Today, I finished listening to the book: Principles: Life and Work.
Ray Dalio writes and talks in a familiar voice, but with the authority of a self-made billionaire who made also billions to others. You can see Ray's the genuine enthusiasm and interest to teach what he has learned -- mistakes, lessons, and principles.
Core ideas for managers (my summary):
1. Every manager is an organizational engineer. Understand, architect and debug the organization to engineer outcomes for the company & community.
2. Focus on getting to the true picture of reality and face it.
3. Own responsibility for the outcomes.
4. Idea meritocracy. Do everything possible to get and iterate over good ideas to understand reality and iterate.
He has tons of principles, suggestions for every aspect of management, decisions, etc.
This book almost acts like an execution guide to my favorite book on management: The Goal.
I recommend this. He has published summary audio/video as well. I haven't watched them yet.
management
There’s a saying in Chicago: “We don’t want nobody that nobody sent.” This was the cold reception Swami Vivekananda faced when he arrived in the windy city in July 1893, determined to attend the World Parliament of Religions that September. He belonged to no organization, carried no letter of recommendation, his countrymen were nobody, and represented an alien religion to the Western world. As the days passed, his hope of attending the parliament dwindled. With money running out and the odds stacked against him, he left the Windy City and went to Boston, praying for a glimmer of opportunity. Swamiji came to America to share India’s most profound gift: the wisdom of the Hindu sages, preserved through centuries of oral tradition and embodied by its monks. This was 1893, not 1993—India was under the British grip, its resources drained, and its spirit subdued. Swamiji’s mission was not just a cultural exchange; it was a bold step toward envisioning a future where India could re...
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