Principles (Unabridged) Principles (Unabridged)
Principles

Principles (Unabridged‪)‬

    • 4.4 • 731 Ratings
    • $16.99

    • $16.99

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 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.

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

Customer Reviews

DynTastic ,

A must read

One of my favorite “operating manual” books for business and life - a true “here’s what I’ve learned” from a remarkably open and honest Mr. Dalio. It doesn’t matter how you feel about the author, this is information that every human being needs to hear.

Nic CurMir ,

Big fan!

I enjoyed this book, the section on mistakes and realizing mistakes offer growth vs failure has resonated with me deeply! Warning- there’s a chapter or two with a different reader, wasn’t a fan of the switch but the content remained excellent!

Mick Denning ,

Fascinating and Thought Provoking

I can’t recommend Ray Dalio’s books enough. Anyone in management or leadership of any kind could benefit from his principles. Take those you like, pocket those you don’t. As a Naval Officer, I’ve enjoyed folding his approach into my leadership style.

Listeners Also Bought

Principles for Dealing with the Changing World Order (Unabridged) Principles for Dealing with the Changing World Order (Unabridged)
2021
Your Next Five Moves (Unabridged) Your Next Five Moves (Unabridged)
2020
Zero to One: Notes on Startups, or How to Build the Future (Unabridged) Zero to One: Notes on Startups, or How to Build the Future (Unabridged)
2014
The Psychology of Money: Timeless Lessons on Wealth, Greed, and Happiness (Unabridged) The Psychology of Money: Timeless Lessons on Wealth, Greed, and Happiness (Unabridged)
2020
The Intelligent Investor Rev Ed. The Intelligent Investor Rev Ed.
2015
MONEY Master the Game (Unabridged) MONEY Master the Game (Unabridged)
2014

Other Books in This Series

Principles for Dealing with the Changing World Order (Unabridged) Principles for Dealing with the Changing World Order (Unabridged)
2021
Principles for Navigating Big Debt Crises (Unabridged) Principles for Navigating Big Debt Crises (Unabridged)
2022