Show notes | PDF & Infographic | Free audiobook | Ray Dalio overcame an economic abyss to become one of the wealthiest men in America. In Principles, he shares the secrets to his success.
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StoryShots Summary and Review of Principles: Life and Work by Ray Dalio
About Ray Dalio
Ray Dalio is the founder, co-chairman, and co-chief investment officer of Bridgewater Associates. He started Bridgewater out of his two-bedroom apartment in New York in 1975. It is now the world’s largest hedge fund. According to Fortune Magazine, the firm has grown into the US’s fifth most important private company. RayDalio’s net worth is currently just under 17 billion dollars. He also holds a Bachelor of Science degree in finance from CW Post College and an MBA from Harvard Business School.
Introduction
Ray Dalio overcame an economic abyss to become one of the wealthiest men in America. In Principles, he shares the secrets to his success. The key to developing your principles is becoming a hyper-realist. Becoming a hyper-realist will allow you to view failures as learning opportunities rather than personal attacks. Principles recommends you consider your mistakes as minuscule compared to the machine that is the world. Then, you will stop using mistakes as excuses for giving up on your goals.
StoryShot #1: Embrace the Call to Adventure
“The happiest people discover their own nature and match their life to it.” – Ray Dalio
StoryShot #2: Embrace Reality and Deal with It
StoryShot #3: Truth Is the Essential Foundation for Good Outcomes
StoryShot #4: Identify Your Successful Life
StoryShot #5: Follow the Five-Step Process
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