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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

4.7 (447 )
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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.


    7 of 8 people found this review helpful
  •  
    Kiwi 09-19-17
    Kiwi 09-19-17 Member Since 2016
    HELPFUL VOTES
    5
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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
  •  
    Robin 10-17-17
    Robin 10-17-17 Member Since 2016
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    6
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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.

    0 of 0 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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    2
    2
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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
  •  
    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.

    0 of 0 people found this review helpful
  •  
    Sherli L. 10-15-17
    Sherli L. 10-15-17
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    "A thought-provoking titanic resource."

    This is one of those rare books which try to help the reader build a successful platform for his or her life. On a very pragmatic level. I am thoroughly astounded, impressed and amazed at the volume of disciplined work, thought, and creative process that went in to this particular book. It is the result of many, many years of hard work. Now that the author has presented his life work to us the readers, how can we really use it for our own benefit? Unfortunately, a lot of people will read this and not apply to their lives. Fortunately, there will be some who will do so with enthusiasm, and vigor. This is one step towards the thousand-mile journey to help human kind improve our own lot. Thank you for sharing Ray. Nameste.

    0 of 0 people found this review helpful
  •  
    Mckenzy Germain Richmond, CA United States 10-15-17
    Mckenzy Germain Richmond, CA United States 10-15-17 Member Since 2017
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    "The Blueprint — Lessons From Reformed New Yorker"

    The Blueprint — 10 Lessons From Principles: Life and Work by Ray Dalio

    What makes this book a gold mine for me and like-minded people:

    1. Understanding why a meritocratic environment works best for my personality has helped me shed imposter syndrome; mask off.

    2. Ray defines a valid solution around a psychological dichotomy and process that stems to eliminate a ton of common misconceptions. Supportive ideologies around the power of numbers & group theory, associated with machine learning seem to be a great formula for creating an effective symbiotic ecosystem. If practiced by those who are open to change and constructive criticism.

    3. The opening line made me want to get on plane to NYC, take a train over to CT, give Ray a high five, then head back to the concrete jungle to engage in shenanigans.

    4. Machine learning (ai) can have a positive outcome as long as its used as supportive component for analytics and behavioral studies.

    5. Ai, when done right, has the ability to yield some highly beneficial outcomes around structuring teams and making business decisions. At the same time, it can aid in studying your personal history, train of thought, and help predict what environments are good for personality.

    6. It’s good to be open to constructive criticism.

    7. Arguments should occur with the intention of arriving at new learnings, not to generate hatred or sense of detachment from the opposing party.

    8. Some personalities just don’t work for the environment or culture that you are trying to creates. And in certain cases YOU actually create the high level of toxicity that destroys the environment that you are attempting to create.

    9. The goal of learning is to grow and one day help another elevate themselves by sharing your learnings in an intuitive manner.

    10. Mistakes should be embraced in the same we celebrate blessings. For in a lost or failure, we have an opportunity to learn and increase our aptitude around problem solving for that specific issue.

    Bonus: never give up and let your humility serve as the honey that will capture the hearts and minds of your counterparts.

    0 of 0 people found this review helpful
  •  
    Jeffrey Patterson 10-14-17
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    "The Foundation for Business"

    Many thanks to Ray Dalio for providing a successful framework for life and business. This is easily one of the best books on the subject.

    0 of 0 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
  • 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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