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- Since at Bridgewater the key shared values that maintain our culture are meaningful work and meaningful relationships, radical truth and radical transparency, an open-minded willingness to explore harsh realities including one's own weaknesses, a sense of ownership, a drive for excellence, and the willingness to do the good but difficult things, we look for highly capable people who deeply want all of those things.
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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.”
Part 3 is about my management principles. As I have run Bridgewater for more than 35 years, it explains Bridgewater’s approach up till now. It begins at the big- picture, conceptual level, with an explanation of why I believe that any company’s results are primarily determined by its people and its culture. It then
- No Prizes For Stating The Obvious…
- Chapter 1: Dream Big, Start Small
- Chapter 2: Product/Market Fit
- Chapter 3: from Zero to One
- Ray Dalio’s Principles and An Inevitable Outcome
…but with the obvious is exactly where I’ll begin. Ray Dalio is rich—fabulously rich; he is also famous, and has been for a while—ever since he called the 2008 financial crisis and masterfully steered his fund to a 14 percent gain where his rivals averaged -30 percentfor the same period. But being rich and famous, in context, seems just rewards for...
In 1975, Ray Dalio founded Bridgewater Associatesout of his two-bedroom apartment in Manhattan. He did so without funding, credibility, or status, but simply with a plan, an enthusiasm for the markets, and an eye for reducing complex systems into simple cause and effect relationships. He would start small; he would bootstrap. At launch, Dalio faced...
In 1985, Bridgewater raised its first $5 million of outside capital, formally marking its transition to the Bridgewater we know today—i.e., a hedge fund. To be successful in this new phase, Dalio’s company would require a very different sort of organizational structure, composition, and strategy vis-a-vis the Bridgewater of years past. Most importa...
The final framework in our toolkit is comfortably the easiest to theorize but hardest to effect. According to renowned venture capitalist and entrepreneur Peter Thiel, “when we think about the future, there are two types of progress: horizontal progress, defined as going from 1 to n, or vertical progress, defined as going from 0 to 1. Going from 0 ...
Over the years, much of Dalio’s incredible success has been attributed to a combination of his intellect, investment acumen, and team’s quirky culture. I believe, however, that this story grossly undersells the scope of the man’s vision, the precision of his execution, the genius of his innovations, and the prescience of his technological bets. Not...
Today the 2011 edition of the exhaustive manual he gives to employees is available on Bridgewater's website for anyone to read. We've summarized Dalio's 20 core management principles below.
- Henry Blodget
Aug 7, 2018 · 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...
Sep 4, 2017 · At first glance, his principles may not be easy to stomach, especially for those of us accustomed to sugarcoated critiques. One of his principles, for example, is “Evaluate accurately, not ...
