From an email Ray Dalio sent just now about his new book.
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2017 is my transition year from the second stage of my life (in which others depend on me) to the third stage (in which no one is dependent and I’m free). Now my goal is to help others be successful rather than to be more successful myself. For that reason, I’m passing along the principles that helped me and Bridgewater succeed. If you’re interested in them, I’ll be sharing my TED talk next week or you can get a significantly revised and expanded version of Principles, which will be published on September 19.
Gates Capital Management's ECF Value Funds have a fantastic track record. The funds (full-name Excess Cash Flow Value Funds), which invest in an event-driven equity and credit strategy, have produced a 12.6% annualised return over the past 26 years. The funds added 7.7% overall in the second half of 2022, outperforming the 3.4% return for Read More
My principles are certainly unconventional, but I believe that they can be used by just about anyone or any organization to more effectively achieve whatever goals they’re going after. For a long time I thought it would be presumptuous of me to share them with others, but after posting the principles online, I was surprised by how much interest they received and by the many letters I received from all over the world letting me know about the impact they’ve had on people’s lives.
Because of your interest, I wanted you to be among the first to know about the revised version of the book and to have a chance to pre-order it. Over the coming weeks, I’ll also be working with my team to keep you updated on news about the book and my TED talk.
I hope that you enjoy the book and join the conversation about principles—and that you feel free to take or leave from it whatever you find of value.
What others have said so far about the book:
"Ray Dalio has provided me with invaluable guidance and insights that are now available to you in Principles.”
"Ray Dalio’s market acumen is legendary, but it was creating and living by a set of principles that allowed him to reach the top. Everyone with goals and dreams can learn from Ray’s approach.”
“I absolutely loved this book. It’s beautifully written and filled with such wisdom.”
“I found it to be truly extraordinary. Every page is full of so many principles of distinction and insights—and I love how Ray incorporates his history and his life in such an elegant way."