Principles

BOOK SUMMARIES

Innovation & Management

Principles

How did Ray Dalio, the child of an ordinary medium-class family create the world’s largest, and most successful hedge fund, currently managing over $150 billion USD? In a word: principles.

Ray Dalio created a set of principles for personal and professional life that serves as an operating system for living based on radical honesty and radical transparency thriving within an idea meritocracy. An idea meritocracy is "a system that brings together smart, independent thinkers and has them productively disagree...