PRINCIPLES by Ray Dalio

Principles: Life and Work by Ray Dalio, No. 1 bestselling book of New York Times Best Sellers.

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Principles: Life and Work

by: Ray Dalio
No. 1 Best Seller on Saturday, October 7, 2017.
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“Significant…The book is both instructive and surprisingly moving.” —The New York Times

Ray 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 “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.

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Recent New York Times Best Selling Books

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1. How to Be a Bawse: A Guide to Conquering Life

by: Lilly Singh
No. 1 Best Seller on Friday, May 5, 2017.
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From the 2017 People’s Choice Award winner for Favorite YouTube Star comes the definitive guide to being a bawse: a person who exudes confidence, hustles relentlessly, and smiles genuinely because he or she has fought through it all and made it out the other side.

Lilly Singh isn’t just a superstar. She’s Superwoman—which is also the name of her wildly popular YouTube channel. Funny, smart, and insightful, the actress and comedian covers topics ranging from relationships to career choices to everyday annoyances. It’s no wonder she’s garnered more than a billion views. But Lilly didn’t get to the top by being lucky—she had to work for it. Hard.

Now Lilly wants to share the lessons she learned while taking the world by storm, and the tools she used to do it. How to Be a Bawse is the definitive guide to conquering life. Make no mistake, there are no shortcuts to success, personal or professional. World domination requires real effort, dedication, and determination. Just consider Lilly a personal trainer for your life—with fifty rules to get you in the game, including

• Let Go of FOMO (Fear of Missing Out): Temptation will try to steer you away from your goals. FOMO is just a test of your priorities, a test that a bawse is ready to pass.
• Be Nice to People: Treat niceness like an item on your daily to-do list. People will go out of their way to help and support you because you make them feel good.
• Schedule Inspiration: Lack of motivation isn’t permanent or a sign of weakness. Expect it and proactively schedule time to be creative.
• Be the Dumbest: Challenge yourself by surrounding yourself with people who know more than you do. It’s a vital way to learn and improve.

Told in Lilly’s hilarious, bold voice and packed with photos and candid stories from her journey to the top, How to Be a Bawse will make you love your life and yourself—even more than you love Beyoncé. (Yes, we said it!)

WARNING: This book does not include hopeful thoughts, lucky charms, or cute quotes. That’s because success, happiness, and everything else you want in life need to be worked for, not wished for. In Lilly’s world, there are no escalators, only stairs. Get ready to climb.

Praise for How to Be a Bawse

“Singh segues from her inspirational and uber-watched YouTube videos to essays on how to become a bawse, that is, a supremely self-confident person. She’s been named one of Time’s 2016 ’30 Most Influential People on the Internet,’ Variety’s ’10 Comics To Watch for 2016,’ Forbes’s ’30 Under 30,’ Vogue’s ‘8 YouTube Stars That Are Taking Over the World,’ and more.”Library Journal

“Lilly is a bona fide #girlboss, boss, and bawse. Her meteoric rise has come with so many incredible lessons that we are all lucky to have access to. This book is a must-have for the hustler in all of us.”—Sophia Amoruso, founder and CEO, Girlboss

2. Unshakeable: Your Financial Freedom Playbook

by: Tony Robbins
No. 1 Best Seller on Friday, March 31, 2017.
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After interviewing fifty of the world’s greatest financial minds and penning the #1 New York Times bestseller Money: Master the Game, Tony Robbins returns with a step-by-step playbook, taking you on a journey to transform your financial life and accelerate your path to financial freedom. No matter your salary, your stage of life, or when you started, this book will provide the tools to help you achieve your financial goals more rapidly than you ever thought possible.

Robbins, who has coached more than fifty million people from 100 countries, is the world’s #1 life and business strategist. In this book, he teams up with Peter Mallouk, the only man in history to be ranked the #1 financial advisor in the US for three consecutive years by Barron’s. Together they reveal how to become unshakeable—someone who can not only maintain true peace of mind in a world of immense uncertainty, economic volatility, and unprecedented change, but who can profit from the fear that immobilizes so many.

In these pages, through plain English and inspiring stories, you’ll discover…

-How to put together a simple, actionable plan that will deliver true financial freedom.

-Strategies from the world’s top investors on how to protect yourself and your family and maximize profit from the inevitable crashes and corrections to come.

-How a few simple steps can add a decade or more of additional retirement income by discovering what your 401(k) provider doesn’t want you to know.

-The core four principles that most of the world’s greatest financial minds utilize so that you can maximize upside and minimize downside.

-The fastest way to put money back in your pocket: uncover the hidden fees and half truths of Wall Street—how the biggest firms keep you overpaying for underperformance.

-Master the mindset of true wealth and experience the fulfillment you deserve today.

3. Tools of Titans: The Tactics, Routines, and Habits of Billionaires, Icons, and World-Class Performers

by: Timothy FerrissRemie GeoffroiArnold Schwarzenegger
No. 1 Best Seller on Saturday, February 4, 2017.
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The latest groundbreaking tome from Tim Ferriss, the #1 New York Times best-selling author of The 4-Hour Workweek.
 
From the author:
 
“For the last two years, I’ve interviewed more than 200 world-class performers for my podcast, The Tim Ferriss Show. The guests range from super celebs (Jamie Foxx, Arnold Schwarzenegger, etc.) and athletes (icons of powerlifting, gymnastics, surfing, etc.) to legendary Special Operations commanders and black-market biochemists. For most of my guests, it’s the first time they’ve agreed to a two-to-three-hour interview. This unusual depth has helped make The Tim Ferriss Show the first business/interview podcast to pass 100 million downloads.
 
“This book contains the distilled tools, tactics, and ‘inside baseball’ you won’t find anywhere else. It also includes new tips from past guests, and life lessons from new ‘guests’ you haven’t met.
 
“What makes the show different is a relentless focus on actionable details. This is reflected in the questions. For example: What do these people do in the first sixty minutes of each morning? What do their workout routines look like, and why? What books have they gifted most to other people? What are the biggest wastes of time for novices in their field? What supplements do they take on a daily basis?
 
“I don’t view myself as an interviewer. I view myself as an experimenter. If I can’t test something and replicate results in the messy reality of everyday life, I’m not interested.
 
“Everything within these pages has been vetted, explored, and applied to my own life in some fashion. I’ve used dozens of the tactics and philosophies in high-stakes negotiations, high-risk environments, or large business dealings. The lessons have made me millions of dollars and saved me years of wasted effort and frustration.
 
“I created this book, my ultimate notebook of high-leverage tools, for myself. It’s changed my life, and I hope the same for you.”

4. The Magnolia Story (with Bonus Content)

by: Chip GainesJoanna GainesMark Dagostino
No. 1 Best Seller on Saturday, January 7, 2017.
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This eBook includes the full text of the book plus an exclusive additional chapter from Chip and Joanna that is not found in the hardcover!

Are you ready to see your fixer upper?

These famous words are now synonymous with the dynamic husband-and-wife team Chip and Joanna Gaines, stars of HGTV’s Fixer Upper. As this question fills the airwaves with anticipation, their legions of fans continue to multiply and ask a different series of questions, like—Who are these people?What’s the secret to their success? And is Chip actually that funny in real life? By renovating homes in Waco, Texas, and changing lives in such a winsome and engaging way, Chip and Joanna have become more than just the stars of Fixer Upper, they have become America’s new best friends.

The Magnolia Story is the first book from Chip and Joanna, offering their fans a detailed look at their life together. From the very first renovation project they ever tackled together, to the project that nearly cost them everything; from the childhood memories that shaped them, to the twists and turns that led them to the life they share on the farm today.

They both attended Baylor University in Waco. However, their paths did not cross until Chip checked his car into the local Firestone tire shop where Joanna worked behind the counter. Even back then Chip was a serial entrepreneur who, among other things, ran a lawn care company, sold fireworks, and flipped houses. Soon they were married and living in their first fixer upper. Four children and countless renovations later, Joanna garners the attention of a television producer who notices her work on a blog one day.

In The Magnolia Story fans will finally get to join the Gaines behind the scenes and discover:

  • The time Chip ran to the grocery store and forgot to take their new, sleeping baby
  • Joanna’s agonizing decision to close her dream business to focus on raising their children
  • When Chip buys a houseboat, sight-unseen, and it turns out to be a leaky wreck
  • Joanna’s breakthrough moment of discovering the secret to creating a beautiful home
  • Harrowing stories of the financial ups and downs as an entrepreneurial couple
  • Memories and photos from Chip and Jo’s wedding
  • The significance of the word magnolia and why it permeates everything they do
  • The way the couple pays the popularity of Fixer Upper forward, sharing the success with others, and bolstering the city of Waco along the way

And yet there is still one lingering question for fans of the show: Is Chip really that funny? “Oh yeah,” says Joanna. “He was, and still is, my first fixer upper.”

5. The Upside of Inequality: How Good Intentions Undermine the Middle Class

by: Edward Conard
No. 1 Best Seller on October 2, 2016.
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The scourge of America’s economy isn’t the success of the 1 percent—quite the opposite. The real problem is the government’s well-meaning but misguided attempt to reduce the payoffs for success.
 
Four years ago, Edward Conard wrote a controversial bestseller, Unintended Consequences, which set the record straight on the financial crisis of 2008 and explained why U.S. growth was accelerating relative to other high-wage economies. He warned that loose monetary policy would produce neither growth nor inflation, that expansionary fiscal policy would have no lasting benefit on growth in the aftermath of the crisis, and that ill-advised attempts to rein in banking based on misplaced blame would slow an already weak recovery. Unfortunately, he was right.
 
Now he’s back with another provocative argument: that our current obsession with income inequality is misguided and will only slow growth further.
 
Using fact-based logic, Conard tracks the implications of an economy now constrained by both its capacity for risk-taking and by a shortage of properly trained talent—rather than by labor or capital, as was the case historically. He uses this fresh perspective to challenge the conclusions of liberal economists like Larry Summers and Joseph Stiglitz and the myths of “crony capitalism” more broadly.
 
Instead, he argues that the growing wealth of most successful Americans is not to blame for the stagnating incomes of the middle and working classes. If anything, the success of the 1 percent has put upward pressure on employment and wages.
 
Conard argues that high payoffs for success motivate talent to get the training and take the risks that gradually loosen the constraints to growth. Well-meaning attempts to decrease inequality through redistribution dull these incentives, gradually hurting not just the 1 percent but everyone else as well.
 
Conard outlines a plan for growing middle- and working-class wages in an economy with a near infinite supply of labor that is shifting from capital-intensive manufacturing to knowledge-intensive, innovation-driven fields. He urges us to stop blaming the success of the 1 percent for slow wage growth and embrace the upside of inequality: faster growth and greater prosperity for everyone.

Last updated on Sunday, October 8, 2017