New York Times Dealbook article on Bridgewater Associates's Ray Dalio and his famous "Principles".
Bridgewater is now by far the world's largest hedge fund:
Over four decades, Mr. Dalio, 68, has built Bridgewater, which has $160 billion in assets, into the largest hedge fund firm in the world — bigger than the next two largest hedge funds combined. He manages money for some of the largest companies, big public pensions, sovereign wealth funds and even some central banks. He has become a financier-statesman, of sorts, consulting with political leaders in China, the Middle East and elsewhere.
The Principles will soon be published:
On Sept. 19, Simon & Schuster will publish “Principles: Life & Work,” a 567-page book written with editing help from a former GQ magazine writer that combines Mr. Dalio’s rules with a memoir. He is also working on a smartphone app — once called the Book of the Future — to help other business leaders apply the Principles.
Full article here:
Bridgewater’s Ray Dalio Spreads His Gospel of ‘Radical Transparency’