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Principles by Ray Dalio

Conclusion

The purpose of the book is dual:

 

1. Make the reader understand the concepts of investing in the financial markets. Some of the major concepts discussed were

  • How to hedge risk
  • Building a diversified portfolio
  • Trading
  • Investing for long term

2. The second part discusses the life and work principles

  • Life principles are dedicated to employees who are in the early stage of their careers. Having well defined principles will help them stay on the right path and succeed.
  • Work principles are for the managerial level. These help them build, maintain and improve the organization.

Going through Ray Dalio’s book, Principles, gives readers a comprehensive checklist that can help them in each and every stage of their life.

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Units 13/13