![]() ![]() He also describes the innovative tools the firm uses to bring an idea meritocracy to life, such as creating “baseball cards” for all employees that distill their strengths and weaknesses, and employing computerized decision-making systems to make believability-weighted decisions. The book’s hundreds of practical lessons, which are built around his cornerstones of “radical truth” and “radical transparency,” include Dalio laying out the most effective ways for individuals and organizations to make decisions, approach challenges, and build strong teams. He argues that life, management, economics, and investing can all be systemized into rules and understood like machines. In Principles, Dalio shares what he’s learned over the course of his remarkable career. Along the way, Dalio discovered a set of unique principles that have led to Bridgewater’s exceptionally effective culture, which he describes as “an idea meritocracy that strives to achieve meaningful work and meaningful relationships through radical transparency.” It is these principles, and not anything special about Dalio-who grew up an ordinary kid in a middle-class Long Island neighborhood-that he believes are the reason behind his success. Dalio himself has been named to Time magazine’s list of the 100 most influential people in the world. Forty years later, Bridgewater has made more money for its clients than any other hedge fund in history and grown into the fifth most important private company in the United States, according to Fortune magazine. In 1975, Ray Dalio founded an investment firm, Bridgewater Associates, out of his two-bedroom apartment in New York City. Ray Dalio, one of the world’s most successful investors and entrepreneurs, shares the unconventional principles that he’s developed, refined, and used over the past forty years to create unique results in both life and business-and which any person or organization can adopt to help achieve their goals. Throughout, the voice and recipes of the ancient wisdom from Phoenician, Roman, Greek, and Medieval sources are heard loud and clear. Why is the city state better than the nation state, why is debt bad for you, and why is almost everything modern bound to fail? The book covers innovation, health, biology, medicine, life decisions, politics, foreign policy, urban planning, war, personal finance, and economic systems. Extremely ambitious and multidisciplinary, Antifragile provides a blueprint for how to behave-and thrive-in a world we don't understand and which is too uncertain for us to even try to understand. Taleb stands uncertainty on its head, making it desirable, and proposing that things be built in an antifragile manner. For what he calls the "antifragile" is one step beyond robust, as it benefits from adversity, uncertainty and stressors, just as human bones get stronger when subjected to stress and tension. In The Black Swan Taleb outlined a problem in Antifragile he offers a definitive solution: how to gain from disorder and chaos while being protected from fragilities and adverse events. lessįrom the bestselling author of The Black Swan and one of the foremost philosophers of our time, Nassim Nicholas Taleb, a book on how some systems actually benefit from disorder. What you choose to do with this information is up to you. I'm going to explain exactly how the media "really" works. I'm pulling back the curtain because I don't want anyone else to get blindsided. Why am I giving away these secrets? Because I'm tired of a world where blogs take indirect bribes, marketers help write the news, reckless journalists spread lies, and no one is accountable for any of it. In today's culture.ġ) Blogs like "Gawker," "Buzzfeed" and the "Huffington Post" drive the media agenda.Ģ) Bloggers are slaves to money, technology, and deadlines.ģ) Manipulators wield these levers to shape everything you read, see and watch-online and off. ![]() ![]() In a world where blogs control and distort the news, my job is to control blogs-as much as any one person can. What you don't know is that someone is responsible for all this. Some product or celebrity zooms from total obscurity to viral sensation. A political sideshow derails the national news cycle and destroys a candidate. A malicious online rumor costs a company millions. ![]()
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