
The Fund
Ray Dalio, Bridgewater Associates, and the Unraveling of a Wall Street Legend
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Narrado por:
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Rob Copeland
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Will Damron
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De:
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Rob Copeland
Acerca de esta escucha
This program features an author's note and epilogue read by the author.
The unauthorized, unvarnished story of famed Wall Street hedge-fund manager Ray Dalio.
Ray Dalio does not want you to listen to this audiobook.
Late last year, when the billionaire founder of Bridgewater Associates, the largest hedge fund on the planet, announced that he was stepping down from the company he started out of his apartment nearly 50 years ago, the news made headlines around the world. Dalio cultivated an aura of international admiration and fame thanks to his company’s eye-popping success, coupled with a mystique he encouraged with frequent media appearances, celebrity hobnobbing, and his bestselling book, Principles. In The Fund, award-winning New York Times journalist Rob Copeland punctures this carefully constructed narrative of the benevolent business titan, exposing his much-promoted “principles” as one of the great feats of hubris in modern memory—in practice, they encouraged a toxic culture of paranoia and backstabbing.
The Fund is a thrilling, stranger-than-fiction journey into a rarefied world of wealth and power. It offers an unflinching look at the pain so often caused by the “radical transparency” Dalio has described as a core tenet of his recipe for business success and a meaningful life. Drawing on hundreds of interviews with those inside and around the firm, Copeland takes listeners into the room as former FBI director Jim Comey kisses Dalio's ring, recent Pennsylvania Senate candidate David McCormick drinks the Kool-Aid, and a rotating cast of memorable characters grapple with their personal psychological and moral limits—all under the watchful eye of their charismatic leader.
This is a cautionary tale for anyone convinced that the ability to make lots of money has anything at all to do with unlocking the principles of human nature.
A Macmillan Audio production from St. Martin’s Press.
©2023 Rob Copeland (P)2023 Macmillan AudioLos oyentes también disfrutaron...
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Reseñas de la Crítica
“At last, the era of the billionaire philosopher-king has a defining book. The Fund is a taut, nonfiction thriller."—Bryan Burrough, author of Barbarians at the Gate
“A classic American story about the most famous man on Wall Street—or the person he seems to be. The Fund manages to both shock and entertain at the same time.”—Philipp Meyer, bestselling author of American Rust and The Son
"The most explosive, mind-blowing business book I've ever read—and the most fun, too."—Bradley Hope, co-author of the New York Times bestseller Billion Dollar Whale and Pulitzer Prize finalist
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Great Story Ruined by Monotone Reading
- De Marc en 04-23-13
De: John E. Morris, y otros
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The Trading Game
- A Confession
- De: Gary Stevenson
- Narrado por: Gary Stevenson
- Duración: 12 h y 41 m
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Ever since he was a kid, kicking broken soccer balls on the run-down streets of East London, Gary Stevenson dreamed of something bigger. As luck would have it, he was good at numbers. At the London School of Economics, wearing tracksuits and sneakers, Stevenson shocked his posh classmates by winning a competition called “The Trading Game.” The prize? A golden ticket to a new life, as the youngest trader at Citibank.
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Great substance and storytelling
- De Daniel Tunkelang en 03-07-24
De: Gary Stevenson
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The Quants
- How a New Breed of Math Whizzes Conquered Wall Street and Nearly Destroyed It
- De: Scott Patterson
- Narrado por: Mike Chamberlain
- Duración: 14 h y 10 m
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In March 2006, the world’s richest men sipped champagne in an opulent New York hotel. They were preparing to compete in a poker tournament with million-dollar stakes. At the card table that night was Peter Muller, who managed a fabulously successful hedge fund called PDT. With him was Ken Griffin, who was the tough-as-nails head of Citadel Investment Group. There, too, were Cliff Asness, the sharp-tongued, mercurial founder of the hedge fund AQR Capital Management, and Boaz Weinstein, chess “life master” and king of the credit-default swap.
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perhaps the best book on the Quants
- De D. Littman en 04-14-10
De: Scott Patterson
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When Genius Failed
- The Rise and Fall of Long-Term Capital Management
- De: Roger Lowenstein
- Narrado por: Roger Lowenstein
- Duración: 9 h y 12 m
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Roger Lowenstein, the bestselling author of Buffett, captures Long-Term's roller-coaster ride in gripping detail. Drawing on confidential internal memos and interviews with dozens of key players, Lowenstein crafts a story that reads like a first-rate thriller from beginning to end. He explains not just how the fund made and lost its money, but what it was about the personalities of Long-Term's partners, the arrogance of their mathematical certainties, and the late-nineties culture of Wall Street that made it all possible.
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When Genius Failed
- De Sean en 12-17-08
De: Roger Lowenstein
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The New Tycoons
- Inside the Trillion Dollar Private Equity Industry That Owns Everything
- De: Jason Kelly
- Narrado por: Brett Barry
- Duración: 8 h y 2 m
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The New Tycoons: Inside the Trillion Dollar Private Equity Industry That Owns Everything takes the listener behind the scenes of these firms: their famous billionaire founders, the overlapping stories of their creation and evolution, and the outsized ambitions that led a group of clever bankers from small shops operating in a corner of Wall Street into powerhouse titans of capital. This is the story of the money and the men who handle it.
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Detailed if a little dull
- De Anonymous User en 03-11-21
De: Jason Kelly
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Money Men
- A Hot Startup, A Billion Dollar Fraud, A Fight for the Truth
- De: Dan McCrum
- Narrado por: Dan McCrum
- Duración: 13 h y 3 m
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When investigative journalist Dan McCrum first came across Wirecard, the hot new tech company that looked poised to challenge Silicon Valley, it all looked a little too good to be true: offices were sprouting up all over the world, and they were reporting runaway growth. In the space of a few short years, the company had come from nowhere to overtake industry giants like Commerzbank and Deutsche Bank on the stock market. As McCrum began to dig deeper, he encountered a story stranger and more compelling than he could have imagined.
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Interesting book but…
- De Rock Climber en 06-11-23
De: Dan McCrum
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Billionaires' Row
- Tycoons, High Rollers, and the Epic Race to Build the World's Most Exclusive Skyscrapers
- De: Katherine Clarke
- Narrado por: Kristen DiMercurio
- Duración: 12 h y 17 m
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To look south and skyward from Central Park these days is to gaze upon a physical manifestation of tens of billions of dollars in global wealth: a series of soaring spires stretching from Park Avenue to Broadway. Known as Billionaires’ Row, this set of slender high-rise residences has transformed the skyline of New York City, thanks to developer-friendly policies and a seemingly endless gush of cash from tech, finance, and foreign oligarchs. And chances are most of us will never be invited to step inside.
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Fantastic read/listen
- De Anonymous User en 03-15-25
De: Katherine Clarke
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Power Failure
- The Rise and Fall of an American Icon
- De: William D. Cohan
- Narrado por: Eric Jason Martin
- Duración: 28 h y 17 m
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No company embodied American ingenuity, innovation, and industrial power more spectacularly and more consistently than the General Electric Company. GE once developed and manufactured many of the inventions we take for granted today, nearly everything from the lightbulb to the jet engine. GE also built a cult of financial and leadership success envied across the globe and became the world’s most valuable and most admired company. But even at the height of its prestige and influence, cracks were forming in its formidable foundation.
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Much better than other GE books
- De Brannon Crawford en 12-26-22
De: William D. Cohan
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Barbarians at the Gate
- The Fall of RJR Nabisco
- De: Bryan Burrough, John Helyar
- Narrado por: Eric Jason Martin
- Duración: 22 h y 18 m
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A number-one New York Times best seller and arguably the best business narrative ever written, Barbarians at the Gate is the classic account of the fall of RJR Nabisco. An enduring masterpiece of investigative journalism by Bryan Burrough and John Helyar, it includes a new afterword by the authors that brings this remarkable story of greed and double-dealings up to date 20 years after the famed deal.
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Good book but too dense
- De Andrew M. en 08-01-21
De: Bryan Burrough, y otros
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The Dealmaker
- Lessons from a Life in Private Equity
- De: Guy Hands
- Narrado por: Simon Shepherd, Guy Hands - introduction
- Duración: 10 h y 42 m
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The Dealmaker is a frank and honest account of how a severely dyslexic child who struggled at school went on to graduate from Oxford and become a serial entrepreneur. It describes Guy Hand's career in private equity, first at Nomura and then as head of his own company, Terra Firma. It looks in detail at the huge deals that Terra Firma has done over the years, involving everything from cinema chains and pubs to waste management, aircraft leasing and green energy.
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Very Interesting, rather self involved
- De Michael Bereslavsky en 03-06-24
De: Guy Hands
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The Smartest Guys in the Room
- The Amazing Rise and Scandalous Fall of Enron
- De: Bethany McLean
- Narrado por: Dennis Boutsikaris
- Duración: 22 h y 30 m
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The definitive volume on Enron's amazing rise and scandalous fall, from an award-winning team of Fortune investigative reporters.
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An excellent book, but with a missing chapter
- De Augustus T. White en 03-07-12
De: Bethany McLean
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Chaos Kings
- How Wall Street Traders Make Billions in the New Age of Crisis
- De: Scott Patterson
- Narrado por: Eric Yang
- Duración: 9 h y 13 m
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There’s no doubt that our world has gotten more extreme. Pandemics, climate change, superpower rivalries, cyberattacks, political radicalization—virtually, everywhere we look there is mayhem bearing down on us, putting trillions of assets at risk. And at least two factions have formed around how to respond. In Chaos Kings, Scott Patterson depicts how one faction, led by Nassim Nicholas Taleb, bestselling author of The Black Swan, believes humans can never see the big disaster coming.
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So so misleading
- De Pm en 06-12-23
De: Scott Patterson
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Dark Pools
- The Rise of the Machine Traders and the Rigging of the U.S. Stock Market
- De: Scott Patterson
- Narrado por: Byron Wagner
- Duración: 11 h y 36 m
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In the beginning was Josh Levine, an idealistic programming genius who dreamed of wresting control of the market from the big exchanges that, again and again, gave the giant institutions an advantage over the little guy. Levine created a computerized trading hub named "Island" where small traders swapped stocks, and over time his invention morphed into a global electronic stock market that sent trillions in capital through a vast jungle of fiber-optic cables.
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Definitive history on Electronic Trading
- De Gary en 08-17-12
De: Scott Patterson
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All the Devils Are Here
- The Hidden History of the Financial Crisis
- De: Bethany McLean, Joe Nocera
- Narrado por: Dennis Boutsikaris
- Duración: 15 h y 29 m
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As soon as the financial crisis erupted, the finger-pointing began. Should the blame fall on Wall Street, Main Street, or Pennsylvania Avenue? On greedy traders, misguided regulators, sleazy subprime companies, cowardly legislators, or clueless home buyers? According to Bethany McLean and Joe Nocera, two of America's most acclaimed business journalists, the real answer is all of the above-and more. Many devils helped bring hell to the economy.
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Excellent!
- De Euri en 11-19-10
De: Bethany McLean, y otros
Lo que los oyentes dicen sobre The Fund
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Reseñas - Selecciona las pestañas a continuación para cambiar el origen de las reseñas.
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- Aaron
- 12-16-23
Best finance book I've read in years
Tremendous! Easily the most entertaining/funny finance book I've ever read. Dalio is probably the best example of failing upward in the history of business.
Get it now!
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esto le resultó útil a 3 personas
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- J Becker
- 02-11-24
Fastinating - Ray IS so much smarter and principled than the rest of us.
Appreciate the look into how hypocritical a wealthy & powerful leader believes he is above the law and smarter than every one else. A fastinating example of how so many of our politicians , the wealthy and the powerful manipulate others into doing their bidding. Following Ray Dalio over the years I somehow sensed a hypocrisy and his false humility but I never imagined someone with such opportunity and resources could be such a selfish monster. He's got more money than he can ever spend but it can't buy him what he really wants, which is a good legacy!
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esto le resultó útil a 2 personas
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- wellgrl1
- 12-09-23
Really well written and gripping.
This is an amazing untold story. Most people only know The Principles, which is a white-washed version of what Bridgewater stands for.
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esto le resultó útil a 2 personas
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- Lance Farman
- 04-25-24
that Daliot is a psycho
the content was good but it was hard to listen to because Daliot is psycho.
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- QCDphysicist
- 11-19-23
Nasty piece of work
This book is another indictment of toxic workplace environments that are all too common in our times
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- 1892offn
- 11-15-23
Exceptional reporting
Incredibly well researched and written in a compelling and accessible manner. This is among the top five books I've read in 2023.
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- Patrick
- 11-11-23
A Real Page-Turner!
I found ‘The Fund’ to be both captivating and entertaining. A real page-turner!
Highly recommend.
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- Charles F.
- 01-06-24
Fantastic inside look into the world's largest hedge fund
Couldn't stop listening to this. Would probably listen to it again in the future for the pure entertainment value. Highly recommend!
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- Cecilia
- 04-05-24
If Dalio was so keen on the truth….
This is a well written book and I applaud Mr. Copland for not bowing to Ray’s pressure to not write it. Why does everyone who leaves BW threatened with lawsuits if RD is so keen to know the truth. RD verbally abused a lot of people!
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- Chris
- 02-07-25
Surprising look at someone so lauded in the business world
Ray Dalio seems like so many powerful leaders after listening to this. Intoxicated by his success, he seeks deeper meaning with his Principles, yet like many cult leaders, the standards he holds others to are not applied to himself.
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