The Fund: Ray Dalio, Bridgewater Associates, and the Unraveling of a Wall Street Legend
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The Fund: Ray Dalio, Bridgewater Associates, and the Unraveling of a Wall Street Legend Audible Audiobook – Unabridged
《基金:雷·达里奥、布里奇沃特协会和华尔街传奇的解构》 Audible Logo 有声读物 – 未删节版


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Product details

Listening Length 12 hours and 54 minutes
Author Rob Copeland
Narrator Rob Copeland, Will Damron
Whispersync for Voice Ready
Audible.com Release Date November 07, 2023
Publisher Macmillan Audio
Program Type Audiobook
Version Unabridged
Language English
ASIN B0BVKXFRJZ
Best Sellers Rank #1,947 in Audible Books & Originals (See Top 100 in Audible Books & Originals)
#6 in Company Business Profiles (Books)
#10 in Biographies of Business Leaders
#14 in Business Professional's Biographies

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Top reviews from the United States

Reviewed in the United States on February 4, 2024
2024 年 2 月 4 日在美国评论
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Reviewed in the United States on February 27, 2024
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Reviewed in the United States on March 10, 2024
于 2024 年 3 月 10 日在美国进行了审阅
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Reviewed in the United States on December 29, 2023
2023 年 12 月 29 日在美国进行了审阅
...this is surprisingly really good and I can personally vouch for the accuracy of many of the stories told in this book because I actually saw them first-hand, through Bridgewater's tapes, or during the interview process and training.
...这真的令人惊讶地很好,我可以亲自保证这本书中许多故事的准确性,因为我实际上第一手看到了它们,通过布里奇沃特的录音带,或者在采访过程和培训中看到了。


Background: I used to work for Bridgewater for several years out of college as an Investment Associate, but gradually lost interest when the tasks became repetitive and the "meritocracy" is basically a sham.
背景:我曾在大学毕业后的几年里在布里奇沃特工作过几年,担任投资助理,但随着任务变得重复和“精英管理制度”基本上是虚伪的,我逐渐失去了兴趣。


When I bought this, I did it not expecting much. I remember Copeland's articles in the WSJ while I worked at Bridgewater and how he seemed to have a negative bias against Dalio.
当我买这本书时,并没有抱太大期望。我记得在布里奇沃特工作时,看到科普兰在《华尔街日报》上的文章,他似乎对达里奥持有负面偏见。


I thought it might be something where he shares his own subjective views or even just a gossip book. At the least, I thought it might be entertaining.
我以为这本书可能是他分享自己主观看法甚至只是一本八卦书。至少,我以为它可能会很有趣。


But several events were told very accurately and brought out a lot of the absurdism at Bridgewater. Many of the stories I wasn't around for, though I know almost all the people in them, so I'll reserve judgment on those.
但是书中讲述的几个事件非常准确,揭示了布里奇沃特的许多荒谬之处。很多故事发生在我不在场的时候,尽管我几乎认识其中的所有人,所以我会对那些保留评判。


He also captured the personalities and natures of many of the people at the firm well.
他还很好地捕捉了公司许多人的个性和本性。


He's right about Greg Jensen being big into "The Principles" and angling to be the guy to take over, while also not trusting Dalio much toward the end. What I will say, though, is that Jensen is definitely a sharp guy who deserves to be a CIO.
他说得对,格雷格·詹森非常重视“原则”,并试图成为接班人,同时在最后阶段也不太信任达里奥。不过,我要说的是,詹森绝对是一个值得成为首席投资官的聪明人。


He's right about Bob Prince being universally well-liked in Bridgewater. He's not caught up in The Principles, finds a lot of humor/absurdity in Ray, and stays out of the gossip and drama since he's not involved in managing much. He's carved out his own corner in economic research. He's kind of like the perfect personality for Bridgewater with Ray at the center of it. Intelligent, minds his own business, doesn't get frazzled by narcissistic people, doesn't care about gossip, polite, empathetic, laughs at ridiculous stuff instead of getting annoyed by it...
他说得对,鲍勃·普林斯在布里奇沃特广受好评。他没有被“原则”所困扰,发现雷身上有很多幽默/荒谬之处,并且远离八卦和戏剧,因为他并不参与管理。他在经济研究中开辟了自己的一角。他有点像布里奇沃特的完美人格,雷是其中心。聪明,自顾自,不被自恋的人搞烦,不在乎八卦,有礼貌,有同情心,对荒谬的事情发笑而不是被激怒。


While Copeland mostly got Karen Karniol-Tambour right in the book, she was kind of underemphasized despite the fact she's now co-CIO.
尽管 Copeland 在书中大多数时候都正确地描述了 Karen Karniol-Tambour,但她在书中有点被低估了,尽管她现在是联合首席投资官。


Karen is the biggest Dalio brown-noser at the company, uses all of his lingo, and agrees with everything he says on markets and economies. She has very little ability to think originally, creatively, and come up with her own ideas. The rare times she gets agitated by Dalio is when he says/does things that don't align with her strong political biases.
Karen 是公司里最大的 Dalio 的马屁精,使用他所有的术语,并且对他在市场和经济方面说的一切都表示赞同。她几乎没有能力进行原创性、创造性思考,并提出自己的想法。她很少会因为 Dalio 说/做的与她强烈的政治偏见不一致而感到激动。


Karen's case also shows how bad the "Dots" are as a tool for meritocracy. Dalio gave her high marks because she repeats everything he says and her entire schtick is about impressing him (which most everyone else sees). But because Dalio is among the most "believable" and everyone can see the marks, almost everyone else just toes the line.
Karen 的案例也显示了“点数”作为一种评判工具有多糟糕。Dalio 给她高分是因为她重复他说的一切,而她整个表现都是为了给他留下好印象(这是大多数其他人都看得出来的)。但因为 Dalio 是最“可信赖”的,而且每个人都能看到这些分数,几乎所有其他人都只是顺从。


Since Dalio controls/controlled almost everything at the firm and is responsible for everyone's paycheck, he doesn't seem to realize how that affects how people rate each other and the opinions that people openly air.
由于达里奥几乎控制/控制了公司的一切,并对每个人的薪水负责,他似乎没有意识到这会影响人们如何评价彼此以及人们公开表达的意见。


Copeland also captures the fact that Dalio does have clear narcissistic and sociopathic traits, and how nobody is really interested in crossing him. It really is the sycophants who are mostly rewarded at Bridgewater, not the merit of their ideas, and it always seemed like Dalio is too arrogant to realize that.
科普兰德还捕捉到达里奥确实具有明显的自恋和反社会特征,以及没有人真正对挑战他感兴趣。在布里奇沃特,大多数得到奖励的是阿谀奉承者,而不是他们想法的价值,达里奥总是显得太傲慢而意识不到这一点。


The obsession with finding people's weaknesses and vulnerabilities at Bridgewater is also weird because at most companies they hire based on your strengths. It reminds me of how narcissists want this information because they can weaponize it against you, and this is what happens to people when they cross Dalio and his flying monkeys with "trials," upbraidings, and other ridiculous stuff.
在布里奇沃特,对发现人们的弱点和脆弱性的痴迷也很奇怪,因为在大多数公司,他们是基于你的优势来招聘。这让我想起自恋者想要这些信息,因为他们可以利用它来对付你,当人们挑战达里奥及其“飞猴”时,他们会遭受“审判”,责骂和其他荒谬的事情。


That said, Dalio isn't all bad. He's a very strong big-picture thinker, he's intelligent, and I consider him one of the most influential people in my life. I find "The Principles" mostly insightful and well-articulated. But I also tend to avoid people with narcissistic personalities, especially if they have power over you. Copeland is also right about Dalio's trade history being spotty. That's not really his strength, and Bob and Greg are much better at that task.
话虽如此,达利奥并非全然坏人。他是一个非常善于把握大局的思考者,他聪明才智过人,我认为他是我生活中最有影响力的人之一。我发现《原则》大部分是有洞察力且表达清晰的。但我也倾向于避免与自恋性格的人打交道,尤其是那些对你有权力的人。科普兰的看法也对,达利奥的交易历史并不稳定。那不是他真正的优势,而鲍勃和格雷格在这方面做得更好。


So, with all of Dalio's self-promotion and idolatry, it's useful to have a check against that with this book.
因此,面对达利奥的自我推销和崇拜,有这本书作为一种约束是有用的。
118 people found this helpful
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Reviewed in the United States on November 26, 2023
于 2023 年 11 月 26 日在美国评论
25 people found this helpful
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Reviewed in the United States on March 3, 2024
2024 年 3 月 3 日在美国进行了审查
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4.0 out of 5 stars A polarizing look inside one of the world’s largest hedge funds
一个极具争议的视角,揭示了世界上最大对冲基金之一的内部情况
Reviewed in Canada on December 24, 2023
于 2023 年 12 月 24 日在加拿大评论
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Anthony 安东尼
5.0 out of 5 stars Great easy read, deeply researched
优秀易读,深入研究
Reviewed in the United Kingdom on April 21, 2024
2024 年 4 月 21 日在英国进行了审阅
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5.0 out of 5 stars Micro-Stalin and his show trials
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Reviewed in Poland on January 6, 2024
于 2024 年 1 月 6 日在波兰评论
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5.0 out of 5 stars Eye-opening 眼界大开
Reviewed in India on December 25, 2023
于 2023 年 12 月 25 日在印度进行了审阅
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Amazon51 亚马逊 51
5.0 out of 5 stars Thrilling book for anyone who likes stories from the big financial world 😊
对于喜欢大金融世界故事的任何人来说,这是一本扣人心弦的书籍 😊
Reviewed in Germany on December 18, 2023
于 2023 年 12 月 18 日在德国评论
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