3 Brilliant Books Recommended By Billionaire Investor Ray Dalio
Prepare to be blown away like I was!
Ray Dalio is an American investor and founder of the world’s largest hedge fund, Bridgewater Associates.
Not only is Ray extremely well respected and a legend in the world of business and investing, but he’s also an inspiring example of wisdom and perseverance (you can read more about his story here)
In this article, I’m going to share some of Ray Dalio’s favourite books, and let me tell you his taste is exceptional.
So without further ado, let’s get into it…
Sapiens: A Brief History of Humankind by Yuval Noah Harari
Sapiens, written by Professor and Medieval historian Yuval Noah Harari, is a multi-million copy best-selling book and is regarded as one of the best non-fiction books in recent times.
In Sapiens, Harari goes a long way into exploring some of the central questions of human evolution such as why we homo sapiens have become the most dominant species, why language has developed in the manner it has, and so much more.
Ray Dalio is an open-minded and curious guy, so it’s easy to see why he recommends Sapiens.
It’s the perfect book for anyone who wants to know why things are the way they are and how human beings have developed over the past 100,000 years.
Here are a few quotes from Sapiens…
“You could never convince a monkey to give you a banana by promising him limitless bananas after death in monkey heaven.”
“How do you cause people to believe in an imagined order such as Christianity, democracy or capitalism? First, you never admit that the order is imagined.”
“History is something that very few people have been doing while everyone else was ploughing fields and carrying water buckets.”
Thinking, Fast and Slow by Daniel Kahneman
Thinking Fast and Slow was written by Israeli — American psychologist and Nobel Prize winner Daniel Kahneman.
In Thinking, Fast and Slow, Kahneman introduces us to the two systems that direct and control the way we think.
For a brief explanation, there is System One which controls our emotional and fast side of our thinking, and on the other hand, there is System Two which controls our more logical, slower kind of thinking.
For investors such as Ray Dalio, decision-making is crucial and there’s no room for rash, unthoughtful thinking.
So for all you investors out there, you should seriously consider reading Thinking, Fast and Slow to see how you can improve your decision-making too, and harness the power of slow thinking.
Here are a few quotes from Thinking, Fast and Slow…
“Nothing in life is as important as you think it is, while you are thinking about it”
“If you care about being thought credible and intelligent, do not use complex language where simpler language will do.”
“A reliable way to make people believe in falsehoods is frequent repetition, because familiarity is not easily distinguished from truth. Authoritarian institutions and marketers have always known this fact.”
Originals: How Non-Conformists Move the World by Adam Grant
Originals is a New York Times best-selling book, written by American organizational psychologist and author Adam Grant.
In Originals, Grant outlines how super successful people, past and present, have become original thinkers and innovators by challenging what we call ‘the normal’ and taking calculated risks in doing so.
The book also gives us an insight into the personalities, the thought patterns, and habits into that make someone an original thinker.
In many respects, Dalio is an ‘original’ himself and lives a very different kind of life from many other successful investors.
There’s a small section in the book all about Dalio too which is super interesting too, so be sure to check it out!
Here are a few quotes from Originals…
“In the deepest sense of the word, a friend is someone who sees more potential in you than you see in yourself, someone who helps you become the best version of yourself.”
“Argue like you’re right and listen like you’re wrong.”
“Being original doesn’t require being first. It just means being different and better.”
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