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Isn't Bridgewater a very high performing organization? How has the company not completely collapsed at this point? Or is there a ticking time bomb coming that w
by nebula8804 4y ago
Isn't Bridgewater a very high performing organization? How has the company not completely collapsed at this point? Or is there a ticking time bomb coming that will end up destroying Dalio's supposed "reputation for excellence"?
- pg_1234 4y agoMaybe it's only "high performing" according to it's own internal rating system.
- nebula8804 4y agoI think its pretty well known that this organization produces excellent results no?
- leaflets2 4y agoI guess so yes? Having grown to the largest hedge fund in the world Ray Dalio to me seems like a bright person, having glanced at: https://en.m.wikipedia.org/wiki/Ray_Dalio https://en.m.wikipedia.org/wiki/Ray_Dalio
- spopejoy 4y agoCalling any hedge fund "high performing" is pretty meaningless, as once they've figured out their core trade their main job is to 1) keep the core trade secret, 2) try to find some other bet, 3) try to trade bigger/faster/stronger, in that order. They're just big poker players and so looking like they're the smartest in the room is part of the bluff. Secrecy is way more important but that doesn't require PhDs. This is why they're so culty, use various personality tests in hiring, and things like the rube goldberg 360 rating disaster described above. A simpler example is Jane Street who went hard into OCAML for no reason whatsoever that had to do with their bottom line but made them look "smart" while money machine goes brrr.