Greg Jensen nailed inflation, the Ray Dalio leadership change, and won at poker. Inside his big year.

Starting in a much more modest two-bedroom New York City apartment 47 years earlier, Dalio had built Bridgewater Associates into a $150 billion colossus, and for a long time it was unclear whether he would actually ever hand over the business he created. The rollercoaster transition process dragged on for 12 years, with fits and starts that included Jensen’s own demotion. The vast majority of hedge fund firms don’t outlast their founders. ... + full article