Overview:<\/b><\/p>\n
Ray Dalio, one of the world\u2019s most successful investors and entrepreneurs, shares the unconventional principles that he\u2019s developed, refined and used over the past forty years to create unique results in both life and business\u2014and which any person or organization can adopt to help achieve their goals.<\/span><\/p>\n In 1975, Ray Dalio founded an investment firm, Bridgewater Associates, out of his two-bedroom apartment in New York City. Forty years later, Brid gewater has made more money for its clients than any other hedge fund in history and grown into the fifth most important private company in the United States, according to Fortune magazine. Dalio himself has been named to Time magazine\u2019s list of the 100 most influential people in the world. Along the way, Dalio discovered a set of unique principles that have led to Brid gewater\u2019s exceptionally effective culture, which he describes as \u201can idea meritocracy that strives to achieve meaningful work and meaningful relationships through radical transparency.\u201d It is these principles and not anything special about Dalio\u2014who grew up an ordinary kid in a middle-class Long Island neighborhood\u2014that he believes are the reason behind his success.<\/span><\/p>\n In Principles, Dalio shares what he\u2019s learned over the course of his remarkable career. He argues that life, management, economics and investing can all be systemized into rules and understood like machines. The book\u2019s hundreds of practical lessons, which are built around his cornerstones of \u201cradical truth\u201d and \u201cradical transparency,\u201d include Dalio laying out the most effective ways for individuals and organizations to make decisions, approach challenges and build strong teams. He also describes the innovative tools the firm uses to bring an idea meritocracy to life, such as creating \u201cbaseball cards\u201d for all employees that distill their strengths and weaknesses and employing computerized decision-making systems to make believability-weighted decisions. While the book brims with novel ideas for organizations and institutions, Principles also offers a clear, straightforward approach to decision-making that Dalio believes anyone can apply, no matter what they\u2019re seeking to achieve.<\/span><\/p>\n Here, from a man who has been called both \u201cthe Steve Jobs of investing\u201d and \u201cthe philosopher king of the financial universe\u201d (CIO magazine), is a rare opportunity to gain proven advice unlike anything you\u2019ll find in the conventional business press.<\/span><\/p>\n Authors:<\/b><\/p>\n Ray Dalio<\/span><\/p>\n Published In:<\/b><\/p>\n 19 September 2017<\/span><\/p>\n <\/p>\n","protected":false},"excerpt":{"rendered":" Overview: Ray Dalio, one of the world\u2019s most successful investors and entrepreneurs, shares the unconventional principles that he\u2019s developed, refined and used over the past forty years to create unique results in both life and business\u2014and which any person or organization can adopt to help achieve their goals. In 1975, Ray Dalio founded an investment […]<\/p>\n","protected":false},"author":13,"featured_media":7289,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false},"version":2}},"categories":[250],"tags":[797,1207],"class_list":["post-7288","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-book-series","tag-principles","tag-ray-dalio"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/innoroo.com\/blog\/wp-content\/uploads\/2018\/09\/Principles.png?fit=3125%2C1709&ssl=1","jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p8Rui8-1Ty","jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/innoroo.com\/blog\/wp-json\/wp\/v2\/posts\/7288","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/innoroo.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/innoroo.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/innoroo.com\/blog\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/innoroo.com\/blog\/wp-json\/wp\/v2\/comments?post=7288"}],"version-history":[{"count":1,"href":"https:\/\/innoroo.com\/blog\/wp-json\/wp\/v2\/posts\/7288\/revisions"}],"predecessor-version":[{"id":7290,"href":"https:\/\/innoroo.com\/blog\/wp-json\/wp\/v2\/posts\/7288\/revisions\/7290"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/innoroo.com\/blog\/wp-json\/wp\/v2\/media\/7289"}],"wp:attachment":[{"href":"https:\/\/innoroo.com\/blog\/wp-json\/wp\/v2\/media?parent=7288"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/innoroo.com\/blog\/wp-json\/wp\/v2\/categories?post=7288"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/innoroo.com\/blog\/wp-json\/wp\/v2\/tags?post=7288"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}