Principles

  • by Ray Dalio
  • Narrated by Ray Dalio, Jeremy Bobb
  • 16 hrs and 3 mins
  • Unabridged Audiobook

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.

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Customer Reviews

Most Helpful

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.


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- Daniel

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.

Read full review

- Kiwi

Book Details

  • Release Date: 09-19-2017
  • Publisher: Simon & Schuster Audio