Principles
Life and Work
About the book
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by Ray Dalio | Simon & Schuster Ā©2017 |
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592 pages |
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7 hours saved on average by reading this note |
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brianās take
Ray Dalio is one of the most successful people alive. In fact, Time magazine says that heās one of the 100 most influential people on the planet while Fortune magazine tells us his company (Bridgewater Associates) is the 5th most impactful private company in the U.S. and Forbes tells us that heās one of the 100 wealthiest people on the planet. All of which makes Dalio, to use his words, ābelievableā when it comes to discussing how to get what we want in life and work. Enter: Principles. Big Ideas we explore: how to evolve, whatās most important, meet the shapers, Principles #1 (Embrace reality and deal with it) + #2 (5-Step process to getting what you want in life), and the two AIās: Artificial Intelligence + Ancient Intelligence.
"Principles are fundamental truths that serve as the foundations for behavior that get you what you want in your life. They can be applied again and again in similar situations to help you achieve your goals."
Ray Dalio
big ideas
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Strive for a Lot + Fail Well |
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Whatās most important? |
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Shapers = Heroes + Actualizers |
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Principle #1: Embrace Reality and Deal with It |
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Principle #2: Use the 5-Step Process to Get What you Want |
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2 AIās: Artificial Intelligence + Ancient Intelligence |
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Principles
introduction
from the book
āBefore I begin telling you what I think, I want to establish that Iām a ādumb shitā who doesnāt know much relative to what I need to know. Whatever success Iāve had in life has had more to do with my knowing how to deal with not knowing than anything I know.
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The most important thing I learned is an approach to life based on principles that help me find out whatās true and what to do about it.
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Iām passing along these principles because I am now at the stage in my life in which I want to help others be successful rather than to be more successful myself. Because these principles have helped me and others so much, I want to share them with you. Itās up to you to decide how valuable they really are and what, if anything, you want to do with them.ā
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Ray Dalio is one of the most successful people alive.
In fact, Time magazine says that heās one of the 100 most influential people on the planet while Fortune magazine tells us his company (Bridgewater Associates) is the 5th most impactful private company in the U.S. and Forbes tells us that heās one of the 100 wealthiest people on the planet. (Nice trifecta, eh?!)
All of which makes Dalio, to use his words, ābelievableā when it comes to discussing how to get what we want in life and work.
Enter: Principles.
The book is an incredibly thoughtful and thorough look at the āfundamental truths that serve as the foundations for behavior that gets you want you want in your life. They can be applied again and again in similar situations to help you achieve your goals.ā
The book has three parts. Part I: Where Iām Coming From is about Dalioās life story. Essentially a mini-autobiography. Part II is about Life Principles and Part III is about Work Principles. Dalio plans to publish another volume with two other parts, Economic and Investment Principles.
As I tried to wrap my brain around how to capture my favorite Ideas in the 567-page, epically dense tome, I realized that it might be best to do one Note on Life Principles and another one on Work Principles. So, thatās what weāre going to do. This Note will cover Dalioās life and Life Principles. Weāll come back to Work Principles later.
Having said all that, I absolutely loved the book. Itās wonderfully confronting and thought-provoking and empowering. And, quite simply, one of the best books Iāve read. (Get a copy here.)
(To put it in perspective, Bill Gates says this on the front cover: āRay Dalio has provided me with invaluable guidance and insights that are now available to you in Principles.ā)
Iām excited to share some of my favorite Ideas (with, as always, an emphasis on stuff we can apply to our lives TODAY!) so letās jump straight in!
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