Thursday, May 16, 2024

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

Story of money again. Or how the money corrupts things.

This is a story of a fund which made a lot of money for everyone involved but the Ray Dalio was the biggest beneficiary. And it is not much about how he made money but what he did when he earned a lot of it. Specially, the work culture at this fund.

From the narrative, one can see that the people were part of it because of their own interests, and mind it that they were not really poor or desperate. These people just couldn't let go the salary they were paid in return of going through all the weird things which were happening there. Most likely they never realised how they are paying back for those compensations.

Last thing, the founder was never a legend. He might be someone among a group of people with a lot of money but legend is not a right word in this context.

Peace

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