Page 458 - Ray Dalio - Principles

ACKNOWLEDGMENTS

My Life and Work Principles are a result of my encounters
with reality over many years. Because these encounters were
most importantly shaped with Bob Prince, Greg Jensen,
Giselle Wagner, Dan Bernstein, David McCormick, Eileen
Murray, Joe Dobrich, Paul Colman, Rob Fried, Ross Waller,
Claude Amadeo, Randal Sandler, Osman Nalbantoglu, Brian
Kreiter, Tom Sinchak, Tom Waller, Janine Racanelli, Fran

Shanne, and Lisa Safian, they are the people to whom I am
most grateful.

Bob, Greg, and I have spent the greater parts of our adult
lives trying to discover the timeless and universal laws of
economies and markets. In the process, we had daily
interactions that were typically thoughtful, infrequently
bloody, and occasionally euphoric. While our meetings were

primarily about economies and markets and led to the
discovery of invaluable economic and investment principles,
they also taught us a great amount about ourselves and about
how people should be with each other. We captured these
lessons as life and work principles that were even more
valuable. More recently, we did that with Eileen Murray and

Dave McCormick, who together replaced me as co-CEOs.
Thank you, Dave and Eileen, for contributing to, receiving,
and taking care of the boon.

When I first imagined transitioning Bridgewater from a
first-generation organization to a second-generation one, I
decided to pull together my scattered collection of principles
into this recipe book to help others at Bridgewater. Collecting

and transforming what started as a messy pile of principles
into this beautiful book was an epic effort that Mark Kirby,
more than anyone, was responsible for helping me with. I also
appreciate Arthur Goldwag’s and Mike Kubin’s contributions
in tightening up and refining the entire manuscript. (Mike did