Abhi Yerra's Reviews > Principles: Life and Work

Principles by Ray Dalio
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really liked it

Essentially the book could be translated into:

1. Have Goals
2. Create a Machine (i.e People and Culture) to get to your goals.
3. Achieve your goals by optimizing that machine.

Everything else seems to be build off of that and fills the issues that you will have to get there. Honestly, found the Life Principles much more worth it than the Work Principles.

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Quotes Abhi Liked

Ray Dalio
“As much as I love and have benefited from artificial intelligence, I believe that only people can discover such things and then program computers to do them. That’s why I believe that the right people, working with each other and with computers, are the key to success.”
Ray Dalio, Principles: Life and Work

Ray Dalio
“realized again that what I didn’t know was much greater than what I did, in this case not knowing how to transition out of the founder-leader role. So I reached out to some of the greatest experts I could speak with for advice. Perhaps the best advice we received came from management expert Jim Collins, who told us that “to transition well, there are only two things that you need to do: Put capable CEOs in place and have a capable governance system to replace the CEOs if they’re not capable.” That was what I had failed to do and what”
Ray Dalio, Principles: Life and Work

Reading Progress

November 7, 2018 – Started Reading
November 7, 2018 – Shelved
January 14, 2019 – Finished Reading

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