For years, Ray Dalio has lived the spirit of radical transparency, offering his philosophy of life and work to all in the form of a free PDF on his website. After all, would not the world be a better place if everyone just stripped down to the skin (metaphorically!) and lived by such Principles as, “trust in truth,” “have integrity and demand it from others,” “don’t treat all opinions as equally valuable,” “constantly compare your outcomes to your goals,” “don’t let people off the hook,” “evaluate people accurately, not ‘kindly,’” and "firing people isn’t such a big deal." What better way to get the whole world living Principled lives than to give it to people free of charge? Especially when you are a billionaire many times over and don't need the money?
Well, that was all well and good before people like us started having fun with Dalio’s Principles and pointing out that videotaping a sexual harassment claim and then screening it for the whole company was, perhaps, a bit untoward. So you want to live the kind of good, highly-remunerative life that Ray Dalio’s living? From now on, you’re gonna have to pay him $30 for it. No word yet on whether the principle of radical transparency has survived Dalio’s encounter with the unfair, unkind yellow journalists of The New York Times and Wall Street Journal.
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….
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.