Principles

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"Truth—or, more precisely, an accurate understanding of reality—is the essential foundation for any good outcome."

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"The two biggest barriers to good decision making are your ego and your blind spots."

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"Pain + Reflection = Progress."

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"Go to the pain rather than avoid it."

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"Great collaboration feels like playing jazz."

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"Dreams + Reality + Determination = A Successful Life."

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"Be radically open-minded and radically transparent."

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"When you have alignment, cherish it."

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Introduction

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Chapter summary

This outline follows the Simon & Schuster hardcover edition (2017; ISBN 978-1-5011-2402-0).[1][2]

I – Where I'm coming from

🚀 1 – My call to adventure, 1949–1967.

🚪 2 – Crossing the threshold, 1967–1979.

🕳️ 3 – My abyss, 1979–1982.

🧗 4 – My road of trials, 1983–1994.

🏆 5 – The ultimate boon, 1995–2010.

🎁 6 – Returning the boon, 2011–2015.

🧭 7 – My last year and my greatest challenge, 2016–2017.

🔭 8 – Looking back from a higher level.

II – Life principles

🌍 9 – Embrace reality and deal with it.

🛤️ 10 – Use the 5-step process to get what you want out of life.

🧠 11 – Be radically open-minded.

🧬 12 – Understand that people are wired very differently.

🎯 13 – Learn how to make decisions effectively.

🧩 14 – Life principles: putting it all together.

📋 15 – Summary and table of life principles.

III – Work principles

🗂️ 16 – Summary and table of work principles.

🏛️ 17 – To get the culture right ....

🔍 18 – Trust in radical truth and radical transparency.

🤝 19 – Cultivate meaningful work and meaningful relationships.

🧪 20 – Create a culture in which it is okay to make mistakes and unacceptable not to learn from them.

🔁 21 – Get and stay in sync.

⚖️ 22 – Believability weight your decision making.

🕊️ 23 – Recognize how to get beyond disagreements.

👥 24 – To get the people right ....

🧑‍🤝‍🧑 25 – Remember that the WHO is more important than the WHAT.

📝 26 – Hire right, because the penalties for hiring wrong are huge.

📊 27 – Constantly train, test, evaluate, and sort people.

⚙️ 28 – To build and evolve your machine ....

🕹️ 29 – Manage as someone operating a machine to achieve a goal.

🚫 30 – Perceive and don't tolerate problems.

🔬 31 – Diagnose problems to get at their roots.

🛠️ 32 – Design improvements to your machine to get around your problems.

33 – Do what you set out to do.

🧰 34 – Use tools and protocols to shape how work is done.

📜 35 – And for heaven's sake, don't overlook governance!

🗺️ 36 – Work principles: putting it all together.

📘 37 – Conclusion.

🧱 38 – Appendix: Tools and protocols for Bridgewater's idea meritocracy.

Related content & more

YouTube videos

Animated summary by Ray Dalio (30 min)
TED talk: idea meritocracy & radical transparency (16 min)

CapSach articles

 

Digital Minimalism

 

Four Thousand Weeks

 

The One Thing

 

Make Your Bed

 

The Magic of Thinking Big

 

The Compound Effect

 

CS/Self-improvement book summaries


References

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