Browser doesn't support javascript

Principles: Life and Work

2011 . Business & Finance, Non-fiction, Self Help . Ray Dalio, Jeremy Bobb



About the book


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.

Featured on:






Simon Schuster Audio




1508243247 (ISBN13: 9781508243243)


Farouk Forster

2 months ago


What a book.

Chelsie Cooper

6 months ago


This book is Ray Dalios life work. It's a must read.

Kenneth Wright

1 year ago


Really enjoyable read. Get a lot of insights into the mind of Dalio and his inner workings. It’s ok to fail as long as you learn. Ray has failed a lot in his life, and not afraid to share the pain and experience. Ray has made some big mistakes he had to own completely - but that made him into what he is today within my top 10 of greatest investors/thinkers of our time. A must read I think.

Acelynn Zhao

2 months ago


Jaydev Karande

2 months ago


Vale Siegrist

6 months ago


Ari-ben Cata

7 months ago


Hacker Nation

7 months ago