New Book Criticizes Ray Dalio's Management Style and Investment Strategy

Bridgewater Associates Founder Dismisses 'The Fund' as Sensational and Inaccurate

A new book titled 'The Fund' by Rob Copeland, a reporter at the New York Times, scrutinizes Ray Dalio, the founder of Bridgewater Associates, the world's largest hedge fund.
The book suggests that Dalio's 'principles', a philosophy he described as being centered on 'radical transparency', are tools he uses to bully employees and manipulate the system so that his opinion always mattered most.
Copeland claims that there is 'no secret' to Bridgewater's success and that Dalio made all the investing decisions himself, or with some input from lieutenants, using simple 'if then' statements.
The book also highlights Dalio's management theory dubbed 'radical transparency' that requires brutal honesty and continual assessments of colleagues' performances.
Dalio has dismissed the book as 'sensational and inaccurate', while Bridgewater's spokesperson stated that the overall narrative in the book is 'ridiculous and couldn’t be any further from the truth'.