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3.8 AVERAGE
3.8 AVERAGE
I like Ray, but this book made me cringe. I won't leave my full review (it has many not-so-nice words). But I'll say this, Ray talks about "meritocracy" and "radical whatever" a thousand times in the book. He obviously talks about his principles. What he wants you to know is this:
Meritocracy + (Your) Principles + Radical transparency = SUCCESS
What he doesn't account for, and what most successful people don't account for, is luck. Always, the real formula is:
(Whatever a successful person says) + Luck = SUCCESS
I know that Ray is not the first, and not the only, person to implement that formula. He did it, and luck was on his side. I wish Ray would have acknowledged this in his book.
Secondly, while some principles are good, most are demeaning to people. Ray tells the reader that at Bridgewater, they would make baseball cards with people's qualities. I find it very offensive and reductive; humans are more than adjectives and numbers. I have some qualities that unconsciously affect me but my coworkers don't know about (because I don't want them to know).
I much more enjoyed the original pdf he put out - it's a lot more succinct, and lacks the editorial polish a book needs (I think that's a plus). If you can find it, read it. The book can be skipped.
Meritocracy + (Your) Principles + Radical transparency = SUCCESS
What he doesn't account for, and what most successful people don't account for, is luck. Always, the real formula is:
(Whatever a successful person says) + Luck = SUCCESS
I know that Ray is not the first, and not the only, person to implement that formula. He did it, and luck was on his side. I wish Ray would have acknowledged this in his book.
Secondly, while some principles are good, most are demeaning to people. Ray tells the reader that at Bridgewater, they would make baseball cards with people's qualities. I find it very offensive and reductive; humans are more than adjectives and numbers. I have some qualities that unconsciously affect me but my coworkers don't know about (because I don't want them to know).
I much more enjoyed the original pdf he put out - it's a lot more succinct, and lacks the editorial polish a book needs (I think that's a plus). If you can find it, read it. The book can be skipped.
See my review of this book: https://businessbookreviewer.com/2017/10/23/review-principles-life-and-work/
Principles questions the values that shape the rest of your life. These set the foundations on which decisions will be made; these make us who we are.
Key Takeaways
- If you’re not failing or in pain, you’re not pushing your limits, you’re not maximizing your potential
- Dreams + Reality + Determination = Success
- See life from a higher, objective perspective
'Principles' has also led to my decision to pursue Financial Economics at university. As Dalio says, with hard work and an open mind, anything is possible.
Key Takeaways
- If you’re not failing or in pain, you’re not pushing your limits, you’re not maximizing your potential
- Dreams + Reality + Determination = Success
- See life from a higher, objective perspective
'Principles' has also led to my decision to pursue Financial Economics at university. As Dalio says, with hard work and an open mind, anything is possible.
Impressive amount of writing and the org he built. I liked the first half story of his life the best. The principles are aspirational to say the least.
informative
medium-paced
Could have been way better, unfortunately most of the principles talked about in this book aren't really tremendous. Moreover, there was quite a lack of work into making this book adequately publishable as most of the text looked like an internal HR memo more than a real book. Some thoughts were interesting, but not really enough to justify the time it took to read.
informative
inspiring
reflective
medium-paced
Well thought and well structured
Sencillos y contundentes aportes de Ray Dalio que no solamente dan a entender el transfodo de su desarrollo como inversionista y empresario, sino como persona, lo cual viene genial para quienes buscan desarrollar herramientas profesionales e incluso gerenciales.
Sin duda es de esos libros que no los terminas nunca porque volverás a el una y otra vez para contextualizar lo que entiendes a una etapa diferente de tu vida.
Sin duda es de esos libros que no los terminas nunca porque volverás a el una y otra vez para contextualizar lo que entiendes a una etapa diferente de tu vida.
This is hands down one of the best reads this year!
The book is divided into three parts: the life story of the author, Life Principles, and Work Principles. Even though I find the first part exciting and inspiring, the actual value for me lies in the last two parts. Ray Dalio has distilled the principles from all the lessons learned through his quite extraordinary life and career and shared it to the world.
I could especially relate to work principles. While reading them, I've found some of the matching principles which I had to discover the hard way - by trial and error and came to similar conclusions, giving even more credibility to other principles from my point of view and a feeling of urgency to try and implement them.
It is very rare to find such a concentration of knowledge in one book. Having this in mind this book might be one of the most impactful reads, especially if you have the power and will to change things in the organization for the better.
The main concepts: idea meritocracy, believability, radical truth, and transparency and many others already found a way into my daily life and our organization. I believe that in the long run, it can make an enormous impact on both.
The book is divided into three parts: the life story of the author, Life Principles, and Work Principles. Even though I find the first part exciting and inspiring, the actual value for me lies in the last two parts. Ray Dalio has distilled the principles from all the lessons learned through his quite extraordinary life and career and shared it to the world.
I could especially relate to work principles. While reading them, I've found some of the matching principles which I had to discover the hard way - by trial and error and came to similar conclusions, giving even more credibility to other principles from my point of view and a feeling of urgency to try and implement them.
It is very rare to find such a concentration of knowledge in one book. Having this in mind this book might be one of the most impactful reads, especially if you have the power and will to change things in the organization for the better.
The main concepts: idea meritocracy, believability, radical truth, and transparency and many others already found a way into my daily life and our organization. I believe that in the long run, it can make an enormous impact on both.
challenging
informative
reflective
slow-paced