Saturday, October 31, 2015

How Ray Dalio runs mega-hedge fund, Bridgewater Associates (video)

If you're an investor or market observer you've probably heard of Ray Dalio, founder of Bridgewater Associates. With $169 billion is assets under management, Bridgewater is the world's largest hedge fund firm. 

So what can those of us with considerably less money learn from Mr. Dalio? Well, we've shared some lessons from this Hedge Fund Market Wizard with you in the past. Now, let's hear from Ray Dalio in this Bloomberg Markets panel discussion with that firm's hugely successful founder, Michael Bloomberg.

How Ray Dalio runs his mega-hedge fund, Bridgewater Associates, Bloomberg video. (Hat tip: Exploring Markets).



Highlights and key quotes from Ray Dalio and Michael Bloomberg's talk:

"We're just living out what we're like. For me, Bridgewater, in a nutshell, is meaningful work and meaningful relationships through radical truth and radical transparency. It means we can talk about anything, including mistakes or weaknesses, so that we can deal with them. " -  Ray Dalio

"If you're not genuine and you don't do what you believe... you're never going to be happy and you're not really contributing anything." - Michael Bloomberg

"I always wanted to have an idea meritocracy. No spin. Thoughtful disagreement. The culture reflects whatever people have in them." - Ray Dalio

"Thank G-d I got fired." - Michael Bloomberg (Bloomberg went on to found the influential financial data company which bears his name).

"Meaningful work is about personal evolution. I just want to be the best I can and do that with friends and meaningful relationships. It's a delight to turn the company over to new people." - Ray Dalio

"I think the most important thing for anybody picking a job is the culture that they pick. Not the salary or whatever. You have to find a culture that suits you as a match, so you can self actualize." - Ray Dalio

"Studies have shown that past a basic level, there's no correlation between money and happiness. The highest item of correlation for happiness is a sense of community." - Ray Dalio 

"If you're not struggling, you're not operating at a high enough level. And if you want to be powerful, you have to have humility." - Ray Dalio

Related posts:

1. Lessons from Hedge Fund Market Wizards: Ray Dalio.

2. Ray Dalio: Meditation is the secret of my success.

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