The Fund

Ray Dalio, Bridgewater Associates, and the Unraveling of a Wall Street Legend

De: Rob Copeland

Narrado por: Rob Copeland, Will Damron

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 Audio

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

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!

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!

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.

that Daliot is a psycho

the content was good but it was hard to listen to because Daliot is psycho.

Toxicity Inc.

When I first read Principles a few years ago, I was intrigued by the Pain + Reflection = Progress philosophy. It seemed theoretically correct. But, the way this narcissist applied it on his company seemed off. That’s where he lost me. This book goes behind the scenes. The principles (or lack of them) behind Principles. My takeaway is that the performance of their hedge fund is largely un-correlated with Principles.

Insane way to work

Very interesting read. Great character development and well organized. That through that very quickly because I wanted to keep listening. Amazing what people will put up with Well narrated. Recommended.

Had to double check I wasn’t reading about the CCP

If even half of the material in this is true, it would be wise to disregard the wisdom of Dalio as anything but Machiavellian. A corporate horror story.

Ray Dalio stands as a formidable anti-hero!

In the world of high finance, where success is as revered as it is rare, Ray Dalio emerged as a figure both enigmatic and controversial. Journalists, forever in pursuit of the next big story, often find themselves drawn to such figures, eager to unearth the darker shades beneath the sheen of success. Their quest is as relentless as it is revealing, sometimes unearthing truths, at other times only managing to scratch the surface. This narrative is the backdrop to "The Fund" by Rob Copeland, a tale that delves deep into the heart of Dalio's empire at Bridgewater Associates.

In this intricate web of power and control, Dalio stands as a formidable anti-hero. His leadership, marked by an iron grip on surveillance and a stifling of open dialogue, paints the picture of a man who changed the rules of the hedge fund game. Dalio's world is one where paranoia and power dynamics are as much a part of the daily routine as market analysis and investment strategies. The book critically assesses the sustainability of a system so deeply entwined with the vision of one man, questioning the long-term effects of such a concentrated power structure.

Dalio's journey, as depicted in Copeland's narrative, is a testament to the complexities of success. It's a story that sees him ascend to the heights of billionaire status, reshaping the landscape of hedge funds. Yet, within this success lies a bitter truth, a realization about life and the cost that comes with such unparalleled triumph. In the end, Dalio's story is a reflection of the delicate balance between brilliance and hubris, a reminder that even the most successful among us are not immune to the pitfalls of power.

Drama

If you’re looking to learn about finance and picking stocks, this is NOT it. However, this beats any finance movie or tv show (even Billions) in the drama of it all. Couldn’t put it down because I do enjoy drama. Rags to riches story, work place toxicity, money, sex, sexual harassment, mock public trials (humiliations/flogging with tears really), faux ethics committee, big brother candid cameras, professional betrayals, work cafeteria staff heart attack, penny-pinching billionaires, check, check, check. Even James Comey (of Trump fame) and Larry Culp (GE CEO who has put a white-out on that time in his career) make an appearance. Crazy stuff.

Wow! Best business insider story

More compelling than fiction, I was completely riveted.

I even bought that other book, 'The Principles'. After listening to this, I realize all that “radical transparency” is just a ruse.