Principles: Life and Work

Principles: Life and Work

Ray Dalio, one of the worldâ‚¬s most successful investors and entrepreneurs, shares the unconventional principles that heâ‚¬s developed, refined, and used over the past forty years to create unique results in both life and businessâ‚¬"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 magazineâ‚¬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 Bridgewaterâ‚¬s exceptionally effective culture, which he describes as â‚¬Å“an idea meritocracy that strives to achieve meaningful work and meaningful relationships through radical transparency.â‚¬Â It is these principles, and not anything special about Dalioâ‚¬"who grew up an ordinary kid in a middle-class Long Island neighborhoodâ‚¬"that he believes are the reason behind his success.

In Principles, Dalio shares what heâ‚¬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 bookâ‚¬s hundreds of practical lessons, which are built around his cornerstones of â‚¬Å“radical truthâ‚¬Â and â‚¬Å“radical transparency,â‚¬Â 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 â‚¬Å“baseball cardsâ‚¬Â 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 theyâ‚¬re seeking to achieve.

Here, from a man who has been called both â‚¬Å“the Steve Jobs of investingâ‚¬Â and â‚¬Å“the philosopher king of the financial universeâ‚¬Â (CIO magazine), is a rare opportunity to gain proven advice unlike anything youâ‚¬ll find in the conventional business press.
Country USA
Brand Simon & Schuster
Manufacturer Simon & Schuster Audio
Binding Audio CD
PartNumber Relay time: 990min; 14 Units
Height 5.75
Length 5
Weight 0.85098433132
Width 1.5
ReleaseDate 2017-09-19
NumberOfItems 1

Country	USA
Brand	Simon & Schuster
Manufacturer	Simon & Schuster Audio
Binding	Audio CD
PartNumber	Relay time: 990min; 14 Units
Height	5.75
Length	5
Weight	0.85098433132
Width	1.5
ReleaseDate	2017-09-19
NumberOfItems	1

Principles: Life and Work

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