And now for more of the same
Another crazy week everywhere: the markets, politics and not least the future of the republic. We just can’t catch a break. Republicans are slicing each other to shreds in the fight for their nomination, a smaller number of Democrats are doing the same, and before you know it, the two survivors will be kicking each other in the groin in the fight for the highest office in the land. And even more metaphorical (we hope) blood will be shed in the struggle over who is to succeed the late Antonin Scalia on the Supreme Court. That sort of thing in par for the course in New Jersey, where the Legislature […]
A strange but profitable group
Everybody knows that things are strange at Bridgewater Associates LP. The stories of its confrontational meetings, its banning of cell phones, the instant feedback on superiors and subordinates are of part of the legend of the firm. But the article in Friday’s Wall Street Journal takes it to a new level. No matter how you slice it, the firm is weird – profitable, of course – but weird. The one thing that is for sure, though, is that whatever it is seems to be working for Ray Dalio, his colleagues and, of course, his investors. If you haven’t read the article about the supposed rift between him and his presumed […]