- advertisements -
Yes. His firm will absolutely blow up. Everyone who works at Bridgewater is... a clone of this guy.
It seems impressive on the surface, but their approach is all black magic. They're ill-positioned to handle an "unpredictable" panic.
You don't have a clue of what you're talking about...none whatsoever.
I'd put a fair amount of money down that Bridgewater will be around a lot longer then Apostate is... lol. There is a lot more to corporate culture then many people understand... Look at The Squid as a prime example for God's sake. Again, thanks for the post Leo.
This guy needs a giant dose of Malcolm Gladwell, Nassim Taleb, Geoff Colvin et al. If this is how he thinks the world operates, I would bet a fair stake that this firm blows up in the not too distant future.
One thing I detest are the spoiled rich kids who manage to make some money, and think they did so not from having it made from birth, but from being inately superior to the unwashed masses.
Invariably these douchebags think their sucess must be due to them having adhered to a set of lofty inate "principles","rules to live by" or some sort of ten-commandments-ish terminology.
Naturally, not having to work for a living, and having a lot of time to sit around on their ass and ascribe noble motivations to their "work",(which as a hedgie is manipulating markets and screwing clients out of money) they then realize they must share these heretofore abstract extremely noble and clever "rules" with the presuably unprincipled masses who are only a nice written guidebook away from realizing just how amoral they are and how great some rich bastard is.
So their ego will not permit these "rules" to remain unwritten, and of course they arent common sense, poor folks are amoral. So here comes a laundry list in some form or another, that they title with their own name,of course, "Dick Mongers 13 keys to success" or some such crap.
They leave out the real keys, of course, like being born into wealth, sent to the best schools, having the right connections to get those criminal charges fixed (while the principle list is in development), Having a nice rigged sandbox to play in just in case your towering and highly principled intellect needs a helping hand, and of course an SEC that looks the other way when one or more of these rules has to take a back seat.
Usually its a mercifully short list, inoffensive, motivational bullet points culled from the common sense file under the "no shit" category.
But it takes a billion dollar ego and a quintessential douchebag the size of a hot air balloon to actually sit around and come up with 295 of em, with annotations to boot!
He should call the list "295 reasons why im such a douche".
BTW, Talking behind someones back is something everyones does and everyone denies. Guys gossip just as bad as females. It probably serves some socialogical purpose, but just seems unfair.
My corollary to Rule No. 11: Never stab a man in the back. Gut him.
A billionaire with principles? I do believe that, generally speaking, there exists an inverse relationship between one's principles and their degree of wealth.
295 rules?!?! what a douchebag.
Reads like many of the ethics and standards that every company I ever worked for espouses publicly and breaks routinely.
Especially if the principle in question, might cost a buck or take actual effort, or impede a buck being made.
Thanks Leo, very cool stuff.
The world might be a better place--but it would certainly be a boring one if you couldn't talk discretely and frankly about your opinion of others with your friends and family. I haven't run across either too many saints or too many people who had the f*ck you money to tell the unvarnished truth to the face of people who desperately need telling.
In my experience, most folks who have achieved power--Dalio may be an exception--are not actually interested in much of anything their underlings have to say when it doesn't confirm what they already think. So am I a slimy weasel because I feel the need to vent on occasion about what an idiot my CEO is--but also to keep my job for the time being? I don't think so.
Are the rest of the rules are this lame?
You Sir, have never had the honor of managing idiots then... the Peter Principle? please, the sheepeople are all Peter in one form or another. Baby Sitting the ignorant masses, who would fling shit at each other all day and eat all the candy they could ingest minus real supervision?
Please, the mob of ignorant fucks that you speak about so romanticly would skull fuck you for a candy bar if the light went out... and the sheep dont keep the lights on.
Now you can choose to ignore the facts as presented or even hope for someone with less venom to explain what your reality truly is, but dont bother me with how the hoards can manage themselves.
Slight difference in ethicality based on the fact that your family is of little consequence to your CEO in the grand scheme. If you badmouthed the bastard to someone else in the industry, for example, you would indeed be 'slimy'. Staying employed with someone you don't respect merely makes you guilty on the 'weasel' charge.
Sorry to say this to your face, but it's one of my 'principles'. ;)
All fine and good, but talk is cheap. Nobody ever became a billionaire by actually folllowing such lofty principles....
"You'll be better advised to watch what we do instead of what we say."
- John Mitchell -
I was raised to be polite, so I talk about people behind thier backs?
Just kidding? everyone knows that I LOVE to talk to peoples, front.
Leo, ready to make some moeny this week? did you send the French a Thank You Card? for the turmoil? how about the Germans? did you send them a Thank You Card? do you think you should? I know I whould send some Johny Blue over for last week, alone... and this is not ending any time soon! God Love the idiots!
No. 11: "Never say anything about a person you wouldn't say to him directly. If you do, you're a slimy weasel."
Now I know fools get their own when they chit chatHaven't heard yet, but you can bet I'm not with thatWith that talk, with the digi walkI struck a bird, you heard, absurd, word to the factI'm a cat, nippin', sippin' on the flaskPassin' it, talkin' shit, but only if you're an assIn front of me 'cuz you could run from me butIn the end, revenge send ends to the defendantI can't get caught in the spiral'Cuz every bit of energy, it goes to my survivalOut my way, I'm a flicka flacka blotterYa try to find a weakness, but the shit keeps gettin' harder
I've heard good and bad things about Bridgewater.
They have a philosophical culture. They have the quant disease, at least from my understanding - or they do Elliot Wave, or something... not really clear to me. I disbelieve in that stuff, but the traders can sometimes succeed despite the ideological blinders.
I applaud the publication, though... should make for curious reading.
But, fuck, CONNECTICUT. Who wants to live in CONNECTICUT?
But you get to wear one of those bad-ass T-shirts that say:
DON'T MESS WITH CONNECTICUT
(which is also probably a rule)
anal retentives need to stick together "son"
Yup, I can see it now with 295 rules to live by he spends most of his days with his nose in his rule book. Wonder how long it take to memorize 295 rules, IN ORDER.
People who make rules do it for others, never themselves. You might say they are charitable, but then maybe not.
Tips: tips [ at ] zerohedge.com
General: info [ at ] zerohedge.com
Legal: legal [ at ] zerohedge.com
Advertising: ads [ at ] zerohedge.com
Abuse/Complaints: abuse [ at ] zerohedge.com
Advertise With Us
Make sure to read our "How To [Read/Tip Off] Zero Hedge Without Attracting The Interest Of [Human Resources/The Treasury/Black Helicopters]" Guide
How to report offensive comments
Notice on Racial Discrimination.