Particularize Based On Books Principles: Life and Work
| Title | : | Principles: Life and Work |
| Author | : | Ray Dalio |
| Book Format | : | Audio CD |
| Book Edition | : | First Edition |
| Pages | : | Pages: 592 pages |
| Published | : | September 19th 2017 by Simon Schuster Audio (first published 2011) |
| Categories | : | Business. Nonfiction. Self Help. Leadership. Economics. Finance. Personal Development |
Ray Dalio
Audio CD | Pages: 592 pages Rating: 4.17 | 24055 Users | 1710 Reviews
Narration Supposing Books Principles: Life and Work
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 is a rare opportunity to gain proven advice unlike anything you’ll find in the conventional business press.
Point Books In Pursuance Of Principles: Life and Work
| Original Title: | Principles: Life and Work |
| ISBN: | 1508243247 (ISBN13: 9781508243243) |
| Edition Language: | English |
Rating Based On Books Principles: Life and Work
Ratings: 4.17 From 24055 Users | 1710 ReviewsWrite-Up Based On Books Principles: Life and Work
Amazing book, must read for anyone who has to make decisions in life - that means everyone - but I think the more impact your decisions have the more useful his frameworks are. I'm giving it 5 stars for the big ideas and uniqueness of them - though I will warn you that the book is very long and highly repetitive - there is probably a way to read only parts of it and still get all the big ideas. Also (as I do for most books these days) I read it with a combo of Kindle ebook and Audible, and RayOnly 2 reasons to read this book:1. You work at Bridgewater2. You havent read any recent business/self-help booksThe information is pretty standard. The beginning is a memoir which was kind of interesting. The principles themselves are trite. Would not recommend this book.
TL:DR: You can just watch my summary here: Ray Dalio has an amazing story, and this book explains many principles that he uses every day. This book contains his biography and his hedge fund cornerstone rules, you have to read it!
Ray Dalio's thought process is straightforward: your company succeeds if the best idea wins out every single time. Then how do you know which one is the best idea? To Ray Dalio, the best idea is the one that feeds off the best ideas. Hence, people gotta be honest and contribute what they actually believe to be the best ideas. After having all the best ideas on the table, you would have to somehow synthesize them all. You wouldn't give equal weight to every idea. You have to come up with a more
The funniest part was when he talked about his favorite book, Joseph Campbell's man of a thousand faces. I read that book as an interesting work of comparative myths across cultures revealing common themes in humanity and the struggle of life. Dalio read it as a life map and self-help book. Like he read about the hero's journey and thought it was about him? Maybe that's only odd to me.Anyway, the book is interesting. I'd skip the first part and go right to the middle and the end where he talks
disclaimer: i switched to the original pdf version of this book about 200 pages in, i think the book could have been condensed significantly. i found a lot of the generalizations from this book questionable in their 'truthiness'. there were moments when dalio describes how planning a project should take no more than between "10-15 hours" or something of the like, which i found absurd as an across-the-board rule independent of any kind of context. i'm not sure if this was only present in the
(3.0) dont read the autobiographical part, section on decision-making (chapter 5 of work principles I think) was great. I DO look forward to reading his book on investing principles; they're probably spot on.Auto bio is useless and set me up to dislike/distrust the rest. He loves himself so much, takes credit for almost everything, makes empty statements about striving for meaningful work and meaningful relationships, but didnt demonstrate that he really found either. Saying it over and over
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