“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.”
quote is from the automated transcript, cleaned for reading:
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More from Rob Copeland
AssertionNot 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 CopelandNov 7, 2023▶ 43:09The Secrets Of Ray Dalio And His Dot Collector Transparency Software
AssertionContradicted
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 CopelandNov 7, 2023▶ 6:17The Secrets Of Ray Dalio And His Dot Collector Transparency Software
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 CopelandNov 7, 2023▶ 12:37The Secrets Of Ray Dalio And His Dot Collector Transparency Software
AssertionNot 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 CopelandNov 7, 2023▶ 19:41The Secrets Of Ray Dalio And His Dot Collector Transparency Software
AssertionSupported
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 CopelandNov 7, 2023▶ 24:31The Secrets Of Ray Dalio And His Dot Collector Transparency Software
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 CopelandNov 7, 2023▶ 41:39The Secrets Of Ray Dalio And His Dot Collector Transparency Software
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