27 Aug 2010

Musings of a Hedge Fund Manager

If ever you thought that the books on management you read at University were full of obvious platitudes you have seen nothing yet. Ray Dalio, the founder of Bridgewater, may have been successful - being in the right place at the right time and starting a money management business at the bottom of the market in 1975 must have helped - but I wonder how he could have found it useful to concoct a philosophy or life and business that just is a very poor copy of what one can find in countless books about self-improvement that are so popular in America.

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