Principles Life and Work by Ray Dalio: Summary & Mind Map

Book Worm • 29 March 2018

One Sentence Summary

  • Ray Dalio created a set of principles for personal and professional life that serves as an operating system for living based on radical honesty and radical transparency thriving within an idea meritocracy.

 

Best Quotes

“Rather than thinking, ´I´m right´. I started to ask myself, ´How do I know I´m right? ´”

“If you’re not failing, you’re not pushing your limits, and if you’re not pushing your limits, you’re not maximizing your potential.”

“I just want to be right—I don’t care if the right answer comes from me.”

 

Key Takeaways

  • Since you are part of the universe, you too must evolve. You have to continually push yourself to new levels of growth and achievement day by day.

  • Write down every kind of encounter you have and how you have, and should, handle it. Update these are you get more data and stress-test your assumptions.

  • By ignoring your weaknesses and mistakes, you are handicapping yourself in achieving your goals.

  • You are both a worker and a designer of the machine. You need to alter your machine to produce better outcomes.

 

About author

  • Ray Dalio (born August 1, 1949) is an American billionaire investor, hedge fund manager and philanthropist. Dalio is the founder of investment firm Bridgewater Associates, one of the world´s largest hedge funds.

 

Principles Life and Work by Ray Dalio: Summary & Mind Map
Principles Life and Work by Ray Dalio: Summary & Mind Map

 

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