Bridgewater Associates (Dream Place)
Hi all,
I was recently thinking what is the best place for me to be, if I had an option to choose. Would it be GS, Citadel, Fidelity, KKR, etc ? I came up with an idea that Bridgewater Associates. Yeah, probably it is so because of the fund size and reputation.
But, I would love to find out if it is just an illusion (the place is not that cool as I imagine), or it is indeed the best place in finance. I know some of you might say it depends on what I plan to do in the future, but generally speaking is it the most outstanding of all ?
Thoughts ?
I believe you are quite new to this 'finance' thing. You effectively answered your own question, no one can compare an investment bank, a hedge fund, a more traditional AM shop and predominantly a PE firm as well as another hedge fund objectively on anything. It's just silly gloating at best of what is 'more reputable'. +MS
You mean Ray Dalio's cult? Their whole "pursuit of truth" thing was extremely off putting and the time I spent in their offices was easily the most uncomfortable I have ever been. I'm sure Bridgewater is a great place for the right kind of person, but that person is probably fucking weird.
Hey, you could argue in one way that Icahn is weird, yet he makes hundreds of millions in just one deal. Weirdness then cannot be a criteria to choose who your right boss is. Maybe weird people are 'actually' the smartest amongst us and we on the other hand are average? Isn't that's why they are the best in what they do?
Have you ever interviewed with Bridgewater? I spent thirty minutes of my superday answering some very probing psychological questions about my childhood. No thank you.
I have no doubt that they hire smart guys, but my interviewers were some of the weirdest people I have ever had a conversation with.
I interviewed with BWA and those guys are certainly...differently managed.
They want people to think they are different. Being levered and long bonds was a great trade in 2011, not so much the last two years. Being really weird or having a strong "culture" does not automatically make you a better investor.
This is a fund that grinded out 10% returns over a long period of time then lit it up in 2011. They really only have 3-4 trades on at any given time and of the thousands of employees, a small handful are involved in investment decision making.
You've gotta be a fkin moron to think of Bridgewater as an "ideal place to work". Well, maybe if you're Ray Dalio in disguise.
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