Principles (UnabridgedāŖ)ā¬
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- $34.99
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- $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 magazineās list of the 100 most influential people in the world. Along the way, Dalio discovered a set of unique principles that have led to Bridgewaterās exceptionally effective culture, which he describes as āan idea meritocracy that strives to achieve meaningful work and meaningful relationships through radical transparency.ā It is these principles, and not anything special about Dalioāwho grew up an ordinary kid in a middle-class Long Island neighborhoodāthat he believes are the reason behind his success.
In Principles, Dalio shares what heās 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 bookās hundreds of practical lessons, which are built around his cornerstones of āradical truthā and āradical 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 ābaseball 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 theyāre seeking to achieve.
Here, from a man who has been called both āthe Steve Jobs of investingā and āthe philosopher king of the financial universeā (CIO magazine), is a rare opportunity to gain proven advice unlike anything youāll find in the conventional business press.
APPLEĀ BOOKS REVIEW
The founder of the worldās largest hedge fund shares his revolutionary business philosophies in Principles. Equal parts wise and irreverent, Ray Dalio breaks down complicated economic machinations to show how you can assess risk and recognise opportunity in a controlled, organised way. Drawing from his decades of experience and deep knowledge of markets and the global economy, Dalio explains how to achieve success, meaningfully and effectively, while still thinking for yourself. (In fact, thatās one of the most important lessons here.) As Dalio narrates his journey, he conveys confidence and intelligence. This is an essential listen for entrepreneurs, but these practical strategies can easily be applied to anyoneās life and work.
Customer Reviews
LIFE CHANGING
Could not rate this book high enough! Read it 5 times, now listening to the audiobook version.
Powerful
10/10