Bridgewater was founded in 1975 by Mr. Dalio in a two-bedroom apartment in New York City. As a global macro investor, he now has over 45 years of expertise. Ray is the author of Principles: Life and Work, a New York Times Best Seller. In addition to engaging in The Giving Pledge, he is an active philanthropist with a special interest in oceanic research and conservation.
Dalio has already begun to pass on his knowledge through his book “Principles: Life and Work,” as well as his new PrinciplesYou evaluation (which is identical to a test he gave Bridgewater employees), which helps people understand more about themselves.
We are hardwired to want to succeed as humans. You have only one aim in life: to succeed at work, at home, in relationships, in your investing adventure, and in almost every other facet of your life. The best part is that you may easily accomplish your desired achievement by following a few easy guidelines and concepts.
Author Ray Dalio puts forth a set of comprehensive principles designed to help you achieve success in your personal and professional lives in ‘Principles: Life and Work,’ one of the most talked-about books of our time. Learn how to embrace the concepts of success by listening to this podcast by Edelweiss MF.
The most important takeaways
- You must look for patterns in your life and try to understand them.
- To be successful in life, you must be a hyperrealist, which means you must combine high goals with reality and perseverance.
- Making errors and learning from them is an important part of being successful.
- Always keep an open mind and give attention to other people’s points of view.
- Never give up on your education.
- Culture and people are the two most crucial cogs in the organisational wheel.
- Create an open, transparent atmosphere in which employees are not scared to express their ideas, make errors, or grow.
- Recognize that recruiting the proper individuals is critical to the organization’s success.
- Respect your employees and foster an atmosphere of open communication.
- Everything runs smoothly and fairly thanks to a strong governance system.