Dalio recalls when "we" got the Kodak account, which he describes as a big deal because Kodak was a big, important client and the account was a stamp of institutional approval.
Mostly true True in substance, wrong in a detail.
Factual: Statements about the present or the past, checked against the record: did they hold up?
The second judge would not resolve this claim; the verdict shown is the first judge's.
What would count as true or false
Test: whether Bridgewater (Dalio's firm, the 'we') won Eastman Kodak, for example its pension fund, as a client, and whether this was a large and significant institutional mandate for the firm at the time. True: credible records or histories confirm Bridgewater got the Kodak account and that it was an important early institutional client. Mostly true: Kodak was a client, but details such as timing, size or the specific entity differ slightly. Mostly false: Kodak's relationship with Bridgewater was minor or of a different nature from what is described. False: Bridgewater never had Kodak as a client.
Set before the research began.
Evidence (2)
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E1 2021 Industry Innovation Awards | Chief Investment Officer Chief Investment Officer (ai-cio.com) · 21 December 2021
“Kodak was an early investor in venture capital, hedge funds – they were a very early investor in Bridgewater and other funds like Cerberus and Tiger.”
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E2 2021 Industry Innovation Awards | Chief Investment Officer Chief Investment Officer (ai-cio.com) · 21 December 2021
“As an investment associate at Bridgewater, he was given Kodak’s pension as a case study to analyze.”
Reasoning
E1, an independent industry publication, says Kodak was "a very early investor in Bridgewater". That confirms Bridgewater had Kodak as a client early in its history. E2 adds that Kodak's pension was given to a Bridgewater investment associate as a case study to analyze. Neither source says how large the mandate was or whether it was a major stamp of institutional approval, so the significance part of the claim is not fully confirmed.
Cite this claim
Ray Dalio, “Dalio recalls when "we" got the Kodak account, which he describes as a big deal because Kodak was a big, important client and the account was a stamp of institutional approval.” (said 1 February 2018). Verdict: mostly true. Reliability API, claim c_8cac96dddfeb, method 0.1.0+c876030c, dataset release v1.1.2. https://epistacklabs.com/claims/c_8cac96dddfeb
This claim is in dataset release v1.1.2, with the same verdict.
Reply to this claim
More factual claims by Ray Dalio
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“I missed the pandemic. The pandemic took me by surprise.”
Dalio did not anticipate the COVID-19 pandemic and was taken by surprise by it.
Verdicts are made automatically; how verdicts are made.