Is The Bottom Finally In: Bridgewater Puts On $14 Billion Short https://www.zerohedge.com/markets/b...the+survival+rate+for+everyone+drops+to+zero)
All those intelligent folk whether their last name is Greenspan or Dalio, once they become celebrities - something cracks inside, the disconnect with reality goes beyond the point of no return.
I have a feeling a lot are degenerate gamblers that strike it filthy rich on a giant play so all of the sudden are considered gurus worth managing billions of dollars. FWIW, I know nothing about Dalio. I don't think you'd have a hard time finding people on here who are profitable year after year, with better risk management than some of these guys.
They did buy 1,5B worth of puts on indices in November, assembled by GS and MS. Wonder how those are doing.