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3.8 AVERAGE
3.8 AVERAGE
No fresh insights, nothing. Much of it seems like general things that one can easily find on the Internet. Not worth your time.
emotional
informative
reflective
slow-paced
Dalio provides a comprehensive review of his organizational strategy which transformed Bridgewater Associates from a back-end asset management firm into a global trend-setting power house.
His dull monochromatic textbook approach however negates whatever effect this book may have had and couple that with his fatiguing repetition and you feel that by the end he is preaching to the converted.
A good advisory but nothing conspicuous in an already burgeoning self-help market. Dalio's name sells the Principles, not their potency.
His dull monochromatic textbook approach however negates whatever effect this book may have had and couple that with his fatiguing repetition and you feel that by the end he is preaching to the converted.
A good advisory but nothing conspicuous in an already burgeoning self-help market. Dalio's name sells the Principles, not their potency.
Conceptually I rate this 4 star, however, the length made me feel like I lost the value of the earlier parts of the book and the exact implementation is hard to envision in any place outside Bridgewater. If used as a reference to jumpstart your own creation of principles, then this is well worth the time to digest.
This book is clear and easy to follow. It goes through a lot of valuable concepts people should apply to their work/ lives. The last part of the book is advice for managers and CEOs. That part also has limited rewards but is worth reading because it is really about how to treat people and can be applied to group work/ relationships (always pay your employees a little more than they would get normally for that job -> show people that you appreciate them and be generous)
Reading the book is like opening a packet of M&Ms and finding only a few of the color you can actually eat. A small number of 'principles' are striking, the majority of the principles come across as banal. This is not because they are wrong - his principles are mostly common sense. It's because without context, the principles make for tedious reading.
Despite that, this book impressed on me the power of reflecting and learning from your past decisions, in a systematic - and even - written way. That can only help. Many do this intuitively, but now many more can with technology Also, his professional journey is fascinating. One does not go from irrascible commodity trader to billions of dollars without learning something along the way. The world is better because he shared it, along with the tools he promises will be coming at a later date.
Despite that, this book impressed on me the power of reflecting and learning from your past decisions, in a systematic - and even - written way. That can only help. Many do this intuitively, but now many more can with technology Also, his professional journey is fascinating. One does not go from irrascible commodity trader to billions of dollars without learning something along the way. The world is better because he shared it, along with the tools he promises will be coming at a later date.
Remarkable, but also deeply flawed. I loved peeking into this system, and want someone to stand on Ray's shoulders to build the next version of it.
Nothing new. But a good summary. This should have been 1/4 as long and ghostwritten. But many of the principles are sound.
I wrote this long review lol and it didn't take.
Basically, masterminds, fail small, pain + reflection. Create reviews. Emotional regulation. Create petri dish. Lazy philosophy. Triangulate believable people (antifragility and multiple failure points).
HOD, make the right things self-reinforced. Tie the right things to your identity and disassociate the rest like emotions.
Use CBT, emotional accounting for noisy emotions. Look only to logical feedback and reflect and meditate to get better at not seeing the hot emotion.
Blue sky great goals with good KPIs, don't result use vanity metrics, ask 5 whys, reflect. Create antifragility so you learn from this.
Figure out what problems are and root causes of them so you aren't fixing some small dumb shit. Design a lazy plan and systems to autopilot yourself to success.
Create heuristic mental models while also letting stuff through the glasses. Aka tries to take all good behavior and habit it. Or type 1 it. However, beware of the map is not the territory argument. Make sure you are always updating like software. Truth is often unfavorable to you.
Realize the difference between the rate of change and levels. And use bets aka statistical thinking looking for patterns and not anomalies or one time events. Aka collect a lot of data.
I wrote this long review lol and it didn't take.
Basically, masterminds, fail small, pain + reflection. Create reviews. Emotional regulation. Create petri dish. Lazy philosophy. Triangulate believable people (antifragility and multiple failure points).
HOD, make the right things self-reinforced. Tie the right things to your identity and disassociate the rest like emotions.
Use CBT, emotional accounting for noisy emotions. Look only to logical feedback and reflect and meditate to get better at not seeing the hot emotion.
Blue sky great goals with good KPIs, don't result use vanity metrics, ask 5 whys, reflect. Create antifragility so you learn from this.
Figure out what problems are and root causes of them so you aren't fixing some small dumb shit. Design a lazy plan and systems to autopilot yourself to success.
Create heuristic mental models while also letting stuff through the glasses. Aka tries to take all good behavior and habit it. Or type 1 it. However, beware of the map is not the territory argument. Make sure you are always updating like software. Truth is often unfavorable to you.
Realize the difference between the rate of change and levels. And use bets aka statistical thinking looking for patterns and not anomalies or one time events. Aka collect a lot of data.
2.5 -- a few interesting takes but not a very worthwhile read for professionals with jobs outside the spheres of investing, administration and management
I think this is a really important book, but it’s one that you’ll need to keep coming back to derive the most benefit from it.