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Bridgewater’s Ray Dalio on the ‘Principles’ of Tough Love
Photo by David A.Grogan/CNBC, via NBCU Photo Bank and Getty Images
Photo by David A.Grogan/CNBC, via NBCU Photo Bank and Getty Images
In 2011, Ray Dalio (MBA 1973), chairman of Bridgewater Associates, published his “principles” for business online. The document distilled Dalio’s belief in the power of “radical transparency” into 210 actionable items. (For example: “Evaluate accurately, not kindly.”) It has been downloaded more than 3 million times.
This month, Dalio will release a much-buzzed about book expanding on his tough-love philosophy, Principles: Life & Work. “Underneath what may seem like a clinical, emotionless approach is something different and far more poignant,” the New York Times writes about Principles, which is part memoir, part business guide. “Mr. Dalio is preaching for individuals to have a sense of humility and introspection, an ability to open themselves to appreciate pointed criticism and use it to improve.”
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