Principles by Ray Dalio

In Principles, you’ll learn all about Ray Dalio. Ray is one, if not the most, successful hedge fund managers of all time. He started Bridgewater Associates out of his two-bedroom apartment in New York City in 1975.

Bridgewater manages over $160 billion and its average return over three decades beat the DOW, S&P and NASDAQ. When you beat the market by five or six percent every year for almost three decades, you will get some attention.

Ray was the man behind the money until he retired in 2017. His unique investment strategy, success as an entrepreneur, how he ran the firm, and his personal principles for success have gained interest through the books he’s been writing in retirement.

In Principles, Dalio shares what he’s learned throughout his remarkable career. He aimed to understand abstract concepts like they were machines. So he systemized life, management, economics, and investing into rules. The book builds hundreds of practical lessons around his cornerstones of “radical truth” and “radical transparency.” Dalio lays out the most effective ways for individuals and organizations to make decisions, approach challenges, and build strong teams.

It’s not a book I’ve read straight through, but pick up from time to time and read a few chapters. This week I was reading Chapter 5.4 titled, “Understand How People Came by Their Opinions.” A great read.

I have the hardcopy because I like to take notes in these sorts of books. It’s also available in audio and Kindle. Check it out here >>>