“Ray Dalio doesn’t want you to read this book.”
“He had no sense of humor. He struggled to integrate into the team and sometimes made his colleagues nervous with his veiled arrogance. Dalio was destined to be part of an environment where a mild arrogance was a kind of prerequisite.”
As Rob Copelandjournalist for the New York Times, recounts the early career of a true Wall Street legend, Ray Dalio.
In his The bottomIn fact, the author describes the humble origins, the beginning of his career and the construction of the legendary aura that hovers around the financier with an approach that is halfway between an investigation and an unauthorized biography.
The first line of the author’s note reads precisely: “Ray Dalio does not want you to read this book.” The reason is that, although the founder of Bridgewater has worked over the years to place himself on the pedestal of economic and financial consultancy, behind the wall of authority and success communicated through talks, interviews and books lies a man who perfectly embodies the arrogance that his sector requires.
This volume, written with a very fluent and narrative style, but at the same time punctual and simple in the way it presents complex financial issues, traces relatively recent and important events for the world economy and Dalio’s forecasts in this regard, from which the financier is always managed to gain advantage and notoriety even though they were not always correct, but also the history of Bridgewater, with its range of products, and contemporary events, such as the pandemic.
Between testimonies of historical clients, former collaborators and acquaintances, research among various publications and declarations and an entire chapter dedicated to the “relationship” between the author and Ray Dalio, this volume depicts a person who on the one hand was able to enhance the right relationships and work hard to stand out at all costs, but on the other hand he has conducted a company policy that is anything but fair and transparent, not to mention at times bizarre, capricious and unfair.
In conclusion, “Il Fondo” takes an x-ray of an iconic character – for better or for worse – for finance, leaving the reader the freedom to draw their own conclusions from the facts and stories reported in its pages, and will provide an overview complete with a reality that is good to know, even if only to broaden one’s general knowledge, because “The beautiful thing about the stories about Bridgewater is that you should never try to exaggerate to make them seem absurd.”
The bottom
Exit: 2024
Author: Rob Copeland
Publisher: ROI Editions
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