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The Fund by Rob Copeland
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The Fund (edition 2023)

by Rob Copeland (Author)

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702380,176 (3.79)None
"The unauthorized, unvarnished story of famed Wall Street hedge-fund manager Ray Dalio. Ray Dalio does not want you to read this book. Late last year, when the billionaire founder of Bridgewater Associates, the largest hedge fund on the planet, announcedthat 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 page-turning, stranger-than-fiction journey into a rarefiedworld 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 readers 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 theirpersonal 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"--… (more)
Member:clsnyder
Title:The Fund
Authors:Rob Copeland (Author)
Info:St. Martin's Press (2023), Edition: International edition, 352 pages
Collections:Your library, Currently reading
Rating:****
Tags:biography

Work Information

The Fund: Ray Dalio, Bridgewater Associates, and the Unraveling of a Wall Street Legend by Rob Copeland

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Started out fact and data based with numerous interviews. The second half was more anecdotal. Though it is inarguable a tough culture, not sure there’s anything wrong with holding people to Truth and Performance ( )
  starkravingmad | Apr 6, 2024 |
A very unflattering look at a man who exceeds beyond almost any other in the murky and secretive world of hedge funds. Probably not a lot of people would be that familiar with Ray Dalio. I had heard of him but did not know much about him. This expose type book exposes Dalio the man behind arguably the most successful hedge fund in history, Bridgewater. Maybe not always the best performing fund, but certainly numero uno in getting many large entities to put their money aboard.

The gist of the organization is not so much investment strategy but more codification of what one man, Dalio, believes is important and in fact vital to the success of his organization and money machine. Hundreds upon hundreds of top notch graduates from so many of the elite college and universities are drawn into the machine seemingly in hope of striking it rich themselves. Some attain this goal at a questionable price to their personal sacrifice of in a sense their soul. But then in the financial world everything is for sale.

The rigid mind numbing rules and regulation of conduct in the organization of Dalio's with him at the pinnacle suggest a creepy cult like environment. And this point has been debated by those getting the take on what goes on inside the walls of the fortress. But the powers that be reject such nonsense claims and got right on running things their way. For them it works, for those investing sometimes, sometimes not. But curiously the money keeps pouring in from the outside which left me scratching my head But then again many of us wind up scratching our heads in grappling with the perplexities of high finance. So nothing new here. ( )
  knightlight777 | Feb 27, 2024 |
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"The unauthorized, unvarnished story of famed Wall Street hedge-fund manager Ray Dalio. Ray Dalio does not want you to read this book. Late last year, when the billionaire founder of Bridgewater Associates, the largest hedge fund on the planet, announcedthat 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 page-turning, stranger-than-fiction journey into a rarefiedworld 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 readers 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 theirpersonal 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"--

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