4 ms·
Yes, sadly. If you read between the lines and take his advice more as "understanding the psychology of VCs" rather than as actual advice, his essays are very u
by pclmulqdq 3y ago
Yes, sadly. If you read between the lines and take his advice more as "understanding the psychology of VCs" rather than as actual advice, his essays are very useful. He has long passed the phases of a manager's life where he has to be right - he is surrounded by yes men who tell him that he is right no matter what.
Matt Levine, as usual, has a great take on the phases of life of a partner/founder of a hedge fund (which a VC fund basically is), and PG is deep in phase 3: https://www.bloomberg.com/opinion/articles/2023-11-07/bridgewater-had-believability-issues?accessToken=eyJhbGciOiJIUzI1NiIsInR5cCI6IkpXVCJ9.eyJzb3VyY2UiOiJTdWJzY3JpYmVyR2lmdGVkQXJ0aWNsZSIsImlhdCI6MTcxMDg3MTc4MywiZXhwIjoxNzExNDc2NTgzLCJhcnRpY2xlSWQiOiJTM1JPOURUMEFGQjQwMSIsImJjb25uZWN0SWQiOiI2REU0NzkyMUZBRTE0QTdBODg0NDMxQjMxRDQ0QzQwQiJ9.fPddi5sbsP5zxCQeQbOeaSGOkT8Xtm5LoN26_fMi_gU https://www.bloomberg.com/opinion/articles/2023-11-07/bridge...
I will say that unlike GPT-4 he is an objectively good writer (ie has very good style) most of the time, so the essays tend to be somewhat entertaining to read.
- lupire 3y agoThis is great. What Bridgewater did for Dalio's popularity rating is the same thing Twitter did for Musk's Tweet reach (and what Trump's pollsters did for his ratings).
- pclmulqdq 3y agoYeah, I hadn't thought about it that way, but Musk and Trump are also examples of people who are deep into stage 3 of this process.