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Bridgewater's Culture Is Like a 'Nudist Camp' at First: 'Very Awkward'

Ray Dalio, the founder of the hedge fund firm Bridgewater Associates, on Tuesday argued on behalf of his firm's unusual workplace culture, where meetings and internal debates are recorded.

Speaking at a conference sponsored by The New York Times in Half Moon Bay, Calif., the 67-year-old billionaire likened that culture -- which he calls ''radical transparency'' -- to going to a nudist camp for the first time.

''You first walk into a nudist camp and it's very awkward,'' he said at

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