Bridgewater

  • ray dalio

    News

    Ray Dalio: My Employees Love That We Record Their Every Word

    Anyone who claims otherwise just hasn’t biologically adapted yet.

    / Dec 11, 2014 at 3:10 PM
  • ray-dalio

    News

    Ray Dalio Will Not Have Some 2-Bit Ex-Employees Trading On His Name, Not Even If They’ve Got The Moves Of Fred Astaire

    Bridgewater Associates sued Howard Wang and Wenquan “Robert” Wu in federal court in Manhattan on Tuesday, saying they tried to publicize their newly-formed hedge fund, Convoy Investments, by lying about their former roles at Bridgewater. Bridgewater claims that Wang and Wu tried to pass themselves off as “former key figures responsible for core aspects of […]

    / Oct 24, 2014 at 12:30 PM
  • ray dalio

    News

    Ray Dalio Not Sure Why Recording People Talking About A Colleague’s Mistakes And Weaknesses And Then Playing Back The Tape For Said Colleague Would Be Viewed As Anything Other Than Positive

    If there are people out there who don’t enjoy being broken down emotionally by their coworkers as a means of ultimately emerging stronger, he hasn’t heard of them. Well, okay, he’s heard of some but they quickly adjust to the Bridgwater way of doing things after a short 18 months.

    / Sep 22, 2014 at 2:13 PM
  • Screen Shot 2014-06-09 at 1.07.13 PM

    News

    It Only Takes A Year And A Half To Get Adjusted To Bridgewater Corporate Culture: Ray Dalio

    June 6, 2014: Sign contract June 9, 2014: First day on the job June 19, 2014: Receive July Metro North pass in mail (paid with pre-tax dollars) August 1, 2014: Approached on the way to the men’s room and asked how the struggle between your upper level you and your lower level you are coming; […]

    / Jun 9, 2014 at 1:08 PM
  • ray_dalio

    News

    Ray Dalio’s Hedge Fund Within A Forest Within A Hedge Fund Won’t See The Light Of Day If “Boat People” Of Stamford Have Their Way

    Cutler, an architect who trained under the legendary Louis Kahn, had meticulously prepared a presentation about the history and environment of the piece of land that Bridgewater would like to use for its new 850,000-square-foot headquarters. The boat people didn’t care. They were shouting Cutler down. Boat people? Oh, yes. Boat people…Almost all of those […]

    / Aug 19, 2013 at 3:54 PM
  • ray_dalio.03

    Hedge Funds

    Bridgewater Associates To Build A Land Where Humans And Hyenas Can Live In Perfect Harmony

    A plan to transform a gritty, industrial stretch of South End waterfront into a glassy headquarters for the world’s largest hedge fund came into sharper focus this week, following submission of zoning applications from developer Building and Land Technology. In addition to a five-story, 850,000-square-foot office, the campus for Bridgewater Associates calls for a helipad, […]

    / Oct 17, 2012 at 3:53 PM
  • News

    Ray Dalio Loses Fellow Truth Seeker To Baked Goods

    Ben Gifford ’10, the valedictorian of his class [at Dartmouth], left his job at Bridgewater Associates after a year and a half. The next day, he decided to open a San Francisco-based bakery called Double or Muffin, an idea he and his childhood friend and Double or Muffin co-founder Sean Pears conceived while they were […]

    / Aug 7, 2012 at 4:00 PM
  • Think twice about calling in "sick"

    Bridgewater Associates Suggests Fate Worse Than Firing In Store For Hyenas Caught Cheating On Day-Long Principles Exam

    A couple weeks back, we noted that Bridgewater Associates had informed employees that they would be required to sit for an exam on the contents of Principles, a 123 page company handbook of sorts, written by founder Ray Dalio and comprised of hundreds of “principles” that guide every aspect of life at the firm. Though familiarity with them has always been an essential part of the job, there has never been a formal test determining that all employees met the required level of efficiency and some people were said to be a bit nervous about what to expect. Luckily, a group called the Principles Training Team sent out an email yesterday walking everyone through what “Test Day” will entail and it appears there is nothing to worry about. The exam, which will begin at 9AM and end at 5PM with a break for lunch is simply “meant to feel like a day-long conversation on Principles.” That doesn’t sound so bad, right? Sure, parts of that conversation (which will take place between you and your computer), during which you “should have no materials on your desk,” will be graded, but Bridgewater is simply trying to determine “what you know and honestly think about Principles.” Think of this thing as just a coupla wildebeests, havin’ a chat. Of course, as is the case in any animal kingdom, sometimes you’ll find a few wildebeests looking to cut corners via cheat sheets– you don’t want to be those wildebeests, as the PTT will “audit for cheating, and cheating will be dealt with severely.” To that end, don’t be a weasley wildebeest who suddenly comes with a stomach bug on Test Day. The PTT will “keep track of lateness or unexpected absence,” and suggests one might want to “think twice about calling in ‘sick’!”

    Good luck to all!


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    Earlier: A Wildebeest Leaves New York Traveling North At 10 MPH. A Hyena Leaves Westport Traveling South At 15MPH. At What Time Does The Wildebeest Get Eaten?

    / Apr 19, 2012 at 12:47 PM
  • News

    A Wildebeest Leaves New York Traveling North At 10 MPH. A Hyena Leaves Westport Traveling South At 15MPH. At What Time Does The Wildebeest Get Eaten?

    As many of you know, Bridgewater Associates is mega-successful, multi-billion dollar hedge fund guided by Principles, a company handbook written by founder and Mentor Ray Dalio, which instructs employees to go on radical truth seeking missions in order to better themselves and in turn the firm. Bridgewater takes the principles very seriously and each member of the staff is given spiral bound copies to read, highlight, and imbue their souls with. While the idea of Truth above all else is the overarching idea, there are literally hundreds of principles (such as 31a. “Ask yourself whether you have earned the right to have an opinion,” 130. “…Firing people is not a big deal…” and 184. “Use checklists”) which span 123 pages and are broken down into outline form after being explained at length. Though familiarity with them has always been an essential part of the job, there has never been formal test determining that all employees met the required level of efficiency. Until now.

    Apparently the firm has notified employees that there will be an exam on the material, which has resulted in people carrying around their copies and studying whenever they can, particularly on the bus ride from Manhattan to Wesport and back. No date has been announced but it will be administered online à la one of those mandatory HR quizzes that won’t let you skip forward. According to proctors, Bridgewater simply wants to use the test as an opportunity to asses what people know, how they’re interpreting the principles, and what requires further elucidation. It’s unclear what the penalty for failing will be but remedial Principles classes seem obvious. Because we would hate to see any of you have to stay after school, we’ve highlighted what is most likely to be covered– feel free to print these out and add to your study guide.


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    Principles [Bridgewater]

     

    essential

     

     

    (which expects the staff to “probe” each other regularly, no matter one’s rank, in order to foster openness and meritocracy).

    / Apr 4, 2012 at 3:08 PM
  • investigations

    Attention Would-Be Thieves: Bridgewater Associates Take Their Buns Of Steel Tapes Very Seriously

    Last Friday afternoon, while many a financial services employee was dealing with the fallout of receiving a bonus they did not believe to be commensurate with the work they put in for 2011, Bridgewater was dealing with a far weightier issue. The hedge fund had a thief in its ranks and said thief’s jig was […]

    / Jan 23, 2012 at 3:01 PM
  • News

    Ray Dalio: Preacha Tellin’ The Truth And It Hurts!

    The truth, according to Bridgewater, being: 1) the world is going to hell in a handbasket and 2) 2011 will be the Year of the Hyena.

    / Sep 8, 2011 at 10:11 AM
  • News

    Dartmouth Undergrad Has A Bone To Pick With Ray Dalio, ‘Faceless Hedge Funds,’ The Dartmouth Board, And Peers Who Flock To Wall Street To ‘Perpetuate Class-Based Systems Of Power And Dominance’

    At a party in New Hampshire last week, one Dartmouth undergrad relayed a story to another about Bridgewater Associates. Apparently the former had chosen to abstain from the annual recruiting session that takes place over the summer for rising juniors and as a firm committed to probing the depths of any situation until they find […]

    / Aug 3, 2011 at 8:42 AM
  • News

    Glencore Employees Have Interesting Notion Of What Goes On In A ‘Cult’

    Later next month, Glencore will go public in an IPO that is expected to raise as much as $11-12 billion, giving the commodities firm a potential market value of between $55-73 billion. It’s multiple exclamation point exciting, not unlike Fortress’s hernia-inducing IPO of 2007. As part of the buildup to the big event, there’s been […]

    / Apr 18, 2011 at 12:25 PM
  • News

    Credit Crisis Math: Report Sees $1.5 Trillion In Losses

    Over the weekend word began to leak out about a report from Europe predicting losses at financial companies would be twice as large as many had predicted and far larger than have been declared by banks and securities firms so far. In April the IMF had estimated that world wide losses from mortgages and other […]

    / Jul 7, 2008 at 7:49 AM

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