The devastating results of his misjudgment and mismanagement almost bankrupted Bridgewater Associates and most of all, gravely wounded his confidence. During this financial slowdown, he made several high-risk investments despite their adverse effects on his companies. Dalio shared the principles that fundamentally transformed his business approach and made Bridgewater Associates the most successful brokerage firm in the world.ĭalio's bad experience when he predicted the 1982 severe economic recession made him rethink how he managed his business. The book reveals his secret and magic formula that paved the way for the unprecedented growth and expansion of his hedge fund ventures. Principles: Life and Work is a narration of Ray Dalio’s phenomenal success story with the illustrious Bridgewater Associates, an investment and management firm he founded in 1975. Here's an Introduction of What You're About to Discover in this Premium Summary of Principles: Life and Work by Ray Dalio : In many cases, it may mean expanded paychecks, better vitality, and magical relationships. What's it worth to you to have just ONE good idea applied to your life? Learn the Invaluable Lessons from Principles: Life and Work by Ray Dalio and Apply it into Your Life Without Missing Out!
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