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Life & Work Principles by Ray Dalio

posted onNovember 6, 2017
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Ray Dalio, the chairman of Bridgewater Associates, the largest hedge fund on Wall Street, published “Principles” in 2011, an ebook about the unconventional principles that helped him create unique results in life and business. An abbreviated version of his “Principles” was available online and the document has been downloaded over than three million times. 

Now, the billionaire who has been called both “the Steve Jobs of investing” and “the philosopher king of the financial universe” released his new book, an expanded and revised edition of the 2011 “Principles” and is the first version available in print.

According to the book's website this new version is “two books in one”.

Book one: Life Principles The first book tells the story of Dalio’s career and explains his overarching approach to life using principles that affect everything he does—most importantly, how he pursues meaningful work and meaningful relationships.

Book two: Work Principles The second book explains the unusual way Dalio ran Bridgewater Associates for over 40 years, and how the firm’s unique approach to working together led to its unique results.

According to the New York Times, Dalio's new book is more significant than the original list of principles: It is part memoir, part how-to guide. It is a deeply personal story, with Mr. Dalio wading into how he started his firm in 1975, internal conflicts inside the company and strife early on in his career."

Ray Dalio, Chairman of Bridgewater Associates

Ray Dalio was born in 1949 in, New York. According to the New York Magazine, Dalio began investing at age 12, buying shares of Northeast Airlines for $300 and tripling his investment after the airline merged with another company. He received a bachelor's degree in finance from Long Island University (CW Post) and an MBA from Harvard Business School. After completing his studies, Ray Dalio worked on the floor of the New York Stock Exchange and in 1975, he founded Bridgewater Associates from his two-bedroom New York City apartment. Bridgewater in 2012 became the largest hedge fund in the world and the same year Dalio appeared on Time magazine’s list of the 100 most influential people in the world. According to Forbes Magazine, Ray Dalio has a net worth of $17 billion, as of July 2017.