Introduction

Part 1 My Life's Journey

1.
The Decision to Adventure: 1949-1967
2.
Beyond the Limits: 1967-1979
3.
The Abyss of Life: 1979-1982
4.
The Road of Trials: 1983-1994
5.
Best Gifts: 1995-2010
6.
Reward for Benefits: 2011-2015
7.
Final Year and Greatest Challenge: 2016-2017
8.
Looking back from a high level

Part 2: Principles of Life

1.
Accept reality and respond to it.
2.
Use the 5-step process to get what you want in life.
3.
Be extremely open-minded
4.
Understand that people's brains work differently.
5.
Learn how to make decisions effectively
Principles of Life: A Comprehensive Guide
Summary and Table of Contents of the Principles of Life

Part 3: Principles of Work
Summary and Table of Contents of the Principles of Work

How to Create the Right Culture

1.
Believe in extreme truth and extreme transparency.
2.
Build meaningful work and meaningful relationships
3.
Create a culture where mistakes are tolerated, but failure to learn from them is unacceptable.
4.
Achieve and maintain harmony
5.
Trust influences decisions
6.
Learn how to overcome differences of opinion.
How to Find the Right Talent
7.
Remember that who you are is more important than what you are.
8.
Hire the right people, because the cost of a bad hire is high.
9.
Constantly educate, test, evaluate, and classify people.

Build and develop your organization

10.
To achieve your goals, manage your organization like a machine.
11.
Identify the problem and don't tolerate it
12.
Diagnose the problem to find the root cause
13.
Design ways to improve the system to solve the problem.
14.
Do what you planned
15.
Use tools and rules to establish how you work.
16.
Don't overlook the governance structure
The Principles of Work: A Comprehensive Summary

Concluding remarks
Appendix: Tools and Rules for Bridgewater's Idea Performance Management
References

What principles has the greatest investor and entrepreneur of our time adhered to? Ray Dalio, one of the greatest investors and entrepreneurs of our time, is particularly renowned because he lives his life, manages his company, and predicts and invests the economy based on his established principles.
His first book, Principles, which contains his principles, was published in the United States in September 2017, and immediately sold 350,000 copies in paperback, becoming the #1 New York Times bestseller and being selected as Amazon's Best Business & Leadership title of the year.
It has been an Amazon bestseller since its publication and has been licensed for distribution worldwide.
After the translated book was published in China, it rose to the top of the bestseller list, selling 1 million copies, and sparking a Ray Dalio craze in mainland China.
Ray Dalio, an investor with a keen eye for life as well as investment, is so well-versed in economic trends that he is called an "economist." He is famous for being asked by various media outlets to comment on various economic issues that arise overseas.
He is also an investor whom the world's media is eager to solicit for his opinion on the economic outlook.
To explain to ordinary investors the actual economic trends that cannot be explained by traditional economics, he created a video titled "How the Economics Machine Works" and uploaded it to YouTube, which became very popular, reaching 500,000 views in just 40 days.
He says he was always an ordinary kid, a student so ordinary that he didn't even have much of a presence.
What was the background that led him, a man who disliked schoolwork and was weak at simple memorization, to become such a great investor? Bridgewater, the world's most innovative and principled company, has been recognized as one of the world's most innovative companies in recent years.
Ray Dalio is known for sticking to his principles above all else when running a company, and Bridgewater's unique organizational culture is also based on Dalio's personal beliefs.
Since 2005, Ray Dalio has distributed a handwritten guidebook titled "Principles" to his employees and required them to read it.
This article provides an in-depth look at the values ​​Bridgewater Associates pursues as a group and as individuals.
One of the key principles is transparency; for example, Bridgewater records all meetings and work-related conversations.
A recording system was established so that anyone can later review and listen to the content and learn from an objective perspective.
Ray Dalio's unique 212 principles, discovered while running his company, have become required reading not only for all Bridgewater employees, but also for investors and entrepreneurs around the world.
With these principles in place, Bridgewater now manages $160 billion in assets and has become the world's largest hedge fund, serving more than 350 institutional investors, including pension funds and university endowments.
Additionally, over the past 40 years, Bridgewater has generated more returns for investors than any other hedge fund in history.
According to Bloomberg, Bridgewater generated nearly $50 billion in revenue through 2017, more than any other hedge fund firm in history.
And as Ray Dalio approaches retirement, he's decided to share with the general public the principles that have led Waterbridge to become one of the world's best companies for over 40 years.
Here's why Ray Dalio compiled his 212 principles to help you deal with almost any situation .
What he wanted more than anything was meaningful work and relationships.
'Meaningful work' is something people are passionate about and excited about.
A 'meaningful relationship' means a relationship where people genuinely care for and cherish each other.
The more we cared for each other, the stronger our bond became, and the stronger our bond became, the better our performance became, and the greater the rewards we shared.
This virtuous cycle resulted in ‘self-reinforcing.’
Everyone at Bridgewater agreed that absolute truth and transparency were essential to creating this virtuous cycle.
But that also hurt some people's feelings.
People who didn't know Ray Dalio well were offended by his directness.
It is said that at that time he realized how important it was for people to clearly understand the principles by which they should treat each other.
Ray Dalio began decades of work putting his principles into writing.
As the situation changed slightly and occurred repeatedly, the principles were continually refined.
Although the beginning was small, the principles grew over time.
Around the mid-2000s, Bridgewater began to grow rapidly, and many new managers were hired who were eager to learn and adapt to Bridgewater's unique culture.
The number of employees seeking advice has also increased.
So in 2006, I prepared a list of about 60 business principles and distributed them to Bridgewater managers.
Over time, Ray Dalio has encountered almost every situation that can arise in running a business.
So we've developed hundreds of principles to help you deal with all these situations.
After that, the collection of business principles is said to have served as a kind of 'decision-making library', like a collection of investment principles.
A management philosophy that was meant to be kept secret becomes a global bestseller. Ray Dalio's life philosophy and investment concepts were compiled into a 111-page document titled "Principles," which became required reading for all employees and a document symbolizing Bridgewater's corporate culture.
Until recently, Dalio had tried to keep most of his corporate systems secret.
But as retirement approached, he decided to share his unique management style.
In September 2017, Ray Dalio published Principles: Life and Work.
This book immediately rose to the top of the New York Times bestseller list upon its publication, and even before its publication, its rights were sold to countries around the world, including China, Germany, Italy, France, and Spain, signaling its potential to become a global bestseller.
Ray Dalio said this in an interview when he visited China.
“I think there are three stages in life.
The first stage is the student stage.
It is a stage where you have to constantly learn and rely on others.
The second stage is the working stage.
This is a stage where others are counting on you and at the same time you are trying your best to succeed.
The third stage is the stage where you no longer expect great success.
“I have already surpassed this stage, so it is my joy to help others succeed.” Praise from the press and celebrities who have read 『Principles』 One of the few philosophical investors known not only for his talent for making money, but also for his clear vision for life.
- The Wall Street Journal Ray Dalio has long been a fascinating figure.
His new book, Principles, is informative and surprisingly useful.
-The New York Times If there was an "it" book for business or careers in 2017, it would be Ray Dalio's Principles.
This book is not just for the power elite.
Ray Dalio's very specific game plan focuses on "radical" transparency and truth, and can be applied to everyone from powerful CEOs to executives trying to climb the corporate ladder, to grumbling employees and newcomers.
?Chicago Tribune Ray Dalio gave me valuable guidance and insights that are applicable today.
Bill Gates I really like this book.
This book is well written and full of wisdom.
-Ariana Huffington This book is truly special.
Every page is filled with principles of excellence and insight, and I love how Ray Dalio has so elegantly captured his history and life.
? Tony Robinson Ray Dalio's market acumen is legendary, but he lived by the principles that made him the best.
Anyone with goals and dreams can learn from Ray Dalio's approach.
- Michael Bloomberg I highly recommend this book.
This book has already changed the way I make decisions in my life and my business.
? Tim Ferriss: Ray Dalio captures our attention not only because of his track record, but also because of the way he makes his money and the rigorous analysis he applies to markets, organizations, the economy, and life.
? Fortune