You're listening to A Book with Legs, a podcast presented by Smead Capital Management.

At Smead Capital Management, we advise investors who fear stock market failure.

You can learn more at Smeadcap.com or by calling your financial advisor.

Welcome to a book with legs podcast. I'm Cole Smead, CEO and portfolio manager here at Smead Capital Management. At our firm, we are readers and we believe in the power of books to help

shape informed investors. In this podcast, we speak to great authors about their writing.

The late great Charlie Munger prescribed using multiple mental models and analysis.

We analyze their work through the lens of business, markets, and people.

We're going to talk about quite an interesting firm, maybe one of the most successful money

raisers, I would say, in the history of hedge funds, one of the most interesting characters from an

executive and a firm to lead that. We're going to be talking to Rob Copeland on his book, The Fund,

which is really the story of Bridgewater and Ray Dalio. A little bit background on Rob. Rob is a

finance reporter for the New York Times. He was previously the longtime hedge fund beat

reporter at the Wall Street Journal and also covered Silicon Valley in the hidden worlds of the

wealthy and powerful. His front page investigation did the Bridgewater won a New York Press

Club award. He also has won an honorable mention twice by the Society of American Business

Writers, was named a News Media Alliance Rising Star.

He has also appeared on ABC's Good Morning America and PR and other major networks.

More importantly, I'll throw this out as like your newest one to add to the role,

is Rob was also a guest for a fireside chat at the Arizona Fund Manager Association's Lyft AZ event here in March this year, and which

we got connected with our common friend, Jack Selby.

So, Rob, I really appreciate you for doing this.

Thank you for having me.

...