Ray Dalio’s Principles is available on Audible as a 16 hrs 5 mins unabridged audiobook, narrated by Ray Dalio and Jeremy Bobb.
Publisher’s Summary
An Avid Reader Press book. Simon & Schuster has a great book for every reader.
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.
Audiobook Details
- Narrated by: Ray Dalio and Jeremy Bobb
- Length: 16 hrs 5 mins
- Publisher: Simon & Schuster Audio
- Release year: 2017
- Audible category: Business & Careers / Management & Leadership / Leadership
Listener Ratings
Principles holds an average listener rating of 4.6/5 from 19266 Audible ratings.
On Audible, ratings for this title break down into narration performance and story separately:
- Performance (narration): 4.6/5
- Story: 4.5/5
- 5-star ratings: 72% of all ratings
What Audible Listeners Are Saying
5/5 stars — “The Management/CEO’s Handbook”
Having fewer reports (zero), than the author, this book – while very interesting, insightful and practical – comes across as directed towards folks way above my pay grade. CEOs and VPs in particular. Still, as a small cog in a very big wheel, I recommend it for both perspective on what good management looks like, and for straight-up honorable principles to live by.— James Adams, Audible listener
4/5 stars — “Insightful but repetitive”
I listened to the entire book to understand the context of the principles. However that led me to become easily bored by the constant repetition of the words "idea maritocracy" and "radical honesty". I would suggest skipping to the second portion of the book when the author explains the life and work principles.— Bell, Audible listener
4/5 stars — “Not his best…”
I think that Ray Dalio is brilliant and I follow many of his investment principles, this book simply does not apply to me. Perhaps it is more suited for the business reader. Does not really focus on investing. Waiting for his next book.— Dr. Mom, Audible listener
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