Principles: Life and Work Hardcover – Illustrated, 19 September 2017
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“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.”
“Ray Dalio has provided me with invaluable guidance and insights that are now available to you in Principles.”
“I absolutely loved this book. It’s beautifully written and filled with such wisdom.”
“I found it to be truly extraordinary. Every page is full of so many principles of distinction and insights—and I love how Ray incorporates his history and his life in such an elegant way.”
“Ray Dalio’s market acumen is legendary, but it was creating and living by a set of principles that allowed him to reach the top. Everyone with goals and dreams can learn from Ray’s approach.”
“It’s important and instructive to share what you’ve learned in life with others, and Ray does this in an interesting and provocative way in this compelling work.”
“I was surprisingly moved by it. I found it to be remarkably engaging. It made me think about life and how we all deal with each other in pretty profound ways. And Mr. Dalio’s own story about how he came to these principles is fascinating.”
—Andrew Ross Sorkin
“The billionaire investor has created the strongest culture I’ve ever seen in an organization—one that prizes radical transparency over politics and meritocracy over democracy. In his long-awaited book, he describes the systems that he has designed to shape meaningful work, meaningful relationships, and the world’s most successful hedge fund.”
“I highly, highly recommend this book. It has already changed how I think about making decisions in my life and in my business.”
About the Author
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- ISBN-10 : 1501124021
- ISBN-13 : 978-1501124020
- Hardcover : 592 pages
- Item Weight : 826 g
- Dimensions : 15.24 x 4.06 x 22.86 cm
- Publisher : Simon & Schuster; Illustrated edition (19 September 2017)
- Language: : English
- Best Sellers Rank: #1,022 in Books (See Top 100 in Books)
- Customer Reviews:
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Top reviews from India
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- I've been a huge fan of Ray for years, but this book details WHY he is so successful.
- The ability to separate results from causes & peek in between the gaps is the specialty of the book.
- Personally, what I love is the reinforcement of the principles of 'radical transparency & idea meritocracy' that are the solid pillars of this book.
- The truthfulness; the bare-knuckle punches that extoll the reader to be honest, truthful & REAL are the parts that make this book glow.
- The chapters that deal with people management with the focus to be empathetic yet demanding are special. Rarely do you come across a leader of such gravity writing about HOW to handle people
- I love the no-nonsense, 'non-negotiable' principles laid down in the book.
- The real encounters, cases studies & insights Ray shares are priceless.
THIS IS NOT A BOOK for folks who operate a Political, Bossy, "I am right" styled operation. This is a book that can turn you first into pixy dust & then into God.
Ratings : 100/10
Ray Dalio, on the other hand, wrote a book on his way of dealing with the world. For the first time ever you can see through a brain of a billionaire. He doesn't only shares his own set of principles, he tells you how to build your own set of principles by embracing your reality and your world. This book is insanely rational and analytical and teaches you how to look at everything related to you objectively.
This book can help you become a more evolved human being at a faster rate!
However, when picked the book up I had more expectation I was looking Peter Thiel in Ray Dalio and could not find one. But the book can provide you with new way of thinking how to proceed in life in general.
Happy reading all.
2) the content of the book is really interesting and edifying
There is so much for us to learn and apply.
It's inspiring and eye opener to so many things.
It is detailed and has a lot insights. We might find a lot of reference to other books, which one may use as a suggestion (or references ) and expand their reading horizon. Amazing use of language easy to understand, it's been a while since I have read the book and a lot of Decisions have become more faster to take, a lot of error have been reflected upon and some corrected by me, focuses largely on decision making
Some points I would like to brief from the book:
1) Mainly the power of audacious goals
2) Achievements of all goals through collective decision making
3) avoidance of Emotional hijacking or staying clear from harmful Emotions
4) Letting go the attachment of me knowing the right answers
5) use of clinical objectivity
The journey of Ray Dalio has been explained so transparently and with so much detail.
I can go on.
Highly recommend this read to all entrepreneur, start up, HR guys, stock market investors etc
1) A lengthy read
2) something are repetitive
Top reviews from other countries
It's an unusual book. I find myself swinging between enjoying Ray's wisdom and feeling like I need to take it all with a huge pinch of salt because of the massive amount of survivorship, hindsight and outcome bias in play.
The book is also a contradiction, since it is largely about open-minded and different points of view and yet its entirely Ray's unchallenged points of view. I'm a software engineer and I remember once reading a programming principles book where maybe five programmers all chimed in with their own opinions and challenges on the assertions in the book, which was really cool.
Maybe another billionaire will say there's a case for close-mindedness, focus and shutting out opinion that will lead to analysis paralysis. Maybe there are books by leading psychologists that have devoted years to a topic that would be better to read, such as Thinking Fast and Slow. For older or more voracious or aspirational business, management or "self improvement" book readers, much of Ray's thinking will simply rhyme with what you may already believe.
It's probably wishful thinking to expect by reading a huge list of advice you'll magically be reprogrammed and have established a set of good thought patterns, esp. if you're trying to improve in isolation; you're not surrounded by people mirroring and modelling good practice. Though I rarely found myself disagreeing with anything Ray writes. There's a lot in the book to take in and I don't know how much will stick.
The biggest thing for me, and I say this as a "fan" of Ray, is that I struggle with the reviews of his company on Glassdoor and the _reality_ of people working under his principles vs. other companies that highly-successful while having much higher ratings and are anecdotally nicer places to work, such as Salesforce.
When other companies can achieve so much and foster happy, purposeful, creative and fulfilled people by taking a different approach, you have to ask whether his principles have really led to better lives, better outcomes for his employees or whether Ray conflates how well he's done with achieving his life goals with how well everyone else is doing?
I think he does a great job at business, but really he should delete all the chapters about life principles and let people who are better than him at these topics lead the way. I expected a business oriented book, but in the end it felt like his redemtion story that he needed to write so all the people he hurt can understand why he hurt them and how it was their fault.
Ray reminds me of Gordon Geko in the new Wall Street film where he says he cares about family, but then has no awarness how to actually do it.
Je suis tombé sur ce livre par hasard. J'avais lu dans une article de journal qu'une société du nom de "Bridgewater Associates" allait construire un siège social d'une valeur de 750 millions de dollars aux US. J'étais étonné de ne pas connaître cette société, car je m'intéresse de près à l'économie. Après recherches, j'appris que cette société était en fait le plus grand hedge-fund du monde, et que son fondateur, un homme d'une soixantaine d'années issu de la classe moyenne américaine, avait écrit un fascicule pour expliquer quels étaient les secrets de la réussite de son organisation selon lui. C'était la première version de Principles sortie gratuitement en 2011 en PDF.
Ce livre a changé ma vie car il donne des règles simples pour gérer efficacement à la fois sa vie professionnelle et sa vie personnelle. La thèse principale de l'auteur est que l'obstacle majeur de nos vies est de ne pas arriver à voir la réalité (par peur, ego, etc...) et que, si on fait l'effort de ne pas se la masquer même si elle fait parfois mal, et que partant de cette réalité on construit des raisonnements en se demandant toujours "est-ce vrai ?", alors rien n'est irréalisable. Bien sûr, je schématise à outrance, mais je vous recommande chaudement de lire ce livre car peut-être qu'il changera votre vie comme il a changé la mienne.
- conseils simples et de bon sens qui peuvent changer votre vie professionnelles et personnelle
- crédibilité de l'auteur
- commencez par trouver le PDF gratuit de 2011 qui est l'essence du livre de 2017
I wish it would elaborate more on what role meditation had in his life...though I suppose there are plenty of interviews you can watch on that if you are interested. Though the first part was interesting, covering his personal life, what the majority of people bought this book for, I imagine, are his work principles, and the book delivers. The main idea is essentially to treat everything like a machine or algorithm. When you have set up different algorithms for different types of situations you can carry out decisions more quickly with less bias.
Now I am looking forward to his next book that will cover his economic knowledge, I can't wait.
If your mind is full of wonder and you always look for ways of improving yourself, this books is for you.