Ray Dalio shares 'Principles' with China

By Zhang Rui
0 Comment(s)Print E-mail China.org.cn, June 21, 2018
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Ray Dalio, the founder of Bridgewater Associates, published his new book "Principles" in China and young director Ye Fei shares insights on the billionaire investor and the book in her short documentary.

"Ray has always been my role model, and I know his character and some of his personal stories with China, so I was very honored when he asked me to do this in February," Ye Fei told China.org.cn. "I also knew I would be able to do a fair job in creating an insightful story on the thought process behind 'Principles' and how it could influence Chinese entrepreneurs."

"Principles" was published in China by CITIC Press Group in January and Dalio was in Beijing to attend a book launch ceremony to exchange thoughts with friends, fellow Chinese entrepreneurs and others in various levels and fields. 

The New York Times bestseller shares his unconventional principles which helped the investor create unique results in life and business -- and which any person or organization can adopt to better achieve their goals. Dalio's original "Principles" has been downloaded more than 3 million times, and this expanded and revised edition is the first version available in print.

Ray Dalio and director Ye Fei [Photo/ China.org.cn]

"Actually it was very simple when I first made trades in the market, I thought by writing down why I made that decision, I would be able to then reflect on that decision after I closed the position and think better. That gave me perspective, and then I discovered that whenever I would make decisions and I would write down those criteria, I was also able to communicate well with people who I worked with as to how we would make our decisions," Dalio said.

Director Ye followed Ray during his entire trip in Beijing. By observing him interacting with people of all backgrounds, Ye saw that he truly cares about passing his principles down to the next generation and really hopes to influence the Chinese people. 

"No matter how tired he was, he would answer every question from people and made sure that every detail of the preparations for panel discussions or speeches were well customized for the respective audience. He is a humble man who is truly passionate about his values," she said.

His Chinese audience does understand it. For Yu Minhong, founder and president of the New Oriental Education & Technology Group, Dalio is brilliant. "He constantly refines his work and life principles through experience. That's what makes him more exceptional than other successful entrepreneurs that I know," Yu said in the documentary film. 

Gao Xiqing, Professor of Law at Tsinghua University's Law School, added, "Today, this world is moving definitely towards a much more flat, equal and democratic way of running things. Therefore, his wisdom will bring a lot more guidance to people rather than still thinking in the old ways, the 2,000-year-old ways."

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