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☆ Wall Street just can't get enough of Nvidia
▼ + stars: | 2024-02-16 | by ( George Glover | Theron Mohamed | ) www.businessinsider.com time to read: +3 min

Wall Street's excitement about Nvidia has reached a fever pitch as its valuation soars. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. AdvertisementExcitement on Wall Street about Nvidia is reaching a fever pitch after the chipmaker’s market value surpassed both Amazon and Google owner Alphabet this week. Nvidia is set to report its earnings for the final three months of 2023 on Wednesday. “If AI is the next industrial revolution, then absolutely we could see Nvidia’s valuation surge continuing,” Katherine Brooks of online broker XTB, told Business Insider.

Persons: Ray Dalio, Paul Tudor Jones, David Tepper, —, Ray Dalio’s, Kenneth Fisher’s Fisher, Jim Chanos, Steve Cohen’s Point72, It’s, Jensen, ” Katherine Brooks, XTB Organizations: Nvidia, Carolina Panthers, Service, Google, Traders, Reuters, Ray Dalio’s Bridgewater Associates, Kenneth Fisher’s Fisher Investments, Paul Tudor Jones ’ Investment Corp, Big Tech

☆ Ever Had a Horrible Boss? ‘The Fund’ Is the Perfect Rage-Read.
▼ + stars: | 2023-11-06 | by ( Mark Gimein | ) www.nytimes.com time to read: +2 min

There was the time when the parking staff was fired for designing parking passes deemed too big. When Dalio noticed a spill on the floor by his urinal, Copeland writes, he summoned a deputy to investigate. But for the most part, it has always been safer to be a lower-level drone than in Dalio’s direct orbit. Paul McDowell, tasked with designing the “Principles Operating System,” Copeland writes, “assigned an underling to go into the software and program a new rule. As the original, topmost believable person at Bridgewater, Dalio’s rating was now numerically bulletproof to negative feedback.

Persons: Dalio, Copeland, James Comey, Dalio’s browbeating, Paul McDowell, ” Copeland, “ Locations: Bridgewater

☆ How Does the World’s Largest Hedge Fund Really Make Its Money?
▼ + stars: | 2023-11-01 | by ( Rob Copeland | More About Rob Copeland | ) www.nytimes.com time to read: +2 min

For years, the whispered questions have passed from one Wall Street trading floor to the next. Bridgewater Associates, a global investing force, had $168 billion under management at its peak in 2022, making it not just the world’s largest hedge fund, but also more than twice the size of the runner-up. Yet the hedge fund’s overall descriptions of its investment approach could be maddeningly vague. Mr. Dalio often said he relied on Bridgewater’s “investment engine,” a collection of hundreds of “signals,” or quantitative indicators that a market was due to rise or fall. (One rule reads, in part: “Not all opinions are equally valuable so don’t treat them as such.”)

Persons: Ray Dalio, Dalio, Bridgewater Organizations: Bridgewater Associates, Bridgewater, White, Federal Reserve Locations: Manhattan, Bridgewater

☆ Billionaire Ray Dalio Pushes for Return to Hedge Fund in Succession Clash
▼ + stars: | 2023-09-15 | by ( Rob Copeland | More About Rob Copeland | ) www.nytimes.com time to read: +1 min

Less than a year after retiring, Ray Dalio, the founder of Bridgewater Associates, the world’s largest hedge fund, is threatening his former colleagues with the one thing they have worked hard to prevent: his return. The billionaire investor, who is 74, doesn’t necessarily want to come back to run the firm he founded 50 years ago. Bridgewater’s main fund has been on a downward slide since Mr. Dalio’s retirement. Some of Bridgewater’s top staff and board members, including its chief executive, Nir Bar Dea, whom Mr. Dalio appointed, have repeatedly told him that they will quit if he interferes. They fear that Mr. Dalio might use the proposed fund as a way to come back and reassert control, according to people briefed on internal deliberations but not authorized to speak publicly.

Persons: Ray Dalio, Dalio, Dalio’s, Nir Bar Dea Organizations: Bridgewater Associates Locations: Bridgewater

☆ Premarket stocks: Tech earnings could wreck Wall Street's party
▼ + stars: | 2023-01-24 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +7 min

New York CNN —Big Tech earnings are here, and investors are hoping they don’t wreck the good vibes on Wall Street. Three giant tech earnings reports this week — Microsoft (MSFT), Tesla (TSLA)and Intel (INTC) — could change that. In the year-ago quarter, earnings were $2.48 per share on $51.73 billion in revenue. Still, Wall Street expects Tesla’s earnings to grow, if not at the explosive pace of the past few years. Analysts at Goldman Sachs predict that tech growth will slow to 9% between 2021 and 2024 while the sales growth of the overall S&P 500 reaches 7%.

☆ Citadel's $16 billion haul smashes hedge fund records
▼ + stars: | 2023-01-23 | by ( Anna Cooban | ) edition.cnn.com time to read: +2 min

London CNN —Citadel is now the most successful hedge fund ever after it made $16 billion last year — the biggest annual windfall on record. The Miami-based fund, founded and run by Ken Griffin, topped the 2022 ranking of the world’s best-performing hedge funds based on estimates from LCH Investments NV. Citadel’s record-breaking performance last year took total gains for the fund since its inception to nearly $66 billion. Dalio’s fund made $6.2 billion last year, bringing total assets under management to $81 billion. LCH was launched in 1969 and is the world’s oldest fund of hedge funds.

☆ Analysis: This guy made $150,000 a day, because Corporate America is out of control
▼ + stars: | 2023-01-23 | by ( Allison Morrow | ) edition.cnn.com time to read: +7 min

I’m seeing the words “recession,” “crypto,” “debt ceiling,” the “M&M’s spokescandy scandals…”And yet, I am bound my duty as a journalist not to shy away from the hard candy shell news. I know, I know, you’re all tired of the media’s relentless coverage of the M&M Spokescandy Saga, aka the Culture War Battle that is shaping social discourse in the Year of Our Lord 2023. The company claims it didn’t think anyone would notice when it released the changes to the characters’ appearance. “We definitely didn’t think it would break the internet,” it said in a press release that frankly reeked of champagne and high fives. Oh you didn’t think anyone would notice, M&M marketing wizards?

☆ ‘Principles for Navigating Big Debt Crises’ Review: Charting the Markets
▼ + stars: | 2023-01-06 | by ( Daniel Rasmussen | ) www.wsj.com time to read: 1 min

Ray Dalio’s “Principles for Navigating Big Debt Crises” is the work of a self-taught economist and self-made billionaire. The first 70 pages of the book, in which the founder of Bridgewater Associates introduces his theory of debt cycles, have no citations. He apparently stands on the shoulders of nobody. Mr. Dalio’s education came on trading floors, not in classrooms. “Big Debt Crises” is his response to that challenge: a compilation of historical case studies presented as a trader would have experienced them in real time.

☆ The bubble in predicting the end of the world
▼ + stars: | 2022-12-01 | by ( Edward Chancellor | ) www.reuters.com time to read: +7 min

Former U.S. Treasury Secretary Larry Summers says the world faces the “most complex, disparate and cross-cutting set of challenges” he’s ever encountered. In his wittily titled “The End of the World is Just the Beginning”, the geopolitical strategist suggests that a number of countries from Germany to China face insuperable demographic challenges. The threat to America’s global hegemony from China is the subject of Ray Dalio’s “The Changing World Order”. The U.S. stock market bubble has only partially deflated, bond yields around the world trail below inflation, and global property markets are exposed to rising interest rates. The Assyrian who forecast the world would end in 2800 BC was wrong.

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