Principles: Life and Work

November 6, 2019 - Comment

#1 New York Times Bestseller “Significant…The book is both instructive and surprisingly moving.” —The New York Times Ray Dalio, one of the world’s most successful investors and entrepreneurs, shares the unconventional principles that he’s developed, refined, and used over the past forty years to create unique results in both life and business—and which any person

#1 New York Times Bestseller

“Significant…The book is both instructive and surprisingly moving.” —The New York Times

Ray Dalio, one of the world’s most successful investors and entrepreneurs, shares the unconventional principles that he’s developed, refined, and used over the past forty years to create unique results in both life and business—and which any person or organization can adopt to help achieve their goals.

In 1975, Ray Dalio founded an investment firm, Bridgewater Associates, out of his two-bedroom apartment in New York City. Forty years later, Bridgewater has made more money for its clients than any other hedge fund in history and grown into the fifth most important private company in the United States, according to Fortune magazine. Dalio himself has been named to Time magazine’s list of the 100 most influential people in the world. Along the way, Dalio discovered a set of unique principles that have led to Bridgewater’s exceptionally effective culture, which he describes as “an idea meritocracy that strives to achieve meaningful work and meaningful relationships through radical transparency.” It is these principles, and not anything special about Dalio—who grew up an ordinary kid in a middle-class Long Island neighborhood—that he believes are the reason behind his success.

In Principles, Dalio shares what he’s learned over the course of his remarkable career. He argues that life, management, economics, and investing can all be systemized into rules and understood like machines. The book’s hundreds of practical lessons, which are built around his cornerstones of “radical truth” and “radical transparency,” include Dalio laying out the most effective ways for individuals and organizations to make decisions, approach challenges, and build strong teams. He also describes the innovative tools the firm uses to bring an idea meritocracy to life, such as creating “baseball cards” for all employees that distill their strengths and weaknesses, and employing computerized decision-making systems to make believability-weighted decisions. While the book brims with novel ideas for organizations and institutions, Principles also offers a clear, straightforward approach to decision-making that Dalio believes anyone can apply, no matter what they’re seeking to achieve.

Here, from a man who has been called both “the Steve Jobs of investing” and “the philosopher king of the financial universe” (CIO magazine), is a rare opportunity to gain proven advice unlike anything you’ll find in the conventional business press.

Comments

Anonymous says:

I really didn’t find much value in this book I know that many people love this book but I just could not find any value in it. I’m not the kind of person who will put down a book that I don’t like. So I stuck it out and read the whole thing in hopes of finding value. The author has led a very impressive life and has made a boatload of money in his business. To me this book was more about the author explaining his success than it was about how I might achieve some additional success. Yes if I was a billionaire it would be easy to measure…

Anonymous says:

Exceptional Book – 6 Stars This book was fantastic and extremely organized. The author starts the book by giving the reader a background on who he is and how he arrived at the principles that were outlined. This part of the book is good for anyone that’s not familiar with the author’s backstory. It was somewhat astounding to learn that Mr. Dalio was literally broke in 1982 and has come-back to build a 150 billion dollar hedge fund.In the second part of the book, the author gets into the stuff that’s…

Anonymous says:

The illusion of a great self-help book The book LOOKS sharp. You look at the cover, see Bill Gates and Tony Robbins like it, and decide to open it up to see whats inside. Clearly there is a good graphic designer working with him. If you read the intro, you can tell the book is well written, and Ray Dalio has been very successful. That convinced me to purchase it and read it.The book is split into his autobiography and his life and work principles.The most salient points in his autobiography are that he wants…

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