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
Accidental Presidents

Accidental Presidents

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The Serengeti Rules

The Serengeti Rules

Sean B. Carroll

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Learn or Die

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The Meaning of Human Existence

The Meaning of Human Existence

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The Gift of Adversity

The Gift of Adversity

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From Bacteria to Bach and Back

From Bacteria to Bach and Back

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Steve Jobs

Steve Jobs

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Discovering Your Personality Type

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In Over Our Heads

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Who's In Charge

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A Whole New Mind

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The Rise and Fall of the Great Powers

The Rise and Fall of the Great Powers

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Einstein's Mistakes

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My Stroke of Insight

My Stroke of Insight

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Super Mind

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Creativity and the Brain

Creativity and the Brain

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The Undoing Project

The Undoing Project

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Beyond Religion

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A Magic Web

A Magic Web

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The Upside of Inequality

The Upside of Inequality

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An Unquiet Mind

An Unquiet Mind

Kay Jamison

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Changing Minds

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Why We Believe in God(s)

Why We Believe in God(s)

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Leadership the Outward Bound Way

Leadership the Outward Bound Way

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The Evolving Self

The Evolving Self

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Einstein: His Life and Universe

Einstein: His Life and Universe

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This book was on Sam Altman's bookshelf.

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

Sapiens

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]"

Subliminal

Subliminal

Leonard Mlodinow

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The Role of the Individual in History

The Role of the Individual in History

Georgi Plekhanov

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An Everyone Culture

An Everyone Culture

Robert Kegan

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You

You

Michael Lombardo

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Welcome to Your Brain

Welcome to Your Brain

Sandra Aamodt

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Who Am I

Who Am I

Steven Reiss

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Principles

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.

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