Ray Dalio to Step Down from Bridgewater, to Join DDTG Global

After an abysmal year by the once omniscient Ray Dalio has “decided” to step down from Bridgewater Associates. His flagship fund, Pure Alpha II announced 2Q results of -64.20%. The manager known for his correct calls in 2008, was quoted in late January saying “Cash is Trash” at the market bottom in March proclaimed “We Are Heading Into a Great Depression.” 

Get The Full Ray Dalio Series in PDF

Get the entire 10-part series on Ray Dalio in PDF. Save it to your desktop, read it on your tablet, or email to your colleagues

Q2 2020 hedge fund letters, conferences and more

Dalio is rumored to have been pushed out after his incorrect market calls. One Bridgewater CFO who prefers to remain anonymous, went on record saying “the Pure Alpha Fund Manager is actually a Beta.”

Einhorn’s FOF Re-positions Portfolio, Makes New Seed Investment In Year Marked By “Speculative Exuberance”

david einhorn, reading, valuewalk, internet, investment research, Greenlight Capital, hedge funds, Greenlight Masters, famous hedge fund owners, big value investors, websites, books, reading financials, investment analysis, shortselling, investment conferences, shorting, short biasIt has not just been rough year for David Einhorn's own fund. Einhorn's Greenlight Masters fund of hedge funds was down 3% net for the first half of 2020, matching the S&P 500's return for those six months. In his August letter to investors, which was reviewed by ValueWalk, the Greenlight Masters team noted that Read More


Ray Dalio's Link To DDTG Global

Ray Dalio has been linked to becoming an associate for Dave Portnoy, founder of DDTG Global. Dave, the modern Benjamin Graham, has created a renaissance of value investing with his phrase “Stocks Only Go Up.” DDTG Global is known for its groundbreaking analytics, contrarian beliefs, and exquisite cuisine.

Rumor has it Ray Dalio is responsible for DDTG Global’s latest deep value investment $MVIS. The stock up a meager 789% in the past 3 months, appears fundamentally sound and undervalued. While no one actually knows what this stock is, the company has been described on Twitter as a “hybrid of Enron and Bitcoin”.

With sports restarting Portnoy is believed to be spending his time investing there. According to sources, his next trade involves betting against Lebron in next weeks NBA re-opener.

Jeb

This satire article first appeared on The Stonk Market