Life and Work

by Ray Dalio

Number of pages: 592

Publisher: Simon & Schuster

BBB Library: Personal Success

ISBN: 978-1501124020

About the Author

Ray Dalio is the founder and co-chairman 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 lives with his family in Connecticut


Editorial Review

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. Here, from a man who has been called both “the Steve Jobs of investing” and “the philosopher king of the financial universe”, is a rare opportunity to gain proven advice unlike anything you’ll find in the conventional business press.  

Book Reviews

“Mr. Dalio has long been an object of fascination. . . . His new book is more significant than the original list of principles: It is part memoir, part how-to guide. It is a deeply personal story, with Mr. Dalio wading into how he started his firm in 1975, internal conflicts inside the company, and strife early on in his career. The book is both instructive and surprisingly moving. . . . Underneath what may seem like a clinical, emotionless approach is something different and far more poignant: Mr. Dalio is preaching for individuals to have a sense of humility and introspection, an ability to open themselves to appreciate pointed criticism and use it to improve.” —The New York Times

“If there was an ‘it’ book for businesses or careers in 2017, it was Ray Dalio’s Principles. The book, weighing in at nearly 600 pages, begins with the author’s own story, including the rise of Bridgewater Associates, Dalio’s highly successful investment firm. Part memoir, part strategic plan, Dalio uses his own history to provide suggestions on attaining success while always stressing the power of individuality and personal goals. This isn’t just a book for the power elite. Dalio’s highly detailed game plan focuses on what he calls ‘radical’ truths and transparencies, and are applicable to the careers of powerful CEOs, ladder-climbing executives, longtime grunts, and fresh-faced rookies.” —Chicago Tribune

“I always learn a lot from my friend @RayDalio. His new book #Principles is a remarkable look at his life and career” -Bill Gates

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Wisdom to Share

In life, you either evolve, or die.

Don’t rule out a goal because it seems unattainable; there’s always a best possible path; your job is to find it and to have the courage to follow it.

Every problem you encounter is an opportunity to evolve.

Pain + Reflection = Progress

While problems or proximate causes are described with verbs: “I missed the train because I didn’t check the train schedule.”Root causes are typically described with adjectives: “I didn’t check the schedule because I am forgetful.” Keep asking “why” until you get to the reason.

Great planners, who don’t execute their plans, go nowhere

Weaknesses don’t matter if you find solutions.

Open-mindedness doesn’t mean going along with what you don’t believe in; it means considering the reason of others instead of stubbornly and illogically holding on to your point of view.

Having expectations for people (including yourself) without knowing what they are like is sure a way to get in trouble.

The subconscious mind has its ways of reconcilingreason with emotion. That’s why it’s important to sometimes make the unconscious conscious.