4.8 • 670 Ratings
🗓️ 19 December 2023
⏱️ 46 minutes
🧾️ Download transcript
In this episode we talk to Rob Copeland, New York Times reporter and author of the bestselling new book: The Fund: Ray Dalio, Bridgewater Associates and the Unravelling of a Wall Street Legend. Bridgewater is the world’s largest hedge fund and its founder, Ray Dalio, claims to run his firm based on The Principles, rules for life and work that argue for complete honesty and transparency. His most famous Principle: Pain + Reflection = Progress. But Copeland, who has covered Bridgewater for years as a Wall Street Journal reporter paints a radically different picture. Instead of encouraging truth, Copeland’s book documents a rigged feedback system that keeps Dalio permanently at the top and a culture where fear of upsetting Dalio suppresses the truth rather than encourages it. Copeland also claims that Bridgewater’s investment process is far less systematic than it claims, with Dalio ‘calling the shots’. Bridgewater strongly disputes all of these conclusions.
-----
50 YEARS OF TREND FOLLOWING BOOK AND BEHIND-THE-SCENES VIDEO FOR ACCREDITED INVESTORS - CLICK HERE
-----
Follow Niels on Twitter, LinkedIn, YouTube or via the TTU website.
IT’s TRUE ? – most CIO’s read 50+ books each year – get your FREE copy of the Ultimate Guide to the Best Investment Books ever written here.
And you can get a free copy of my latest book “Ten Reasons to Add Trend Following to Your Portfolio” here.
Learn more about the Trend Barometer here.
Send your questions to [email protected]
And please share this episode with a like-minded friend and leave an honest Rating & Review on iTunes or Spotify so more people can discover the podcast.
Follow Kevin on SubStack & read his Book.
Follow Rob on LinkedIn and Read his Book.
Episode TimeStamps:
02:10 - Introduction to Rob Copeland and his book
04:37 - Copelands's relation to Ray Dalio and how the book...
Click on a timestamp to play from that location
0:00.0 | To me, this is such a great example of sort of how he warps the truth to suit his narrative, |
0:12.6 | but also how almost nobody at Bridgewater rises to her defense in the years to come. |
0:19.5 | Where were the people saying, Ray, you have to stop |
0:22.0 | showing this tape? You have to, like, this is not right. Everyone knew she was pregnant, |
0:28.2 | but nobody was, despite all of these so-called principles about trust and truth, nobody stood up |
0:34.0 | and said, don't do this. Imagine spending an hour with the world's greatest traders. |
0:41.3 | Imagine learning from their experiences, their successes, and their failures. |
0:45.3 | Imagine no more. |
0:47.3 | Welcome to Top Traders Unplugged, the place where you can learn from the best hedge fund managers in the world, |
0:53.3 | so you can take your |
0:54.6 | manager, due diligence, or investment career to the next level. Before we begin today's conversation, |
1:00.4 | remember to keep two things in mind. All the discussion we'll have about investment performance |
1:04.7 | is about the past, and past performance does not guarantee or even infer anything about future |
1:10.1 | performance. |
1:14.8 | Also understand that there's a significant risk of financial loss with all investment strategies, and you need to request and understand the specific risks from the investment |
1:19.5 | manager about their product before you make investment decisions. |
1:23.2 | Here's your host, veteran hedge fund manager, Nealz Kostrup Larson. |
1:32.4 | Thank you. Here's your host, veteran hedge fund manager, Niels Kostrup Larson. For me, the best part of my podcasting journey has been the opportunity to speak to a huge |
1:37.7 | range of extraordinary people from all around the world. In this series, I have invited one of |
1:43.0 | them, namely Kevin Koldine to host a series |
1:45.3 | of in-depth conversations to help uncover and explain new ideas to make you a better investor. |
1:52.0 | In the series, Kevin will be speaking to authors of new books and research papers to better understand |
... |
Please login to see the full transcript.
Disclaimer: The podcast and artwork embedded on this page are from Niels Kaastrup-Larsen, and are the property of its owner and not affiliated with or endorsed by Tapesearch.
Generated transcripts are the property of Niels Kaastrup-Larsen and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.
Copyright © Tapesearch 2025.