For Every Winner a Loser
John Lanchester: What is finance for?, 12 September 2024
The Fund: Ray Dalio, Bridgewater Associates and the Unravelling of a Wall Street Legend
by Rob Copeland.
Macmillan, 352 pp., £22, August,978 1 5290 7560 1 Show More
by Rob Copeland.
Macmillan, 352 pp., £22, August,
The Trading Game: A Confession
by Gary Stevenson.
Allen Lane, 432 pp., £25, March,978 0 241 63660 2 Show More
by Gary Stevenson.
Allen Lane, 432 pp., £25, March,
“... fund of the World Bank, run by Hilda Ochoa-Brillembourg, who liked to make bets on up-and-coming young fund managers with something to prove. She ended up letting Bridgewater go, because ‘for all Dalio’s grandiloquence, the trades that Bridgewater had recommended for the World Bank were essentially just bets on whether interest rates would rise or ... ”