“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:
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:
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