NEW YORK, March 13, 2017 /PRNewswire/ -- Simon & Schuster announced today that it will publish Principles by Ray Dalio in September 2017. The book, focusing on Dalio's unconventional approach to life and work through "radical truth" and "radical transparency," will be followed by a second volume focusing on economics and investing at a date to be determined. Rights to both volumes of Principles were acquired by Jofie Ferrari-Adler, Executive Editor of Simon & Schuster, from James Levine of Levine Greenberg Rostan Literary Agency, and will be published simultaneously in hardcover, e-book, CD, and digital audio formats.
"These principles are the reason behind whatever success I've had," says Dalio. "I learned them over a lifetime of making mistakes and reflecting on them. At this stage in my life the most important thing I can do is pass them along to others."
Ray Dalio is the founder and co-chairman of Bridgewater Associates, and one of the world's most successful investors and entrepreneurs. Founded in 1975 out of Dalio's two-bedroom apartment in New York, Bridgewater has made more money for clients than any other hedge fund in history (LCH Investments) and has grown into the fifth most important private company in the United States (Fortune). Dalio himself has been named to Time's list of the 100 most influential people in the world. At the outset of his career, Dalio began developing a set of unique principles that he credits as the key driver behind his success. These principles form the basis of Bridgewater's culture, which he describes as "an idea meritocracy that strives to achieve meaningful work and meaningful relationships through radical truth and radical transparency." Begun decades ago as an internal company document and posted online in 2011, the original Principles PDF has been downloaded over three million times.
In 2014, Dalio began to overhaul Principles for a general audience. The first volume that comes out in September will focus on life and work and include Dalio's account of his personal history and career—warts and all—making it one of the most authentic portraits of how a brilliant financial mind works. The book's hundreds of practical lessons 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 its 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. The result, from a man commonly called "the Steve Jobs of investing," is a rare opportunity for readers to gain proven advice unlike anything they will find in the conventional business press.
For more information, visit Principles.com.
Simon & Schuster, a part of CBS Corporation, is a global leader in the field of general interest publishing, dedicated to providing the best in fiction and nonfiction for consumers of all ages, across all printed, electronic, and audio formats. Its divisions include Simon & Schuster Adult Publishing, Simon & Schuster Children's Publishing, Simon & Schuster Audio, Simon & Schuster Digital, and international companies in Australia, Canada, India, and the United Kingdom. For more information, visit our website at www.simonandschuster.com.
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SOURCE Bridgewater Associates