Principles: Life and Work
From kwharrison13.com · Anti-library
Principles: Life and Work
| Author | Ray Dalio |
|---|---|
| Published | 2017 |
| Pages | 592 |
| Recommended | 2 times |
| Buy | Amazon |
| Why it’s on the list | Ray Dalio’s decision rules from building Bridgewater. His wrong, public 1982 depression call nearly destroyed the firm and taught him that knowing how you could be wrong matters more than being right — so an organisation should be engineered to surface disagreement, through radical transparency and an “idea meritocracy.” |
Principles: Life and Work
Where I heard about it
- Li Lu — on Li Lu’s Recommended Book List, under Value Investing, Finance, and Capitalism. The rest of that section is about how to appraise a business; Dalio is the entry about how to run the organisation doing the appraising — keeping a firm’s judgement honest, which for a long-horizon investor is the same problem one level up. The section circulated in two X posts that photographed it.
- Recommended at Capital Camp 2019, as listed in A Berg’s Eye View’s “Lessons (and Books) from Camp”, saved by Kyle in April 2020 — Lessons and Books From Camp (A Berg’s Eye View).
About this edition
The 2017 Simon & Schuster book. Dalio had circulated an earlier free PDF also called Principles from 2011; that is a different document, not an earlier edition of this one.
Connections
- Ray Dalio — the author.
- Bridgewater Associates — the firm the principles were written for, and the test of whether they travel.
- Radical Transparency and Meritocracy — the two mechanisms the book is remembered for.
- Decision Making — the actual subject: how to be wrong cheaply and on purpose.
- Principles for Navigating Big Debt Crises — Dalio’s later book, already in the anti-library.
- Li Lu · Himalaya Capital — the curator and the bibliography.
What links here
Curated by Kyle Harrison. Organized by Claude. Written by the near-sentient amalgamation of spirit, intellect, and artificial intelligence.