used exactly that title on his "silentadministration.org" blog. The rest of us might attribute Dalio's 2010 success to a lot of skill on his part and of those in his firm, meditating or no, and perhaps quite a bit of random luck and fortunate timing; let's not fail to point out that this same fund only earned two percent the previous year. But it's always the habit of various salesmen, be they selling traditional snake-oil woo or the products of Maharishi's movement, to take credit for the upside and ignore the inevitable downside. I think I'll wait and see how Dalio's hedge funds do for the next few years. Let's also not fail to mention the link at the bottom of that lead "Clusterstock" story: "Bridgewater Employees Rave About Getting Blackout Drunk And Mud-Wrestling With Ray Dalio."
- Tweet by rajafelix on January 6, 2011
- Haters Are Choking On Their Insults Now That Ray Dalio Just Made ~$2 Billion In 2010, Katya Wachtel, Clusterstock, Business Insider, January 6, 2011
- Bridgewater Employees Rave About Getting Blackout Drunk And Mud-Wrestling With Ray Dalio, Katya Wachtel and Courtney Comstock, Clusterstock, Business Insider, November 2, 2010
- Transcendental Meditation boosts Hedge Fund profits, "Raja" Felix Kägi's "Good News" blog at silentadministration.org, October 27, 2010
- Ray Dalio Explains How The Beatles Inspired Him To Meditate, Courtney Comstock, Clusterstock, Business Insider, October 26, 2010
- Ray Dalio Is Too Modest To Admit He Returned 38% YTD Using Transcendental Meditation, Courtney Comstock, Clusterstock, Business Insider, October 25, 2010
- Finally We Find Out How Ray Dalio's Bridgewater Is Making Billions More Than Every Other Hedge Fund This Year, Courtney Comstock, Clusterstock, Business Insider, October 22, 2010
- Ray Dalio's Bridgewater Is Mysteriously Up 31% Through August, Courtney Comstock, Clusterstock, Business Insider, October 18, 2010
Bob wrote this back when the building first went up for sale: "The reason why they are selling is because it's an embarrassment for Hagelin to keep touting the group in Fairfield as being responsible for the market run-up which is no more. Hagelin had a vision of being able to sit in a grand bldg in the middle of the financial district and take credit for everything good happening in the markets correlated to the rising numbers of meditators in the domes -- now that he can't do that without being laughed at, the bldg has got to go..."
- Landmark Sold to Chinese Buyer, Josh Barbanel, Wall Street Journal, December 21, 2010
- Would-Be Wall Street Mansion Sold to Chinese Firm for 60 Percent Off, Matt Chaban, The New York Observer, December 22, 2010
- On the Market: Make the Craziest FiDi Mansion Ever, Curbed, September 17, 2009
- Yahoo group Fairfield Life, Bob Brigante, September 19, 2009
to quote the wording of the Delaware newspaper's article.
According to The News Journal, Susan Gore also donated money and time to one of the TM movement's projects to introduce its meditation into a Vermont prison. At one point Gore was paying $12,000 a month to a Wyoming woman who served as a spiritual and financial advisor.
- The Gore war: W.L. Gore's descendants take sides in a fight over millions, Cris Barrish, The News Journal (Wilmington, Delaware), January 2, 2011
- Generations of Gores clash in courtroom: Trust heirs dispute bizarre adoption, Cris Barrish, The News Journal (Wilmington, Delaware), January 11, 2011
Neil Paterson has been arrested in Canada and charged with fraud. It's not clear, from this rather confusing and blatantly sensationalistic National Post article, what the connection is between Neil and the business that was headed by his brother John, but we hear, and Wikipedia cites a Globe and Mail report, that Neil actually owned most of the gold mining operation that was the vehicle for his brother's alleged criminal activity. Neil Paterson was leader of the Natural Law Party of Canada, and ran unsuccessfully multiple times in federal elections there. I received the extra syllable of the so-called "advanced technique" from him in Washington DC in the early 1980's... The Natural Law Party is still alive in Michigan... Maharishi Ayurvedic Products is franchising in India, here's the press release... Also in India, The Assam Tribune reports on allegations that buses run by the TM-affiliated Maharishi Vidya Mandir to transport school children, among others, "are old, polluting vehicles in poor running condition, with the result that these frequently suffer breakdowns and are highly susceptible to mishaps. The general practice is to use those buses for schools which are unfit for other running purposes."
Go see "David Wants to Fly." It's playing in the United States at a few festivals and events: in Palm Springs tonight, Denver and San Francisco this weekend, and in Boston in March. Here's Gina's rundown with all the details, on the blog.
Also, recently, on the blog: Laurie on "Transcendental Meditation's Testimonials," a great antidote for when somebody tries to tell you they've made lots of money because of TM, and "Making Sense of a Nonsensical Movement," where I tackle the "Vedic" roots of the TM movement and the "it's not a religion" TM technique. Again.
TM-Free News Brief, 12 January 2011. Published irregularly here on Wednesdays by Mike Doughney, who's solely responsible for its content unless otherwise noted.