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Principles: Life and Work

Principles: Life and Work

Written by Ray Dalio

Narrated by Ray Dalio and Jeremy Bobb


Principles: Life and Work

Written by Ray Dalio

Narrated by Ray Dalio and Jeremy Bobb

ratings:
4.5/5 (911 ratings)
Length:
16 hours
Released:
Sep 19, 2017
ISBN:
9781508243250
Format:
Audiobook

Also available as...

Also available as bookBook

Also available as...

Also available as bookBook

Editor's Note

Hit your goals…

You’re not maximizing your potential. Turn that potential into reality with these proven tools for decision-making, conquering challenges, and building strong teams from “the Steve Jobs of investing.” You won’t get his innovative advice from conventional business guides.

Description

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.
Released:
Sep 19, 2017
ISBN:
9781508243250
Format:
Audiobook

Also available as...

Also available as bookBook

About the author

Ray Dalio is the founder and cochairman of Bridgewater Associates, which, over the last forty years, has become the largest and best performing hedge fund in the world. Dalio has appeared on the Time 100 list of the most influential people in the world as well as the Bloomberg Markets list of the 50 most influential people. He is the author of Principles, Big Debt Crisis, and The Changing World Order. He lives with his family in Connecticut.


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Reviews

What people think about Principles

4.6
911 ratings / 87 Reviews
What did you think?
Rating: 0 out of 5 stars

Reader reviews

  • (5/5)
    Such insightful and practicable principles can be applied in real life and work scenarios. Ray Dario gave a great impact in my life. Thanks
  • (5/5)
    good book, it is worth to read. the book provides many useful principles
  • (4/5)
    Useful learning from an experienced leader and data-driven improver who shares his own principles for life and work.
  • (5/5)
    Effective management book well written and narrated by one of the greatest game changers of our time. A must for everyone in business!
  • (5/5)
    Great book! I love the sound of an idea meritocracy and it's interesting seeing how Bridgewater has been able to implement it.
  • (5/5)
    a comprehensive work and life manual, from someone who has obviously succeeded. Good stuff..
  • (5/5)
    Best business/life book out there. The audiobook is really good, however, I suggest getting the physical copy. Hand in hand you should have no issues succeeding in what you want applying the principles outlined in the book. Simply amazing.
  • (5/5)
    Outstanding collection of thorough meaningfull insights in which combined will sustain success
  • (5/5)
    One of the best business/ life books. It's broken down into work and life sections but blends so well. Looking forward to adopting some of these principles and tools!
  • (5/5)
    Wow. Extremely comprehensive and illustrated with deeper meaning. A must read for any business owner.
  • (4/5)
    Loved the no nonsense style of narration and content. Like the clear thinking thought process of Ray and sharing what he has learnt from life and what worked for him. Definitely provides a lot to reflect on and figure out what works for each of us.
  • (5/5)
    Very comprehensive advise based on decades of experience and data.
  • (4/5)
    Great life insight, perspective, thought all related to our decision making
  • (4/5)
    The book has lots of great concepts and ideas, but tends toward repetitiveness.
  • (5/5)
    Definitely worth reading more than once. I have made it my secondary bible
  • (3/5)
    The book starts off with lots on inspiration as Ray details his journey and principles. A third of the way in the beat changes and it becomes verbose and lacking as the focus turns to the management of staff and loses its way. In essence, there are two separate books here. The first one is great, the second not so much.
  • (5/5)
    I would recommend it to every business owner who wants to grow and make a great establishment. His words are practical and relatable
  • (1/5)
    This book is a joke. It was written by a ghost writer. When published it just didn’t get the recognition and reviews. Firstly on Amazon. So they started to pour money into promoting it like the new “48 laws of power”. Again it didn’t work the first time. So they poured even more money into the promo. Then it helped. Now I see it being it a number 4. I guess they spent more on the promotion that they made out the earnings. The whole thing seems to me like some ego driven desire to be a successful writer. The contents of the book are worth a discussion about life with some stranger in an elevator. Save your time.
  • (4/5)
    A great book to recreate focus in both work and outside life.
  • (5/5)
    The funniest part was when he talked about his favorite book, Joseph Campbell's man of a thousand faces. I read that book as an interesting work of comparative myths across cultures revealing common themes in humanity and the struggle of life. Dalio read it as a life map and self-help book. Like he read about the hero's journey and thought it was about him? Maybe that's only odd to me.

    Anyway, the book is interesting. I'd skip the first part and go right to the middle and the end where he talks more practically about his principles. I feel like the principles could have been put on a flash card and didn't need so much repetition: be radically transparent, humble, know yourself, strive to understand truth and don't delude yourself, and fire people who suck. Nothing revolutionary, but the principles are wise and useful
  • (5/5)
    Life changing book that really made me look at the world and all my relationships differently
  • (4/5)
    To my surprise, this is actually a decent self-help book. And despite the fact that at least the third of it consists of repeated principles and catch phrases, it’s an enjoyable read.
  • (5/5)
    This book delivers great insight. It provides tons of valuable materials.
  • (5/5)
    One of the top ten best looks ever Ray Dalio provides you with simple principles that will cha get your life.
  • (5/5)
    Its an insightful book for a radically transparent principles. I find the principles shared with methods to applying it relevant n practical. The storytelling style by ray dalio himself is entertaining - it feels like being personally coached.
  • (5/5)
    Amazing book. Will definitely listen to the audiobook again and again. Way more informative and intellectual than I had imagined.
  • (5/5)
    Best app &book. Just loved it thanks very much .
  • (5/5)
    What a book.
    I need to hear it at least 2-3 additional times.
  • (5/5)
    If I could describe Ray, who wrote this book by using just it one work it would WISE. This is the best management book I have ever read.
  • (5/5)
    This book is very important to all. I would like to recommend to all. It is very useful for school children. It gives lot of new informations. I enjoyed to read this book. It is make a knowledgeable. I feel very comfortable for it. I would like to share with you all.