Be Specific About Books Conducive To Principles: Life and Work
| Original Title: | Principles: Life and Work |
| ISBN: | 1508243247 (ISBN13: 9781508243243) |
| Edition Language: | English |
Ray Dalio
Audio CD | Pages: 592 pages Rating: 4.17 | 24055 Users | 1710 Reviews
Ilustration As Books Principles: Life and Work
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 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 is a rare opportunity to gain proven advice unlike anything you’ll find in the conventional business press.
Details Regarding Books Principles: Life and Work
| Title | : | Principles: Life and Work |
| Author | : | Ray Dalio |
| Book Format | : | Audio CD |
| Book Edition | : | Anniversary Edition |
| Pages | : | Pages: 592 pages |
| Published | : | September 19th 2017 by Simon Schuster Audio (first published 2011) |
| Categories | : | Business. Nonfiction. Self Help. Leadership. Economics. Finance. Personal Development |
Rating Regarding Books Principles: Life and Work
Ratings: 4.17 From 24055 Users | 1710 ReviewsAssess Regarding Books Principles: Life and Work
First of all to edify Ray Dalio and who he is - Ray started his company out of his 2 bedroom apartment and built it to: 5th most important private company (Fortune), 1 of the 100 richest people in the world (Forbes), and one of the 100 most influential (Time)I learned some "principles" in this book but I didn't get as much as I was hoping for. There are some very good concrete principles but there is so much repetition I started losing my mind lol if he says "Idea Meritocracy" one more time!!!(3.0) dont read the autobiographical part, section on decision-making (chapter 5 of work principles I think) was great. I DO look forward to reading his book on investing principles; they're probably spot on.Auto bio is useless and set me up to dislike/distrust the rest. He loves himself so much, takes credit for almost everything, makes empty statements about striving for meaningful work and meaningful relationships, but didnt demonstrate that he really found either. Saying it over and over
Overall, I'm having trouble understanding the hype around this book except that the author is super-rich. So maybe no one wants to contradict him, or even edit his writing for rampant redundancies. Much of the "original" advice is problematic. Radical transparency, which is the main concept, is a non-starter in a culture of corruption and incompetence. And that's what we're living in. (Detroit: An American Autopsy). So, if you're a mid-level manager in a large organization, you will probably
Award Winning BookThe Most Boring Book Ever Read AwardRay Dalio came across as a flake. Ray was at the right place, at the right time, and made a lot of money. Not sure why everyone that has money thinks we need to hear from them. 12 hours of my life that I will never get back. Skip the book and wait for the movie.Thanks Ray :-|
TL:DR: You can just watch my summary here: Ray Dalio has an amazing story, and this book explains many principles that he uses every day. This book contains his biography and his hedge fund cornerstone rules, you have to read it!
This is sold under 'business/management' but it should be 'self-help'. I really wanted to like this book but can't bring myself to even finish it. Hearing things like 'Principle 4.2.2' made it very difficult to keep up with the principles structure and hierarchy, quickly losing what Dario is trying to communicate. I think Dario is fond of categorization and pattern identification (perhaps from his work as an investor) - but such organization is more suited to a text book rather than a self-help
I would give this book 7 out of 5 stars. In other words, this book is to business books what Tesla is to cars.
0 Comments