Any colour on Bridgewater Associates

Maggette · Post by **Maggette** » Mon Sep 18, 2017 1:07 pm

I have read a lot on the web about their almost cultist "radical honesty" stuff: can anybody give some insight on how it is working there and how this corporate culture thin is really affecting the bussiness?

From the glassdoor reviews I take that it is rather annoying working under these principles.

Thx

chiral3 · Post by **chiral3** » Mon Sep 18, 2017 3:04 pm

The book comes out tomorrow.

rod · Post by **rod** » Thu Sep 28, 2017 10:46 pm

John Cassidy, How Ray Dalio built the world’s richest and strangest hedge fund, The New Yorker, July 25, 2011.

Maggette · Post by **Maggette** » Wed Oct 18, 2017 9:22 am

Thx Rod.

Martinghoul · Post by **Martinghoul** » Wed Oct 18, 2017 5:55 pm

I actually think Matt Levine has described the Smidgeblotter phenomenon best:

Matt Levine on BW

rod · Post by **rod** » Wed Oct 18, 2017 6:03 pm

A more recent article from Matt Levine:

The case against Bridgewater isn't proven (Oct. 13, 2017)

rod · Post by **rod** » Wed Oct 18, 2017 6:27 pm

Dalio gave a TED talk last April:

How to build a company where the best ideas win

"What if you knew what your coworkers really thought about you and what they were really like? Ray Dalio makes the business case for using radical transparency and algorithmic decision-making to create an idea meritocracy where people can speak up and say what they really think -- even calling out the boss is fair game. Learn more about how these strategies helped Dalio create one of the world's most successful hedge funds and how you might harness the power of data-driven group decision-making."

Maggette · Post by **Maggette** » Wed Oct 18, 2017 7:08 pm

Regarding the ted talk I think he is kind of "and then a miracle happens here" regarding the decision naking process. Whenever somebody refers to "algorithms" several times without giving any detail I think it is suspicious.

Probably their success is luck.