Principles: Life and Work by Ray Dalio #Audiobook

Don’t confuse what you wish were true with what is really true

Ray Dalio, one of the most successful investors and entrepreneurs in the world, reveals the unconventional principles that have guided his career and life in Principles.

Bonus tip: This book is recommended by Elon Musk, Jeff Bezos, Mark Zuckerberg among other successful entrepreneurs!

If there is one big takeaway that you can have from the book, it is:

Pain + Reflection = Progress🚀

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This book distills over 40 years of Dalio’s experience, during which he founded and led Bridgewater Associates, a firm that has become one of the most successful hedge funds globally and a model for innovative business practices.

"The quality of your decisions determines the quality of your life."

Meaningful work and meaningful relationships are the foundation of a fulfilling life.

Not just for financial professionals, Principles is filled with insights into decision-making, team building, and achieving meaningful work and relationships. It is a guide to applying proven frameworks for success in any field. Dalio’s radical ideas challenge conventional wisdom, providing readers with a fresh perspective on achieving their personal and professional goals.

Big Ideas from the book Principles

(in 1-pager format)

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Life Principles

• Embrace Reality and Deal with It

  • Be radically open-minded and transparent.

  • Understand that life is a continuous learning process.

  • Pain + Reflection = Progress.

• Use the 5-Step Process to Achieve Goals

  • Set clear goals.

  • Identify problems preventing progress.