Principles
Ray Dalio is the Founder, Co-CIO, and Member of the Bridgewater Board of Directors, which has grown to become the world's largest and best-performing hedge fund during the previous four decades. Dalio has been named to both the Time 100 list of the world's most important people and the Bloomberg Markets list of the 50 most influential individuals. In addition, he is the #1 New York Times bestselling author of Principles, Principles for Navigating Big Debt Crisis, and Principles for Dealing with the Changing World Order. He resides in Connecticut with his family.
Ray Dalio launched Bridgewater Associates in 1975 from his two-bedroom apartment in New York City. Bridgewater has made more money for its clients than any other hedge fund in history, according to Fortune magazine, and has grown to become the sixth most important private firm in the United States. Dalio has been included to Time magazine's list of the world's 100 most influential people. Dalio uncovered a set of distinct ideas along the road that have resulted in Bridgewater's extraordinarily effective culture, which he characterizes as "an idea meritocracy that aspires to achieve meaningful work and meaningful relationships through radical transparency." These values, rather than anything unique to Dalio, who grew up in a middle-class Long Island neighborhood, he says, are the driving force behind his success.
Dalio explains what he's learned throughout the course of his incredible career in Principles. He contends that life, management, economics, and investing can all be systematized and comprehended like machines. Dalio lays out the most successful ways for individuals and companies to make decisions, approach difficulties, and develop strong teams in the book's hundreds of practical lessons, which are structured around his cornerstones of "radical truth" and "radical transparency." He also discusses the unique methods that the corporation employs to bring the idea of meritocracy to life, such as developing "baseball cards" for all employees that condense their strengths and shortcomings and using computational decision-making algorithms to make believability-weighted judgements. While the book is full of unique ideas for corporations and institutions, Principles also provides a clear, uncomplicated method to decision-making that Dalio believes anybody can adopt, regardless of their goals.
Here, from a man dubbed "the Steve Jobs of investing" and "the philosopher king of the financial universe" (CIO magazine), is a once-in-a-lifetime opportunity to learn verified advice unlike anything else available in the business press.
Author: Ray Dalio
Link to buy: https://www.amazon.com/gp/aw/d/1501124021/
Ratings: 4.6 out of 5 stars (from 11349 reviews)
Best Sellers Rank: #454 in Books
#2 in Business & Organizational Learning
#6 in Introduction to Investing
#8 in Business Decision Making
