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ABOUT THE BOOK
Ray Dalios Principles is a short work dedicated to the explanation of the differences between values and principles, Ray Dalios own principles, and how he has implemented them in his own life and his company, Bridgewater. Bridgewater is an investment managed firm that Dalio founded in 1975.
His personal principles are meant to provide guidance for those exploring their own values and principles and beginning their own careers or companies. Dalio also encourages Bridgewater employees to live by these principles and develop their own personal principles along the way that will guide their work.
MEET THE AUTHOR
Megan Yarnall is a publicist and writer from Bucks County, Pennsylvania. Megan has lived abroad in Italy and loves studying foreign language, linguistics, and writing. In her spare time she horseback rides, rock climbs, and travels. Megan also likes hiking through Acadia National Park, warm weather, photography, and doing her own DIY projects.
EXCERPT FROM THE BOOK
Dalios management principles are rooted in the hypertruth and hyperreality of his personal principles, and are devoted to the idea of creating goals, creating a machine to achieve those goals - the outcomes. The outcomes and goals are directly related to the machine, and the machine is a direct result of the culture and people that run it. Dalios management principles are what keep the culture and people, and therefore the machine, in check. When this happens, there will be steep and fast evolution. Evolution also requires feedback loops, so everyone knows what is going on and why.
Dalios management principles delve deeper in these basic, foundational principles:
Trust in Truth (Dalio 43)
Everyone should be open and transparent. Everyone has the right to know and understand what is going on. If someone has an opinion, they should speak up about it.
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