Ray Dalio book list updated 5/31/2018
Ray Dalio is the CEO of Bridgewater Associates. Bridgewater is the largest hedge fund in the US, with over $75 billion under management. In an interview from 3/6/2012, Dalio was asked what his favorite books were. Below is the short list:
The Lessons of History, by Will Durant, which Dalio mentioned is only 104 pages.
Dalio also mentioned Will Durant's 15 volumes of history (The Story of Civilization) which covers over the last 5,000 years. Dalio described him as possibly the greatest historian of all time.
History is a vital part of investing. We bring you the following quote regarding history and investing:
"In the fall of 1974 I was in graduate school at USC taking a portfolio-management investment course. The financial markets were in difficulty, and I didn't understand how securities were being sold at such depressed levels. I had only recently discovered Security Analysis by Graham and Dodd when we had a guest lecturer come in named Charlie Munger, who went on about this idea of value investing. After the class was over, I walked up to Charlie and asked him if there was one thing that I could do that would make me a better investment professional. His answer was, 'Read history, read history, read history.' Robert Rodriguez, CEO, of FPA
Also check out, The Alpha Masters: Unlocking the Genius of the World's Top Hedge Funds,where Dalio gave Maneet Ahuja exclusive access for a rare interview and profile of himself.
Also Ray Dalio recommends reading Ben Graham's Security Analysis - source is this interview with Charlie Rose
And Dalio highly recommends his own book - Principles: Life and Work (Source: EVERYWHERE)
Ray Dalio's Recommended Books
According to Richard Reeze the following books are also recommended by Dalio in Principles
- River Out of Eden: A Darwinian View of Life — Richard Dawkins
- The Hero with a Thousand Faces — Joseph Campbell
- Leadership the Outward Bound Way: Becoming a Better Leader in the Workplace, in the Wilderness, and in Your Community — Outward Bound USA
- Einstein’s Mistakes: The Human Failings of Genius Hans C. Ohanian
- The Evolving Self: Problem and Process in Human Development — Robert Kegan
- Thinking, Fast and Slow — Daniel Kahneman
- Learn or Die: Using Science to Build a Leading-Edge Learning Organization — Edward D. Hess
- Originals: How Non-Conformists Move the World — Adam Grant
- Who’s in Charge?: Free Will and the Science of the Brain — Michael S. Gazzaniga
- The Power of Habit: Why We Do What We Do in Life and Business Charles Duhigg
- Benjamin Franklin: An American Life Walter Isaacson
- My Stroke of Insight: A Brain Scientist’s Personal Journey — Jill Bolte Taylor
- The Gift of Adversity: The Unexpected Benefits of Life’s Difficulties, Setbacks, and Imperfections — Norman E. Rosenthal M.D. & Rameck Hunt
- Discovering Your Personality Type: The Essential Introduction to the Enneagram— Don Richard Riso & Russ Hudson
- Who Am I?: 16 Basic Desires That Motivate Our Actions and Define Our Personalities — Steven Reiss
- Changing Minds: The Art and Science of Changing Our Own and Other People’s Minds — Howard Gardner
- Incognito: The Secret Lives of the Brain— David Eagleman
- A Whole New Mind: Why Right-Brainers Will Rule the Future?— Daniel H. Pink
- The Role of the Individual in History Georgii V. Plekhanov
- In Over Our Heads: The Mental Demands of Modern Life Robert Kegan
- Subliminal: How Your Unconscious Mind Rules Your Behavior Leonard Mlodinow
- You: Being More Effective in Your MBTI Type— Michael M. Lombardo, Robert W. Eichinger, & Roger P. Pearman
- An Everyone Culture: Becoming a Deliberately Development Organization— Robert Kegan
- Sapiens: A Brief History of Humankind Yuval Noah Harari
- The Undoing Project: A Friendship That Changed Our Minds Michael Lewis
- Creativity and the Brain Mario Tokoro & Ken Mogi
- Why We Believe in God(s): A Concise Guide to the Science of Faith J. Anderson Thomson
- The Meaning of Human Existence Edward O. Wilson
- The Upside of Inequality: How Good Intentions Undermine the Middle Class Edward Conard
- The Serengeti Rules: The Quest to Discover How Life Works and Why it Matters Sean B. Carroll
- From Bacteria to Bach and Back Daniel C. Dennett
- A Magic Web: The Forest of Barro Colorado Island —Christian Ziegler & Egbert G. Leigh
- Endurance: Shackleton’s Incredible Voyage Alfred Lansing
- Welcome to Your Brain: Why You Lose Your Car Keys but Never Forget How to Drive and Other Puzzles of Everyday Life Sandra Aamodt & Sam Wang
- The Spiritual Brain: A Neuroscientist’s Case for the Existence of the Soul— Mario Beauregard & Denyse O’Leary
- Beyond Religion: Ethics for a Whole World Dalai Lama
- Steve Jobs Walter Isaacson
- Einstein: His Life and Universe Walter Isaacson
- A River From Eden by Richard Dawkins (Source)