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標題: 投界的賈伯斯: Ray Dalio的最新力作 [打印本頁]

作者: sec2100    時間: 2017-9-23 14:21
標題: 投界的賈伯斯: Ray Dalio的最新力作
本帖最後由 sec2100 於 2017-9-23 14:34 編輯


https://www.amazon.com/Principle ... Dalio/dp/1501124021

關於Ray Dalio:

https://www.principles.com/


作者: sec2100    時間: 2017-9-23 14:31
本帖最後由 sec2100 於 2017-9-23 14:34 編輯

紐約時報最新書評:

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


關資RD:

Ray Dalio, one of the world’s most successful investors and entrepreneurs, shares the unconventional principles that he’s developed, refined, and used over the past forty years to create unique results in both life and business—and which any person or organization can adopt to help achieve their goals.

In 1975, Ray Dalio founded an investment firm, Bridgewater Associates, out of his two-bedroom apartment in New York City. Forty years later, Bridgewater has made more money for its clients than any other hedge fund in history and grown into the fifth most important private company in the United States, according to Fortune magazine. Dalio himself has been named to Time magazine’s list of the 100 most influential people in the world. Along the way, Dalio discovered a set of unique principles that have led to Bridgewater’s exceptionally effective culture, which he describes as “an idea meritocracy that strives to achieve meaningful work and meaningful relationships through radical transparency.” It is these principles, and not anything special about Dalio—who grew up an ordinary kid in a middle-class Long Island neighborhood—that he believes are the reason behind his success.

In Principles, Dalio shares what he’s learned over the course of his remarkable career. He argues that life, management, economics, and investing can all be systemized into rules and understood like machines. The book’s hundreds of practical lessons, which are built around his cornerstones of “radical truth” and “radical transparency,” include Dalio laying out the most effective ways for individuals and organizations to make decisions, approach challenges, and build strong teams. He also describes the innovative tools the firm uses to bring an idea meritocracy to life, such as creating “baseball cards” for all employees that distill their strengths and weaknesses, and employing computerized decision-making systems to make believability-weighted decisions. While the book brims with novel ideas for organizations and institutions, Principles also offers a clear, straightforward approach to decision-making that Dalio believes anyone can apply, no matter what they’re seeking to achieve.

Here, from a man who has been called both “the Steve Jobs of investing” and “the philosopher king of the financial universe” (CIO magazine), is a rare opportunity to gain proven advice unlike anything you’ll find in the conventional business press.

作者: sec2100    時間: 2017-9-24 09:03
這本書的一些內容:

https://benperove.com/wp-content/uploads/2014/12/principles.pdf
作者: sec2100    時間: 2017-9-24 09:06
他對紀律的看法是: 最好發展出自己能夠做到的那一套。

Sometimes we forge our own principles and sometimes we accept others’ principles, or holistic
packages of principles, such as religion and legal systems. While it isn’t necessarily a bad thing to
use others’ principles—it’s difficult to come up with your own, and often much wisdom has gone
into those already created—adopting pre-packaged principles without much thought
exposes you to the risk of inconsistency with your true values. Holding incompatible
principles can lead to conflict between values and actions—like the hypocrite who has claims to
be of a religion yet behaves counter to its teachings. Your principles need to reflect values you
really believe in.
作者: sec2100    時間: 2017-9-24 09:34
該作者也推行超覺靜坐:

維基百科
https://en.wikipedia.org/wiki/Transcendental_Meditation

台灣官網
http://www.tm.org.tw/
作者: sec2100    時間: 2017-12-11 12:00
https://www.elitetrader.com/et/t ... lationships.315812/


以上連結為elitetrader.com論壇中,關於ray dalio最新受訪。有網友分享受訪精要如下:


1) pain + reflection = growth

2) people like radical honesty intellectually but not in reality. It takes about 18 months to acclimate to radical honesty.

3) you can make right analysis and end up with the wrong outcome eg 1982

4) working groups should comprise of different personalities for a balanced outcome

5) no one bet should be large enough to destroy you and be hedged

6) introduce technology into your analytics

7) heroes go for unattainable goals. Hero is an ordinary person who has achieved the extraordinary. Heroes have "GRIT".

8) read "The Hero with a Thousand Faces" by Joseph Campbell

https://en.wikipedia.org/wiki/The_Hero_with_a_Thousand_Faces

9) 3 phases in peoples lives 1) you're dependent on others IE learning 2) you're working and others are dependent on you 3) pass the boon.

10) successful life = dreams + embracing reality + determination



作者: sec2100    時間: 2017-12-12 07:33
8:00:
meaningful work and meaningful relationships.
作者: sec2100    時間: 2017-12-12 07:34
10:00:
radically truthful and radically transparent
作者: sec2100    時間: 2017-12-12 07:36
本帖最後由 sec2100 於 2017-12-12 07:37 編輯

11:00

mistakes/failfures (treated as puzzles) +quality reflection (writing down principles)=progress/change your life

painful mistakes
作者: sec2100    時間: 2017-12-12 07:38
failure means success (by learning from failure)
作者: sec2100    時間: 2017-12-12 07:41
independent thinkers
作者: sec2100    時間: 2017-12-12 07:45
honest thought on the table, the art of thoughtful disagreement, have the protocol for getting around (to be fair)
作者: sec2100    時間: 2017-12-12 07:47
thinking spectrum. everybody sees things differently
作者: sec2100    時間: 2017-12-12 07:51
knowing the weakness is the key to success.

understand the reality. don't feel sorry to reality
作者: sec2100    時間: 2017-12-12 07:54
how do i know i am right and give me humanility

emotional attachment to wrong opinion. ego barrier is terrible.
作者: sec2100    時間: 2017-12-12 07:55
make better decisions by collecting people thinking differently and raise the probability to be right. change the ratio of risk to reward.  (holy grail)
作者: sec2100    時間: 2017-12-12 07:56
1982 oct painful experience (related to peso devaluation)
作者: sec2100    時間: 2017-12-12 07:57
making meetings more collective
作者: sec2100    時間: 2017-12-12 08:00
本帖最後由 sec2100 於 2017-12-12 08:01 編輯

put more weight on those persons who have higher probability of making a good decision.

(belief*ability-weighted of  decision making )
作者: sec2100    時間: 2017-12-12 08:01
ego free of making decisions
作者: sec2100    時間: 2017-12-12 08:02
life is bets
作者: sec2100    時間: 2017-12-12 09:25
2008 going to be 1982 again?
作者: sec2100    時間: 2017-12-12 09:29
risk parity, all weather portfolio
作者: sec2100    時間: 2017-12-12 09:38
i love nature. different people have different passions
作者: sec2100    時間: 2017-12-12 09:39
ocean exploration
作者: sec2100    時間: 2017-12-12 09:40
disengage, disconnect for his wife 慈善
作者: sec2100    時間: 2017-12-12 09:43
i have to learn myself from my experiences
作者: sec2100    時間: 2017-12-12 09:46
know your nature, know your pool, follow your passion.

dreams+embracing reality+determination=success
作者: William    時間: 2017-12-12 10:53
本帖最後由 William 於 2017-12-12 11:12 編輯
sec2100 發表於 2017-9-24 09:06
他對紀律的看法是: 最好發展出自己能夠做到的那一套。

Sometimes we forge our own principles and someti ...

同意劉大的見解,一粒米養百樣人,我自己需要發展適合自己的紀律,並且隨時調整。DR說他的紀律是賺來,換言之,是總結經驗的結晶。但是,歷史永遠是血淚寫成的。
我的年紀隨時間飛逝而成長,有了家人,朋友有時密切,有時遠去。因此,現在的心境與肉體不同於以往,也不用於未來。然而,調整不能作為破壞紀律的藉口。哇!!!又要調整,又不能破壞紀律;有時需要破壞舊紀律,在創新紀律。很難喔!!!
大清王朝多數人守著祖宗傳統,若無革命還來抵禦列強。大英王朝隨著國內國外情勢壓力,隨時調整其制度,所以英國王室依然活耀。
所以,紀律即藝術。
還有川普總統以前的美國,除地理隔離兩塊古老文明大陸外優勢,人文面顯示海納百川,有容乃大;如同歷史各大王朝創立者。川普總統制是實踐美國多數白人的想法,如同歷史各大王朝繼承者,出生在繁榮的美國,成長在獨霸世界的美國,然而,其他地區快速發展後,與美國人做朋友,平起平坐,美國就學著明、清兩朝鎖國政策。
日本呢?

作者: sec2100    時間: 2017-12-12 12:13
本帖最後由 sec2100 於 2017-12-12 12:15 編輯

RD確實是一位紀律追尋者、財務工程創新者、誠實的人、他會打造容許不同意見的決策團隊,也相信AI,而且他還蠻低調的,也是一位慈善家。

他在受訪時推薦了一位中國領導人,也推薦了一本美國家喻戶曉的書(我不是美國人,所以我今天才聽過這本書),叫hero with 1000 faces。
https://www.goodreads.com/book/s ... th_a_Thousand_Faces

作者: brad    時間: 2019-4-12 23:28
RD的書真的很讚,邏輯很強的一個人,歷經破產經驗後也很謙虛就是了。他最近的大債務危機一書還有提供免費pdf下載,裡面也寫得很詳盡




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