Dalio Criticizes Media ‘Distortions’ and Defends Bridgewater
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Ray Dalio
Photographer: Peter Foley/Bloomberg
Ray Dalio, founder of the world’s biggest hedge fund, lambasted inaccuracies in the mainstream media as a threat to society, citing what he says are distortions about his firm in a Wall Street Journal story last month.
The Dec. 22 article, which described software being developed by Bridgewater Associates to automate management decisions, portrayed the firm as “being a crazy, oppressive place run by a Dr. Frankenstein type character,” Dalio wrote on his LinkedIn page Tuesday. The Journal’s description of the program — which uses data from sources including employee ratings of each other and personality tests — was “sensationalistic and misleading,” he wrote…
Dalio Criticizes Media ‘Distortions’ and Defends Bridgewater
