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Principles / Ray Dalio.

by Dalio, Ray, 1949-

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Simon and Schuster, 2017.

Dalio, Ray, 1949-

Success in business.

Conduct of life.

Investment advisors -- United States -- Biography.

9781501124020 (hc.)

Alternate title:

Life & work : principles

Life and work : principles

First Simon & Schuster hardcover edition.

xviii, 567 pages : illustrations ; 24 cm

Includes bibliographical references (pages 553-554) and index.

"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. In 1975, Ray Dalio founded an investment firm, Bridgewater Associates, out of his apartment in New York City. Forty years later, Bridgewater has made more money for its clients than any other hedge fund in history. Along the way, Dalio discovered a set of unique principles 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. He argues that life, management, economics, and investing can all be systemized into rules and understood like machines. The 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."--Provided by publisher.

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