Name: Principles: Life and Work
Price: 34.48 EUR
Availability: InStock
Author: Ray Dalio
ISBN: 9781508243243

Type

Physical Book

Author

Read by

Publisher

Year

2017

Language

English

Format

Audio CD

Dimensions

13 x 15 cm

ISBN13

9781508243243

Synopsis "Principles: Life and Work"

An Avid Reader Press book. Simon & Schuster has a great book for every reader.

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.

Ray Dalio

(Author, Read by)

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One of the best and most important entrepreneurs of our time. A prominent global macro investor for nearly fifty years, he is the founder and co-chief investment officer of Bridgewater Associates, a leading firm in the financial industry and the world's largest hedge fund. He started investing when he was just twelve years old. TIME magazine has included him in the list of the hundred most influential people in the world, and he has also appeared on Forbes magazine's list of the world's hundred wealthiest people. His books have been translated into 32 languages.

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