The chairman and co-chief investment officer of Bridgewater Associates introduces his new book, “Principles: Life and Work.”

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Transcript

00:00 Charlie Rose: Ray Dalio is here. He is the founder, chairman and co-chief investment officer of Bridgewater Associates. He created the firm in 1975 out of his two bedroom apartment. Today it is the largest hedge fund in the world with assets of around $160 billion under management. Fortune Magazine has called Bridgewater the fifth most important private company in the U.S. The firm's success is anchored in its unconventional culture which emphasizes values such as radical transparency and radical truth. Dalio expands on those ideas and more in Principles: Life and Work. I'm pleased to have him back at this table. Welcome.

00:37 Ray Dalio: Thank you.

00:38 Charlie Rose: Now so tell me the motivating reason to put this together for you. Why did you want to write this?

00:45 Ray Dalio: To help others make decisions better. To help them be more successful. I was originally very reluctant to share some of these principles, they were internal.

00:57 Charlie Rose: Because you thought they had led you to enormous achievement in the investment world and perhaps personally as well, and therefore you didn't want your competition.

 

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Ray Dalio