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I saw this at Bridgewater. Hired only ivy league, smart people actually. But their total discretionary control was a tiny % of fund. Hedge funds are mostly mar
by ljlolel 4y ago
I saw this at Bridgewater. Hired only ivy league, smart people actually. But their total discretionary control was a tiny % of fund. Hedge funds are mostly marketing. When 2008 financial crisis happened, Dalio was making the big trades in the control room himself on gut feel.
- whimsicalism 4y agoBridgewater is an even worse example of this than normal. Very cult-ish
- dig1 4y ago> Hedge funds are mostly marketing This. Someone from Bridgewater mentioned that Dalio's "radical transparency" and all that we-record-everything nonsense is just a marketing bluff. Actual decisions are made behind closed doors by a few people.
- nunez 4y agoI've heard the opposite. Recruiters working with them told me that they drink their own kool-aid harder than Amazon does!