In this episode, we discuss Ray Dalio’s book Principles.  

Dalio is one of the most successful entrepreneurs and investors in the world, and in this book he distils the, somewhat unconventional, principles that have underpinned his success. 

The author shares his life’s journey and how his experiences shaped his principles – particularly the ‘crucible moment’ where he lost everything and had to start all over again. 

The principles are structured into ‘work principles’ and ‘life principles’, all of them grounded in the experience of implementing them in the real world and how this contributed to the success of Bridgewater Associates. 

Samie and James pick on some of the key principles – namely those focused on radical transparency, facing into reality, learning from failure and radical openness. We discuss how these can be applied in our day-to-day lives, what we can learn from them, and how we can encourage even more transparency and openness in our leadership.