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Bridgewater Associates

also referred to as: bridgewater

15 statements across 1 episodes · 0 bullish · 13 bearish · 1 people on the record · first statement Nov 7, 2023 by Rob Copeland · said 71 times in 2 episodes since 2023 · across every show →

Mentions by year

brought up most by Alex Kantrowitz (40), Rob Copeland (30), Swami Sivasubramanian (1)

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2024 1 mention in 1 episode
2023 70 mentions in 1 episode

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Everything said about Bridgewater Associates, oldest first

Nov 7, 2023 negative
Opinion
Bridgewater's Dot Collector tool was a metaphor with no connection to investments
“I believe the dot collector is, is my research would tell me is just a giant distraction that it all had to do with nothing to do with investments, but it was a metaphor.”
Rob Copeland Nov 7, 2023 ▶ 41:39 The Secrets Of Ray Dalio And His Dot Collector Transparency Software
Nov 7, 2023 negative
Assertion Contradicted
Ray Dalio predicted an economic crash virtually every year since the 1980s
“What we found was nonstop since the 19 eighties, Ray Dalio has been predicting economic calamity. Every, virtually every single year he has predicted a giant crash.”
Rob Copeland Nov 7, 2023 ▶ 6:17 The Secrets Of Ray Dalio And His Dot Collector Transparency Software
Nov 7, 2023 negative
Assertion Not publicly verifiable
Bridgewater forced employees to hit a daily quota of negative peer ratings
“What Bridgewater starts doing is it starts telling employees, you have to rate a certain number of incidents per day. You have to put in dots. And not only that, but a certain percentage of your dots must be negative.”
Rob Copeland Nov 7, 2023 ▶ 19:41 The Secrets Of Ray Dalio And His Dot Collector Transparency Software
Nov 7, 2023 negative
Assertion Supported
Ray Dalio called Rob Copeland's bosses claiming he was a bitter reject
“He started attacking me, calling my bosses, saying I was a disaffected person who couldn't make the cut there.”
Rob Copeland Nov 7, 2023 ▶ 45:28 The Secrets Of Ray Dalio And His Dot Collector Transparency Software
Nov 7, 2023 neutral
Assertion Supported
Bridgewater's radical transparency required recording every meeting for employees to review
“So for instance, any meeting at Bridgewater should be taped and anyone should be able to listen into it and to weigh in on it later.”
Rob Copeland Nov 7, 2023 ▶ 9:58 The Secrets Of Ray Dalio And His Dot Collector Transparency Software
Nov 7, 2023 negative
Opinion
Ray Dalio was the only Bridgewater employee who never humiliated himself
“There's only one person at Bridgewater who never really humiliated themselves to get the truth, and he's Ray Dalio.”
Rob Copeland Nov 7, 2023 ▶ 12:37 The Secrets Of Ray Dalio And His Dot Collector Transparency Software
Nov 7, 2023 negative
Assertion Not checkable as stated
Dalio launched a filmed probe into urine on a Bridgewater bathroom floor
“Ray is once he's once at the urinal in the bathroom and he looks down and he sees pee under the urinal... But Ray thinks something is truly wrong, and he literally sends an email out saying there's piss on the floor, and it's this huge investigation that is ta…”
Rob Copeland Nov 7, 2023 ▶ 13:20 The Secrets Of Ray Dalio And His Dot Collector Transparency Software
Nov 7, 2023 bearish
Assertion Supported
Bridgewater's main fund lagged market performance for over a decade after 2010
“Bridgewater's main fund, it just kept doing poorly for years upon years since from the end of two, 20 10, almost uninterrupted for a decade and more. It was just falling so far behind. The markets.”
Rob Copeland Nov 7, 2023 ▶ 40:22 The Secrets Of Ray Dalio And His Dot Collector Transparency Software
Nov 7, 2023 negative
Assertion Supported
Adam Grant became a paid consultant after praising Dalio's management methods
“Adam Grant, very, very famous organizational psychologist, Wharton professor, writes bestselling books. He goes in and he sees Ray Dalio and he witnesses this and he writes that it's based in it. He devotes a whole chapter of his book to it and he writes that …”
Rob Copeland Nov 7, 2023 ▶ 25:48 The Secrets Of Ray Dalio And His Dot Collector Transparency Software
Nov 7, 2023 negative
Assertion Supported
Bridgewater threatened journalist Rob Copeland with multiple lawsuits over his reporting
“Bridgewater has threatened me with many, many lawsuits, and I'd like to you know, keep my one bedroom apartment”
Rob Copeland Nov 7, 2023 ▶ 32:10 The Secrets Of Ray Dalio And His Dot Collector Transparency Software
Nov 7, 2023 neutral
Assertion Not publicly verifiable
Bridgewater spent over $100 million developing Dalio's employee rating software
“So this was Ray's great dream, and he talked about it endlessly inside Bridgewater, and he, they spent more than a hundred million dollars on this technology.”
Rob Copeland Nov 7, 2023 ▶ 27:16 The Secrets Of Ray Dalio And His Dot Collector Transparency Software
Nov 7, 2023 negative
Assertion Supported
Internal HR memos warned Ray Dalio of continuous employee fear at Bridgewater
“I went and I got the internal HR emails. I got their own memos, people telling Ray, this is a self Defeating loop. That people are scared that at any moment they may be fired. And the real scary thing for me about Ray Dalio and Bridgewater is that he knew, he …”
Rob Copeland Nov 7, 2023 ▶ 24:31 The Secrets Of Ray Dalio And His Dot Collector Transparency Software
Nov 7, 2023 negative
Assertion Supported
Bridgewater uses the internal euphemism 'sorting out' instead of firing employees
“Literally, if you don't have high enough ratings in certain categories, you will get what Bridgewater calls sorted, sorted out. They don't call it getting fired. They call it sorting you.”
Rob Copeland Nov 7, 2023 ▶ 22:25 The Secrets Of Ray Dalio And His Dot Collector Transparency Software
Nov 7, 2023 negative
Assertion Not checkable as stated
A secretive 10-person group at Bridgewater signs lifetime contracts to see investments
“There was something, is something called the circle of trust at Bridgewater. It's about 10 people. They signed lifetime contracts and Ray allegedly lets them in to see the real secrets of Bridgewater. They have to swear not to work anywhere else. Everyone else…”
Rob Copeland Nov 7, 2023 ▶ 43:09 The Secrets Of Ray Dalio And His Dot Collector Transparency Software
Nov 7, 2023 negative
Assertion Not checkable as stated
Bridgewater's isolated location led employees to live together during the workweek
“They made sure their headquarters was So far away from New York that many of their employees lived with each other during the week. This became their whole life, and it really does become a closed society off of the grid”
Rob Copeland Nov 7, 2023 ▶ 35:39 The Secrets Of Ray Dalio And His Dot Collector Transparency Software
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