How Ray Dalio Formed The Culture At Bridgewater


Ray Dalio has formed the culture at Bridgewater through constructive disagreement.

Ray Dalio formed the culture at Bridgewater Associates through constructive disagreement, according to Business Insider.

Bridgewater Associates is the world's largest hedge fund and has around $150 billion in assets under management. The firm was founded by Dalio and he credits a mistake in 1982 where he went broke on a bad market call for the prosperity of the firm.

Dalio stated that constructive disagreement allows a developing environment to flourish with conflict. Conflict to drive the success of the company and explore different possibilities.

"How do I find the smartest people I know who disagree with me – and are willing to disagree with each other but who really care about your outcome?" he told Hoffman. "You learn a tremendous amount and that raises one's probability of being right." 

Dalio realized that he needed conflicting opinions after his huge mistake in 1982 almost cost him the firm. In 1982, Dalio testified before Congress that there was a debt crisis on the horizon but he was wrong.

"As a result of being wrong, I lost money for me, I lost money for my clients, I had to let everybody in my company go, and I was so broke I had to borrow $4,000 from my dad to help pay for family bills," Dalio said.

Ray Dalio formed the culture at the world's largest hedge fund after he almost lost the company in 1982 and decided he needed constructive disagreement implemented.

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Economics, Finance and Investing