Books by Ray Dalio

Dalio "shares the unconventional principles that he's developed, refined, and used over the past forty years to create unique results in both life and business--and which any person or organization can adopt to help achieve their goals"--Amazon.com.

From legendary investor Ray Dalio, author of the internationalbestseller Principles, who has spent half a century studying global economies and markets, Principles for Dealing with the Changing World Order examines history's most turbulent economic and political periods to reveal why the times ahead will likely be radically different from those we've experienced in our lifetimes - but similar to those that have happened many times before. A few years ago, Ray Dalio noticed a confluence of political and economic conditions he hadn't encountered before. They included huge debts and zero or near-zero interest rates that led to massive printing of money in the world's three major reserve currencies; big political and social conflicts within countries, especially the US, due to the largest wealth, political and values disparities in more than 100 years; and the rising of a world power (China) to challenge the existing world power (US) and the existing world order. The last time that this confluence occurred was between 1930 and 1945. This realisation sent Dalio on a search for the repeating patterns and cause/effect relationships underlying all major changes in wealth and power over the last 500 years. In this remarkable and timely addition to his Principles series, Dalio brings readers along for his study of the major empires - including the Dutch, the British and the American - putting into perspective the Big Cycle that has driven the successes and failures of all the world's major countries throughout history.Dalio reveals the timeless and universal forces behind these shifts and uses them to look into the future, offering practical principles for positioning oneself for what's ahead.

Groe Schuldenkrisen gibt es immer wieder, sie gehoren zum Wirtschaftsleben dazu. Hedgefonds-Legende Ray Dalio hat sich gefragt: Gibt es Gesetzmaigkeiten, die immer auftreten? Sofern man solche Gesetzmaigkeiten erkennt, kann man sich namlich darauf einstellen, diese Krisen besser als andere bewaltigen und sein Vermogen sichern -in Dalios Fall 140 Milliarden US-Dollar, die sein Hedgefonds Bridgewater verwaltet. Also untersuchte er die Krisen der letzten 100 Jahre, darunter den groen Crash 1929, die Hyperinflation im Deutschland der 30er-Jahre, die Finanzkrise 2008 - und wurde fndig. Mit beeindruckender Akribie hat er in "e;Principles: So navigieren Sie Ihr Vermgen durch groe Schuldenkrisen"e; seine Erkenntnisse zusammengefasst. So kann jeder Leser sich in Krisenzeiten entsprechend positionieren und sein Portfolio optimal schtzen.

#1 New York Times Bestseller"e;Significant...The book is both instructive and surprisingly moving."e; -The New York TimesRay Dalio, one of the world's most successful investors and entrepreneurs, shares the unconventional principles that he's developed, refined, and used over the past forty years to create unique results in both life and business-and which any person or organization can adopt to help achieve their goals. In 1975, Ray Dalio founded an investment firm, Bridgewater Associates, out of his two-bedroom apartment in New York City. Forty years later, Bridgewater has made more money for its clients than any other hedge fund in history and grown into the fifth most important private company in the United States, according to Fortune magazine. Dalio himself has been named to Time magazine's list of the 100 most influential people in the world. Along the way, Dalio discovered a set of unique principles that have led to Bridgewater's exceptionally effective culture, which he describes as "e;an idea meritocracy that strives to achieve meaningful work and meaningful relationships through radical transparency."e; It is these principles, and not anything special about Dalio-who grew up an ordinary kid in a middle-class Long Island neighborhood-that he believes are the reason behind his success. In Principles, Dalio shares what he's learned over the course of his remarkable career. He argues that life, management, economics, and investing can all be systemized into rules and understood like machines. The book's hundreds of practical lessons, which are built around his cornerstones of "e;radical truth"e; and "e;radical transparency,"e; include Dalio laying out the most effective ways for individuals and organizations to make decisions, approach challenges, and build strong teams. He also describes the innovative tools the firm uses to bring an idea meritocracy to life, such as creating "e;baseball cards"e; for all employees that distill their strengths and weaknesses, and employing computerized decision-making systems to make believability-weighted decisions. While the book brims with novel ideas for organizations and institutions, Principles also offers a clear, straightforward approach to decision-making that Dalio believes anyone can apply, no matter what they're seeking to achieve. Here, from a man who has been called both "e;the Steve Jobs of investing"e; and "e;the philosopher king of the financial universe"e; (CIO magazine), is a rare opportunity to gain proven advice unlike anything you'll find in the conventional business press.