WPO Image

The 3 Books That According To Ray Dalio Everyone Should Read

These books are recommended by the founder of the largest hedge fund in the world.

Ray Dalio is different from other investors. Bridgewater Associates, the largest hedge fund in the world, has nearly $ 160 billion under management. It follows a culture that values “radical truth and transparency.”

Dalio has created a work environment that is in line with his vision. This includes recording and analysis of meetings later and an iPad app that allows employees to rate each other in real-time.

Bridgewater’s president and co-chief information officer, Dalio has stepped aside from the day-today management of the office earlier in the year. He published “Principles: Work and Life” as a tribute to the occasion. This brief autobiography is combined with an expanded version his management principles, which all Bridgewater employees must read upon being hired.

Dalio spoke to Tim Ferriss about his book promotion tour on one episode of the Ferriss podcast. Dalio was asked which books he would recommend. To any recent graduate, Dalio replied with three books.

“The Lessons of History” by Will Durant and Arial Durant

Between 1935 and 1975, 11 volumes of Western history were published by the Will and Ariel Durant couples. They both died within weeks. The 10th volume in the series won them a Pulitzer Prize.

Dalio recommended their 1968 book, “The Lessons of History,” that provides an overview of the recurring themes discovered through analyzing thousands of years of historical data.

Richard Dawkins, “The River of Eden”,

Ferriss was told by Dalio that evolution was the “greatest force in the universe.” He said, “I believe the purpose of all things is to evolve.” “I believe people are just vessels for our DNA’s evolution. Richard Dawkins, a prominent English biologist and new atheist thinker, recommended “The River of Eden” 1995. It really helps to put things in perspective. Dalio said.

Joseph Campbell, “The Hero with a Thousand Faces”,

Dalio claims that his son Paul, a filmmaker and filmmaker, gave him “The Hero with a Thousand Faces”, a 1949 Joseph Campbell classic. Campbell found narrative structures that resonated with the human spirit by studying the most important myths of human history. This book has changed Dalio‚Äôs life and encourages others.

Celaine