Event Details from Wilton Library
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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. Ray 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 a phenomenal illusion, and one of the great feats of hubris in modern memory. These so-called principles endowed upon Dalio the authority to opine on life's great meanings, which in turn helped transform him into a self-help guru for millions, as money continued to flow into his hedge fund.
The Fund is a page-turning, stranger-than-fiction journey into a rarefied world of wealth and power. Drawing on hundreds of interviews with those inside and around the firm, Copeland takes readers 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.
"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
Rob Copeland is a finance reporter for The New York Times. He was previously the longtime hedge-fund beat reporter at The Wall Street Journal, and has also covered Silicon Valley and the hidden worlds of the wealthy and powerful. His front-page investigations into Bridgewater Associates won a New York Press Club award; he was also awarded an honorable mention twice by the Society of American Business Writers (SABEW) and was named a News Media Alliance "Rising Star" (formerly Top 30 Under 30). He has appeared on ABC's "Good Morning America," NPR and other major news networks.
elmstreetbooks.com will be selling copies of the book after the talk. A portion of the proceeds goes to Wilton Library.
The media sponsor of our author talks is GOOD Morning Wilton.
No charge. Registration required. For more information visit www.wiltonlibrary.org or email cfquinn@wiltonlibrary.org.
