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The Fund
The Fund: Ray Dalio, Bridgewater Associates, and the Unraveling of a Wall Street Legend | Rob Copeland
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The unauthorized, unvarnished story of famed Wall Street hedge-fund manager Ray Dalio. When Ray Dalio, billionaire founder of Bridgewater Associates, the worlds largest hedge fund, announced in October 2022 that he was stepping down from the company he founded 47 years ago, the news made headlines around the world. Dalio achieved worldwide fame thanks to a mystique of success cultivated in frequent media appearances, celebrity hobnobbing, and his bestselling book, Principles. In The Fund, Rob Copeland draws on hundreds of interviews with those inside and around the firm to reveal what really goes on with Dalio and his cohorts behind closed doors. Tracing more than fifty years of Dalios leadership, The Fund peels back the curtain to reveal a rarified world of wealth and power, where former FBI director Jim Comey kisses Dalios ring, recent Pennsylvania Senate candidate David McCormick sells out, and countless Bridgewater acolytes describe what its like to work at this fascinating firm. Dalio has stepped down from Bridgewater before; will the legacy of his Principles continue to chart the course of the firm? The Fund provides unique insight into the story of Dalio and Bridgewater, past, present and future.
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fredthemoose
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⭐️⭐️⭐️⭐️💫 Oof—this guy (Dalio) come off as a psychopath in this book. I read his book Principles a few years ago and remember finding it interesting, although I couldn‘t tell you what any of the principles were. This portrayal is rough. In addition to him being an abusive boss, the lack of any validation or testing of the tools he touts as the keys to everything is just 🤯. Worth a read if you like investigative journalism, esp. around business!