korrents · books

Principles: Life and Work (Simon & Schuster, 2017)

Ray Dalio · c. 2017

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Ray Dalio did not write this page.

Every claim below was made in this book, quoted word for word and numbered in the order the piece makes them, so you can read it there rather than take our word for it. The book prints chapter headings its extracted text does not preserve, so the claims below are in the book's order but not grouped. The sentence above each quote is our reading of the claim, not their wording. Each quote was checked against a stored copy of the page at build time; where the two differ, the quote is the fact.

Our reading
Principles are fundamental truths that ground behavior that gets you what you want

Their wordsPrinciples are fundamental truths that serve as the foundations for behavior that gets you what you want out of life.
Our reading
Don't confuse what you wish were true with what is true

Their wordsDon’t confuse what you wish were true with what is really true.
Our reading
The key to success is to strive for a lot and fail well

Their wordsI believe that the key to success lies in knowing how to both strive for a lot and fail well.
Our reading
In markets you need aggression to make money and defense to keep it

Their wordsIf you are not aggressive, you are not going to make money, and if you are not defensive, you are not going to keep money.
Our reading
Everyone who has made money trading has gone through horrendous pain

Their wordsI believe that anyone who has made money in trading has had to experience horrendous pain at some point.

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Encheiridion of Epictetus, as recorded by Arrian Epictetus · c. 89–135 CE 1 claim worded alike

Found from what the books talk about: claims worded alike in the archive's hourly pass, and subjects both are filed under. It is not a judgement that they agree — related books often argue the opposite. All books

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