Ray Dalio Explains His "Principles"

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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 taped all in an effort to get to the "truth." Today Ray got in touch with us to a) clear up some perceived misconceptions, re the T of D, b) respond to the characterizations of the of the firm made by a friend of BA and c) provide an up to date copy of "Principles" (yesterday's PDF was a draft from last fall), which you can use yourself, should you be interested in starting your own little B-water (they also make great stocking stuffers).

Dalio's Principles [BWater]

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