Ray Dalio is founder of Bridgewater Associates, the largest hedge fund in the world. In his book Principles: Work and Life, Dalio shares the guiding principles powering his success and Bridgewater’s.
Principles is a master class in rational thinking. The main theme is that finding truth is the best way to make decisions, and that ego, emotion, and blind spots prevent you from discovering the truth. Dalio shares his major strategies to circumvent these weaknesses, including radical open-mindedness, thoughtful disagreement, radical transparency, and believability-weighted decision making.
In this Principles: Work and Life summary, you’ll learn:
How the rational you and the emotional you fight to control your life
How to get past your ego in pursuit of your goals
The 5-step process for getting what you want out of life
Why you need other people to improve your probability of being right
Are you feeling unmotivated in your job and life? Are you finding your current goals unsatisfying to work toward?
Drive, by Daniel Pink, believes that your work structure is to blame. Historically, employers have motivated employees through financial rewards and kept workers on a tight leash. These principles worked well when people were primarily working in assembly lines, but today’s creative work demands more: autonomy, mastery, and purpose.
In this Drive summary, you’ll learn:
Why financial rewards can lower your motivation and tempt cheating
How every human, including you, is motivated by autonomy, mastery, and purpose
Why some companies give unlimited vacation days and pay you to work on personal projects
Why paying people to donate blood actually reduces donation rate
How to convince your boss to adopt changes and give you more freedom
Charlie Munger is Warren Buffett’s long-time partner at Berkshire Hathaway. Bill Gates says that Charlie “is truly the broadest thinker I have ever encountered.”
Poor Charlie’s Almanack is a collection of Charlie Munger’s best advice given over 30 years, in the form of 11 speeches given as commencement addresses and roundtable talks. In all his talks, he shows wit, rationality, and incredible clarity of thought.
In this summary of Poor Charlie’s Almanack, I’ve extracted the most important points and organized them by topic. You’ll learn why Charlie considers multidisciplinary learning vital to success, his checklist when making investments, and how to build a trillion dollar company from scratch.
Feeling stuck in life? Asking extreme questions gets you thinking about your life from a different direction. You might find the solution was obvious all along.
Tim Ferriss’s 17 questions are a great start to questioning what you can improve about your life. These question come from his best-selling book Tools of Titans. I humbly share Tim Ferriss’s questions below, adding my own interpretations and thinking exercises to help you apply them.
In his epic 707-page Tools of Titans, Tim Ferriss shares the habits and beliefs of 101 people at the top of their game, including tech investors like Chris Sacca and Peter Thiel, entrepreneurs like Linkedin’s Reid Hoffman and Evernote’s Phil Libin, superhuman athletes like Amelia Boone and Wim Hof, media figures like Edward Norton and Whitney Cummings, and more.
These are the principles that successful people use to achieve audacious goals, improve themselves, and be happier. If you can apply the lessons from this book, you can be more effective.
The problem with Tools of Titans is its organization – every titan has a separate chapter, leading to over 140 short chapters over 707 pages. For Tim, this makes sense, as he wants to pay homage to the titans and make it easy to find personalities you care about. But when organized this way, it’s hard to see the bigger picture.
What I really wanted to know were patterns of habits across the titans. What do many successful people do that I don’t currently do? I wanted to see the beliefs of titans organized by theme, like how to define your life goals, how to think of good ideas, how to be happier everyday.
That’s what I’ve done in this summary. I’ve extracted my favorite lessons from the book and reorganized them by theme. This way, you can see how 10 titans focus their lives to cut out the noise, and how 9 titans find time to be grateful every single day.