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The Fund: Ray Dalio, Bridgewater Associates, and the Unraveling of a Wall Street Legend
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Principles for Dealing with the Changing World Order: Why Nations Succeed and Fail
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How The Economic Machine Works - Ray Dalio - 09-22-2013
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Ray Dalio on (some of his) Principles:
1. Don't confuse what you wish were true with what is actually true.
2. Don't worry about looking good; worry instead about achieving your goals.
3. Don't overweight 1st order consequences relative to 2nd & 3rd order consequences.
4. Don't let pain stand in the way of progress.
5. Don't blame bad outcomes on an
Having a few good uncorrelated return streams is better than having just one, and knowing how to combine return streams is even more effective than being able to choose good ones (though of course you have to do both).
Ray Dalio • Principles: Life and Work
Investor and entrepreneur Ray Dalio and psychologists Dr. Adam Grant, Dr. Brian Little, and Dr. John Golden.