Books: Principles by Ray Dalio

Ray Dalio’s reflections with focus on his core principles and his management approach called idea meritocracy.

Interesting ideas:

  • Principle as a tool to handle reality. Ray tries to understand what are the principles that guide great minds. I like how he defines the term principle.
  • Embracing an error friendly culture. Making a mistake is not considered a problem, but failure to disclose it, reflect on it and learn from it is. This idea makes some much sense, but is so often ignored. Probably one of the reasons why Bridgewater is so successful.
  • As a computer scientist I like the idea, that he’s trying to use computers to do practically all the decision making. He is confident that he will succeed in doing so, however this assumes that human decision making can be sufficiently described with the formalisms available today (language, math).
  • Progress = pain + reflection.

Personal rating: 7/10

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s