Bridgewater's Market Underperformance
Share
Sam Parr shares a story about meeting with hedge fund professionals and learning about Bridgewater's performance.
"I talked to a guy who worked at Bridgewater recently and I asked him 'Bridgewater - I've read up on Ray Dalio, aren't you guys like the best?'
He responded, 'Sometimes we're the best, but the last 15 years we've sucked. We've underperformed the market.'
I was shocked. That's insane - 1500 employees, tens or hundreds of billions in assets, you're all paid like the best there is, and you still can't beat the market. That really put things in perspective for me about how hard it is to consistently outperform the market, even with vast resources."
Sam Parr
Host of MFM and fitness influencer
Sam Parr is a serial entrepreneur and business media pioneer.
In 2016, he founded The Hustle, a business news media company that started in his kitchen with just $12 and grew to eight figures in revenue.
Sam led the charge in making newsletters popular when few believed in their potential.
After four successful years, he sold The Hustle to HubSpot, a publicly traded company. Now operating as HubSpot Media, The Hustle reaches 3 million readers daily, employs a team of nearly 100, and has been the launchpad for dozens of its staff to found their own media companies and newsletters.
Sam remains the host of the popular business podcast, My First Million, and continues to start and sell companies. He also co-founded Hampton, a highly vetted community for entrepreneurs, founders, and CEOs, and teaches people to write better through his platform, Copy That.