Dissecting Ray Dalio
Call him what you will; weird, creepy, the Dark Lord Xenu, but Bridgewater Chief Ray Dalio knows what the f*ck he’s doing. His Daily Observations newsletter is read by practically everyone who is anyone on the Street (does anybody here get it by the way?) and as far as Bridgewater’s performance is concerned, their Pure Alpha fund is already up 25%, perhaps en route to eclipse last year’s mind-blowing performance of 38% – no easy task when you’re running the biggest fund in hedge fund land.
So yeah, while it may be tremendously hilarious to rib the cult of Dalio on their distinct “culture”, it’s also a pretty good idea to listen to what the man has to say.
Here he is at Bloomberg’s 50 most influential summit talking about correlating bets in your portfolio, debt, his current macro view, and essentially how the machine works. It’s pretty good stuff and considering that it paints a pretty decent picture of how the man thinks; it’s well worth your time.
Video after the jump.
Stay tuned for my interview with John Paulson, I'll ask him if Sino-Forest is a good short.
Have a good one WSO.
Bridgewater MENTOR Ray Dalio bro.
I see everyone here is trying to get the Goldman Sachs offer. I just wanted to know how does everyone feel about Goldman Sachs offer versus Mark Zuckerberg status?
He's a billionaire @ 26 and IBankers won't be billionaires unless you are David Rubenstein, Kravis, or Schwarzman and at a really OLD age.
any views?> just want to hear other thoughts!
if u had the option which one would u take, prestige or billionaire?
A billi for forsure.
Because with that affluence you can create the prestige and have ability to create something of your own. Then people can make the argument well "I would take the money and relax". No you wouldn't. Why?
Since you invested so much of your time, hard work, and skills into making that money you now know what it takes to attain that level of success. A person like that has to stay busy, in some form or another.
Mark Zuckerberg status for sure.
for. sure.
26 year old billionaire? yes please. I don't give a shit if I had the prestige of flunking out of one of Detroit's shittiest high schools. If I have a billion dollars, you can suck me.
For some reason, that interviewer annoys the fuck out of me.
Agree with MBP
and i have the utmost respect for bankers and what they do. i hope to become one soon.
but how the fuck are going to say that what Mark does or has done is not more prestigious? Forget the money and the billions, the dude just created something out of nothing. On another note this comparison seems like comparing apples to oranges...doesn't work.
26 billionaire obviously. who cares that some of us make 6 figures or what not. Birthdays come way to quickly, and you're always working. I'm not a banker and I don't work those hours, but even in my role I had three days this week where I got home at 11pm. This is no way to live, but unfortunately there is not a good alternative at the moment.
it saddens me that the "prestige or billionaire" question was even asked
yeah no shit everyone wud choose billionaire.
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