Extended Summary Of Principles: Life And Work - By Ray Dalio

INTRODUCTIONCAN PRINCIPLES tell us where we come from and where we are going? What have we done well, or what have we done wrong? What do we know and what do we not know?Ray Dalio introduces us to his book on how principles can set the path to a successful life, both personally and professionally. He focused on the main theme of the book based more on what was unknown to him, than on what he knew. He describes in a masterly way how he discovered that through his principles he was able to decide what is true and how to use it to achieve success. In this way, through the lines of 'principles' he wants to help his readers to be more successful.Dalio through his text advises that each one discovers and understands their own principles, which can be refined with the experiences one has over time in order to make better decisions. The first thing the billionaire recommends is to think about himself and decide what he wants, what is his truth, and what he must do to get what he wants from his truth.With the reading of this book you will learn how principles become fundamental truths through which you can shape your behavior without losing sight of the result, which is nothing more than getting what you want in life.For Ray Dalio if you think about yourself, your strengths and weaknesses with an open mind to discover what is best for you and face the challenges with courage and determination, you will get the most out of your life and in this way what you want.ABOUT THE ORIGINAL BOOK"PRINCIPLES, is a book very well organized into three parts, each of which has several chapters. In the first, Dalio summarizes his personal and professional life. He tells us about his failures and how all those life experiences allowed him to know himself, his strengths and weaknesses, which led him to know his principles in depth, guiding him to a process of making the right decisions. This part allows the reader to know more about the author's personal history.In the second part of the book, the author reveals his principles in greater depth, demonstrating how he applies them in his personal and professional life. In this part, Dalio gives us the tools, through five steps that provide a road map, to successfully obtain what is wanted. The author deepens and describes how he came to know the principles on which his personal life is based.In the third part he describes in detail how in his company Bridgewater, Dalio managed to unite these principles described in part 2, masterfully building an organization with goals and a mission outlined from personal principles. He describes how he managed to merge these personal principles with the objective of forming an organization based on the idea of meritocracy that aims to achieve meaningful work and relationships through what he defines as "radical truth and radical transparency." In this last part he teaches us to apply personal principles in business life.PART I: WHERE DO I COME FROMIN THIS FIRST PART divided into 8 chapters, the author makes a brief history of his personal and professional life. Through this description, he tries to show how people are not born with the ability to make decisions, but that they acquire the ability based on their own experiences. He clearly states that while anyone pursues their objectives, they will inevitably face different complicated situations and make mistakes. It is only through these experiences that you will know your own weaknesses and strengths. In this part, the author shows how he became aware of the system of principles, and how he has used them to achieve success in his personal and professional life.