Summary: Principles – Life and Work by Ray Dalio

Principles became a #1 New York Times Bestseller for very specific reasons… (Note: This is a SUMMARY of Ray Dalio's bestseller, Principles: Life & Work) Ray Dalio was raised in a middle-class family in Long Island, NY, and later became one of the 100 wealthiest people in the world (according to Forbes). He found Bridgewater Associates out of his two-bedroom apartment and grew it to become the world’s most successful hedge fund managing over $160 billion in assets. Dalio's simple but profound principles took 40 years to perfect. Each time Dalio and his partners encountered a new problem or challenge, they tried to find the underlying principle at work and tried to learn from their pain and struggle. It is no surprise Dalio has been called the “Da Vinci” of investing, but his knowledge base spreads much wider than the world economy. He is a bold and independent thinker with unusual and grounded ideas on how to grow a successful company and live a fuller life. Dalio's principles will inspire any entrepreneur, high-caliber professional, or simply anyone who wants to find practical ways to make better decisions, deal with reality, and improve their lot in life. His no-nonsense, logical, and fire-tested strategies are useful to improve your ability to study, think clearly, and get ahead in business, as well as any other sphere of your life. DISCLAIMER: Testimonies show that our professional summaries introduce more readers to the full book who otherwise would have been overwhelmed by the initial commitment. Readers can use this summary as an introduction or a companion to the original, NOT AS A SUBSTITUTE.