Ray Dalio: "Principles: Life and Work" | Talks at Google



In 1975, Ray Dalio founded an investment firm, Bridgewater Associates, out of his two-bedroom apartment in New York City. Forty years later, Bridgewater has made more money for its clients than any other hedge fund in history, and grown into the fifth most important private company in the United States, according to Fortune magazine.

In his new book “Principles”, Dalio shares what he’s learned over the course of his remarkable career, arguing that life, management, economics, and…

39 Comments

  1. Some people are great at estimating probabilities. Unfortunately those who are poorer guessers attribute this ability to failed methods or even superstition. Then we face witch trials, persecution, etc. Study the where, when, why and how with an open mind to improving the outcome. Then implement the solution, step by step, test the result, be flexible when new problems arise, and cause the least disruption while you implement the "solution."

  2. Just spent the day Audibling your "Principles" book Ray. Brilliant simplicity

  3. art of thoughtful disagreement! stress test those opinions in your head! yes.

  4. There is only one concensus which is the direction of price tomorrow not a creative project collective actions in Google, Ray is denfintely speaking to the wrong audience

  5. Great contribution by Ray to all of humanity. Personally I greatly benefited by your philosophy. Thanks forever

  6. I'm a little disappointed in Ray @1:24:50 he semi agrees to acknowledge and agree with the about open sourcing if the dot collector though Ray is carful in how he states it. his dot collector is far from open sourced. contact support@principals.com to get a "license". yup, it's a paid software. now i'm not upset its paid but i've been watching many talks with Ray and he seemed very adamant on "giving it away".. looks like things are a changing.

  7. I like the guy and his ideas. But.
    What if in the population there are a percentage of individuals who come across as believable and very persuasive. The flam man, the carasmatic cons, trial lawyer types, polished politician types that can sway opinion. Does that not influence and skew the algorithms? There would not be anything nefarious about the bias some individuals could inject into the outcome, it might be they have a stronger opinion, albeit wrong, based on their skewed experiences. They just come across as believable because their so convincing.

  8. I wish i was there and could ask him direct questions on trading psychology and risk management. These people dont even know what they can ask a legend like Ray Dalio.

  9. Something for the future governing of society: everybody should be encouraged to have their opinion but the algorithms based on one's ability to make the right decision will determine how much each and everyone`s vote will weigh.

  10. haha. BELIEVABILITY Decision making is NOT democracy.
    I think rejecting all Leftist opinions might be another way of getting to the right-wisest decision

  11. Dalio's key points are very relevant, but you have to realize that it's coming from a billionaire, someone who never really have to face the harsh realities of life. He explains his low point in life as when his business had to be reshaped or when he needed money from his dad. If that's failure to you, you haven't seen real failure my friend. But worth a read for sure.

  12. I love this and want to work this way! If you love these ideas, read 'Superforcasting'. Combining the approaches from Principles and Superforcasting would provide incredible results. Elegantly addressing human emotional piece while meritoriously sifting ideas out of the crowd. <3

  13. Innovative solutions to corporate problems can be carried over to the political process. This guy should run for President.

  14. THANK YOU FOR ALL YOUR DEVISES AND TIPS I READ YOUR BOOK AND ITS INSPIRED ME TO REVIEW MY PROCESS OF TAKING DECISIONS I AM SURE THAT NOW IT WILL IMPROVE MY GOALS ACHIEVEMENTS, YOUR BOOK ALSO INSPIRED ME TO CREAT MY OWN YOUTUBE CHANNEL
    AND YOU DID YOU READ THE BOOK?
    SAM FROM FRANCE

  15. So much respect for this man. Most highly intelligent people are not nearly as sociable or want advice as Ray does

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