IL22: The Fund - The Other Side of Dalio & Bridgewater ft. Rob Copeland
Top Traders Unplugged
Exploring Bridgewater's MC Cycle and Humiliation Principle
This chapter discusses Bridgewater's MC cycle and the concept of humiliating oneself to get at the truth. It explores why people endure the strict dogma of the organization, suggesting money and psychological conditioning as factors.
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.
-----
50 YEARS OF TREND FOLLOWING BOOK AND BEHIND-THE-SCENES VIDEO FOR ACCREDITED INVESTORS - CLICK HERE
-----
Follow Niels on Twitter, LinkedIn, YouTube or via the TTU website.
IT’s TRUE ? – most CIO’s read 50+ books each year – get your FREE copy of the Ultimate Guide to the Best Investment Books ever written here.
And you can get a free copy of my latest book “Ten Reasons to Add Trend Following to Your Portfolio” here.
Learn more about the Trend Barometer here.
Send your questions to info@toptradersunplugged.com
And please share this episode with a like-minded friend and leave an honest Rating & Review on iTunes or Spotify so more people can discover the podcast.
Follow Kevin on SubStack & read his Book.
Follow Rob on LinkedIn and Read his Book.
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 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
Copyright © 2024 – CMC AG – All Rights Reserved
----
PLUS: Whenever you're ready... here are 3 ways I can help you in your investment Journey:
1. eBooks that cover key topics that you need to know about
In my eBooks, I put together some key discoveries and things I have learnt during the more than 3 decades I have worked in the Trend Following industry, which I hope you will find useful. Click Here
2. Daily Trend Barometer and Market Score
One of the things I’m really proud of, is the fact that I have managed to published the Trend Barometer and Market Score each day for more than a decade...as these tools are really good at describing the environment for trend following managers as well as giving insights into the general positioning of a trend following strategy! Click Here
3. Other Resources that can help you
And if you are hungry for more useful resources from the trend following world...check out some precious resources that I have found over the years to be really valuable. Click Here
The AI-powered Podcast Player
