IL22: The Fund - The Other Side of Dalio & Bridgewater ft. Rob Copeland

Published: Dec. 20, 2023, midnight

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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\\u2019s 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\\u2019s 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\\u2019s investment process is far less systematic than it claims, with Dalio \\u2018calling the shots\\u2019. Bridgewater strongly disputes all of these conclusions.

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Episode TimeStamps:

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...'