Ray Dalio Says Bridgewater Going to Broader, More Formalized Partnership

The video discusses a restructuring at Bridgewater, focusing on formalizing a partnership structure. It explains the transition from a meritocratic company to a more formalized partnership model, similar to McKinsey or Goldman Sachs. The process involves designated partners, board representation, and equity distribution. The transition is mostly complete, with further formalization planned over the next three years.

What is the main goal of the restructuring at Bridgewater?

How does the partnership structure at Bridgewater differ from a public company?

What are the roles of the designated preliminary partners in the new structure?

What is the significance of equity for the partners in the firm?

What does the transition process involve in terms of decision-making capabilities?