Ray Dalio is the founder and manager of the world’s largest hedge fund. He recently wrote his first book called, Principles, which I am currently reading about the unconventional principles he has developed throughout his life and career and how living a principled life can greatly improve one’s life. When I finish the book, I will write a review and the introduction alone may warrant its own post, which I will tease with the first paragraph of the book below:
“Before I begin telling you what I think, I want to establish that I’m a “dumb shit” who doesn’t know much relative to what I need to know. Whatever success I’ve had in life has had more to do with my knowing how to deal with my not knowing than anything I know. The most important thing I learned is an approach to life-based on principles that help me find out what’s true and what to do about it.”
Remember, this is coming from one of the most successful investors and entrepreneurs in history.
In the meantime, I highly recommend watching the thirty-minute video by Ray Dalio explaining how the economic machine works. Ray is able to boil down the most complicated issues in business and economics to his simplest form, transactions, and build a strong foundation for the viewer to better understand the global economy.