In "Principles: Life and Work," Ray Dalio unveils the foundational beliefs that have guided his extraordinary career and personal life. Through a blend of candid anecdotes and practical advice, he emphasizes the power of radical transparency and the importance of data-driven decision-making. Readers are invited to explore his unique framework for problem-solving that champions open-mindedness and continuous learning. With insights drawn from his successes and failures, Dalio offers a roadmap for achieving both personal fulfillment and professional excellence. Will you embrace the principles that could reshape your approach to life and work?
By Ray Dalio
Published: 2018
"Embrace reality and deal with it."
#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.
Showing 8 of 28 similar books
Alex Lieberman is the co-founder and executive chairman of Morning Brew, a media company that delivers engaging business news. Under his leadership, Morning Brew has grown to reach millions of subscribers, becoming a significant player in modern business journalism. Lieberman is also known for his insightful commentary on entrepreneurship and media trends. His work has significantly influenced the way business news is consumed by younger audiences. Beyond Morning Brew, Lieberman frequently writes and speaks about the intersection of media and technology, further cementing his role as a thought leader in the industry.
Jordan Hughes is a celebrated author known for their compelling narratives and richly developed characters. Their debut novel, "Echoes of Tomorrow," won the prestigious Man Booker Prize, marking a significant milestone in contemporary fiction. Hughes's work often explores themes of identity, resilience, and the human condition, earning them critical acclaim and a dedicated readership. In addition to their novels, Hughes has contributed thought-provoking essays to major literary journals, further solidifying their influence in the literary world. Their innovative storytelling continues to inspire and captivate audiences worldwide.
Morgan Housel is a financial writer and partner at The Collaborative Fund, best known for his book The Psychology of Money. His work explores the behavioral side of finance, emphasizing how emotions, history, and decision-making impact wealth-building. Housel’s writing is widely praised for being accessible, insightful, and engaging, making complex financial topics easier to understand. He contributes regularly to financial publications and speaks at conferences on the power of long-term thinking in finance. His book has become a modern classic in the personal finance genre.
Robert Kiyosaki is the author of the bestselling personal finance book Rich Dad Poor Dad, which challenges conventional wisdom on wealth building and financial literacy. He is a self-made entrepreneur and investor who emphasizes the importance of financial education and investing in assets that generate passive income. His Rich Dad brand has expanded to include books, seminars, and a board game that teaches financial principles. Kiyosaki advocates for self-reliance and encourages individuals to break free from the traditional “employee mindset.” He continues to teach people how to achieve financial independence.
Sophie Bakalar is a distinguished author and venture capitalist known for her adept storytelling and insightful exploration of contemporary issues. Her debut novel received critical acclaim for its nuanced portrayal of complex characters and societal dynamics. In addition to her literary achievements, Bakalar is a co-founder of a successful venture firm, where she leverages her keen understanding of market trends and innovation. Her essays and articles, often featured in prominent publications, reflect her deep engagement with cultural and technological shifts. Bakalar's multifaceted career bridges the worlds of literature and entrepreneurship, making her a unique voice in both fields.
Dr. Mark Hyman is a leading physician in functional medicine, advocating for using food as medicine to combat chronic disease. He has written numerous bestselling books, including Food: What the Heck Should I Eat?, focusing on nutrition and wellness. Dr. Hyman is the founder of The UltraWellness Center and has appeared frequently on television as an expert in health and wellness. He is also a senior advisor for the Cleveland Clinic’s Center for Functional Medicine. His work champions holistic health and lifestyle changes.
Nir Eyal is an accomplished author and behavioral design expert, best known for his two best-selling books, "Hooked: How to Build Habit-Forming Products" and "Indistractable: How to Control Your Attention and Choose Your Life." With a background in psychology and business, he has significantly influenced the fields of product design and personal productivity. Eyal's work has been featured in major publications such as The Harvard Business Review and The New York Times. He frequently speaks at industry conferences and workshops, sharing insights on how technology can be ethically designed to benefit users. Eyal also teaches at the Stanford Graduate School of Business and the Hasso Plattner Institute of Design.
Alfred Lin is a venture capitalist and partner at Sequoia Capital, where he focuses on investments in consumer internet, enterprise, and mobile companies. Lin is known for his early investments in companies like Airbnb and DoorDash, helping them grow into major global brands. Before joining Sequoia, Lin was an executive at Zappos, where he worked closely with CEO Tony Hsieh to develop the company’s innovative culture and customer service model. Lin’s expertise in scaling businesses and his strategic vision have made him one of the most respected venture capitalists in Silicon Valley.
Showing 8 of 14 related collections
“Embrace reality and deal with it.”
Principles
By Ray Dalio
Discover a world of knowledge through our extensive collection of book summaries.
Ray Dalio is an influential American billionaire investor, hedge fund manager, and author, best known for founding Bridgewater Associates, one of the world's largest and successful hedge funds. Born on August 8, 1949, in Jackson Heights, New York, he began investing at a young age and developed a unique approach to economic principles and market strategies. Dalio's bestselling book, "Principles: Life and Work," outlines his philosophy on decision-making and organizational management, impacting leaders across various industries. He advocates for radical transparency and open-mindedness in both personal and professional contexts. Through his philanthropic efforts, Dalio also focuses on education and ocean exploration, aiming to make a positive impact on society.
Key information about the book.
Support local bookstores: BookShop gives a portion of each sale to independent bookshops!
In "The Chronicles of Narnia," four siblings stumble upon a magical wardrobe that transports them to the enchanting land of Narnia, where talking animals and mythical creatures dwell. As winter grips the land, they learn of an evil White Witch who seeks to maintain her ruthless reign. Guided by the noble lion Aslan, the children embark on a heroic quest to restore peace and freedom to Narnia. With themes of bravery, sacrifice, and redemption, the story weaves a rich tapestry of adventure and moral lessons. Discover the wonders and trials that await in this timeless classic, where imagination knows no bounds!
In "The War of Art," Steven Pressfield uncovers the relentless battle every creative individual faces against resistance. This powerful guide examines how self-doubt, procrastination, and fear can sabotage artistic endeavors and personal growth. Through inspiring anecdotes and practical wisdom, Pressfield encourages readers to embrace their passion and conquer the demons that hold them back. He offers a roadmap for transforming struggle into triumph and dedicating oneself to the calling of creativity. Will you rise to the challenge and unleash the artist within?
In "Year of Yes," Shonda Rhimes, the powerhouse creator behind iconic television shows, embarks on a transformative journey by saying "yes" to everything that scares her. This bold decision propels her out of her comfort zone, leading to unexpected adventures and profound personal growth. Through candid anecdotes and humor, Rhimes reveals the liberating power of embracing change and challenges. Each page teems with inspiration, urging readers to confront their own fears and seize the opportunities hiding in the shadows. Are you ready to say yes and redefine your life?
In 'Company of One,' Paul Jarvis challenges the conventional wisdom of scale in business. Rather than chasing growth at all costs, he advocates for a deliberate and thoughtful approach to entrepreneurship that values independence and profit over expansion. Jarvis shares compelling case studies and practical insights on how being a 'company of one' offers flexibility, freedom, and the opportunity for greater fulfillment. This book prompts readers to rethink what success means in the modern business landscape. It's a provocative invitation to embrace a minimalist approach to work and life.
In 'Cambodia, 1975-1982', Michael Vickery unveils the harrowing realities of life under the Khmer Rouge regime. Through meticulous research and compelling narratives, he reveals the profound impacts of war and genocide on Cambodian society. Readers are taken deep into the struggles of survival, resistance, and the haunting memories that persist long after the violence subsides. Vickery's work challenges prevailing historical narratives, urging us to confront uncomfortable truths. This powerful account is not just a history lesson; it's a poignant reminder of resilience and the human spirit in the face of unimaginable adversity.
In 'The Art of Loving', Erich Fromm explores love as an art that requires practice and devotion, not just a feeling. He dissects the misconceptions of modern love, revealing how consumerism and selfishness hinder genuine connections. Fromm categorizes different types of love, including romantic, familial, and self-love, emphasizing their importance in achieving personal fulfillment and societal harmony. His insightful analysis challenges readers to reflect on their approach to love and relationships. This thought-provoking work invites you to rethink what it truly means to love and be loved.
In 'Too Big to Fail', Andrew Ross Sorkin presents a gripping behind-the-scenes look at the 2008 financial crisis, detailing the dramatic events that led to the collapse of major financial institutions. Through vivid storytelling, he introduces key players like Treasury Secretary Hank Paulson and Federal Reserve Chairman Ben Bernanke, revealing their high-stakes decisions under pressure. The book explores the complexities of the banking system and the moral dilemmas faced by those in power. As the crisis unfolds, readers are drawn into a world where fortunes are lost and the global economy hangs in the balance. Sorkin's account raises questions about accountability, greed, and the fragility of economic stability, leaving readers both informed and intrigued.
In '12 Rules for Life', psychologist Jordan B. Peterson distills life lessons from psychology, philosophy, and mythology into twelve profound principles for personal growth. Each rule invites readers to confront the chaos of existence and embrace responsibility, guiding them toward meaning and order. Peterson's compelling narratives and incisive insights challenge conventional wisdom, urging self-reflection and accountability. As readers navigate through the complexities of life, they discover how to build a stable foundation for themselves and their communities. This thought-provoking book promises to provoke deep contemplation and inspire transformative change.