[Principles Life and Work] EBOOK / PDF


  • Audio CD
  • 592
  • Principles Life and Work
  • Ray Dalio
  • English
  • 13 January 2018
  • 9781508243243

10 thoughts on “[Principles Life and Work] EBOOK / PDF

  1. says: [Principles Life and Work] EBOOK / PDF

    Ray Dalio À 5 Free download Download ´ PDF, eBook or Kindle ePUB free À Ray Dalio Summary Principles Life and Work Overall I'm having trouble understanding the hype around this book except that the author is super rich So maybe no one wants to contradict him or even edit his writing for rampant redundancies Much of the original advice is problematic Radical transparency which is the main concept is a non starter in a culture of corru

  2. says: [Principles Life and Work] EBOOK / PDF

    Ray Dalio À 5 Free download [Principles Life and Work] EBOOK / PDF Ray Dalio showed us that in order to build a successful hedge fund it’s not enough to follow your intuition It’s much wiser to follow a set of principles that will guide you and protect you from bad decisions He divided those principles into life principles and work principlesThe top 3 principles I applied

  3. says: Ray Dalio À 5 Free download [Principles Life and Work] EBOOK / PDF

    [Principles Life and Work] EBOOK / PDF The funniest part was when he talked about his favorite book Joseph Campbell's man of a thousand faces I read that book as an interesting wor

  4. says: Download ´ PDF, eBook or Kindle ePUB free À Ray Dalio Ray Dalio À 5 Free download [Principles Life and Work] EBOOK / PDF

    [Principles Life and Work] EBOOK / PDF When I first began reading it I rather liked it I also liked the idea of it a successful man who has attempted to identify the specific habits or behaviors that enabled his success I was especially interested in his comment about having put the principles into a computer so that he could have software make the same decision and then compare

  5. says: [Principles Life and Work] EBOOK / PDF

    [Principles Life and Work] EBOOK / PDF Amazing book must read for anyone who has to make decisions in life that means everyone but I think the impact your decisions have t

  6. says: Download ´ PDF, eBook or Kindle ePUB free À Ray Dalio Ray Dalio À 5 Free download [Principles Life and Work] EBOOK / PDF

    [Principles Life and Work] EBOOK / PDF TLDR You can just watch my summary here Ray Dalio has an amazing story and this book explains many principles t

  7. says: [Principles Life and Work] EBOOK / PDF

    [Principles Life and Work] EBOOK / PDF Download ´ PDF, eBook or Kindle ePUB free À Ray Dalio Ray Dalio À 5 Free download I love how Ray Dalio gamifies his life He treats his failures as puzzles or missions where his goal is to reflect on the pain and get to the root of the problem If he succeeds he'd gain a gem in the form of a principle There have been

  8. says: Download ´ PDF, eBook or Kindle ePUB free À Ray Dalio Ray Dalio À 5 Free download Summary Principles Life and Work

    Summary Principles Life and Work [Principles Life and Work] EBOOK / PDF The utility of the content in the book is worth 5 stars but I'm docking a star for the smarmy tone within the historical section about early Bridgewater and early career Dalio I'm certain I will return to the material and continue to dig out sometimes radical approaches to my life and work but I'm also pretty sure I'll never go c

  9. says: [Principles Life and Work] EBOOK / PDF

    [Principles Life and Work] EBOOK / PDF • IMPORTANCE OF PRINCIPLES • The most important thing i learned is an approach to life based on principles that helps me find out whats true and what to do about it • Principles are fundamental truths that serve as the foundations for behaviour that gets you what you want out of life They can be applied again and again in simi

  10. says: Download ´ PDF, eBook or Kindle ePUB free À Ray Dalio Ray Dalio À 5 Free download [Principles Life and Work] EBOOK / PDF

    Summary Principles Life and Work Ray Dalio À 5 Free download [Principles Life and Work] EBOOK / PDF Only 2 reasons to read this book1 You work at Bridgewater2 You haven’t read any recent businessself help booksThe information is pretty standard The beginning is a memoir which was kind of interesting The principles themselves are trite Would not recommend this book

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Principles Life and Work

Free download Principles Life and Work ä PDF, eBook or Kindle ePUB free Ray Dalio À 5 Free download Download ´ PDF, eBook or Kindle ePUB free À Ray Dalio Et of uniue 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 successIn 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” incl. Amazing book must read for anyone who has to make decisions in life that means everyone but I think the impact your decisions have the useful his frameworks are I m giving it 5 stars for the big ideas and uniueness of them though I will warn you that the book is very long and highly repetitive there is probably a way to read only parts of it and still get all the big ideas Also as I do for most books these days I read it with a combo of Kindle ebook and Audible and Ray reads the first half of the book himself and given that part is backstorybio It s much powerful to hear it in his voiceDalio was successful because he timed it perfectly he was one of the first to apply computers to investing He also along the way invented what we call a hedge fund which is only possible to do well if you highly leverage computers He leveraged computers heavily turning all investment decision making he could into algorithms He found this worked so well that he attempted to turn ALL decision making into algorithms this book goes into personal life and management work algorithms aka principles This is one of the interesting ways Ray approaches life he is trying to turn all his life into algorithmsThe key to doing this well is to 1 Slow down your thinking so you can note the criteria you are using to make your decision 2 Write the criteria down as a principle 3 Think about those criteria when you have an outcome to assess and refine them before the next one of those comes alongAndWhenever I make an investment decision I observe myself making it and think about the criteria I used I ask myself how I would handle another one of those situations and write down my principles for doing so Then I turn them into algorithms I am now doing the same for management and I have gotten in the habit of doing it for all my decisionsI found the definition of his inspiration of a hedge fascinating as it applies to life in general too basically make lots of uncorrelated betsThat simple chart struck me with the same force I imagine Einstein must have felt when he discovered Emc2 I saw that with fifteen to twenty good uncorrelated return streams I could dramatically reduce my risks without reducing my expected returns It was so simple but it would be such a breakthrough if the theory worked as well in practice as it did on paper I called it the Holy Grail of Investing because it showed the path to making a fortuneOne of the Big Ideas of the book that Ray talks a lot about a lot is the notion of creating an idea meritocracyof all approaches to decision making an idea meritocracy is the best40 It s almost too obvious to warrant saying but I will anyway Knowing what you can and cannot expect from each person and knowing what to do to make sure the best ideas win out are the best way to make decisions Idea meritocratic decision making is better than traditional autocratic or democratic decision making in almost all casesIn order to do this Ray believes strongly in having radical transparency and being radically open minded I think these sections are worth reading if you don t read the whole book worth re reading too A transparent culture means everything is shared metrics and data how the company or teams are doing what is said in meetings all meetings are recorded at Bridgewater and anyone can access the recordings later strategic issues like if they are considering a merger of one group and even what people are like Bridgewater has opened sourced a big piece of people management what people s strengths and growth areas are They use personality tests as well as input from others in the company to assess this and then put it on baseball cards for each person which anyone in the company can see He describes how useful these tools are when creating a new project team to make sure you have a balance of the right skillsets and types of people on it and how without this many people are just naturally likely to pick people like themselves This way of operating is so interesting and different that many notable phycologists Eg Adam Grant have gone to study the Bridgewater culture In addition to collecting dots about people in meetings we collect data on our people in numerous other ways reviews tests the choices people make etc All these dots are analyzed via computerized algorithms based on stress tested logic in order to create pointillist pictures of what people are like That logic is typically shared with and vetted by the people in the company to help its objectivity and believability We then capture these pictures in Baseball Cards which are a simple way of presenting a person s strengths and weaknesses and the evidence behind them in much the same way as a baseball card does for a professional baseball playerOnce you know who is good at what it becomes a way to de risk decision making in a meritocratic way People who score high at things aka are believable get weight in their opinions on things in that area Most of us do this intuitively ask and listen to those who know about something but having a system to enforce that will catch a lot of cases where it isn t happening Thinking about where this might go if expanded broadly is a bit interesting feels like it could really turn into gamified decision makingAs Bridgewater s system currently exists everyone is allowed to give input but their believability is weighted based on the evidence their track records test results and other data Responsible Parties can overrule believability weighted voting but only at their peril

Download ´ PDF, eBook or Kindle ePUB free À Ray Dalio

Free download Principles Life and Work ä PDF, eBook or Kindle ePUB free Ray Dalio À 5 Free download Download ´ PDF, eBook or Kindle ePUB free À Ray Dalio 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 forty years to create uniue results in both life and business and which any person or organization can adopt to help achieve their goalsIn 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 money for its clients than any other hedge fund in history and 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 s. Overall I m having trouble understanding the hype around this book except that the author is super rich So maybe no one wants to contradict him or even edit his writing for rampant redundancies Much of the original advice is problematic Radical transparency which is the main concept is a non starter in a culture of corruption and incompetence And that s what we re living in Detroit An American Autopsy So if you re a mid level manager in a large organization you will probably have a lot of trouble if you try to implement Dalio s advice He can do it because he s the eccentric boss of his own privately held firm But even there it doesn t seem to work very well Despite their extreme vetting process for new hires they dispose of one third of them For a very long book about evidence based management there s a conspicuous lack of evidence even testimonials from happy employees about how great it is to work at BridgewaterMuch of the advice is unoriginal There s a long detour into neurobollocks Brainwashed The Seductive Appeal of Mindless Neuroscience that adds little to the ancient metaphor of the little Reason rider trying to control the Emotions elephant The great classic business advice writers Carnegie Covey etc make a point up front that they are not inventing anything because they are borrowing from the wisdom of the world Dalio wants to give the impression that these are his Principles he came up with So what Well he makes a really big deal about humility The chain of internal inconsistencies makes me wonder if there s any there there I think an advice book is worthwhile if it provides one useful tip The ten minute daily report email eg I might try If I implement something helpful I ll come back and bump up the scoreUpdate June 2018 I m knocking the score down because the book overall seems like BS and the ten minute daily report for example is not useful for me

Summary Principles Life and Work

Free download Principles Life and Work ä PDF, eBook or Kindle ePUB free Ray Dalio À 5 Free download Download ´ PDF, eBook or Kindle ePUB free À Ray Dalio Ude 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 achieveHere is a rare opportunity to gain proven advice unlike anything you’ll find in the conventional business pre. I love how Ray Dalio gamifies his life He treats his failures as puzzles or missions where his goal is to reflect on the pain and get to the root of the problem If he succeeds he d gain a gem in the form of a principle There have been many gems throughout his life and he compiled and shared them in this book