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Principles: Life and Work and Principles: Your Guided Journal by Ray Dalio are presented here as a two-book collection set. This set brings together a main book and a guided journal edition.
Ray Dalio shares what he has learned across his career, presenting the view that life, management, economics and investing can be understood through rules and systems. The book brings together hundreds of practical lessons built around “radical truth” and “radical transparency”, and outlines approaches to decision-making, tackling challenges and building teams.
It also describes tools used to support an idea meritocracy, including “baseball cards” that summarise employees’ strengths and weaknesses, and computerised systems designed to make believability-weighted decisions.
This guided journal is designed to help readers reflect on and record their own principles through structured exercises and questions. It focuses on exploring what you are like, what you value and which principles may support your goals, drawing on concepts from the original book.
Exercises include identifying strengths, weaknesses, motivations and preferences; using a “five-step process” to work towards goals; becoming “assertive and open-minded at the same time”; and maximising learning from inevitable mistakes.
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