By Ray Dalio,

Book cover of Principles: Life and Work

Book description

#1 New York Times Bestseller

"Significant...The book is both instructive and surprisingly moving." -The New York Times

Ray Dalio, one of the world's most successful investors and entrepreneurs, shares the unconventional principles that he's developed, refined, and used over the past forty years to create unique results in both life…

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Why read it?

2 authors picked Principles as one of their favorite books. Why do they recommend it?

Ray Dalio is the founder of Bridgewater Associates, the largest hedge fund in the world. In Principles: Life and Work, he shares the guiding principles powering his success and Bridgewater’s. Principles is a manual for rational thinking. The main theme is that finding trust is the best way to make decisions, and that ego, emotion, and blind spots prevent you from discovering the truth. Dalio shares the foundation of trust, why we often think of trust as something we inject into a relationship. Not so. Trust is an output built on something much deeper.

In my experience, both as a…

Ray Dalio is well known as the founder of the investment firm Bridgewater Associates and a successful investor. He has systematically worked his way up. This career pattern is not unusual for successful people and not the main reason why I recommend this book. What impressed me much more was the clarity with which he formulated his principles and, above all, the stringency with which he then implemented these principles. This requires an unusual discipline and perseverance that I, myself an entrepreneur, envy Ray Dalio for. Anyone who manages to apply this method will be successful.

From Hermann's list on becoming a global business leader.

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