Unmasking Ray Dalio & Bridgewater Associates | Ideas Lab 22

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In this episode we talk to Rob Copeland, New York Times reporter and author of the bestselling new book: The Fund: Ray Dalio, Bridgewater Associates and the Unravelling of a Wall Street Legend. Bridgewater is the world’s largest hedge fund and its founder, Ray Dalio, claims to run his firm based on The Principles, rules for life and work that argue for complete honesty and transparency. His most famous Principle: Pain + Reflection = Progress. But Copeland, who has covered Bridgewater for years as a Wall Street Journal reporter paints a radically different picture. Instead of encouraging truth, Copeland’s book documents a rigged feedback system that keeps Dalio permanently at the top and a culture where fear of upsetting Dalio suppresses the truth rather than encourages it. Copeland also claims that Bridgewater’s investment process is far less systematic than it claims, with Dalio ‘calling the shots’. Bridgewater strongly disputes all of these conclusions.
#toptraders #investing #trendfollowing
Episode Summary
02:10 - Introduction to Rob Copeland and his book
04:37 - Copelands's relation to Ray Dalio and how the book started
09:14 - How Copeland reacted to lawsuit threats
11:03 - The logic behind the "baseball cards" concept
13:03 - How Dalio interpreted and rigged the outcome of the baseball cards
14:52 - How well known was Dalio's "rigged" rankings?
16:06 - How did Dalio's "trial" methods work?
21:03 - What can we learn from Ray Dalio's principles?
23:12 - How the MC Cycle functioned
27:55 - What is Dalio's core skill?
29:46 - Did Dalio believe in his own principles?
33:03 - Why Copeland is comfortable with his narrative about Dalio?
38:00 - Why don't we see a bigger footprint from Bridgewater in the markets?
40:57 - Did Bridgewater investors not notice?
44:30 - Key takeaways from Niels
Full episode can be found here:
toptradsersunplugged.com/il22
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Опубликовано:

20 дек 2023

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Комментарии : 12

@bbsara0146 5 месяцев назад

they showed me the tape of him making her cry during the interview process... also they made me read the principles in their entirety for like 1 hour. i was like "yea if you guys pay me 500k you can have ray berate me on camera for as long as you want"

@bbsara0146 5 месяцев назад

I like his principle of "do whatever you want, not what others want you to do" which basically is free reign to basically do whatever u want in any situation. ray is a genius. basically just does whatever he wants and says its "principles" if he thinks of it.

@formxshape 6 месяцев назад

Sounds like a mix between Scientology and Freemasonry…

@aravindtiwari9702 5 месяцев назад

Great content! Keep up the good work. 👍🙏

@TopTradersUnplugged 5 месяцев назад

Thank you! Will do!

@serhatgvn 6 месяцев назад

Looks like we are talking about a typical narcissist.

@SaSa-fs8sb 6 месяцев назад

Ray Dalio looks like he has no charisma , and he doesn't

@larrybarken8443 6 месяцев назад

Sounds like hatchet job. How does he explain how successful his fund has been. He may be a jerk but good journalist would be even handed. Not as if he was mad off and a crook.

@lorenzomizushal3980 6 месяцев назад

How successful can it be when their last 11 year performance would underperform most index funds? Bridgewater alpha averaged compound returns of 1.5% for the last 11 years. The S&P averaged around 12% during the same period. If success is underperformance I guess he's successful.

@SaSa-fs8sb 6 месяцев назад

Front page of one edition has a single eye, Ray's single eye. And that's just creepy, the all seeing eye of the Freemasons

@burrellinvestments5952 6 месяцев назад

21:30 I mean if you haven't seen the tape and only other people you've talked to... That's hear say. You or Ray could twist the truth there. I'd say that Ray built something most people can't. He probably is more talented in a lot of ways. Not that it makes it okay... But most people that get to the top are a$$holes to their employees and dictator.