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Principles
- Life and Work
- Narrated by: Ray Dalio, Jeremy Bobb
- Length: 16 hrs and 5 mins
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Principles
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Summary
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 40 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.
PLEASE NOTE: When you purchase this title, the accompanying reference material will be available in your Library section along with the audio.
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What listeners say about Principles
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Overall5 out of 5 stars
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Performance5 out of 5 stars
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- Robert Murphy
- 22-08-21
Long, but packed full of useful insights
A great booked packed full of great business insights.
It’s a long one, but well worth the time.
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Overall5 out of 5 stars
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- Amazon Customer
- 07-01-21
Great Book for leaders
A full tutorial on how to lead a company in a modern way. Can be quite boring if you need stimulation only. If you need useful information, this is the book. Not only did it help me in my professional role, my personal relationships have also been refined. I recommend.
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Overall5 out of 5 stars
- Amazon Customer
- 17-05-18
Amazing!
A truly Amazing insight into the mind of one of the greatest investors in history
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Overall5 out of 5 stars
- Seoi
- 30-01-18
Excellent
A fascinating listen, providing insights into the workings of a great business mind. Highly recommended for anyone in business.
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- Vladislavas
- 10-10-17
Must Listen
If you are rules and principle guided person this one is a must Listen. You can draw upon experience of one of most successful people.
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- Ade B
- 26-02-19
Read it
Living legend. Great principles. I will adopt this strategy. Ray dalio is a revolutionist. Can't rate highly enough.
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- Ivan A.
- 28-02-19
indeed a great book to have
I highly recommend it. It has tons of advices and tips you probably didn't know you need to hear.
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- Amazon Customer
- 11-07-19
Insprirational
One of the most educational audiobooks I have ever purchased.
Ray's concise and calculated principles will be very helpful on my path to a better life!
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- Adam Murphy
- 14-08-20
If you want to build a big company, read this.
Ray Dalio has created and grown one of the most successful companies of all time. He started with nothing and it took 40 years.
This is the playbook of how he did it and it is indescribably valuable.
This is not a 'read it and done' kind of book. But rather something you should treat as a reference guide to help you along your path.
These principles have been battle tested over decades and clearly proven to work.
They are simple and, many of them, obvious once you hear them but difficult to follow in practice.
To build a big company full of amazing people that is the catalyst for huge change in the world... you need to read this book and constantly refer to it.
Mind. Blowing. 🤯
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- Eero Tunkelo
- 07-12-19
Guidebook to business success
Life and work coordinated. Business as a community. Best of the company above individual’s benefit. These are some of the takeaways I have from this gigantic colection of principles for successful business leadership. The concept of idea meritocracy and its practical example with bridge water presents an entirely new way of looking at corporate transparency, doing the right thing and working together toward common goals. I highly recommend this audio book to any executive that wants best for the company and its employees and stakeholders.
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