3 ms·
I'm aware of their alignment system from the book Principles, but I'm curious why/how you came to the conclusion it was a negative? Pandemic and larger-than-li
by SeanAnderson 3y ago
I'm aware of their alignment system from the book Principles, but I'm curious why/how you came to the conclusion it was a negative?
Pandemic and larger-than-life CEO stepping down both seem like the major outliers in the dynamic you described. Bridgewater was very, very successful for quite some time with that policy in place.
- fasthands9 3y agoI had always assumed (perhaps cynically) that Bridgewater's elaborate system was part of its marketing to people who run endowments and pensions. It gives people a sense that they are working with the best and hardest working, even if in reality their returns are equal to other less notable firms.
- lancewiggs 3y agoRead "The Fund" - an entire book on the matter.