A Hedge-Fund Founder’s Obsessive Storytelling
A new book about Ray Dalio, the founder of Bridgewater Associates, paints an unflattering picture—but it’s hard to imagine a record more damning than the one Dalio has created himself.
via The New Yorker: https://www.newyorker.com/books/under-review/a-hedge-fund-founders-obsessive-storytelling
Dalio’s inquisitions, in Copeland’s telling, could get overtly cruel. He once berated a top deputy—a woman so impassive and glacial she was nicknamed the Ice Queen—until she broke down into what Copeland describes as “animalistic sobbing.” (The woman did not respond to The New Yorker’s request for comment.) The subsequent training video, titled “Pain + Reflection = Progress,” became required viewing for job candidates