Jim Grant Is ‘Bearish’ on Bridgewater, Saying Dalio Isn’t Focused on Investing
- Dalio’s promotion of Principles distract from day job, he says
- Grant also cites lack of transparency, middling returns
Ray Dalio Says Bridgewater Is Ready to Share Tools
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Jim Grant, editor of Grant’s Interest Rate Observer, said he’s bearish on Bridgewater Associates because founder Ray Dalio has become less focused on investing, while the firm lacks transparency and has produced lackluster returns.
In a five-page critique of the world’s largest hedge fund, Grant said Dalio has been preoccupied with his new book, sitting for media interviews and sending Tweets.