Principles

Principles

Book - 2017
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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. Dalio himself has appeared on 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. Now Dalio shares what he has 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. His practical lessons 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.
Publisher: New York : Simon and Schuster, 2017
Edition: 1st ed
ISBN: 9781501124020
1501124021
Characteristics: xviii, 567 p. : ill. ; 24 cm
Alternative Title: Life & work : principles

Opinion

From Library Staff

The founder and co-chairman of the high-performing hedge fund Bridgewater Associates outlines the unconventional principles that he developed over four decades to create unique successes in his personal and professional arenas.


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e
ele81946
May 14, 2019

This is a great book for like minded people. It may come across as another DIY self improvement, however it is not for most people.

Ray is very generous in making the content available free as an Apple App. I like the case studies.

m
mo_moe
Apr 17, 2019

I hope ppl imitate Ray's ideas. We need to save the earth first of all. Right now it is the only planet we inhabit. humanss need to do better!

d
dpatel
Apr 14, 2019

The word principle is very important. A principle is not a process, technique , methodology or belief religious or political or personal. When a principle is confused with beliefs, or techniques the only outcome is disappointment. We see it demonstrated time and time again everywhere and at all times.

l
Leppa
Apr 08, 2019

Today, this book is available, with video examples, for newer iPhones/iPads. (Ray tweeted they are working on an Android version to release later.) On the iPhones/iPads open "App Store" and search for "Principles in Action" by Ray Dalio.

xiv "To be a successful entrepreneur ...: One also has to be an independent thinker who correctly bets against the consensus, which means being painfully wrong a fair amount."

---20

t
tkernaghan
Dec 01, 2018

how about a hardcover or paperback...

j
Jeremylc
Apr 02, 2018

This book is crap overhyped and a lot of fluff

d
driverti1
Oct 23, 2017

Please get the ebook version. Thank you very much!

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