Use tools and protocols to shape how work is done Design improvements for your machine to get around your problems Diagnose problems to get at their root causes Manage your company as if you were operating a machine trying to achieve a goal Constantly train, test, evaluate, and sort people Hire right, because the penalties for hiring wrong are huge Remember that the who is more important than the what How to get the right people for your workplace.Recognize how to get beyond disagreements Believability weight your decision making

Create a culture where mistakes are tolerated, but it’s unacceptable not to learn from them Cultivate meaningful work and meaningful relationships The company must put their trust in radical truth and radical transparency

How to get the culture of your workplace right.

Learn how to make decisions effectively.

Understand that people are wired differently.

Use the 5-step process to get what you want out of life.

Entering the third stage of his life, and the writing of the ‘Principles’ book.

Coming back from the financial abyss, and the first principles.

Dalio’s college and early work experiences.

This summary of ‘Principles’ by Ray Dalio will summarize each of these sections in turn, providing you with all the key takeaways.

The third section discusses work principles, where Dalio uses his experience as the founder of Bridgewater to show how the use of radical truth and radical transparency can transform an organization.

Here, Dalio demonstrates how these principles can be applied to the natural world, in relationships, business, and policymaking.

The second section looks specifically at principles for life.

The first section looks at how Dalio’s principles were formed from his experiences.

His mantra for success? Strive for a lot, and fail well.ĭalio’s ‘Principles: Life and Work’ book is structured into three sections: He crafted these principles by making many mistakes, but then reflecting on them well. He believes that following his principles can get you what you want from life. Dalio attributes his success to a set of principles that help him to discern what is true. The founder of Bridgewater Associates, a prominent investment management firm, and the world’s 79th wealthiest person, he understands what it takes to be successful. Ray Dalio, one of the most successful entrepreneurs of our time, is humble about what he knows.

Ray dalio principles summary