Principles: Life and Work by Ray Dalio [Book Summary Slides] Download Summary in PDF here: https://www.bookcademy.com/summaries/principles-life-and-work.pdf A summary made by: Bookcademy.com A book by: Ray Dalio Enroll in the course based on this book here: https://www.bookcademy.com/catalog/courses/principles-life-and-work

1. LIFE AND WORK
PRINCIPLES
A book by Ray Dalio

2. INTRO
NO MATTER OUR LIFE SITUATION
THESE DECISIONS
HAVING GUIDING PRINCIPLES
We all face problems which require a
decision to be made
May be made in a split second or take
weeks worth of deliberating
For making decisions eliminates much of
the unnecessary stress and confusion
caused by these choices

3. PART #
1
IN PRINCIPLES, RAY DALIO
BEGINS IN PART ONE BY
REFLECTING ON HIS EARLY DAYS
IN LIFE AND HOW HE GOT
STARTED ON HIS PATH TO
SUCCESS.

4. FINANCIAL
INDUSTRY
Through his career in the financial industry,
beginning with making trades as a young
man and eventually creating Bridgewater
Associates, the world’s largest hedge fund in
assets under management.
DALIO GUIDES READERS
Year 1 Year 2 Year 3 Year 4
4,000,000
3,000,000
2,000,000
1,000,000
0

5. DECISIONS
HIS SUCCESS
Throughout his time at Bridgewater,
Dalio realized that decisions can be
better made when there are a number
of set principles to follow on varying
subjects.
Principles is not only Dalio’s reflection
on his life and what led to his successes
(and failures), but also spells out the
principles he uses both in his personal
and professional life.
RAY DALIO

6. PART #
2
THESE PRINCIPLES ALLOW US TO LOOK
AT LIFE NOT AS AN UNCRACKABLE
CODE, BUT RATHER AS A SOMEWHAT
PREDICTABLE SERIES OF EVENTS
WHICH WE REPEATEDLY FACE AND
HAVE PREVIOUSLY NAVIGATED
TOWARDS A DECISION.

7. PRIMARY POINTS
One of Dalio’s primary points throughout
Part II, and the book as a whole, concerns
a person’s duty to be open-minded.
IF WE ARE CLOSED OFF
If we are closed off to others and their
opinions, we not only will be alone in the
world, but we will also miss learning
valuable information which others could
teach us.
ANOTHER PIECE
Another piece in Part II addresses people
as a whole. People, according to Dalio, are
all different from each other, but this is
something that we should value.
OUR NEED TO BE OPEN-
MINDED
In addition to our need to be open-
minded, Dalio stresses our need to accept
things for what they are, but also lays out
for readers his own series of five steps to
achieve our goals we set for ourselves.

8. OTHERS MAY
POSSESS QUALITIES
OTHERS MAY POSSESS QUALITIES
DIFFERENT FROM US WHICH COMPLIMENT
US AND CAN CREATE BETTER
ORGANIZATIONS AND A BETTER LIFE.

9. PART #
3
WORK PRINCIPLES ADDRESSES THE
APPLICATIONS OF DALIO’S PRINCIPLES
OUTLINE TO A PERSON’S WORK, AND
HOW ONE CAN BENEFIT IN THEIR WORK
LIFE FROM USING SUCH PRINCIPLES.

10. ORGANIZATIONS AS
A TYPE OF MACHINE
THIS FINAL SECTION OF PRINCIPLES
STRESSES THAT READERS VIEW THEIR
PROFESSIONAL ORGANIZATIONS AS A TYPE
OF MACHINE, AND THAT PROBLEMS BE
BROUGHT TO ATTENTION THROUGH A
SYSTEM OF WHAT DALIO CALLS “RADICAL
TRUTH AND RADICAL TRANSPARENCY.”

11. COMPANY’S MISSION
He goes on to emphasize the
importance of all employees’ belief in
the company’s mission, and that workers
should be in an environment where
sincere work and relationships are
valued.
HOW TO PROPERLY
SELECT PEOPLE
Dalio continues to lay out his principles
on how to properly select people who
will fit with the organization, and
explains his belief that having the right
people working for an organization is
more important than the actual work
itself.
A SYSTEM OF TRAINING
Although somewhat harsh, Dalio
suggests using a system of training and
testing all employees to ensure their
proper placement in the organization
BUILD AND EVOLVE YOUR
MACHINE.
Wrapping up his section on Work
Principles, Dalio illustrates his principles
concerning how to “Build and Evolve
Your Machine.”

12. SELECT WHICH
PRINCIPLES FIT
WELL
While these are the principles used by
Bridgewater Associates, Dalio reminds
readers that they are able to select which
principles fit well with their organization and
modify others in order to best run their
organization.

13. By following the outline of principles throughout this
book and by customizing and implementing them in
one’s organization, decisions will be made more
consistently and easily by management and employees
will better understand the organization for which they
are working.

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A BOOK BY
Ray Dalio

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