3.8 AVERAGE


Oh MAN is this a great book.

In sum:
- know what matters.
- design and build a great machine.
- cultivate an idea meritocracy.
- commit to know the truth.
- be radically open minded and transparent.
- hire and listen to reliable people.
- argue productively.
- hire people who are good, reliable and productive.
- fire people who aren’t great, even if you like them.
- sit back and watch beautiful shit happen.

I know none of this makes much sense.

Just read it.

You won’t be sorry.


Great Book.
I especially enjoyed the systematic way in which Dalio explains his Life Principles.
Very interesting and very applicable(in my opinion) to the lives of anyone(of all walks of life)

Mostly common sense, but well written and organized. Worth reading at least once. Has many gems like:

"Pain + Reflection = Progress"

"Don't pay as much attention to people's conclusions as to the reasoning that led to those conclusions."

"There is an overabundance of confidently expressed bad opinions."

"The purpose of money is to get what you want. So figure out what you want and put it above money."

Made it to chapter 4. Life is too short.

vipinajayakumar's review

5.0

I was very impressed by Ray Dalio’s principles. An idea meritocracy, believability-weighted decision making, radical transparency, the focus on continuous optimisation/evolution... From beginning to end, this book is full of excellent advice about life and work from someone who excelled at both, and became mega rich at the same time.

This book annoyed the hell out of me. Ray's personal story is really interesting, would've enjoyed more of that, but once he gets to his principles it starts feeling like a snake oil salesman who genuinely believes his elixir works.

It's interesting as a character study. Here's a guy who can't accept he's just another genius investor with the right level of tenacity and timing to make it big. He has to imagine he has invented some brilliant new philosophy to teach as well. The fact is, he's not saying anything wrong, its great and simple sounding fluff you can enjoy at that level and not dig into at all. Think of it as the Ayn Rand school of philosophy.

Couldn't make it through the Principles section before giving up.

Started off strong but got so repetitive. Didn’t finish.

Not a great audio book to listen to as there are way too many principles that overlap and ultimately his principles are all published at https://www.principles.com/ or http://freepdfs.org/pdf/principles. Download the principles vers reading this book which is part memoir and then delves into the Bridgewater principles that make it the company it is. Dalio is an interesting guy, creating one of the biggest private hedge fund companies in the world. He's coined the term radical transparency on how people should work together and built an app that using baseball card format which is a summary of each employee's strengths and weaknesses for all within the company to see. There are supposedly successful introverts that work here.

This may be what the workforce looks like in 20 years, with your resume based on your input/output and how others like working with you or not.
challenging informative inspiring reflective slow-paced

I liked this book initially but the more I read the less interested I became. He tries to make too many points at once and too many topics are addressed at one time. He jumps back forth between topics without ever really making the final point. He points to evolution and neuroscience often but doesn’t seem to have the background to be commenting on these things. I read all of the life principles and just couldn’t bring myself to read the work principles.