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Ray Dalio showed us, that in order to build a successful hedge fund it’s not enough to follow your intuition. It’s much wiser to follow a set of principles that will guide you and protect you from bad decisions. He divided those principles into life principles and work principles.The top 3 principles I applied to my life are:* Think of yourself - how to achieve what you want by analyzing what’s true.* Be radically open-minded* Look at the machine (you and your life) from the higher level.I wrote...
When I first began reading it, I rather liked it. I also liked the idea of it: a successful man who has attempted to identify the specific habits or behaviors that enabled his success. I was especially interested in his comment about having put the principles into a computer so that he could have software make the same decision and then compare the results to what he and his team came up with, so that any differences could be resolved and the rule base improved. He brings this up early, but neve...
I was looking through the books I had on my kindle and for some reason at some point I had bought this. I'm not sure why and I honestly had no idea who the author was even though I actually know about Bridgewater. Usually I have a tendency to just be a derisive piece of shit but when I was reading this book, Ray kept repeating that one should keep an open mind and so I thought you know what, I will keep an open mind Ray. I actually did enjoy the first third of the book when he was talking about
Amazing book, must read for anyone who has to make decisions in life - that means everyone - but I think the more impact your decisions have the more useful his frameworks are. I'm giving it 5 stars for the big ideas and uniqueness of them - though I will warn you that the book is very long and highly repetitive - there is probably a way to read only parts of it and still get all the big ideas. Also (as I do for most books these days) I read it with a combo of Kindle ebook and Audible, and Ray r...
The utility of the content in the book is worth 5 stars but I'm docking a star for the smarmy tone within the historical section about early Bridgewater and early-career Dalio. I'm certain I will return to the material and continue to dig out sometimes radical approaches to my life and work, but I'm also pretty sure I'll never go cover to cover again.
I'm always interested to read how smart people think, but I found this book somewhat baffling. What is new that Dalio thinks he is saying here? I guess it is that good lives and good companies have principles that are evaluated with experience. Does anyone not know this? Socrates said something along these lines a while back. I think Dalio's book says more about the industry he works in than the remarkableness of Bridgewater. I wouldn't work for a place where I couldn't say what I thought. Is th...
Read a summary & save yourself the time. The level of codification of principles in this book is impossible to retain, let alone put into practice. The same ideas get repeated over & over again. A few helpful nuggets here & there, but overall not worth the effort to go through the entire book.
Overall, I'm having trouble understanding the hype around this book except that the author is super-rich. So maybe no one wants to contradict him, or even edit his writing for rampant redundancies. Much of the "original" advice is problematic. Radical transparency, which is the main concept, is a non-starter in a culture of corruption and incompetence. And that's what we're living in. (Detroit: An American Autopsy). So, if you're a mid-level manager in a large organization, you will probably hav...
I like Ray, but this book made me cringe. I won't leave my full review (it has many not-so-nice words). But I'll say this, Ray talks about "meritocracy" and "radical whatever" a thousand times in the book. He obviously talks about his principles. What he wants you to know is this:Meritocracy + (Your) Principles + Radical transparency = SUCCESSWhat he doesn't account for, and what most successful people don't account for, is luck. Always, the real formula is:(Whatever a successful person says) +
I totally loved the autobiographical part. Some of the ideas on the how-to-self-help part also make sense. Some not really: radical transparency? For reals? Imagine someone being radically transparent at home: 'Mum&Dad, fuck you and the homework!' How's that for transparent? I think that's Utopia on the go. And a very toxic environment in making.
I did not enjoy this book. In general, his principles are quite intuitive and obvious in my opinion. I picked it up because it seemed to be so popular, and I sometimes get pulled into that trap for some reason. Much of the first half seemed self-indulgent, but it got a little better when he started talking about his principles, but overall I didn't take anything away from this book.
