The Svengali of Westport, Bridgewater Associates founder Ray Dalio, teaches that we must hold people accountable and not let them off the hook. That we should not feel bad about mistakes but love them, getting over “blame” and “credit” and getting on with “accurate” and “inaccurate,” while at the same time recognizing that the responsible party is the person who bears the consequences of what is done. That’s unfortunate, because no lesser a personage than some guy at the Securities and Exchange Commission says that Bridgewater’s 20.6% drop this year is totally not its fault.
