Principles Book Cover


Create Your Own Principles to Get the Work and Life You Want
Book by: Ray Dalio
Publishing Year: 2022
Reading time: Key takeways: Quotes:

What’s inside

Principles: Life and Work is a business genre book written by author Ray Dalio. Dalio, one of the most successful businessmen in the world, highlights and refers to all the important principles one should follow to achieve success. To lead a successful team or to build a huge company, following a standard core set of principles is crucial. In the book, Ray outlines some of the important points that should be applied by investors and business persons, to stay on the right track. By applying the principles mentioned, one can improve in decision making and adapt to new circumstances easily.

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Lesson 1. Introduction.


In the book, the author Ray Dalio mainly divides the principles into two broad categories. The categories are referred to as work and life. He believes that success in life and work is possible for anyone if they follow the set of principles mentioned. The book essentially acts as a thorough guide about decision-making. It makes one understand that the quality of your life is dependent on the quality of your decisions.

The book also offers a close-up view of the principles Ray used in operating his company, Bridgewater. Although Ray offers his list of principles, he doesn’t expect the readers to adopt every one of them. In fact, he wants every reader to thoughtfully choose which, if any, principles to adopt for themselves. He also wants people to discover their principles and write them down, thereby improving their decisions and lives.

Life principles help in making logical decisions while maintaining a radical open-mind. Facing personal weaknesses and moving on from failures can be hard. But, it is the first and foremost step to take, says Ray. He believes that the 5-step process mentioned in the book can be used to attain success in life and work. Guided by these principles for maintaining radical open-mindedness, anyone can find success in life and work.



Lesson 2. Embrace your Reality.


The most principle to follow to achieve anything, irrespective of the field, is embracing our reality. Yes, life is hard. Get over it. Reality is not all sunshine and rainbows. It isn’t pretty. It is tough and hard. Learn to deal with it. When situations become difficult, rather than turning a blind eye towards them, it is important to face them. Focus on your weakness as much as you do on your strengths. 

To embrace your reality, observe all the things around you. Focus on the nature of things in general. Try to work on making things better around you. Don’t practice the attitude of complaining about things that aren’t in your control. Accept the fact that life isn’t handed to you with a silver spoon. Keep a realistic check on your life. Focus on rational thinking, not emotions. You have to make it work and you have to reap the benefit. 

Nearly anything is possible in life, but you can’t have it all. Don’t fool yourself into thinking that life cannot be messy at times. Remember that things can’t go right all the time. So, you need to be willing to learn from the mistakes. Keep a check on your progress from time to time. Remember that everyone has dreams. But,

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About the author

Ray Dalio Image

Ray Dalio is the founder and co-chairman of Bridgewater Associates, which, over the last forty years, has become the largest and best performing hedge fund in the world. Dalio has appeared on the Time 100 list of the most influential people in the world as ...

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Principles Book Cover
Chapter List
  • Lesson 1. Introduction.
  • Lesson 2. Embrace your Reality.
  • Lesson 3. The 5-Step Process.
  • Lesson 4. Importance of Truth and Transparency.
  • Lesson 5. Be radically open-minded.
  • Lesson 6. Everyone has their strengths and weaknesses. 
  • Lesson 7. Make your decisions effectively.
  • Lesson 8. Conclusion.
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In the summary of Principles book, there are 8 key lessons. These lessons include:

  1. Lesson 1. Introduction.
  2. Lesson 2. Embrace your Reality.
  3. Lesson 3. The 5-Step Process.
  4. Lesson 4. Importance of Truth and Transparency.
  5. Lesson 5. Be radically open-minded.
  6. Lesson 6. Everyone has their strengths and weaknesses. 
  7. Lesson 7. Make your decisions effectively.
  8. Lesson 8. Conclusion.

Principles by Ray Dalio was published in 2022.

Once you've completed Principles book, We suggest reading out Getting Things Done as a great follow-up read.

Yes, the book Principles is really good to read. 75 people have searched for the book summary on the Wizdom platform. The book summary has a rating of 0.0, 0 on our platform.

In the printed version of Principles book have over 300 pages and usually takes 8-10 days to finish. However, with the Wizdom app, including its summary and audiobook, it can be completed in just 15 minutes.

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