Finance & economics | Buttonwood

Ray Dalio is a monster, suggests a new book. Is it fair?

The founder of the world’s largest hedge fund comes under scrutiny

Image: Satoshi Kambayashi

The tome opens with Ray Dalio laying into an employee he apparently knew to be pregnant. He calls her an “idiot” over and over, until she runs from the room sobbing. The founder of Bridgewater Associates, the world’s largest hedge fund, was supposedly “delighted”. His “probing” of this woman was evidence of his commitment to “truth-seeking” at any cost. The meltdown, which had been recorded, was uploaded to a library of firm meetings. He had it edited into a clip to be shown to future employees.

This article appeared in the Finance & economics section of the print edition under the headline “Pure alpha male”

From the November 18th 2023 edition

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