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Publisher Description

#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.

Business & Personal Finance
Ray Dalio
hr min
September 19
Simon & Schuster Audio

Customer Reviews

1_rep_max ,

Should have read the whole thing with his voice

He knows better that to should have had the whole book recited in his own words and emotions, rather than share it with another voice... he did the same thing tony did... and for that, i will not buy their audios again because its a sign of insincerity.

AngryByrddd ,

What is wrong with this

I officially hate audio books. This is poorly made. It won’t tell me what I’ve read on the book and just made me start at the beginning!!!!! I don’t know where I left off!!! And it won’t let me look at each chapter to see what it is about!!! This is so unpleasant and I’m so mad. Never again. Horrible experience.

Todd Makurath ,

I LOVE this book...

But whomever compiled this audiobook at Apple should be fired. Chapter headings are wrong. Chapters start in the middle of sections of recorded audio. There are supposed to be PDF materials accessible as part of the audiobook, but I haven’t been able to find them. It is at its core the single worst prepared audiobook I have ever come across. Ray Dalio would be appalled by this blatant and epic failing of the most basic of functions. It’s too bad because this may be one of the top five books about life and work ever written. I hope someone reads this review, shares with Ray how misrepresented his work is and that creates some impetus for change here. If I could sum it up in one emoji: 🤦🏻‍♂️

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