About the Author
Ray Dalio is a billionaire investor. He manages $140bn of assets under his hedge fund, Bridgewater Associates. Ray Dalio is famous for his innovative practices in the hedge fund industry such as risk management and currency overlay (managing portfolio risk by buying/selling forex future contracts. It is used in case of international holdings in the portfolio). Ray has been titled among one of the 100 most influential by Times Magazine, was among the 100 richest by Forbes and his fund, Bridgewater Associates, was titled fifth most important private US company by Forbes.
About the book
In this book, Ray has communicated the importance of having Principles in life. Principles means rules applicable to certain conditions. As per the book, Ray has been evaluating behaviors and actions since childhood of himself along with other successful people that he idolized. This helped him compare and introspect which decisions were best in a given situation. With years of hard work, he was even able to create an algorithm out of it, in order to help him make investment decisions.
He advises us to decide:
- What we want
- (In light of) What is true – reality check
- What should you do to achieve it
Buy the Book
By the end of the book, you would become a good decision maker. This not only would help in your investing journey but also in your career & personal life as well. We highly recommend you to read the entire book. (affiliate link)