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Principles

Life and Work
Autor: Ray Dalio
Sprecher: Ray Dalio, Jeremy Bobb
Spieldauer: 16 Std. und 5 Min.
4.5 out of 5 stars (558 Bewertungen)
Regulärer Preis: 30,95 €
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Inhaltsangabe

Ray Dalio, one of the world's most successful investors and entrepreneurs, shares the unconventional principles that he's developed, refined, and used over the past 40 years to create unique results in both life and business - and which any person or organization can adopt to help achieve their goals.

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 has 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.

PLEASE NOTE: When you purchase this title, the accompanying reference material will be available in your Library section along with the audio.

©2017 Ray Dalio (P)2017 Simon & Schuster Audio

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Zur kritischen Reflektion

Hat mir in einer schwierigen persönlichen Phase geholfen meine Entscheidungen zu hinterfragen und mich inspiriert mich eine Weile intensiv mit meinen Zielen, Wünschen, Stärken und natürlich auch Schwächen auseinander zu setzen.
Ray Dalio liest selber und ruft immer wieder dazu auf die Inhalte des Buches nicht ungefiltert zu kopieren, sondern seine eigenen Lösungen zu erarbeiten. Hierzu fühlt man sich durch die Strukturierung des Buches hervorragend motiviert. Denn die ist gerade präzise genug um zu wissen, wo man anfangen kann und vage genug, um sich sein eigenes Brot zu backen.
Auch wenn der Mann mir nach kurzer Recherche alles andere als sympatisch ist und vielleicht nicht ganz so sensibel wie er im Buch herüberkommt bin ich sehr dankbar für sein Buch, in das er offensichtlich viel Hingabe und Sorgfalt hat einfließen lassen.

17 von 18 Hörern fanden diese Rezension hilfreich

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    3 out of 5 stars
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Erwartungen nicht erfüllt

Ich war sehr gespannt auf die Lektüre, muss aber sagen das Recht enttäuscht bin. Die Methode und der Ansatz des Vertrauens stehen im klaren Widerspruch. Einige Ansätze sind jedoch auch hervorragend umzusetzen und habe ich für mich selbst auch adaptieren können.

Alles im allen hatte ich mir trotzdem mehr erhofft.

6 von 7 Hörern fanden diese Rezension hilfreich

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    5 out of 5 stars
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Unpassed knowledge is wasted

Picture having the opportunity to sit back, with a bourbon in hand, and be given a lifetime of knowledge on economics, finance, business management and morality from the wisest person you could hope to know. Regardless of whether you agree or disagree with all his conclusions, though it's hard to find many faults, you have to respect that they were drawn from trial and error, through the sharpest of lenses, time.

2 von 3 Hörern fanden diese Rezension hilfreich

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    5 out of 5 stars
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Outstanding in every aspect

Ich kann das Hörbuch nur jedem empfehlen.
Ray's Authenzität und Offenheit sind beeindruckend.
Es handelt sich um ein wertvolles, persönliches Statement ohne fishing for compliments.
Seine Ziele waren "meaningful work and meaningful relationsships", nicht Reichtum ("Money has no intrinsic value.It's value comes from what it can buy, and it can't buy everything.").
Ich finde seine Priciples hilfreicher als jedes Selbsthilfebuch und jeden Ratgeber oder was es sonst auf dem Markt gibt.
Sie sind für jeden Menschen geschrieben, der Klarheit über sich selbst und seine Ziele haben und etwas erreichen möchte.

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    4 out of 5 stars
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Always a pleasure to learn from successfull people

Ray Dalio's principles show the key principles of becoming successful. On first sight, you see plenty of principles -- almost a jungle of principles -- but you quickly recognize that the principles are correlated to each other and that actually everyone needs to find his own principles and Dalio's principles should help you to obtain them.

Based on the book I have understood the importance of being radically open-minded -- it helps you to see things differently and also to accept the review of new developments or circumstances or different opinions. Another key principle which everyone hopefully has already determined on his own is the "no pain, no gain" principle. We all need to push our limits in order to achieve our goals which obviously causes pain. What is, however, more crucial is to go to the pain rather than to avoid it. This is probably a principle which we are faced with each day. To understand first, what you actually want, and second, by reflecting all issues while being radically open-minded and third, by evolving through learning and developing through all problems, mistakes and challenges, helps everyone to achieve his/her relevant goals.

The book also shows that nobody is perfect. We all make mistakes and, yes, also Dalio did many of them as well. What is much more important -- a lesson which is valid for our life and work -- is to identify all problems and mistakes and under no circumstances to tolerate those but learn from any and all faults. To create a culture in which it is fine to make mistakes but unacceptable not to learn from them provides everyone with the ability to evolve over time. Obviously, this requires to be radically open-minded.

What I would have loved to read more is how Bridgewater developed over almost 40 years (unfortunately there is only one key chapter on this) and how Dalio actually came to his conclusions and principles in his business. The latter is sometimes mentioned but unfortunately not I relation to all principles. As an audio-book I did not like the shift from one reader to another – the speed and the mentality of each reader is different. In addition, principles are to some extent also subjective and should be always explained by those people who have set them up.

  • Gesamt
    4 out of 5 stars
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Good book for reflection and improvement

It's a good book to help to reflect and improve.
The amount of principles are too many to memorize, but they are good principles to live by.

  • Gesamt
    4 out of 5 stars
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Excellent for two-thirds

I’ve heard about Bridgewater Capital years ago in the news. Reported was that Founder Ray Dalio was surveilling his staff without respect for data privacy and had job applicants reveal their most private data through in a myriad of tests. This book gives you a completely different picture of Dalio, his company, and then so much more. Dalio does a great job of passing on his knowledge in this book making me feel appreciative of the life advice from one of the richest men in the USA. Principles led me to do my own personality test and has invoked in me a slew of goals I am to achieve in 2019. There are lots of great thoughts worth quoting in principles and I seriously wonder why Mr. Dalio is not one of the potential candidates for next presidential elections in the USA. I listened to the audio version of this book and it was very impressively read by Mr. Dalio himself the majority of the time. I’m not sure whether it was the content or the fact the last third of the book was read by someone else, but it got less interesting and more repetitive in this part of the book. I’m looking forward to check out the tools Dalio is providing online and will sure come back to the wisdom of this book in the future. One of my favorite quotes from the book, that I will try to follow in bringing up my son, is: ”Giving people the opportunity to struggle rather than giving them what they struggle for, will make them stronger.”

  • Gesamt
    5 out of 5 stars
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    4 out of 5 stars

Good story lacking a better structure...

I enjoyed the first part of the book thoroughly. With Ray Dalio himself reading his story, you can feel like you have the privilege of Dalio sitting with you in one room and telling you his past and his thinking. However, the second part felt like a never-ending enumeration of principles. The latter is probably better to read as a book rather than listening to. As to the overall structure of the book, I could imagine a better way of linking the two parts together as it is overall difficult to relate to the second part.

  • Gesamt
    4 out of 5 stars
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Great although a bit too theorical

Great book with great principles and advice.
the only problem is it's a boot too theoric.

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Life-changing

This book is in my eyes the best business book available, if you want to systemise your way of thinking, operating and building your company. I am sure it will also help me in the future and I will get back to it anytime I need to find clarity and define decision rules within my company. Ray‘s approach to operating is very unique and it will inspire you come up with your own way of operating. He is a great example, that proofs that unique approaches can be superior to common ways of doing things. I am very thankful for his work and wish him all the best.