The Fund: Rob Copeland on Ray Dalio
A Little Bit Culty
Sarah Edmondson & Anthony “Nippy” Ames
4.6 • 2.7K Ratings
🗓️ 3 June 2024
⏱️ 74 minutes
🧾️ Download transcript
Summary
This episode is sponsored by Better Help.
Is the famed hedge fund Bridgewater Associates operating a cult in plain sight? Or is it just a little bit culty? Journalist and author Rob Copeland joins us for a deep dive into Wall Street’s seedy underbelly, and the troubling story of Bridgewater’s founder—the pseudo philosopher-king Ray Dalio. You’ll want to read Rob’s NYT bestseller ‘The Fund’ this summer, if you haven’t already, and then you can decide whether or not you agree with us that Ray Dalio is radiating serious Keith Raniere vibes. Rob joins us to chat about Dalio’s strange world and the uncanny parallels between the planet’s largest hedge fund and NXIVM.
About Rob Copeland:
Rob Copeland is a finance reporter for the New York Times. He was previously the longtime hedge-fund beat reporter at the Wall Street Journal, and has also covered Silicon Valley and the hidden worlds of the wealthy and powerful. His front-page investigations into Bridgewater Associates won a New York Press Club award; he was also awarded an honorable mention twice by the Society of American Business Writers (SABEW) and was named a News Media Alliance "Rising Star" (formerly Top 30 Under 30). He has appeared on ABC’s "Good Morning America," NPR and other major news networks. His NYT Bestseller The Fund was published in late 2023, and we get why it topped the charts: We think it is a freakin’ page turner!
Show Notes:
Assorted articles about The Fund, and Ray Dalio. (Sorry, but we don’t control paywalls.)
NY Post article
NY Mag article with book excerpt
Also…let it be known that:
The views and opinions expressed on A Little Bit Culty do not necessarily reflect the official policy or position of the podcast. Any content provided by our guests, bloggers, sponsors or authors are of their opinion and are not intended to malign any religion, group, club, organization, business individual, anyone or anything. Nobody’s mad at you, just don’t be a culty fuckwad.
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Credits:
Executive Producers: Sarah Edmondson & Anthony Ames
Production Partner: Citizens of Sound
Producer: Will Retherford
Writer & Co-Creator: Jess Tardy
Theme Song: “Cultivated” by Jon Bryant co-written with Nygel Asselin
Transcript
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| 0:30.0 | This podcast is for informational purposes only and should not be considered legal, medical, or mental health advice. |
| 0:35.2 | The views and opinions expressed do not necessarily reflect the official policy or position of the podcast |
| 0:40.0 | and are not intended to malign any religion group club organization business individual anyone or anything. I'm Sarah Edmondson and I'm Anthony air quotes nippy aims and this is a little bit |
| 1:00.8 | guilty a podcast about what happens when things that seem like a great thing at first go bad. |
| 1:06.1 | Every week we chat with survivors, experts, and whistleblowers for real cult stories told directly |
| 1:10.8 | by the people who live through them. |
| 1:13.0 | Because we want you to learn a few things we've had to learn the hard way. |
| 1:16.0 | Like if you think you're too smart to get sucked into something culty, |
| 1:20.0 | you're already prime recruitment material. |
| 1:22.0 | You might even already be in a cold. |
| 1:24.0 | Oops, you better keep listening to find out. |
| 1:26.7 | Welcome to season six, oh, a little bit colty. Seeking down to the depths of the ocean |
| 1:35.0 | hanging on to win my love. |
| 1:39.0 | If I let go but all I could leave, but I'm no one. |
| 1:47.5 | Welcome back everybody to this week's heavy hitting episode |
... |
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