Principles By Ray Dalio: Summary And Notes
Lessons from the most successful hedge fund manager ever
“If you work hard and think creatively, you can have just about anything you want, but not everything you want.”
Rating: 9/10
Related: The Changing World Order, Your Next Five Moves, Poor Charlie’s Almanack, Work The System, Thinking, Fast and Slow
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Principles By Ray Dalio: Short Summary
In Principles, Ray Dalio lays down the rules and frameworks he uses to navigate his life. The book explores truth-seeking, decision-making, and the implementation of systems to achieve success. Afterward, Ray goes over the management principles he used to build his multibillion-dollar hedge fund, Bridgewater.
Part 1: The Importance Of Principles
What Are Principles And Why Do They Matter?
All principles come from a set of values.
Your values are what you consider important and they define who you want to be. However, they are not practical to use when you are faced with tough decisions.
