Principles: Life and Work

by Raymond Dalio

Practice this book with HabitCoach.

In the app, you can read a summary of the book and apply the recommended actions and principles in your own life.


This book was written to explain all the principles that are used by Ray Dalio in his company, Bridgewater Associates. This is a truly remarkable book. It has so many great ideas that it’s difficult to embrace them all at once. But HabitCoach was created to collect all the principles from all the best books, including this one. We really love that a book with such a huge value has been written.

About the Author

Raymond Dalio (born August 8, 1949) is an American investor, hedge fund manager, and philanthropist. Dalio is the founder of the investment firm Bridgewater Associates, one of the world's largest hedge funds.

On HabitCoach:



Make your passion and your work one and the same.

Trust in radical truth and radical transparency.

Cultivate meaningful work and meaningful relationships.

Create a culture in which it is okay to make mistakes and unacceptable not to learn from them.

Get and stay in sync.

Take full responsibility for meetings that you run.

Believability weight your decision making.

Remember that the who is more important than the what.

Hire right, because the penalties for hiring wrong are huge.

Constantly train, test, evaluate, and sort people.

Look down on your machine (your organization) and yourself within it from a higher level.

Your approach should have only two purposes.

Know what your people are like and what makes them tick.

Clearly assign responsibilities.

Think like an owner, and expect the people you work with to do the same.

Hold yourself and your people accountable and appreciate them for holding you accountable.

Perceive and don't tolerate problems.

Diagnose problems to get at their root causes.

Design improvements to your machine to get around your problems.

Do what you set out to do.