Review: Principles: Life and Work

Principles: Life and Work by Ray Dalio
My rating: 3 of 5 stars

First of all to edify Ray Dalio and who he is - Ray started his company out of his 2 bedroom apartment and built it to: 5th most important private company (Fortune), 1 of the 100 richest people in the world (Forbes), and one of the 100 most influential (Time)

I learned some "principles" in this book but I didn't get as much as I was hoping for. There are some very good concrete principles but there is so much repetition I started losing my mind lol if he says "Idea Meritocracy" one more time!!! I'm gonna lose it lol

I like how Dalio was interested in psychology and neuroscience to enhance the morale and productivity of his employee's, he was always striving for excellence in every department.

I liked the chapter on Decision Making, I think that it's a good re-read chapter"

My big take away's:
- Run your company as an idea meritocracy.
- Be open minded.
- Work together.
- Hire the right people and when they're not right or just don't fit anymore move on.
- When you make a mistake write it down, create a better system for next time, learn from it.
- If you automate decision making and assure yourself of your values it free's up brain power for other things.
- If you can create computer algorithms to research and decide things for you, the past repeats itself.
- It’s very important to understand where people are coming from, and put yourself in their shoes, and understand that everyone needs to be treated differently because everyone is different.

View all my reviews