for a couple of years, he worked at bridgewater.k of the book is about lessons in leadership, business culture, and you don't really get to the trump stuff until the last 50 pages or so. he spent the bulk of his career in public service, but he did work for lockheed martin and ray dalio, which at bridgewater, is notorious for a ruthless and super transparent culture. i said, what did you learn about that? immediately, he said he learned about his weaknesses. i'm not honest enough, and even as a tough prosecutor for two decades, i still cringe at giving people negative feedback. one thing that struck me about the book is the degree to which this guy has had a front row seat to some of the most crucial debates in american life in the last 20 years. he had a key role in bringing down the mob in the early 1990's. he is the guy who decided to press the case for insider trading against martha stewart. he pushed back as the deputy attorney general in the first term of the bush administration against the legal rationale for torture and surv

you have to go to bridgewater, for example.all weather really popularized the term risk parity. to make it simple, risk parity is all about diversification, it is a model that will put you in every single asset class and instead of your traditional 60% stocks, 40% bonds, it will look more heavy toward the bonds because you want your risk to be even, spread out throughout all the assets. again i started with saying it , was simple, all about diversification, but it gets complicated very quickly. carol: there lies the rub, because risk parity is arranged in terms of definition. people can define it differently and you talk about bonds and stocks and that is a simple way, but you can pull in other asset classes, leverage, you can go all over the place. dani: absolutely. some people say that. i love this one story from bridgewater, the co-cio's sister-in-law asked how she should be investing money and he built her a risk parity type portfolio just through etf's. at the end of the day, it is a concept. invest in different asset clas

emma bridgewater is one of the country's most famous potters, tapping into hundreds of years of traditionouncement about the engagement was made. how quickly after that were you getting requests? >> within an hour. customers were messaging us. often they've already bought their mugs for prince george or princess charlotte. >> reporter: the company sold 35,000 pieces for prince will m william's wedding alone. they're hoping to top that for harry and meghan. and of course no british occasion would be complete without beer. harry and meghan's windsor knot is proving very popular. >> brew it with barley from the royal farm here in windsor. and we combine that with hops from the west coast of the u.s. >> reporter: windsor and eaton brewery has made about 12,500 gallons of the stuff. >> there's a fair chance we're going to run out before the big day is over. >> reporter: even if your aren't caught up in wedding fever, brits won't pass up an excuse to celebrate. for "nightline," i'm james longman in windsor, england. cheers. >> cheers. >> thank you, james longman, clearly enjoying the royal beat

his career between senior jobs and a justice department and physicians in private practice with bridgewater associates. he said he never expected to write a book but chose to do so to drive the conversation about ethical leadership emanations core values. please call president tom out of step with those values comparinger him to one that stresses personality and has little regard for morality or truth. i keep going up 17 but then to see him again for sending form your own impressions that have form your own impressions that have playbook at politico just over a decade ago. he left politico in 2013 publishedd c-17 and author every day of the newsletter 2:17 a.m. please welcome james comey 17 but then you told me bethphage you hope never to do it again into her life. >> wear a tie mac. [laughter] but all the different types but that has been driving up the sales record. [laughter] [laughter] i wish you would not be tweeting at me. but then for michael will but then i'm like the breakup that you cannot get over for some reason. [laughter] axios since then with but also with george washington b

emma bridgewater is one of the country's most famous potters, tapping into hundreds of years of tradition the announcement about the engagement was made, how quickly after that were you getting requests? >> within an hour, customers were messaging us. often they've already bought their mugs of prince george or princess charlotte. >> reporter: they sold 35,000 pieces for prince william's wedding alone. they're hoping to top that for meghan and harry. no occasion would be complete without beer. it is already proving very popular. >> you brew it with barley from the royal farm here in windsor. and we combine that with hops from the west coast of the u.s. >> reporter: they've made about 12,500 gallons of the stuff. even if you aren't caught up in all the wedding fever here, brits won't pass up an excuse to celebrate. i'm james longman in windsor, england. >> cheers. >> cheers. hey, longman! >> or it could just mean that we had an early start. the wedding's going to be awesome. >>> when we come back, we'll talk about which celebrities are expected at the wedding. >>> and the white house settle

john is on a republican line from bridgewater, new jersey. what the you think?- what do you think? i would never want the democrats in power because they would take away certain things. not all things. they revealed themselves in the 1990's when they had a lot of power. term, theys first were so aggressive about going after guns, that would cause the backlash that we still have now. touess they just wanted control your lifestyle. i live in new jersey. it is very hard to get a permit to buy a gun. i don't know why i live here, but i was born here. trump has been brilliant in nra,ring -- supports the especially now. he got the evangelical vote by dealing with the supreme court. the man is brilliant. anyone who says otherwise just doesn't understand what's happening. host: emily is on our democratic line from denver, colorado. caller: i think it's really sad for our country. i always vote for the constitution. i think we should uphold the second amendment, but we have to stop killing people. gunidea of children having drills in schools, it just blows my mind. donal

senior jobs in the us justice department and physicians in private practice with lockheed martin and bridgewater associates. james comey said he never expected to write a book and chose to do so to drive a conversation about ethical leadership and our nation's core values. he called donald trump out of step with those values, comparing him to a mob boss, stressing personal loyalty over the law and has little regard for morality or truth. not surprisingly the pres. has had some choice words for mr. comey calling him a leaker and a liar among other derogatory epithets. meanwhile, sales of "a higher loyalty: truth, lies, and leadership" keep going up. [applause] and tickets for events like this one sellout in minutes. you will get a chance to see and hear him in person and form your own impressions without a filter. he will be in conversation with mike allen, one of the most prominent and tireless journalists who wrote for the washington post and a couple other news organizations before launching a daily newsletter just over a decade ago. he left politico in 2016 to establish axioms where he is now

justice department and positions in private practice with such firms as lockheed-martin and bridgewater associates. mr. comey says he never expected to write a book but eventually chose to do so to drive the conversation about ethical leadership and their nation's core values. he is called president trump out of step with those values comparing him to a mob boss and stresses personal loyalty over the law and has little regard for morality or truth. not surprisingly the president has had some choice words for mr. comey calling him a bleaker and a liar among other derogatory names. meanwhile sales of "a higher loyalty" keep going up. [applause] and tickets for events like this one fell -- sell out in minutes. this evening you will get a chance to see and hear mr. comey in person and form your own impression without a filter. you will be in conversation with mike allen one of washington's most prominent and tireless journalist. mike wrote for the "washington post" and a couple of other news organizations before watching the daily newsletter playbook and "politico" just over a decade ago. h

million ray dollio come in at number four, raking in $3.1 billion, thanks to fees generated by bridgewater, the largest hedge fund, appaloosa's david tepper edged out the number two spot with $1.5 billion, and number one was mr. simons of renaissance technologies he took in a whopping $1.7 billion. and as my colleague robert frank calculated, hedge fund managers that brought in more than a billion dollars last year earned, get this, guys, $145,000 an hour. so during the course of this show, $145,000 or $2400 every second of the day. >> so much for the death of active management if you're doing it well. and doing it right lee cooperman is on the list, about $500 million it says here dan loeb, $625. the biggest names doing all right. >> that's a distinction from last year where we sought saw a lot more quantity managers where the algorithms were in control, not earning the money, but the guys running the firms who had the algorithms made the top of the list last year >> thanks. leslie picker. >> let's get to futures now. jackie has the story on crude. >> well, crude is surging today. over 2%

bridgewater has reduced some u.s. equity exposure. we see the market start to move higher.in earnings season, at the end, but still there. you are looking at yelp, which is reporting tomorrow. you have a more complex trade here. what prompted it? what's the strategy here? alon: it's an interesting trade. strategy.cus on we are not making a call to get long on the stock or be shorted. there is a perform rating on it. a lot of smart investors think if you are long it, there is a nice way to protect the position, we are recommending a trade strategy called the back spread. what it entails as you are selling one time at the money put and buying three times out of the money put. in single names, it depends on what percentage. we chose between 5% and 10%, which is somewhat of the expected move. with this -- what this does is you are buying, i will use 500,000 shares as the example, we are buying 7500 at the $45 put and selling at the $48 put. if the stock gets crushed, you are stopping yourself out on the long 500,000 share position through the extra puts you own. julie: the impo

world bank was the first investor in bridgewater. identifying early is not a bad ink.as in finding other, new emerging managers. what happens is that when people ideaa very specific, niche , you might be able to generate more out to them when you are part of the bigger organization, where you might not be able to generate enough ideas. by definition, the emerging managers are doing really well. specifically in 2008, when there was an incredible market correction. the emerging market managers in our portfolios hugely outperformed the traditional. so, narrow is good here. your firm, rock creek, a woman founded firm, you take diversity seriously. 55% of your employees are women or people of color, by design. for those people who say it is hard to find diverse talent and you can't source it, what do you first ofem? afsaneh: all, 90% of our management team is women or divers. we don't go around looking for it, it just happens naturally in our dna. it's much easier to find women, you just have to make a work environment that is open, transparent, equitable and takes into acc

here alternating between senior jobs and positions in private practice like lockheed martin and bridgewater and associate said he never affected to write a book that chose to do so to drive the conversation about leadership and our nation's core values compares trump to a mob by stressing personal loyalty over law and has little regard for morality truth. not surprisingly the president has had choice words for mr. comey calling him a liar and fails the higher loyalty keep going up. [laughter] and ticket for event like this in minutes you can see here mr. comey in person to be in conversation with mike allen one of the most prominent entire journalist wrote for the washington post before launching the daily newsletter playbook a decade ago. you have to help establish axios. please join me to graduate on --dash welcome our guests - you have built politics & prose the best bookstore here in the nation operable mr. director backstage you said you said you hope to never do again in your life. >> where a time my daughter reminded me she is getting married in july. [laughter] but you said through