The Fund: Ray Dalio, Bridgewater Associates and The Unraveling of a Wall Street Legend
£17.00£22.00 (-23%)
‘The most explosive, mind-blowing business book I’ve ever read’ – Bradley Hope, New York Times bestselling author of Billion Dollar Whale
‘Jaw-dropping . . . well-told, well-structured and exquisitely reported’ – Financial Times book review
Discover the unauthorized, unvarnished story of famed Wall Street hedge-fund manager Ray Dalio.
When Ray Dalio, billionaire founder of Bridgewater Associates, the world’s largest hedge fund, announced in October 2022 that he was stepping down from the company he founded forty-seven years ago, the news made headlines around the world. Dalio achieved worldwide fame thanks to a mystique of success cultivated in frequent media appearances, celebrity hobnobbing, and his bestselling book, Principles. In The Fund, Rob Copeland draws on hundreds of interviews with those inside and around the firm to reveal what really goes on with Dalio and his cohorts behind closed doors.
Tracing more than fifty years of Dalio’s leadership, The Fund peels back the curtain to reveal a rarefied world of wealth and power, where former FBI director Jim Comey kisses Dalio’s ring, recent Pennsylvania Senate candidate David McCormick sells out, and countless Bridgewater acolytes describe what it’s like to work at this fascinating firm.
Dalio has stepped down from Bridgewater before; will the legacy of his Principles continue to chart the course of the firm? The Fund provides unique insight into the story of Dalio and Bridgewater, past, present and future.
‘A taut, nonfiction thriller’ – Bryan Burrough, bestselling author of Barbarians at the Gate
‘Manages to both shock and entertain at the same time’ – Philipp Meyer, bestselling author of American Rust and The Son
Read more
Additional information
| Publisher | Macmillan Business, Main Market edition (9 Nov. 2023) |
|---|---|
| Language | English |
| Hardcover | 352 pages |
| ISBN-10 | 1529075564 |
| ISBN-13 | 978-1529075564 |
| Reading age | 18 years and up |
| Dimensions | 17.8 x 3.5 x 24.3 cm |
by Adam
A warning parable for anyone in the UK or the EU who complain about nanny state employment laws. Dalio comes across as a quite loathsome character. The type who can give it, but cannot take it. His pseudo belief in rationalism and dialectic is shown up to be false time and again. His measure of analysis begins and ends with him shouting down counter arguments and silencing opposition through fear(public humiliation seems to a tactic he uses according to the book), and using schoolyard taunts and logic to decide if he’s right or not(which he always is). For example, when unable to counter argue the logic of meeting Putin, Dalio retorts ‘if you’re so smart why aren’t you rich'(socratic genius.) Marie Curie, if you’re so smart, why aren’t you rich? Albert Einstein, if you’re so smart, why aren’t you rich. See? Such infantile logic. The Ferguson story was a snapshot into this hilariously bad reasoning and his fragile ego needing to be right.
The book had to be thoroughly researched and the author and publisher have backed up everything in the book which is why the cannon fire seems to be directed at the author rather than the material.
by Dim
I am a fan of Ray Dalio. Nevertheless, I am delighted to have read this book which offers excruciating details about the inner workings of one of the world’s biggest hedge funds. The book does not necessarily cast the fund in a negative light. The things described there in could happen in any highly charged big stakes money making environment dominated by hard charging bosses engrossed in their own folly. I am not shocked. In all fairness success in life’s battlefield often comes at a high cost and is not suitable for everyone. Ray Dalio is successful. He may have been a horrible boss but he is not alone. This is the real world.
by Nuno Reis
Ray Dalio greatly impacted my life since I read ‘Principles’ in 2018. And I champion many of his ideas and ways of thinking, particularly on decision-making.
However, there is my other side of having a scientific formation. And the more I read Principles, the more I noticed its flaws.
Particularly when Ray Dalio tries to ‘quantify’ human relationships and psychology through ‘personality traits’ (which is closer to astrology than anything else).
Not to mention the questionable ‘Dot Collector’ system to quantify the highly contextual human factor of ‘believability’ on a linear scale — worse than economists trying to ‘model’ inflation in a single number.
This book ‘The Fund’ has confirmed many of my doubts regarding the ‘Science’ behind the ‘Principles’ and their true relation to the success of Ray Dalio.
And how Dalio seems to be self-delusional with this system of ‘Principles’ that are not really ‘principles’ but 300+ rules collected in his diary with little coherent framework.
I resonate a lot when reading the stories of ‘professors’ and ‘corporate scientists’ who have tried to bring ‘Science’ into this ‘believability’ score that Dalio seems so obsessed with.
I draw a parallel to Isaac Newton’s occult studies of ‘Alchemy’ pursuing the essence of life… with the difference that Newton has caused much less pain to others but himself.
by DF
I finished this last night. Like another reviewer has said, it is hard to put down. It is well written and the stories in it makes Billions seem tame!
As someone in the Finance industry, I eagerly bought Dalio’s Principles book. I tried to persevere with it, but gave up less than half way through. It just did not seem to make any sense to me. Amongst other places, I’ve worked in a big American investment bank and a fairly large Hedge Fund, and I just could not fathom how these Principles could be used in reality. It turns out they weren’t being used in reality. It was just a story Dalio told to the outside world, and perhaps even to himself! I feel like asking for a refund on the Principles book. It sounds like its as much a work of fiction as Lance Armstrong’s two autobiographies.
by Al Mackin
I’m around 60% of my way through this book and it had me enraptured by the end of the second page. Is it a true reflection of the story? I’m going to put my money on yes, but either way it’s an engaging and interesting story that helped me determine where my red lines were when running a business and managing people. At some point in the next few days I’m going to hit 100% read, and then I’ll be left wanting another book just as good as this.