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I'm putting this down at 43%. Massive waste of time. The first half of the book is Dalio bragging about his achievements, but trying to stay humble while doing it.Then comes the interesting part of the book, where he is supposed to lay out his principles. There is one chapter that is really good where I underlined almost everything, but that's just about three pages long.Then he goes on and on and on and on to repeat hundreds of times that you should be radically open minded, and that you should...
Dalio lists about two hundreds very healthy work and management principles. I mostly find myself agreeing with him. It should indeed be about finding the truth, and being radically transparent and honest in this worthwhile quest. However the Principles are quite repetitive, a lots of redundancies. Maybe Dalio's way to get his point through. Still worth reading.
I'm still deeply skeptical of the "idea meritocracy" and Ray Dalio himself, as I'm suspicious that many of his ideas are in practice used as excuses for being an asshole, and like all versions of meritocracy, is likely to have deep implementation flaws that cover up bias with a veil of objectivity. Plus, it's a funny thing in America that we hold up people who have made a lot of money through the finance world as models for us to look up to, a la Warren Buffett. There is no doubt that Ray Dalio
good and compressed base for entrepreneurs and then the list of 200+ principles for the Bridgewater organization. great ideas and workflows: view organization as machine, ok to remove yourself once don't fit anymore, checking yourself and your ideas against the reality and the nature, ability to overcome short term pains to achieve long term advantages is how the nature designed the evolution.
One of my favorite discoveries in 2017 - Ray Dalio and his Life and Work Principles. It's a 500+ page book for those who want to rise to the top, who want to become more efficient at making decisions, and who sometimes feel lost when thinking about their values.Reading this book felt like getting access to cheat codes in a game just because how much knowledge and wisdom are distilled in it.
This is one of the most important books that I have read this year. The author Ray Dalio who is one of the top 100 influential individuals in the world, also acclaimed to be the ‘Steve Jobs of investment industry’ distils his life time learnings of the past 32 years and has done all of us a great favour. As be rightly says, it is not important to follow the same principles that he did, but it is important to chalk out one’s own principles and follow the same with rigour and diligence. Fantastic
Amazing. Read it twice. Principles is like a modern day Meditations aimed at professional and career development.
I felt liberated after reading Principles. Being an independent thinker is liberating. Dalio's philosophy that everything works like a machine (the economy and life in general) is a refreshing look at how we decide to live our lives. My favorite part about this book though, is his clear and concise writing about the importance of principles and his personal principles. He practices real integrity throughout his writing and I admire his voracious pursuit of seeking the truth through thoughtful di...
There is much to like about this book. Ray Dalio examines his life in prose that is often honest and straightforward, often bordering on the conversational and vernacular. As you read this book, you feel as if you are talking with Ray in his office or in a restaurant. That gives the book some of its charm. For these reasons, we can comfortably situate this book with other autobiographies/life lesson books. Benjamin Franklin's autobiography and "Meditations" by Marcus Aurelius are other great exa...
I picked up this book out of an interest in gaining business insights from a successful entrepreneur and financial leader. Without question, Ray Dalio has a knack for figuring out ways to make money using financial instruments, in particular via hedging strategies on commodities. He tries to detail many personal as well as business principles that led to his (and his hedge fund's) success. What I walk away from, though, is that it is difficult to quantify or create an algorithm for success, as m...