Page 461 - Ray Dalio - Principles

ABOUT THE AUTHOR

Ray Dalio, who grew up a very ordinary middle-class kid from
Long Island, started the investment company Bridgewater
Associates out of his two-bedroom apartment when he was 26

years old, and built it over the next 42 years into what Fortune
magazine assessed to be the fifth most important private
company in the U.S. He did that by creating a unique culture
—an idea meritocracy based on radical truth, radical
transparency, and believability-weighted decision making—
that he believes most people and organizations can use to
better achieve their own goals.

Along the way, Dalio became one of the 100 most
influential (according to Time) and 100 wealthiest (according
to Forbes) people in the world, and because his unique
investment principles changed the industry, CIO magazine
called him “the Steve Jobs of investing.” (Those principles
will be conveyed in his next book, Economic and Investment
Principles.) He believes that his success isn’t due to anything

special about him—it is the result of principles he learned,