In our complete Principles summary, we’ve distilled and organized these principles into an easy-to-digest format presented in 2 parts: Life Principles and Work Principles. You can get the list of high- and mid-level principles here. Dalio covers more than 500 high-level principles, mid-level principles and sub-principles. This is a thick book organized into 3 sections: (i) a detailed account of Dalio’s personal journey plus a breakdown of his (ii) Life Principles and (iii) Work Principles. He also relentlessly refined his approach to investments (which will be elaborated in another book on investment principles). He sought to deepen/widen his perspectives, understand how humans think and behave, and how to leverage strengths toward specific goals. After suffering several major setbacks-including losing everything in the 1980s’ market crash-he humbled himself, learned from his failures, and consistently documented and tested his decision-making criteria to gain powerful insights about work and life.ĭalio stopped running Bridgewater top-down as the sole expert and authority, and shifted to an idea meritocracy where the wisdom of every person in the organization can be harnessed. His achievements led him to become overconfident of his ability to predict the financial market. Introduction: PrinciplesĪfter his early career success as an investment trader and broker, Ray Dalio started his own brokerage firm, Bridgewater, in 1975. For the full details, examples and tips, do get a copy of the book, or get a detailed overview with our complete book summary bundle.

In this Principles summary, we’ll briefly outline Ray Dalio’s principles for life and work. In this book, billionaire Ray Dalio shares the Principles that have helped him to succeed in life and work, in hope of helping you to uncover and apply your principles. fundamental truths that guide our actions to help us achieve what we want in life. Successful people are guided by principles, i.e.

Principles by Ray Dalio