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Principles Audiobook

Principles: Life and Work

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Publisher's Summary

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 40 years to create unique results in both life and business - and which any person or organization can adopt to help achieve their goals.

In 1975, Ray Dalio founded an investment firm, Bridgewater Associates, out of his two-bedroom apartment in New York City. Forty years later, Bridgewater has made more money for its clients than any other hedge fund in history and has grown into the fifth most important private company in the United States, according to Fortune magazine. Dalio himself has been named to Time magazine's list of the 100 most influential people in the world. Along the way, Dalio discovered a set of unique principles that have led to Bridgewater's exceptionally effective culture, which he describes as "an idea meritocracy that strives to achieve meaningful work and meaningful relationships through radical transparency". It is these principles, and not anything special about Dalio - who grew up an ordinary kid in a middle-class Long Island neighborhood - that he believes are the reason behind his success.

In Principles, Dalio shares what he's 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's hundreds of practical lessons, which are built around his cornerstones of "radical truth" and "radical transparency", 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 "baseball cards" 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're seeking to achieve.

Here, from a man who has been called both "the Steve Jobs of investing" and "the philosopher king of the financial universe" (CIO magazine), is a rare opportunity to gain proven advice unlike anything you'll find in the conventional business press.

Download the accompanying reference guide.

©2017 Ray Dalio (P)2017 Simon & Schuster Audio

What Members Say

Average Customer Rating

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Performance
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  •  
    Daniel 09-19-17
    Daniel 09-19-17
    HELPFUL VOTES
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    "Invaluable Life Guidance for Business and Personal"
    Would you recommend this audiobook to a friend? If so, why?

    Indeed. It is very well written, written as if it were spoken as a mentor which provides clarity.


    8 of 9 people found this review helpful
  •  
    Kiwi 09-19-17
    Kiwi 09-19-17 Member Since 2016
    HELPFUL VOTES
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    "Everyone alive must learn this-"
    What made the experience of listening to Principles the most enjoyable?

    Incredible information/ Principles.


    What other book might you compare Principles to and why?

    Tony Robbins Unshakeable.


    Which character – as performed by Ray Dalio and Jeremy Bobb – was your favorite?

    Dalio, playing himself!!


    Did you have an extreme reaction to this book? Did it make you laugh or cry?

    MADE ME ACT!!!


    Any additional comments?

    Just listen to it.

    5 of 7 people found this review helpful
  •  
    Eric Lynch 10-20-17
    Eric Lynch 10-20-17 Member Since 2017
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    "Longtime Follower of Ray"

    I was first introduced to Bridgewater back in 2011 when I started working at a recruiting firm that had just been retained for a couple positions. As a partner, I was intimately involved in their culture and even made a few onsite visits. The experience changed my life forever.

    As noted in the book, Ray posted the Principles to the Bridgewater website back in 2010 which is where I first read them. Now they are published and with it comes the context they were lacking when they statically existed on the Bridgewater homepage.

    Truly eye-opening stuff all around.

    0 of 0 people found this review helpful
  •  
    Dan 10-20-17
    Dan 10-20-17 Member Since 2017
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    "I wish I didn’t waste so much time with it."

    He tells his life success story and than babels on and on with the most generic business organization jargon.

    It should be called Ray Dalio: Obvious Common sense

    1 of 1 people found this review helpful
  •  
    Andrei Zamfir 10-19-17 Member Since 2017
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    "very interesting!"

    i will try to guide my life in a more organized way.
    love this book!
    good job

    0 of 0 people found this review helpful
  •  
    Robin 10-17-17
    Robin 10-17-17 Member Since 2016
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    "Great book by someone worth listening to"

    This book is very zero in his way to describe how to run a business fairly, without stress, and profitably. It is very descriptive how to handle problems from top to bottom with a very methodical approach, while very inclusive and taking into account all ideas from the smartest people at your company without bias. I would recommend this book to all the employees of my company and believe it will improve decision-making process for everyone. Maybe one of the best books I’ve read.

    1 of 1 people found this review helpful
  •  
    Anonymous 10-17-17
    10-17-17 Member Since 2017
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    "Brilliant insights"

    An amazing book of experience and insights. Can practice the insights in your personal and professional life. In-depth analysis of the of an organisation and how principle matters.

    0 of 0 people found this review helpful
  •  
    Komiljon A. 10-16-17
    Komiljon A. 10-16-17 Member Since 2017
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    "Good book"

    Read the book. Took many notes. Bought another copy for my friend. Looking forward for the app.

    0 of 0 people found this review helpful
  •  
    kendall white 10-16-17 Member Since 2017
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    "Its time to drive results"

    Ray has sat down with Jeremy to create a framework by which you can plug in the inputs of your life and analyze the outputs. if you dont like the results then apply the framework , evolve the design, and drive the outputs you seek. I recommend this book to anyone who wants to approach the world with a piece by piece act by act outlook.

    0 of 0 people found this review helpful
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    Caleb J Drown 10-16-17 Member Since 2015
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    "Dry and Dull"

    The most interesting story to this book was the opening sentence. After that it went down-hill. Very disappointed. Few thoughts were original... while I can see why Ray Dalio is where he is in life and is the smart, brilliant market tactician, I think he is better lead by example than lead by sharing advice.

    2 of 2 people found this review helpful
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  • Thomas Sichel
    9/30/17
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    "Life changing"

    This book is full of concrete wisdom. I read the pre-release two years ago and began implementing some of the advice Ray Dalio gave, this latest release of his has really taken things further. I honestly can't recommend this book enough, whether your looking to start a company or just improve your life...

    Thank you Ray for bringing such powerful knowledge to world

    4 of 5 people found this review helpful
  • Vlad
    10/20/17
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    Performance
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    "I personally didn't find it educational enough."

    The book feels a lot like a linear autobiography. It talks about major events from the author’s past, including successes and failures the author has learnt from.

    In the beginning, the book sounded to have been structured well and the author’s writing style seemed quite analytical. The author’s voice is clear and composed throughout. I really liked it when the author states he doesn’t wish to impose his beliefs on the listener and that the advice he’ll be sharing may not benefit everyone.

    The author frequently speaks about how has helped companies run more efficiently. Most times, however, I struggled to extract value from his explanations unless he gave some sort of evaluation in the end.

    The author also speaks a lot about his company Bridgewater, its challenges and achievements as well as constantly evolving culture and management. To me it sounded the author was more interested in describing, explaining and at times praising his business instead of looking to provide knowledge to the listener in a direct and understandable way.

    Four hours in, the book appeared to have become an autobiography of Ray Dalio’s business and career. I decided to return it because the more I listened to it, the less I felt it benefited me.

    I wouldn’t recommend the book to everyone but if you are into investing, finance and business management, you may really like the book.

    0 of 0 people found this review helpful
  • Anonymous
    10/15/17
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    "So much value!"

    The amount of value in this book is so much! The book gives you insight of how Ray has managed to grow his company by the principles. And the amount details he goes into is amazing. A great read for new company's who want a recipe for success.

    0 of 0 people found this review helpful
  • Michael
    10/12/17
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    "Great knowledge"

    need to put this into practice... they say months to form a habit?!? thought it was 6

    0 of 0 people found this review helpful
  • Vladislavas
    10/10/17
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    "Must Listen"

    If you are rules and principle guided person this one is a must Listen. You can draw upon experience of one of most successful people.

    0 of 0 people found this review helpful
  • Simon
    10/5/17
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    "A very big list"

    Interesting ideas from someone who undoubtedly is a success. It is a very large list and difficult to digest. But I am sure there is a lot of wisdom in there.

    0 of 1 people found this review helpful
  • Simon
    10/5/17
    Overall
    Performance
    Story
    "A very big list"

    This is very long list and very difficult to digest especially as an audiobook. But you can't question his authority on the subject.

    0 of 2 people found this review helpful

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