Then he goes on and on and on and on to repeat hundreds of times that you should be radically open minded, and that you should be aware of the two halves of your brain - because, you know, this is all based on science, bro! There is one chapter that is really good where I underlined almost everything, but that's just about three pages long. Then comes the interesting part of the book, where he is supposed to lay out his principles. The first half of the book is Dalio bragging about his achievements, but trying to stay humble while doing it. If you can’t do these things, you should reflect on why that is, because you probably have discovered one of your greatest impediments to getting what you want out of life. If you do these things, I believe that you will get a lot out of this book. I am going to ask only two things of you-1) that you be open-minded and 2) that you honestly answer some questions about what you want, what is true and what you want to do about it.
I want you to do that in a clear-headed thoughtful way, so that you get what you want. It’s only about 55 pages of a normal size book.Ībove all else, I want you to think for yourself-to decide 1) what you want, 2) what is true and 3) what to do about it.
If you are looking to get the most bang for your buck (i.e., understanding for the effort), I suggest that you read Parts 1 and 2, and the beginning of Part 3 (through the Summary and Table of Principles) which will give you nearly the whole picture. One day I’d like to write a Part 4 on my investment principles. Since my management principles are simply my most fundamental life principles applied to management, reading Part 2 will help you to better understand Part 3, but it’s not required-you can go directly to Part 3 to see what my management principles are and how Bridgewater has been run. Part 3, explains my management principles as they are being lived out at Bridgewater. Part 2 explains my most fundamental life principles that apply to everything I do. Part 1 is about the purpose and importance of having principles in general, having nothing to do with mine. Abstract: What follows are three distinct parts that can be read either independently or as a connected whole.
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