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Life and Work
Simon & Schuster
September 2017
On Sale: September 19, 2017
592 pages
ISBN: 1501124021
EAN: 9781501124020
Kindle: B071CTK28D
Hardcover / e-Book
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Self-Help Organization
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.
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