Billionaire investor Ray Dalio: screaming, bizarre rules, and fear

Bridgewater Associates founder Ray Dalio is one of the most recognized people in the world of Wall Street. He built the firm into an out-performing hedge fund giant in part by developing ‘The Principles’, an intense and enacting guide to developing a workplace culture. Through the years, Dalio has gained legions of fans for his no nonsense approach to self-improvement, amassing millions of followers on social media. Today, Dalio is worth reportedly $15.4 billion. But there is more to Dalio’s story besides wealth and social media fame, contends one veteran reporter. Yahoo Finance Executive Editor Brian Sozzi talks with New York Times finance reporter Rob Copeland about his explosive new book ‘The Fund: Ray Dalio, Bridgewater Associates & the Unraveling of a Wall Street Legend’, which details a culture of fear and bizarre rules at Dalio’s famed hedge fund Bridgewater Associates. Yahoo Finance's Opening Bid, brings you a high-octane take on the freshest analyst calls, wildest stock moves and shrewdest commentary in the business world. Executive Editor Brian Sozzi puts Wall Street's finest through their paces in this essential conversation for every investor - before the stock market opens. Find this episode's transcripts and more episodes of Opening Bid at http://finance.yahoo.com/videos/series/opening-bid/. Thoughts? Questions? Fan mail? Email us at [email protected]. 00:50 - Rob Copeland new book ‘The Fund: Ray Dalio, Bridgewater Associates & the Unraveling of a Wall Street Legend’ 04:03 - What are 'The Principles'? 07:48 - 3 horror stories from Bridgewater Associates 14:06 - Ray Dalio's doom and gloom predictions 18:55 - Billionaires' takes on Trump 22:00 - If investors are making money, where's the Biden support? Yahoo Finance's Opening Bid is hosted by Brian Sozzi, and produced by Alexander Frangeskides and Rachael Lewis-Krisky. Rob Copeland is a banking and finance reporter for the New York Times and author of "The Fund: Ray Dalio, Bridgewater Associates and the Unraveling of a Wall Street Legend," a New York Times best-seller. Learn more about your ad choices. Visit megaphone.fm/adchoices