Bridgewater Associates

Morgan Stanley Recalls Quant From Bridgewater Internship/Spy Mission

The Morgan Stanley SWAT team extracts Court Crane from 1 Glendinning Place. By English: Lance Cpl. Kenneth K. Trotter Jr [Public domain], via Wikimedia Commons Three years ago, Morgan Stanley embedded a spy within Bridgewater Associates to learn its mysterious ways. Specifically, the mysterious and lucrative ways and means of its army of Principled robots. And with Ray Dalio and co. temporarily distracted by other matters, the bank decided it was the perfect time to safely extract him from Westport and get him to work putting other people at Morgan Stanley out of work. And maybe teach them to videotape all meetings and how best to deal with sexual misconduct allegations. Morgan Stanley has rehired a former electronic trading specialist as investment banks arm themselves for a future in whi...

Ray Dalio No Fan Of Trump Tariffs, Big Fan Of Profiting From Them

In the spirit of radical transparency, Ray Dalio would probably admit that he doesn’t have the first goddamned clue what our clown president is doing. He’s certainly more than a little mystified by Trump’s trade “policy,” and especially the tariffs seemingly designed to provoke the Chinese into a trade war. But Ray Dalio knows the Chinese, and he’s pretty sure they’re not as stupid or reckless or unmoored as Donald Trump, which is why he’s fairly confident in saying that the “actual impacts of the tariffs… will be very small.” That being said…. Cleveland-Cliffs Inc., the top U.S. iron-ore producer, is reaping the gains from U.S. President Donald Trump’s steel tariffs…. Bridgewater added 1.89 million shares to his holdings, the second-largest position increase in his portfolio of U.S. liste...

Ray Dalio Doesn’t Have To Be Right For Bridgewater To Make Money

Ray Dalio (Getty Images) “It is OK to Make Mistakes.” It says so right there in Principle no. 8. “Innovative thinkers are going to make mistakes,” adds no. 9. “Do not feel bad about your mistakes or those of others,” teaches no. 10, which goes on to urge you to “Love them!” The mistakes, that is. And why wouldn’t Ray Dalio love mistakes? This most innovative of thinkers has been making a bunch of them lately. Guess what? Doesn’t matter: Bridgewater’s doing fine in spite of them. Or is it because of them? I really need to get in synch. The investment firm has gained about 4 percent in its Pure Alpha fund in the first four months of this year after a 1 percent loss last month, the person said, asking not to be identified because the information is private. Hedge funds on average returned abo...

Tony Robbins Really Has Learned From Ray Dalio

By Randy Stewart (http://www.flickr.com/photos/stewtopia/3948482669/) [CC BY-SA 2.0], via Wikimedia Commons We can only imagine what sorts of thoughts about the #MeToo movement have been preserved in the Bridgewater Associates Blockbuster, and gnash our teeth in envy at those with a membership card that gets them past the saloon doors. As such, we’re forced to subsist on the opinions and statements of Ray Dalio acolyte and bullying victim Tony Robbins. At the event, in San Jose, Calif., he told a huge audience: “If you use the Me Too movement to try to get significance and certainty by attacking and destroying someone else, you haven’t grown an ounce. All you’ve done is basically use a drug called significance to make yourself feel good.” After Mr. Robbins praised the casino magnate Steve ...

‘Radical Transparency’ Lost In Chinese Translation

In recent years, some have noticed that, at times, Bridgewater Associates seems somewhat inconsistent in its application of its abiding principle, that of radical transparency. It has been suggested that this is especially true of China, where founder Ray Dalio is seen as a minor latter-day investing Confucius, and where he has enjoyed market access denied to just about every other Western investor, and (possibly as a result) about which he is uncharacteristically reticent. Well, Dalio’s book tour has arrived in Beijing, and he is doing a less-than-great job of disabusing people of that notion. Mr. Dalio, sitting face-to-face with a Chinese reporter under bright camera spotlights, said his firm would keep proprietary data in the U.S. before retracting his words…. Mr. Dalio stood in front o...

Ray Dalio Isn’t Crazy, You’re Crazy

Listen, Ray Dalio is a guy who has “principles”, ok? And don’t get it twisted – that’s a rare thing these days. Just ask John Kelly, who in his infamous October presser, suggested that modern day America suffers from an acute lack of principles. So it’s rare enough that a man has any “principles” at all, let alone hundreds and hundreds of pages worth of “principles”, like Ray has. Of course the situation isn’t entirely hopeless for you. You too can have hundreds of hundreds of pages of  “principles” for only $18.00 or $14.99, depending on whether you prefer your “principles” in hardcover or Kindle format, respectively. Ray has been expounding (a lot) lately on the state of the global economy and really, on life in general. He of course took his “principles” on world tour to Davos last mont...

Ray Dalio Betting Barolo Stocks About To Turn To Vinegar

Getty Images Italy is having an election next month. This is not a prospect that brings joy to Ray Dalio’s heart. You see, elections in Europe—including Italy—have had a way of going wrong recently, and the Italian poll is no different: It’s expected to bring gridlock and division to an already famously glacial and divided country, and Ray Dalio can tell you from increasingly weary experience that that is no way to govern a nation, least of all one still in the midst of a financial crisis with a banking industry that makes Spain’s look stable. On the other hand, this impending electoral disaster does have its bright sides. The world’s largest hedge-fund firm tripled its bearish wagers against Italian companies in the last three months, mainly focused on the financial sector, data compiled ...

Dalio To Mnuchin: Don’t Be Stupid, You Moron

Coming soon to a Bridgewater office near you. While not even Steve Mnuchin seems entirely clear on what he meant when he said in Davos that he and the Trump Administration aren’t really concerned about the strength of the dollar, and maybe even kinda like it weak sometimes, the vast majority of those involved in the global economy have responded with confusion, worry and some verbal form of “What the fuck is coming out of your weird mouth, man?” And unfortunately for the least-qualified Treasury Secretary in modern American history, the world’s foremost expert in telling people that they just said something dumb was listening…and Ray Dalio likes to share his opinions: Regarding Treasury Secretary Mnuchin’s comments about the administration’s weak dollar policy, I want to make sure that you...