Bloomberg on Bridgewater
Bloomberg.com: Top Worldwide: "Nov. 29 (Bloomberg) -- One day in the early 1980s, a young trader named Ray Dalio placed a bet in the bond market. Then he reached for a yellow pad of paper.
Dalio, who'd been fired years earlier by Sanford Weill, the deal maker who would go on to build Citigroup Inc., jotted down the reason for his trade. Now 56, Dalio says he doesn't remember what he wrote that day -- maybe something about inflation. From then on, when Dalio made a trade, he'd grab his pad and start writing. ``Eventually, I had this pad of rules,'' he says.
That handwritten list of trading axioms became the blueprint for Bridgewater Associates Inc., the $141 billion money management firm that Dalio runs out of an anonymous, glass-and-stone building in the woods in Westport, Connecticut."
Dalio, who'd been fired years earlier by Sanford Weill, the deal maker who would go on to build Citigroup Inc., jotted down the reason for his trade. Now 56, Dalio says he doesn't remember what he wrote that day -- maybe something about inflation. From then on, when Dalio made a trade, he'd grab his pad and start writing. ``Eventually, I had this pad of rules,'' he says.
That handwritten list of trading axioms became the blueprint for Bridgewater Associates Inc., the $141 billion money management firm that Dalio runs out of an anonymous, glass-and-stone building in the woods in Westport, Connecticut."
posted by HeraclitusO at 9:28 pm
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