Principles (book)
| Industry | Hedge fund management |
|---|---|
| Founder | Ray Dalio |
| Headquarters | Westport, Connecticut , United States |
Key people | Ray Dalio (founder) |
Principles: Life & Work is a book published in 2017 by hedge fund manager Ray Dalio, drawing from the guiding principles he formulated while managing Bridgewater Associates. These Success Principles were also transformed into a concise mini-series by Dalio. As reported by The New York Times, employees at Bridgewater played a role in contributing to the book’s content.
The publication secured a position on The New York Times Best Seller list and was recognized as Amazon’s leading business book of 2017. Although it achieved significant commercial acclaim and received prominent endorsements, only a limited number of readers adopt the principles in their entirety.
Development
Following an honest 1993 memo from his senior team critiquing his leadership approach, Ray Dalio established a unique corporate culture at Bridgewater Associates that emphasized core principles and open, candid feedback. An abbreviated edition of Principles was made available online in 2011, attracting over three million downloads. The comprehensive edition, titled Principles: Life & Work, was officially published on September 19, 2017, through Simon & Schuster.
Further reading