Principles - Ray Dalio
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Principles

Updated: 6 Aug 2021
#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.
Writer, Business Coach
14 followers
81 FLIISTs
almost 2 years ago
As Tony says, ‘Success leaves clues.’ Learn the principles that guided Ray Dalio in his life, business, and his financial success,” Robbins’ website states.
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Entrepreneur
9 followers
58 FLIISTs
over 1 year ago
Recently, Cuban read a copy of “Principles: Life and Work” by Ray Dalio, the founder of Bridgewater Associates.
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Blogger, Business Coach
6 followers
61 FLIISTs
over 1 year ago
Ray Dalio, one of the world’s most successful investors and entrepreneurs, shares the unconventional principles that helped him create unique results in life and business—and which any person or organization can adopt to better achieve their goals.
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Blogger, Business Coach
6 followers
61 FLIISTs
over 1 year ago
"I'm reading @RayDalio 's book, Principles."
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Entrepreneur
2 followers
22 FLIISTs
8 months ago
Principles had a profound positive impact on my leadership style.
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Entrepreneur
8 followers
139 FLIISTs
over 1 year ago
So many to pick from in this amazing book. I’m focused on radical truth and radical transparency. Toughest and most uncomfortable to do, both personally and through work, but also the most freeing and impactful. I’ve committed to weekly progress.
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Entrepreneur, Writer
3 followers
75 FLIISTs
8 months ago
Wow. So dense with wisdom that I wanted to highlight almost every paragraph. Instead, I skipped Part 1, about his background, because in the intro he recommends you skip it. I also skipped Part 3, about work principles, since they were all collaborative group-stuff, and I’m not working with anyone now. So here are my notes just from Part 2, “Life Principles”, which were so good I’ll probably re-read this book again next year. Caveat: it’s mostly so high-level — (“Decide what is true, then decide what to do about it.”) — that they’re more like koans to spark your own thoughts, instead of specific “do this” type advice.
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Blogger, Entrepreneur, Writer
5 followers
76 FLIISTs
10 months ago
"The book's buzz and the reaction of the people has been overwhelming." - Gary Vaynerchuk
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Entrepreneur
436 followers
150 FLIISTs
10 months ago
"Ray Dalio has provided me with invaluable guidance and insights that are now available to you in Principles." - Bill Gates
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Politician
2 followers
53 FLIISTs
2 months ago
"Everyone with goals and dreams can learn from [the author]'s approach." - Michael Bloomberg
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