Principles

Condition: BRAND NEW ISBN: 9781501124020 Author(s): Ray Dalio Format: Hardcover Language: English Year: 2017 Publisher: Simon & Schuster Pages: 592 Series: Principles

Description: #1 NEW YORK TIMES BESTSELLER * 5 MILLION COPIES SOLDâSignificant...The book is both instructive and surprisingly moving.â âThe New York TimesRay Dalio, one of the worldâs most successful investors and entrepreneurs, shares the unconventional principles that heâs developed, refined, and used over the past forty years to create unique results in both life and businessâand 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 magazineâs list of the 100 most influential people in the world. Along the way, Dalio discovered a set of unique principles that have led to Bridgewaterâs exceptionally effective culture, which he describes as âan idea meritocracy that strives to achieve meaningful work and meaningful relationships through radical transparency.â It is these principles, and not anything special about Dalioâwho grew up an ordinary kid in a middle-class Long Island neighborhoodâthat he believes are the reason behind his success. In Principles, Dalio shares what heâs 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 bookâs hundreds of practical lessons, which are built around his cornerstones of âradical truthâ and âradical transparency,â include Dalio laying out the most effective ways for individuals and organizations to make decisions, approach challenges, and build strong teams. H