hyenas

  • 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, […]

    / Jun 9, 2014 at 1:08 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.


    *********************************************

    *********************************************

    *********************************************

    *********************************************

    *********************************************

    *********************************************

    *********************************************
    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
  • News

    Bridgewater’s Flagship Fund Up 11 Percent YTD

    The radical truth-seeking sessions are paying off.

    / Jun 21, 2011 at 10:25 AM
  • News

    Programming Note: Ray Dalio Has Updated The Name Of Bridgewater’s Handbook

    “Principles” is now titled “Principles (That Might Be Right or Wrong, for You to Take […]

    / Apr 11, 2011 at 12:32 PM
  • News

    Pension Funds Love Bridgewater

    Ray Dalio’s Bridgewater Associates clocked in as the hedge fund of choice among public pension […]

    / Mar 17, 2011 at 11:43 AM
  • News

    Bridgewater Associates Determines Which Employees Opinions Are More Valuable Than Others Based On A “Believability Matrix”

    The latest issue of AR Magazine features a lengthy profile of Ray Dalio’s mega-successful Bridgewater […]

    / Mar 2, 2011 at 3:45 PM
  • News

    Bridgewater Associates Explains The Secret To Its Success

    In the thirty-five years since its founding, Ray Dalio’s Bridgewater Associates has done quite well […]

    / Oct 18, 2010 at 10:29 AM
  • News

    Ray Dalio Explains His “Principles”

    Yesterday we discussed Bridgewater Associates’ “Principles,” the meanderings of founder Ray Dalio, which serves as […]

    / May 11, 2010 at 2:23 PM
  • News

    Bridgewater Associates: Be The Hyena. Attack The Wildebeest.

    So, you’re going to work for Bridgewater, are you? Contrary to what various know-nothings will […]

    / May 10, 2010 at 4:20 PM