HOSTED BY JAVELINA CEO CATHERINE ALONZO
Mind Your Business Book Club - Principles: Life and Work by Ray Dalio
6:30PM MONDAY, SEPTEMBER 9
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Introducing "Mind Your Business," a book club for business leaders, managers, entrepreneurs—anyone interested in the art and science of doing business!

On the second Monday of each month, Javelina CEO Catherine Alonzo leads a discussion of a business book at Changing Hands Phoenix, home of our First Draft Book Bar. Ranging from how to build and scale a business to how to lead a team, you'll read business book classics as well as new hits. (And get 20% off when you purchase the selection of the month at Changing Hands.)


ABOUT THE BOOK

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 “an idea meritocracy that strives to achieve meaningful work and meaningful relationships through radical transparency.” 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 “radical truth” and “radical transparency,” 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 “baseball cards” 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 “the Steve Jobs of investing” and “the philosopher king of the financial universe” (CIO magazine), is a rare opportunity to gain proven advice unlike anything you’ll find in the conventional business press.


 
Principles: Life and Work Cover Image
$24.00
ISBN: 9781501124020
Availability: On Our Shelves Now
Published: Simon & Schuster - September 19th, 2017

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