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    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
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    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]





    (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
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    Bridgewater’s Flagship Fund Up 11 Percent YTD

    The radical truth-seeking sessions are paying off.

    / Jun 21, 2011 at 10:25 AM
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    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 or Leave).” [NYM, earlier]

    / Apr 11, 2011 at 12:32 PM
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    Pension Funds Love Bridgewater

    Ray Dalio’s Bridgewater Associates clocked in as the hedge fund of choice among public pension plans, in a recent popularity contest, with 21 out of 150 PPP’s investing with the firm. If they can’t get a piece of Ray, the funds people will settle for are:

    / Mar 17, 2011 at 11:43 AM
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    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 Associates, with much space devoted to the “culture” of the firm, as defined by Principles, a handbook of sorts written by Dalio, which we shared last May. In sum, the firm requires its employees, 30 percent of whom leave within […]

    / Mar 2, 2011 at 3:45 PM
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    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 for itself, posting the sort of returns clients appreciate. To that end, the firm’s Pure Alpha Strategy was up 31% for the year through August and, according to a Bridgewater spokeswoman, has “outperformed the market over the last three years […]

    / Oct 18, 2010 at 10:29 AM
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    Ray Dalio Explains His “Principles”

    Yesterday we discussed Bridgewater Associates’ “Principles,” the meanderings of founder Ray Dalio, which serves as the hedge fund’s unofficial handbook. While clients probably have no problem with it, not everyone counts themselves as fans of the Tao of Dal, which includes operating “like a hyena, attacking the wildebeest,” “probing” ones colleagues and having their meetings […]

    / May 11, 2010 at 2:23 PM
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    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 tell you, our nation’s greatest hedge funds are not soulless, interchangeable institutions that you can just bounce through like a bunch of cheap whores. They are delicate flowers that need to be finessed if you wanna make it past day […]

    / May 10, 2010 at 4:20 PM

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