The Bully of Bridgewater
Slate Books
Slate Podcasts
3.8 • 546 Ratings
🗓️ 11 November 2023
⏱️ 44 minutes
🧾️ Download transcript
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| 0:00.0 | Hello. |
| 0:12.6 | Welcome to Slate Money, your guide to the business and finance news of the week. |
| 0:18.2 | I'm Felix Salmon of Axios with Emily Peck of Axios. |
| 0:21.5 | Hello, hello, hello. |
| 0:22.4 | With Elizabeth Spires of Here, Slate and New York Times and places like that. |
| 0:27.2 | Hello. |
| 0:28.1 | We are going to talk about Bridgewater this week, the world's biggest hedge fund and its founder, |
| 0:33.2 | Ray Dalio, and the book that has been written about it called The Fund and all of the crazy that |
| 0:39.2 | has been going on at that fund and whether and how it works. We are going to talk about the |
| 0:45.6 | actor strike, which is now over. Well done studios and actors for coming to agreement on that. |
| 0:50.8 | We are going to talk about WeWork, which is now in bankruptcy. We have even more |
| 0:55.9 | Bridgewater in the Slate Plus. We will learn about dog walking services in the numbers round. It's all |
| 1:01.7 | coming up on Slate Money. Okay, so I think we should start by talking about this amazing new book by Rob Copeland, where he does all of |
| 1:17.7 | this insane reporting about what goes on inside Bridgewater, which certainly used to be, and I |
| 1:22.1 | think probably still is the biggest hedge fund in the world. And Emily, you are kind of up to speed on Bridgewater, |
| 1:33.3 | but I feel there's someone better to talk about the book. Are you asking me something, |
| 1:37.1 | Felix? What I'm asking you is who is the best person to talk about this book? |
| 1:40.4 | Well, Rob is the best person to talk about the book because Rob |
| 1:44.2 | wrote the book. Okay, so let's do a quick woo-woo-woo sound and then guess who's here. |
| 1:50.4 | Hi, Rob. Oh my gosh. It's me. Rob Copeland is here in the Slate Money Virtual Studio. Welcome. |
| 1:59.5 | This reminds me of a Broadway show where you enter in very dramatically, halfway through the first act, you get the big number, and then you don't show up again. That's exactly what's going to happen. You're going to come in with the woo-woo's sound, you're going to talk about Bridgewater, and then you're going to exit stage left. And then when there's a stage call at the end of the show, you're not even going to be there because you'll have gone home. You'll be at like Sardis at that point. I'll be under the bar at Sardis. Yeah. So anyway, introduce yourself. You are the author of The Fund, this big new book about Bridgewater, and you also have a day job at the New York Times. Exactly. I am the author of the fund, Ray Dalio, Bridgewater Associates, and the unraveling |
| 2:37.1 | of a Wall Street legend. And I'm also a business reporter for the New York Times. |
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