10.19.2017

3 Recommended Books

In a recent podcast Tim Ferriss asked Dalio which books he would recommend to any new college graduate, and Dalio responded with three titles he thinks everyone should read: 

"The Lessons of History" by Will and Ariel Durant












"River Out of Eden" by Richard Dawkins












"The Hero with a Thousand Faces" by Joseph Campbell

10.17.2017

Meaningful Work and Meaningful Relationships

One sentence that I try to describe Bridgewater by it's "meaningful work and meaningful relationships". 

What I want is meaningful work and meaningful relationships through radical truth and radical transparency. So, meaningful work means we're in a mission together, we're excited about we do and we want to do it excellently. That's meaningful work.

Meaningful relationships are these relationships in where there's honesty, where you can argue things through but you always know that there's honesty and that there's mutual caring for each other.

Radical truth means that knowing what is true to be able to deal with reality whether you like the reality or not but to know what reality is.

10.16.2017

How The Economic Machine Works




The economy works like a simple machine. But many people don't understand it — or they don't agree on how it works — and this has led to a lot of needless economic suffering. I feel a deep sense of responsibility to share my simple but practical economic template. Though it's unconventional, it has helped me to anticipate and sidestep the global financial crisis, and has worked well for me for over 30 years.