Principles

Outline

Principles (2017) shares the life and work principles that Ray Dalio developed while building Bridgewater Associates into one of the world’s largest hedge funds. He explains ideas such as radical truthfulness, radical transparency, learning from mistakes, and making decisions based on evidence and the views of the most credible people. The book offers a practical system for improving decisions in life and at work.

• Ray Dalio built his life and work principles while growing Bridgewater Associates into one of the world's largest hedge funds.
• Radical truthfulness and radical transparency mean saying what you really think and keeping information open rather than hidden.
• Mistakes are treated as chances to learn, so they should be examined openly rather than avoided or excused.
• Good decisions rest on evidence and on the views of the most credible people, not on rank or loudest voice.
• Turning your experience into clear, written principles gives you a repeatable system for decisions in life and at work.

Ray Dalio is an American investor and author who founded Bridgewater Associates, which became one of the world’s largest hedge funds. He is known for his systematic approach to decision-making and his study of economic history. His books include Principles, Big Debt Crises, and Principles For Dealing With the Changing World Order.