A Conversation WIth Ray Dalio: Bloomberg TV

The principles are what make Bridgewater unique, and unusual. Ray Dalio has published his principles in a book, along with his life story, Principles: Life and Work Hardcover – September 19, 2017.

Evolution Is The Greatest Force In The Universe

In a recent podcast with Tim Ferriss, Episode #264: Ray Dalio, The Steve Jobs of Investing, Ray Dalio shared his fascination with evolution: 

"I am fascinated by evolution. I think evolution is the greatest force in the Universe and the purpose of everything is to evolve. We as individuals are just vessels for our DNA`s evolving."

3 Things Make Up For A Successful Life

I think three things make up for a successful life, by and large. 

First, you have to have audacious goals, big dreams. Then when you are headed toward those goals you are going to have problems, you are going to have to deal with reality. You have to deal with those problems in that reality, realistically. Learning from your mistake, writing down those principles.

That is the second part, dealing with reality in a practical way where you learn about mistakes.

And then the third is determination. Because if you are going for your goals and learning from mistakes and you are learning and doing that is determination, you get better all the time. You can't help but get better and if you do that for a long enough amount of time, you are going to far exceed your dreams.

VIdeo: Anthony Robbins Interviews Ray Dalio

Video: Anthony Robbins interviews Ray Dalio (September, 2017)

"I don't want people to follow my principles I want people to know whatever their principles are come up with theirs so I'm just trying to pass them along."

Radical Transparency and Algorithmic Decision-Making

Ray Dalio gave a presentation at the TED Talks in April 2017. Here is a small excerpt of that talk on radical transparency and algorithmic decision-making:

I've been doing this for a long time and I have found it to be wonderful. My objective has been to have meaningful work and meaningful relationships with the people I work with, and I've learned that I couldn't have that unless I had that radical transparency and that algorithmic decision-making. I want to show you why that is, I want to show you how it works. And I warn you that some of the things that I'm going to show you probably are a little bit shocking. - in TED Talks

Principles: Opening Lines

Principles: Life and Work Hardcover – September 19, 2017 
Hardcover: 592 pages

“Significant...The book is both instructive and surprisingly moving.” —The New York Times

 “I found it to be truly extraordinary. Every page is full of so many principles of distinction and insights—and I love how Ray incorporates his history and his life in such an elegant way.” —Tony Robbins

Psychology Is A Big Deal In The Markets

"Psychology is a big deal in the markets." - Ray Dalio in the Tim Ferriss Show

Trades Will Always Go Against You

"Trades will always go against you. It's not like you buy some thing and from that point forward it goes up." - in a recent podcast interview

How to build a company where the best ideas win | Ray Dalio

What if you knew what your coworkers really thought about you and what they were really like? Ray Dalio makes the business case for using radical transparency and algorithmic decision-making to create an idea meritocracy where people can speak up and say what they really think -- even calling out the boss is fair game. Learn more about how these strategies helped Dalio create one of the world's most successful hedge funds and how you might harness the power of data-driven group decision-making.

“Pain plus reflection equals progress.” – Ray Dalio

"Ask yourself whether you have earned the right to have an opinion." - Ray Dalio