No bullshit. “Sometimes I wonder whether the world is being run by smart people who are putting us on or by imbeciles who really mean it.”, “In a hierarchy, every employee tends to rise to his level of incompetence.”. I read this book again because it has been recommended to me as the “best book on learning how to be effective.” So far, I agree. I would say I would rate it with 4.5, but when I was editing my notes I realized the big number of notes I had and decided to go for 5 stars.
There are some really interesting ideas in this book and makes me wonder if there are other companies and organizations that pursue "idea meritocracy" out there in the world. Some good insights but too repetitive at times. Tragically, sarcastically, entertainingly accurate. The first book tells the story of Dalioâs career and explains his overarching approach to life using principles that affect everything he doesâmost importantly, how he pursues meaningful work and meaningful relationships. At that point they have reached their "final placement." The practical guide to evaluating nonprofit financial health, policies, and risk management. This Book is the Road Map to make this Seemingly Impossible Task Achievable. It was so simple but it would be such a breakthrough if the theory worked as well in practice as it did on paper.
For young, independent readers (ages 7+), The Principles of Our World book series is a great addition to their book collection.
Responsible Parties can overrule believability-weighted voting but only at their peril. Let us know what’s wrong with this preview of, Published ", "of all approaches to decision making, an idea meritocracy is the best.40 It’s almost too obvious to warrant saying, but I will anyway: Knowing what you can and cannot expect from each person and knowing what to do to make sure the best ideas win out are the best way to make decisions. He died in 1990. Good general principles, with somewhat weak reasoning behind them, and a sprinkle of self promotion in between. “Principles is the book I wish I had as a young Entrepreneur ” Mark Cuban “Principles by Ray Dalio is a masterpiece — It’s a must read!
Laurence J. Peter was born in Canada and received an EdD from Washington State University. This site is not viewable without JavaScript, and your browser
Thank you, Ray. What if your life story is bigger than you think? Does anyone not know this? Furthermore, some people are fired for their incompetence. Overall, Peter seemed cynical about work and people's competence, and I suppose that I'm either too idealistic or too influenced by the Reformed doctrine of vocation (or both) to be as cynical as Peter is. Furthermore, some people are fired for their incompetence. It's a teeny-tiny book written by 3 men. Impressive. Want to stop procrastinating? I picked it up because it seemed to be so popular, and I sometimes get pulled into that trap for some reason. Because I don’t think most people are reading it like that, I am worried that this book will do more harm than good.
This book is really an instructional manual for the clueless, or the nerdy, or people who have spent their lives staring at their mobile phones. Discover the key success principles that will transform your life. Highly recommend the printed book, it's beautifully designed and worth the higher price tag. The oft cited principle and the book.
I really love this book: very interesting to read with several real life case studies that are sometime hilarious.
As you read this book, you feel as if you are talking with Ray in his office or in a restaurant. We then capture these pictures in Baseball Cards, which are a simple way of presenting a person’s strengths and weaknesses and the evidence behind them (in much the same way as a baseball card does for a professional baseball player).
You have to come up with a more objective set of metrics. Rather, they will remain in their positions.
Read a summary & save yourself the time. I mostly find myself agreeing with him. currently has JavaScript disabled.
Growing up my father would always talk about the Peter Principle, and how we were doomed to be surrounded by incompetent people.
But once that happens, they usually won't be demoted unless they're exceptionally incompetent.
I'm always interested to read how smart people think, but I found this book somewhat baffling.
Plus, it's a funny thing in America that we hold up people who have made a lot of money through the finance world as models for us to look up to, a la Warren Buffett. This is a wonderful induction into his attitudes towards people and business, and would be a perfect read for someone wanting to start a business. If you look around on how business's grow and eventually fail, and how people get promoted and promoted until they achieve a level where they reach a level of incompetence, this book explains it all.
It should indeed be about finding the truth, and being radically transparent and honest in this worthwhile quest. Welcome back. So far, managing team members has been the most challenging part of my duties, and this book pretty much covers solutions to these challenges. For these reasons, we can comfortably situate this book with other autobiographies/life lesson books. Economics 101 in a short, easy to follow animated video.
", "That simple chart struck me with the same force I imagine Einstein must have felt when he discovered E=mc2: I saw that with fifteen to twenty good, uncorrelated return streams, I could dramatically reduce my risks without reducing my expected returns.
I think Dario is fond of categorization and pattern identification (perhaps from his work as an investor) - but such organization is more suited to a text book rather than a self-help. Think about those criteria when you have an outcome to assess, and refine them before the next “one of those” comes along. I'm not entirely sure why this book made waves. I guess it is that good lives and good companies have principles that are evaluated with experience. Let us know what’s wrong with this preview of, Published
Employees are promoted to positions in which they are no longer competent, and there they remain. That gives the book some of its charm. Write the criteria down as a principle. Previous page of related Sponsored Products. Common, creative, comical, classic!
To Ray Dalio, the best idea is the one that feeds off the best ideas. Abstract: What follows are three distinct parts that can be read either independently or as a connected whole.
I guess it is that good lives and good companies have principles that are evaluated with experience. The second book explains the unusual way Dalio ran Bridgewater Associates for over 40 years, and how the firmâs unique approach to working together led to its unique results. Easy reading. In addition, I noticed the vague use of terms such as 'algorithms' and 'AI' throughout the book. Despite being written nearly 50 years ago, the accuracy of Peter's skewering managerial observations is still on point.
This book is a classic and essential reading for anyone who wants to know how the world works. After slogging through this "book" - and I use the term loosely - I found myself asking: Does Ray Dalio sincerely believe the drivel he has written, or is "Principles" merely a clever ploy to test the general public's apparently insatiable appetite for bullshit? Anybody who has felt like their boss is completely incompetent will certainly get a kick out of this light, breezy read. Please try again. Please enable JavaScript and Start by marking “Principles: Life and Work” as Want to Read: Error rating book. Basically, Peter says, if workers do well (and especially if they have "pull"), they will keep being promoted until they reach a point where they can no longer do their job well. I like Ray, but this book made me cringe.
On the principle that employees are promoted to positions of increasing complexity and responsibility until they can no longer perform their jobs, at which point they remain indefinitely in the position at which they are incompetent, Peter concludes: "Work is accomplished by those employees who have not yet reached their level of incompetence."
Already, I am using an "issues log", designing experiments, seeing every failure I make and every success I achieve as artifacts to analyze. 4.75 rounded up to 5. Plus, it's a funny thing in America that we hold up people who have made a lot of money through the finance world as models for us to look up to, a la Warren Buffett. To get your copy of Principles now, visit one of the other retailers or reserve your copy with your favorite bookseller to be near the top of their shipping list. Would you like to receive updates on products and events?
To get the free app, enter your mobile phone number. Maturity is the ability to reject good alternatives in order to pursue even better ones.”, Brainwashed: The Seductive Appeal of Mindless Neuroscience, "The key to doing this well is to: 1. The book covers both his personal and professional life so it was surprising how much he opened about in the book. Part 3, explains my management principles as they are being lived out at Bridgewater. That being said it would have been nice to have the pictures in it. The only thing Ray didn't get was that having hundreds of rules is too many to live by. There's also some unsavory details about life as a hedge fund king, such as hiring strippers for company parties.
What I walk away from, though, is that it is difficult to quantify or create an algorithm for success, as m. I picked up this book out of an interest in gaining business insights from a successful entrepreneur and financial leader. This is a wonderful induction into his attitudes towards people and business, and would be a perfect read for someone wanting to start a business. The book, weighing in at nearly 600 pages, begins with the author’s own story, including the rise of Bridgewater Associates, Dalio’s highly successful investment firm. The idea of the Peter Principle is that "In a Hierarchy Every Employee Tends to Rise to His Level of Incompetence." Overall, Peter seemed cynical about work and people's competence, and I suppose that I'm either too idealistic.
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