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Ray Dalio’s “Principles” is recommended by Billionaires such as Bill Gates, Michael Bloomberg, Reed Hastings (Netflix founder) , Jack Dorsey (Twitter founder), and Drew Houston (Dropbox founder). It is also recommended by gurus such as Tony Robbins and Tim Ferriss.
Billionaire Ray Dalio is the founder of the Bridgewater, the biggest Hedge Fund in the world. He is the 26th richest man in America (2018).
This book is a collection of all the principles Ray Dalio uses for decision making, in business and in life.
He first wrote “Principles” as the foundation for Bridgewater. Now he has published them for the public.
Dalio believes you must constantly learn from your own mistakes to see how reality truly is. Since we all have blind spots which prevents us from seeing reality, we need other people to help us see the truth.
In order to see how reality really is, he believes in being radically openminded, and radically transparent.
“Whatever success I’ve had in life has had more to do with my knowing how to deal with my not knowing than anything I know. The most important thing I learned is an approach to life based on principles that helps me find out what’s true and what to do about it.”