The Fund - Rob Copeland

The Fund

By Rob Copeland

  • Release Date: 2023-11-07
  • Genre: Biographies & Memoirs
4.5 Score: 4.5 (From 136 Ratings)

Description

The unauthorized, unvarnished story of famed Wall Street hedge-fund manager Ray Dalio. An instant New York Times bestseller!

Ray Dalio does not want you to read this book.

When the billionaire founder of Bridgewater Associates, the largest hedge fund on the planet, announced in 2022 that he was stepping down from the company he started out of his apartment nearly 50 years ago, the news made headlines around the world. Dalio cultivated an aura of international admiration and fame thanks to his company’s eye-popping success, coupled with a mystique he encouraged with frequent media appearances, celebrity hobnobbing, and his bestselling book, Principles. In The Fund, award-winning New York Times journalist Rob Copeland punctures this carefully-constructed narrative of the benevolent business titan, exposing his much-promoted “principles” as one of the great feats of hubris in modern memory—in practice, they encouraged a toxic culture of paranoia and backstabbing.

The Fund
is a page-turning, stranger-than-fiction journey into a rarefied world of wealth and power. It offers an unflinching look at the pain so often caused by the “radical transparency” Dalio has described as a core tenet of his recipe for business success and a meaningful life. Drawing on hundreds of interviews with those inside and around the firm, Copeland takes readers into the room as former FBI director Jim Comey kisses Dalio's ring, recent Pennsylvania Senate candidate David McCormick drinks the Kool-Aid, and a rotating cast of memorable characters grapple with their personal psychological and moral limits—all under the watchful eye of their charismatic leader.

This is a cautionary tale for anyone convinced that the ability to make lots of money has anything at all to do with unlocking the principles of human nature.

Reviews

  • Fact over fiction

    5
    By Reader Justin
    Wonderful, gripping read. Highly recommended.
  • Great read!

    5
    By pboot1
    Regardless of your feelings about Dalio or Bridgewater, The Fund tells an incredible story about one of the world’s most secretive, and largest, hedge funds.
  • Finally!

    5
    By Gendakel
    When reading Principles, I thoroughly enjoyed and was inspired by the Rags to Riches autobiography of Ray Dalio. But I couldn’t get through more than a handful of the principles he outlined in the rest of the book and dropped it at that. In reflecting on the book over the years, there was this realization that something didn’t quite add up. This book was the closure I never knew I needed. A combination of journalism & personal narratives that takes the reader through a much more sinister, a more truthful, journey of the halls of BW
  • stellar work of journalism and writing

    5
    By kennnyihatethis
    definitely reminds me of Lawrence Wright and his thorough research. great read and helps put the highest levels of capitalism into perspective. everyone’s just making things up.
  • Interesting

    4
    By fdxfddtddtc
    Appears to be too subjective in views. Having worked in investment banking for 35+ years there are many cultures that could be reviewed as well. All are different.

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