Ray Dalio is the founder of Bridgewater Associates, one of the world’s largest and most successful hedge funds. Principles is his detailed exposition on how he manages money and people. Drawing both from his extraordinary experience in business and from extensive theoretical reading, Dalio lays out the principles that have guided him over the course of his career. He shares hard-won insights about what works, what doesn’t work, when to stick with a losing position or cut bait, when to take risks—and much more.
For who is this book for ?
This book is for business people who want to learn how to manage money and people. It has a lot of detailed information about what works and what doesn’t work in business, as well as when to take risks and when not to.
Pros :
- detailed exposition on how to manage money and people
- rich with insights from Dalio’s extraordinary experience in business
- provides readers with a framework for thinking about their own lives and work
Cons :
- The writing is dense and can be difficult to follow at times
- The book focuses largely on business concepts which may not be relevant or interesting to all readers
- Many of Dalio’s principles are specific to his own experiences and may not be applicable in other situations
Learn more about the author
Ray Dalio is the founder of Bridgewater Associates, one of the world’s largest and most successful hedge funds. Principles is his detailed exposition on how he manages money and people. Drawing both from his extraordinary experience in business and from extensive theoretical reading, Dalio lays out the principles that have guided him over the course of his career. He shares hard-won insights about what works, what doesn’t work, when to stick with a losing position or cut bait when to take risks—and much more.
Reader Reviews
“Dalio has had one of the most successful careers in finance history. His insights are unique, sensible, and applicable to individuals and businesses alike.”
“This is a very important book not just for investors or business people, but for anyone who wants to live their life with meaning and purpose. Dalio has created an approach to living that’s based on rigorous thinking and decision making, which he then articulates so well in this volume. Principles should be read by everyone who aspires to achieve great things.”
“This book is a must read for anyone in business. Dalio has spent his career refining and testing these principles, and the results are evident in Bridgewater’s unparalleled success.”
“Dalio’s genius is in describing principles for making rational decisions under uncertainty. He then provides abundant real-world examples of how these have worked for him across a range of businesses, investments and personal interactions.”
