As of June 2021, Bridgewater manages around $150 billion while Dalio has a net worth of $20.3 billion and ranks #88 on the Forbes list of billionaires.
We’ll discuss these strategies in more detail later in the guide.Ī self-described “hyperrealist,” Dalio relies on his experiences, exhaustive research, and his extensive knowledge of past economic events to help him recognize patterns, make predictions, and formulate strategies that have paid off. The experience also ultimately led him to develop some unconventional investment and management strategies that led to Bridgewater’s success. This experience of failure taught Dailo not to be overconfident, to gain a more complete view of economic history, and to find ways to balance low risk with high returns. He started Bridgewater out of his apartment in New York in 1975 and enjoyed some success before he made some erroneous market predictions that caused him to lose everything in 1982. He grew up in a middle-class neighborhood in Long Island and began playing the stock market at age 12. Ray Dalio is the founder, co-chairman, and co-chief investment officer of Bridgewater Associates, the largest hedge fund in the world. We’ll take a look at the book’s background, impact, and critical reception. In this article, we’ll review Ray Dalio’s Principles: Life and Work. Dalio shares his major strategies to circumvent these weaknesses. The main theme is that finding the truth is the best way to make decisions, and that ego and emotion prevent you from discovering the truth.
His book is a guide to rational thinking. In his book Principles: Life and Work, billionaire Ray Dalio discusses the experiences, lessons, and practices that shaped the guiding principles powering his success. Is Ray Dalio’s Principles: Life and Work worth reading? What is the key message you can take away from the book? Like this article? Sign up for a free trial here. Shortform has the world's best summaries of books you should be reading. This article is an excerpt from the Shortform summary of "Principles: Life and Work" by Ray Dalio.
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