Nyla is pleased to announce that the Winter 2020 Book Club selection will be Ray Dalio’s best-selling book Principles: Life and Work. Ray Dalio has been called both “The Steve Jobs of Investing” and “The Philosopher King of the Financial Universe.” Dalio started his company, Bridgewater Associates, out of his NYC apartment in 1975 and grew it into the 5th most important private company in the United States, as rated by Fortune magazine. He turned Bridgewater into the most lucrative hedge fund in history, and today Dalio is one of the world’s most successful investors and entrepreneurs. Pretty impressive to say the least.
In Principles: Life and Work, a NY Times #1 Bestseller, Dalio explains the unconventional approach he takes to running his company, one that he calls “an idea meritocracy.” According to Dalio, this means his company “strives to achieve meaningful work and meaningful relationships through radical transparency.” Dalio insists it’s this approach that is responsible for Bridgewater’s success.
Dalio says that all things: “life, management, economics, and investing can be systemized into rules and understood like machines.” He also believes that these rules are invaluable to not only running a business but that they also help provide a direct and purposeful way of approaching problem-solving and decision-making that can be utilized in all areas of life, no matter what your objectives and goals are.