Bridgewater, the world’s largest hedge fund, has been portrayed as a bizarre, Moneyball-type machine in which employees’ every move is monitored and assessed, increasingly by computer algorithms. Awful as that may sound, what if it’s actually a step toward a happier and more prosperous world?
Granted, descriptions of the place — including a recent Wall Street Journal article to which founder Ray Dalio has taken vociferous offense — make it seem pretty dystopian. The firm, for example, amasses employee data to produce individual “Baseball Cards,” with scores and ratings on dozens of attributes. That’s great if the system turns you into a Honus Wagner card, but possibly demoralizing for anyone else.
Author: Elaine Ou