Ray Dalio

October 17, 2012: “In addition to a five-story, 850,000-square-foot office, the campus for Bridgewater Associates calls for a helipad, a floating recreational barge, a restored estuary and a marina…Made up of two long, curved buildings joined in the center by bridges and paths, the structure is poised to become the most striking presence on the Stamford coastline. The project’s goal, according to the coastal site plan application, is ‘to house a corporation in an environment that fosters personal interaction and a strong connection to the living world.’” June 27, 2014: “After careful examination and reflection surrounding the challenges, time, energy, and resources needed to bring the proposed Stamford project to completion, we have decided not to proceed with the move.” [AP]

  • 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; have no idea WTF this means
  • September 22, 2014: Overhear Ray talking to a lieutenant about a healthcare PM being one part Socrates, one part armadillo…scratch head
  • November 10, 2014: November 10, 2014: Confess to co-worker that it’s been months since you started and you still feel like you were just dropped onto a new planet with no instruction manual…are told this is normal
  • December 6, 2015: Acclimate to corporate culture

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For the most part, 2013 was not kind to Steve Cohen. The Feds put his balls in a jar and put that jar on Preet Bharara’s desk. One of his ex-employees went to trial for (and was later found guilty of) masterminding the “most lucrative insider trading scheme ever.” Other former traders helped bring the number of SAC alums indicted on securities fraud charges to nine. His genius idea to give out free hot dogs on the front lawn of SAC HQ failed to prevent a number of departures. He lost his biggest fan. For a lot of hedge fund managers, all of this would add up to moping around the office and turning in less than stellar work. For Steve Cohen, it meant turning up the Styx and getting down to business. Read more »

  • 30 Oct 2013 at 3:01 PM

Caption Contest Wednesday: Vintage Ray Dalio


A young Ray Dalio, from a photo he included in a presentation he gave at Harvard Business School several years back. [Bridgewater]

Wrestling With Realities At Bridgewater HQ

Ray Dalio’s new All Weather models have proven rather vulnerable to the summer heat. Read more »

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 crammed into the auditorium were opponents of Cutler’s and Bridgewater’s plan for the property. They cheered when opponents of the plan spoke, and jeered during speeches given by city administration officials, architects and developers from a company called BLT, which supports the plan…Cutler never got to explain his design for the Bridgewater “campus.” It includes two buildings separated by an interior courtyard and surrounded by a public park. The green rooftops will make the buildings invisible from the sky. And mirrors on the walls around the courtyard will disguise the buildings, reflecting only images of nearby trees, so that until you are actually in the buildings you won’t see them. [CNBC]

Ray Dalio does not fear the truth (2) that he’s taking a bath during this little correction. He does not feel bad about his mistakes or those of his underlings (10). He simply puts it all into perspective (163), pushes through (189), identifies the principles violated (160), does not “Monday-morning quarterback” (159) and synthesizes (205), diagnosing continuously (156). Read more »