Principles: Life and Work

Simon & Schuster, 2017. Hardcover. Like New. #1 New York Times Bestseller "Significant...The book is both instructive and surprisingly moving." -The New York Times 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 busine ss-and which any person or organization can adopt to help achieve their goa ls. In 1975, Ray Dalio founded an investment firm, Bridgewater Associates, out of his two-bedroom apartment in New York City. Forty years later, Bridgewat er 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 Stat es, according to Fortune magazine. Dalio himself has been named to Time mag azine'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 meritocra cy that strives to achieve meaningful work and meaningful relationships thr ough radical transparency." It is these principles, and not anything specia l about Dalio-who grew up an ordinary kid in a middle-class Long Island nei ghborhood-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,