There were hundreds of Principles, including one that stated, “People have to value getting at truth so badly that they are willing to humiliate themselves to get it.” Employees were instructed to “probe” one another’s work, as Dalio put it, on a daily basis. After all, Dalio ruled Bridgewater under what he called his “Principles,” which held that no matter was too small for investigation. It seemed inconceivable that it could be an accident. “If people can’t aim their fucking pee, they can’t work here,” Dalio proclaimed. Whose was it? And who had permitted it to happen? This couldn’t be allowed to go on, Dalio said. After relieving himself at the urinal, Dalio glanced down.

Dalio had excused himself from a meeting and walked to the nearest restroom at Bridgewater’s sprawling, medieval-stone-style headquarters near Westport, Connecticut. It would be read by more than 1,000 of his underlings at the company.Įveryone at Bridgewater would soon learn the backstory. So read the email from Ray Dalio, founder of the world’s largest hedge fund, Bridgewater Associates, and a billionaire many times over. Photo-Illustration: Intelligencer Photos: Getty Ray Dalio is the founder of the Bridgewater Associates, the world’s largest hedge fund.

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