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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
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The Trading Game: A Confession 
by Gary Stevenson.
Allen Lane, 432 pp., £25, March, 978 0 241 63660 2
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... king. A spectacular example is Ray Dalio, whose story is excellently told in The Fund by Rob Copeland, a reporter at the New York Times who was formerly the hedge fund beat reporter at the Wall Street Journal.Dalio is the founder and principal owner of Bridgewater, the world’s biggest hedge fund. He grew up in a working-class family in ...

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