The Fund: Ray Dalio, Bridgewater Associates, and the Unraveling of a Wall Street Legend

Entertaining and enlightening read

This is one the best books I have read in 20 years. I was totally gripped, from one page to the next. I was genuinely shocked at what I was reading, at how someone with such power and wealth was simply an extraordinary narcissist, with little feeling for others. Vanity beyond belief. My view of Dalio has completely changed and I now turn the channel over when his mug comes into view. Anyway, the author clearly has a lot of talent and I can’t wait for his next book! Well done!!

Everyone who have over years read Dalio’s investor notes or watched interviews with him should be aware of Ray’s shallow intellect and his recent desperate attempts to establish some sort of legacy. That’s not unusual.But this books shows Dalio as much more then that - a sociopath modeled on Stalin or Mao with their love of publicly humiliating people, forcing them to admit wrongs, making show trials into instrument of control and enjoying cult of his personality.What is surprising is that people at Bridgewater had been taking part in this tragedy for so long.

He loved it. He literally was glued to the book every night until he finished it - quoting me paragraphs throughout the read. Half way through he said it was one of the best reads he had had in years and was going to buy a copy for another friend. My husband is in his 60's and is a Fund Manager - so this book purchase was a no-brainer. Great book gift for a fussy finance head.

According to New York Times reporter Rob Copeland there’s two sides to Ray Dalio. One side is that of a wildly successful hedge fund manager that we all know well. Another side is that of a big, egotistical bully.In “The Fund” Copeland lifts the lid on Bridgewater Associates. From its humble beginnings in a two-bedroom apartment the firm has grown to manage billions of dollars for pension funds and sovereign wealth funds. It is a macro investor, trying to predict global economic trends. Despite all its success Copeland writes that the inner workings of the firm is a failure. You get the sense that Dalio put his Principles above all else, even above what his firm is supposed to do and that is to make money.In spite of the revelations in this book I still view Dalio as a visionary, one who was willing to engage with China. In this political climate where U.S. lawmakers are anti-China everything that type of engagement is sorely needed.

é sempre interessante leggere le biografie (anche ricostruite da terzi) di persone che hanno avuto successo. In questo caso però l'ho trovata davvero ripetitiva e noiosa.Ray Dalio comunque non ne viene fuori benissimo sarà anche un miliardario della finanza (mestiere che faccio anche io, anche se non in un hedge fund), pagherà fior di stipendi, ma meglio evitarlo come capo...