encapsulates “the magic and the pain of bipolar disorder and how to get through it”.

The movie has been recommended by several mental health organisations, including the National Alliance on Mental Illness in the US.


Dalio said he also found Four Good Days, a movie released last year, “an excellent portrayal of what it’s like for people in that position” and said he was “passing it along for anyone who might find it useful” among his followers.

The movie, starring Hollywood veteran Glenn Close and Black Swan star Mila Kunis, is a grim story about addiction, with gritty depiction of the extent to which a mother will go to save her offspring.

“Because such struggles of parents trying to help their adult children successfully deal with mental illness, including addiction, are typically kept private, we don’t realize how common these struggles are,” Dalio explained in his string of tweets.


He also went on to cite statistics for mental health problems in the US where one in five adults suffer from an issue of some description.

READ Stressed in the City? Ray Dalio’s psych quiz might have some answers

“If you look for it, you will find the help, and if you struggle well, you will produce the best possible outcomes,” Dalio ends off.

To contact the author of this story with feedback or news, email Penny Sukhraj

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