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The Fund

Ray Dalio, Bridgewater Associates and the Unraveling of a Wall Street Legend

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The Fund

By: Rob Copeland
Narrated by: Will Damron
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About this listen

Discover the unauthorized, unvarnished story of famed Wall Street hedge-fund manager Ray Dalio.

When Ray Dalio, billionaire founder of Bridgewater Associates, the world's largest hedge fund, announced in October 2022 that he was stepping down from the company he founded forty-seven years ago, the news made headlines around the world. Dalio achieved worldwide fame thanks to a mystique of success cultivated in frequent media appearances, celebrity hobnobbing, and his bestselling book, Principles. In The Fund, Rob Copeland draws on hundreds of interviews with those inside and around the firm to reveal what really goes on with Dalio and his cohorts behind closed doors.

Tracing more than fifty years of Dalio's leadership, The Fund peels back the curtain to reveal a rarefied world of wealth and power, where former FBI director Jim Comey kisses Dalio's ring, recent Pennsylvania Senate candidate David McCormick sells out, and countless Bridgewater acolytes describe what it's like to work at this fascinating firm.

Dalio has stepped down from Bridgewater before; will the legacy of his Principles continue to chart the course of the firm? The Fund provides unique insight into the story of Dalio and Bridgewater, past, present and future.

©2023 Rob Copeland (P)2023 Macmillan Audio Business Economic History Economics Professionals & Academics Wall Street Inspiring Celebrity Hedge Fund Funny Stock

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Critic reviews

'The most explosive, mind-blowing business book I've ever read' - Bradley Hope, New York Times bestselling author of Billion Dollar Whale

'A taut, nonfiction thriller' - Bryan Burrough, bestselling author of Barbarians at the Gate

'Manages to both shock and entertain at the same time' - Philipp Meyer, bestselling author of American Rust and The Son
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A man who feels right at home with other stories of billionaires, who preaches one thing and does another. Whilst the story could best be described as a car crash in slow motion, so dark you cannot look away.

The density of information available more recently is sparse, but still paints the final pieces of Dalio’s story, and a changing path for BridgeWater. Well worth a listen.

A fascinating external view into Ray Dalio

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I absolutely loved The Fund by Rob Copeland. I found myself trying to listen slowly just so I wouldn’t reach the end too quickly! The story is exceptionally funny, engaging, and just so good. It’s one of those rare audiobooks that you don't want to finish because it’s such an amazing experience. Highly recommend!

Engaging, Hilarious, and Unforgettable!

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Radical Transparency is a concept that could in practice work incredibly well with people having the ability to improve and gain from their peers insight. What's masterfully described is an environment where real feedback is hidden behind the motivation of "adhering to the principles". amazing book- thanks

An amazing insight into the real Bridgewater

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This book was a thrill to listen to. The revealed hypocrisy of one of the world’s richest and most virtue-signaling men is a good lesson; people are never as good as they portray themselves to be, and the more they talk about their virtues, the stronger is probably their shadow side. I recommend this to anyone who’s frustrated they’re not as good as other people claim to be. Don’t worry, neither are they.

An important lesson about false prophets

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Copeland’s portrait of Dalit and Bridgewater is truly remarkable. I spent a quarter of a century in the asset management industry and was completely bowled over by the picture this deeply researched book paints.

Strong recommend!

A remarkable and gripping portrait.

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A bizarre but thrilling description of Bridgewater Hedge fund. The truth is definitely stranger than fiction. Incredibly well researched and methodical yet never boring

Fascinating insights to a bizarre hedge fund

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A warning about toxic bosses and workplaces. I can't help thinking that a lot of the staff at the firm ended up being very wealthy and chose to continue, rather than find a less well paid job elsewhere. Maybe there are only toxic workplaces in the hedge fund industry?

Ray Dalio must be mortified

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The stories are entertaining and some of the behaviour is outrageous. I would like to have learnt more about how BW invests. Dalio is clearly an amazing investor but his ego made him think that skill gave him the right to tell everybody else how to live.

Eye opening account of one man’s god complex

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Check Dalio. On a YouTube. Check the Google talks. A) He’s a bore, and b) his theories don’t even tie up or even had up. A nightmarish firm and environment to work in. So boring he is - it sounds like management theory u would read at the dentist 1982. Circular and bonkers. The illusion that great fund performance of the firm made this man into a science / behaviouralist god is pretty odd - it was mostly a marketing exercise where FUM made Dalio rich - his investors faired less well. He’s a huxter and a really horrible little man

Great book and story

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Lifts the kid and peels back the wallpaper of Ray Dalios. Having read Principles when it came out and hoping it was authentic I was saddened to learn it wasn't.

Stunning exposé

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