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FYI: Yesterday was Barry's sit down with Ray Dalio, founder chairman and CIO of Bridgewater Associates. He learned a lot of very cool things about him, the firm, and his philosophy (beyond what he already knew). One thing that we discussed that was pretty neat was a one off idea he set up for the holiday season. Regards, Ted http://ritholtz.com/2017/12/ray-dalio-wants-donate-10-name/
First of all someone needs to explain to me what is so great about Ray Dalio. True, his youtube video on how the economic cycles work was insightful. At the time that is. Current market I'm not sure if obeying his thesis.
Regardless, is a greatest / biggest / most successful hedge fund manager - for himself or for his investors? I'm sure he has a made a lot of money. Are we celebrating his success or his investors' success?
If I remember reading article about him, it said his hedge fund has grown from $150MM to $250MM in last number of years. or maybe it was billions. Point is, it was 66% return assuming there was no net investment. HTF is that great?
I think we are just looking for new celebrity. He is the next Bill Miller.
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Regardless, is a greatest / biggest / most successful hedge fund manager - for himself or for his investors? I'm sure he has a made a lot of money. Are we celebrating his success or his investors' success?
If I remember reading article about him, it said his hedge fund has grown from $150MM to $250MM in last number of years. or maybe it was billions. Point is, it was 66% return assuming there was no net investment. HTF is that great?
I think we are just looking for new celebrity. He is the next Bill Miller.