Principles: Ray Dalio, Hardcover Book, By: Ray Dalio

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 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 neighbourhood―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. About the Author Ray Dalio is the founder and co-chairman of Bridgewater Associates, which, over the last forty years, has become the largest and best performing hedge fund in the world. Dalio has appeared on the Time 100 list of the most influential people in the world as well as the Bloomberg Markets list of the 50 most influential people. He is the author of Principles, Principles for Navigating Big Debt Crises and Principles for Dealing with the Changing World Order. He lives with his family in Connecticut, USA.