The release date for the English version of 'Principles: Life and Work' by
Ray Dalio is Sep 2017. If you enjoy this novel, it is available for buy as a paperback from Barnes & Noble or Indigo, as an ebook on the Amazon Kindle store, or as an audiobook on Audible.
One of the most successful investors and businessmen in the world, Ray Dalio, offers the unorthodox ideas that he has created, honed, and applied over the past 40 years to produce exceptional outcomes in both life and business. These ideas can be adopted by any individual or organisation to assist in achieving their objectives.
Ray Dalio established Bridgewater Associates, an investing business, in 1975 from his New York City two-bedroom apartment. After forty years, Fortune magazine claims that Bridgewater has grown to become the fifth largest private corporation in the United States and earned more money for its customers than any other hedge fund in history. On Time magazine's list of the 100 most influential persons in the world, Dalio has been listed. Dalio characterises Bridgewater's culture as "an idea meritocracy that strives to achieve meaningful work and meaningful relationships through radical transparency." Along the process, he identified a set of distinctive ideas that have contributed to the company's very successful culture. Dalio feels that his success is a result of these values, not something unique about him as a child growing up in a middle-class Long Island neighbourhood.
Dalio explains the lessons he's acquired over his incredible career in Principles. He contends that investment, management, economics, and life can all be reduced to systems of rules and comprehended like machines. Among the hundreds of useful lessons found in the book, which are based on Dalio's tenets of "radical truth" and "radical transparency," are his recommendations for how people and organisations should approach problems, form cohesive teams, and make choices. He also talks about the creative methods the company takes to implement a meritocracy, such developing "baseball cards" for each employee that summarise their strong and weak points and using computerised decision-making tools to produce judgements that are weighted according to believability. In addition to being packed with innovative concepts for institutions and organisations, Principles also provides a simple, uncomplicated method of decision-making that Dalio thinks everyone can use, regardless of their goals.
This is a unique chance to get tried-and-true guidance that's not seen in the traditional business press.