📚 The Tragedy of Good Ideas Taken Too Far
What I make of Rob Copeland's new book The Fund about Ray Dalio and Bridgewater.
The riddle remains unsolved, I thought as I put down The Fund, Rob Copeland’s new book about Ray Dalio and Bridgewater Associates, the world’s largest hedge fund. Over the years, Bridgewater’s notoriously secretive and eccentric culture has prompted ample conspiracy theories. Some even suspected fraud, but nobody found a smoking gun. And neither did Copeland. Instead, he reported on how Dalio’s unrestrained ego and obsession with rational self-improvement took all the fun out of running a fund.1