What You'll Learn:
Ray Dalio built Bridgewater Associates out of his small New York City apartment in 1975. Bridgewater is now considered one of the most successful investing firms in the world, and Times and Forbes have deemed him one of the world’s wealthiest, most influential people alive. In this book, Dalio distills decades of knowledge and experience into guiding principles for getting all that we can out of life. According to Dalio, it all begins with fundamental truths that equip us to achieve our personal and professional goals.
Key Insights:
- Principles help us confront challenges and give meaning to life and work.
- Life is more meaningful when we align ourselves with reality.
- The natural order can help put us in better touch with reality.
- To get what you want out of life, it is important to engage in the 5-step process of personal evolution.
- The ego and blind spots are the most significant obstacles to clear decision-making.
- Open-mindedness sets us free from the pressure of always being right and performing perfectly.
- The ability to distinguish levels of reality is key to maintaining perspective and prioritizing tasks.
- The idea meritocracy is the best approach to decision making, hands down.