Ray Dalio

Books Recommended By

Ray Dalio

Ray Dalio is an American billionaire hedge fund manager and philanthropist who has served as co-chief investment officer of Bridgewater Associates since 1985, building Bridgewater into one of the largest hedge funds in the world.
Recommended Books
Written Books
SapiensGet this book on Amazon

Sapiens

Yuval Noah Harari

Recommended By

Karlie Kloss: "It’s an amazing book on the beginning of humanity. It’s scientific but also philosophical."

Joe Rogan: "Great book... Fucking fascinating... Very enlightening."

Patrick O'Shaughnessy: "This book was so entertaining and useful.

It provides a concise history of humankind and outlines why we have the psychology we do today (this part is great for thinking about investor behavior)."

Changpeng Zhao: "[This book] gives me a greater perspective about how humans emerged and why we behave the way we do."

Daniel Ek: "One of the most-talked-about books of the last couple of years, and for good reason.

Both sobering and conservatively optimistic in equal measure, it seems even more relevant for us at the moment to learn from our socio-anthropological history."

Anthony Pompliano: "One of the best books I read in 2017"

Naval Ravikant: "An orthogonal and clinical examination of the human animal, from the beginning to now.

Humans are story-telling alpha predators that killed the competition and domesticated the survivors. This is our story, and it's not all pretty."

Melinda Gates mentioned this book as one of her 11 favorite books.

Reid Hoffman: "Sapiens has had me thinking a lot about the evolution of humanity and what our future looks like."

Mark Zuckerberg: "I found the chapter on the evolution of the role of religion in human life most interesting and something I wanted to go deeper on."

Raoul Pal enjoyed reading 'Sapiens'.

One of the books Keith Rabois recommends for entrepreneurs.

Bill Gurley: "I really enjoyed [Sapiens]"

Bill Gates: "Melinda and I spent weeks talking about this history of the human race."

Einstein: His Life and UniverseGet this book on Amazon

Einstein: His Life and Universe

Walter Isaacson

Recommended By

Charlie Munger recommended 'Einstein: His Life and Universe' at the 2007 Wesco Annual Meeting.

This book was on Sam Altman's bookshelf.

One of the books Mark Zuckerberg added to his Facebook page.

The Undoing ProjectGet this book on Amazon

The Undoing Project

Michael Lewis

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Steve JobsGet this book on Amazon

Steve Jobs

Walter Isaacson

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The Rise and Fall of the Great PowersGet this book on Amazon

The Rise and Fall of the Great Powers

Paul Kennedy

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River Out of EdenGet this book on Amazon

River Out of Eden

Richard Dawkins

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An Unquiet MindGet this book on Amazon

An Unquiet Mind

Kay Jamison

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The Upside of InequalityGet this book on Amazon

The Upside of Inequality

Edward Conard

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Why We Believe in God(s)Get this book on Amazon

Why We Believe in God(s)

J. Anderson Thomson

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My Stroke of InsightGet this book on Amazon

My Stroke of Insight

Jill Taylor

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Leadership the Outward Bound WayGet this book on Amazon

Leadership the Outward Bound Way

Rob Chatfield

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Welcome to Your BrainGet this book on Amazon

Welcome to Your Brain

Sandra Aamodt

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Beyond ReligionGet this book on Amazon

Beyond Religion

Dalai Lama

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Super MindGet this book on Amazon

Super Mind

Norman Rosenthal

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The Meaning of Human ExistenceGet this book on Amazon

The Meaning of Human Existence

Edward O. Wilson

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The Serengeti RulesGet this book on Amazon

The Serengeti Rules

Sean B. Carroll

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The Spiritual BrainGet this book on Amazon

The Spiritual Brain

Mario Beauregard

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An Everyone CultureGet this book on Amazon

An Everyone Culture

Robert Kegan

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Learn or DieGet this book on Amazon

Learn or Die

Edward Hess

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A Magic WebGet this book on Amazon

A Magic Web

Christian Zeigler

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YouGet this book on Amazon

You

Michael Lombardo

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In Over Our HeadsGet this book on Amazon

In Over Our Heads

Robert Kegan

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Who Am IGet this book on Amazon

Who Am I

Steven Reiss

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Discovering Your Personality TypeGet this book on Amazon

Discovering Your Personality Type

Don Richard Riso

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Who's In ChargeGet this book on Amazon

Who's In Charge

Michael Gazzaniga

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The Gift of AdversityGet this book on Amazon

The Gift of Adversity

Norman Rosenthal

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Changing MindsGet this book on Amazon

Changing Minds

Howard Gardner

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A Whole New MindGet this book on Amazon

A Whole New Mind

Daniel Pink

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SubliminalGet this book on Amazon

Subliminal

Leonard Mlodinow

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Einstein's MistakesGet this book on Amazon

Einstein's Mistakes

Hans Ohanian

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The Evolving SelfGet this book on Amazon

The Evolving Self

Robert Kegan

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The Role of the Individual in HistoryGet this book on Amazon

The Role of the Individual in History

Georgi Plekhanov

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Creativity and the BrainGet this book on Amazon

Creativity and the Brain

Mario Tokoro

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Accidental PresidentsGet this book on Amazon

Accidental Presidents

Jared Cohen

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PrinciplesGet this book on Amazon

Principles

Ray Dalio

In 1975, Ray Dalio founded an investment firm, Bridgewater Associates, out of his two-bedroom apartment in New York City. Forty years later, Bridgewater has made more money for its clients than any other hedge fund in history and grown into the fifth most important private company in the United States, according to Fortune magazine. Dalio himself has been named to Time magazine’s list of the 100 most influential people in the world.

Along the way, Dalio discovered a set of unique principles that have led to Bridgewater’s exceptionally effective culture, which he describes as “an idea meritocracy that strives to achieve meaningful work and meaningful relationships through radical transparency.” It is these principles, and not anything special about Dalio—who grew up an ordinary kid in a middle-class Long Island neighborhood—that he believes are the reason behind his success.

In Principles, Dalio shares what he’s learned over the course of his remarkable career. He argues that life, management, economics, and investing can all be systemized into rules and understood like machines. The book’s hundreds of practical lessons, which are built around his cornerstones of “radical truth” and “radical transparency,” include Dalio laying out the most effective ways for individuals and organizations to make decisions, approach challenges, and build strong teams.

He also describes the innovative tools the firm uses to bring an idea meritocracy to life, such as creating “baseball cards” for all employees that distill their strengths and weaknesses, and employing computerized decision-making systems to make believability-weighted decisions. While the book brims with novel ideas for organizations and institutions, Principles also offers a clear, straightforward approach to decision-making that Dalio believes anyone can apply, no matter what they’re seeking to achieve.

Here, from a man who has been called both “the Steve Jobs of investing” and “the philosopher king of the financial universe” (CIO magazine), is a rare opportunity to gain proven advice unlike anything you’ll find in the conventional business press.

Books Recommended By

Most Recommended Investing Books

Principles
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Against The Gods
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The Dao of Capital
Secrets of Sand Hill Road
The Black Swan
The Psychology of Money
When Genius Failed
The Intelligent Investor
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The Success Equation
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The Great Crash of 1929
Liar's Poker
The Warren Buffett Way
The Essays of Warren Buffett

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