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  • The Fund

  • Ray Dalio, Bridgewater Associates, and the Unraveling of a Wall Street Legend
  • By: Rob Copeland
  • Narrated by: Rob Copeland, Will Damron
  • Length: 12 hrs and 54 mins
  • 4.5 out of 5 stars (454 ratings)

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The Fund  By  cover art

The Fund

By: Rob Copeland
Narrated by: Rob Copeland, Will Damron
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Publisher's summary

This program features an author's note and epilogue read by the author.

The unauthorized, unvarnished story of famed Wall Street hedge-fund manager Ray Dalio.

Ray Dalio does not want you to listen to this audiobook.

Late last year, when the billionaire founder of Bridgewater Associates, the largest hedge fund on the planet, announced that he was stepping down from the company he started out of his apartment nearly 50 years ago, the news made headlines around the world. Dalio cultivated an aura of international admiration and fame thanks to his company’s eye-popping success, coupled with a mystique he encouraged with frequent media appearances, celebrity hobnobbing, and his bestselling book, Principles. In The Fund, award-winning New York Times journalist Rob Copeland punctures this carefully constructed narrative of the benevolent business titan, exposing his much-promoted “principles” as one of the great feats of hubris in modern memory—in practice, they encouraged a toxic culture of paranoia and backstabbing.

The Fund is a thrilling, stranger-than-fiction journey into a rarefied world of wealth and power. It offers an unflinching look at the pain so often caused by the “radical transparency” Dalio has described as a core tenet of his recipe for business success and a meaningful life. Drawing on hundreds of interviews with those inside and around the firm, Copeland takes listeners into the room as former FBI director Jim Comey kisses Dalio's ring, recent Pennsylvania Senate candidate David McCormick drinks the Kool-Aid, and a rotating cast of memorable characters grapple with their personal psychological and moral limits—all under the watchful eye of their charismatic leader.

This is a cautionary tale for anyone convinced that the ability to make lots of money has anything at all to do with unlocking the principles of human nature.

A Macmillan Audio production from St. Martin’s Press.

©2023 Rob Copeland (P)2023 Macmillan Audio

Critic reviews

“At last, the era of the billionaire philosopher-king has a defining book. The Fund is a taut, nonfiction thriller."—Bryan Burrough, author of Barbarians at the Gate

“A classic American story about the most famous man on Wall Street—or the person he seems to be. The Fund manages to both shock and entertain at the same time.”—Philipp Meyer, bestselling author of American Rust and The Son

"The most explosive, mind-blowing business book I've ever read—and the most fun, too."—Bradley Hope, co-author of the New York Times bestseller Billion Dollar Whale and Pulitzer Prize finalist

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A Real Page-Turner!

I found ‘The Fund’ to be both captivating and entertaining. A real page-turner!

Highly recommend.

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Exceptional reporting

Incredibly well researched and written in a compelling and accessible manner. This is among the top five books I've read in 2023.

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Nasty piece of work

This book is another indictment of toxic workplace environments that are all too common in our times

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If Dalio was so keen on the truth….

This is a well written book and I applaud Mr. Copland for not bowing to Ray’s pressure to not write it. Why does everyone who leaves BW threatened with lawsuits if RD is so keen to know the truth. RD verbally abused a lot of people!

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Fantastic inside look into the world's largest hedge fund

Couldn't stop listening to this. Would probably listen to it again in the future for the pure entertainment value. Highly recommend!

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what Ray Dalio doesn't want you to know.

Dalio professes to be rags to Rich's and doesn't mention the rich that lifted him up. that is just one part of his life he doesn't mention on his road to billions. how he is Machiavellian and professes to care about the wealth gap. listen to this is you ever took Dalio at his word. ⭐⭐⭐⭐⭐

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perspective to Dalio’s Principles

Fast paced, insider view and other side to Dalio’s stories. Not surprising but interesting nonetheless.

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Interesting perspective

The author definitely has some strong points that counter position the persona that Ray Dalio has publicly, but I would expect BA to be a very intense workplace with a hardworking and brutal culture - not only because of the principles (which are crazy extreme) but because of the industry of financial services. It’s important to learn the inner story of the built up of one of the most relevant hedge funds in recent history and to remind ourselves that there are always nuances to what is commonly exposed outside. Ray Dalio is definitely not a saint, but I don’t think he would be as bad as the book describes him.

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  • SA
  • 11-26-23

The emperor has no clothes

Very well written and read audio book. Yet another instance where a good salesman’s bullshit is accepted without challenges from a lot of folks who should have known better.

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Excellent book

Narration is well done. You can listen at 1.5 times speed no problem.
As a person who read Dalio’s first book, I was excited to hear this one.
I was not disappointed.
It was eye opening and well worth the time.
Get this book

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