Bridgewater Had Believability Issues

A big secret about some well known investment firms:

They have leagues of Harvard Math PhDs building “algorithms”. Behind closed doors is the founder or some guy you’ve never heard of making wild gut based trades on the market. This was how Pimco in its hay day operated. Billions in investment money can be managed by one person, with a legion of coders and support (“investment professionals”) standing by

Related ongoing thread:

'Ray, this is a religion': How Bridgewater lost two top hires - https://news.ycombinator.com/item?id=38181408 - Nov 2023 (104 comments)