Principles (Unabridged) Principles (Unabridged)
Principles

Principles (Unabridgedā€Ŗ)ā€¬

    • 4.4 ā€¢ 66 Ratings
    • $34.99

    • $34.99

Publisher Description

An Avid Reader Press book. Simon & Schuster has a great book for every reader.

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 magazineā€™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 Bridgewaterā€™s exceptionally effective culture, which he describes as ā€œan idea meritocracy that strives to achieve meaningful work and meaningful relationships through radical transparency.ā€ It is these principles, and not anything special about Dalioā€”who grew up an ordinary kid in a middle-class Long Island neighborhoodā€”that he believes are the reason behind his success.

In Principles, Dalio shares what heā€™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 bookā€™s hundreds of practical lessons, which are built around his cornerstones of ā€œradical truthā€ and ā€œradical transparency,ā€ 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 ā€œbaseball cardsā€ 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 theyā€™re seeking to achieve.

Here, from a man who has been called both ā€œthe Steve Jobs of investingā€ and ā€œthe philosopher king of the financial universeā€ (CIO magazine), is a rare opportunity to gain proven advice unlike anything youā€™ll find in the conventional business press.

GENRE
Business & Personal Finance
NARRATOR
RD
Ray Dalio
LANGUAGE
EN
English
LENGTH
16:05
hr min
RELEASED
2017
19 September
PUBLISHER
Simon & Schuster Audio
SIZE
802.9
MB

Customer Reviews

Emma140201 ,

LIFE CHANGING

Could not rate this book high enough! Read it 5 times, now listening to the audiobook version.

camolovešŸ’œ ,

Powerful

10/10

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