In an earlier article, I covered Ray Dalio’s TED Talk where he goes into answering a fundamental question “How do I know I am right?” and the “Dot Collector” process he put in place at Bridgewater Associates. His new book “Principles: Life and Work” is now out. I am about a third into his book and have already started reflecting on my own principles.
According to Ray Dalio, principles allow you to consistently operate and make better decisions quickly . In the book, he goes into the systems that he has designed to shape his life, his work, and the world’s most successful hedge fund.
The book has the most interesting beginning I’ve ever seen- see below.
I will summarize the book in more detail at a later point but for now I highly recommend you read this book.
On to the update…
- My Kindle Highlights From Satya Nadella’s Book “Hit Refresh”
- Transforming Yourself and Your Company: Excellent read with plenty to advice to stay relevant. As leaders, learning to stay still is almost an art.
- How Do You Set Metrics?: Julie Zhou, Product design VP @ Facebook shares really good rules of thumb when thinking about metrics.
- How a Messaging App Challenged Traditional Banks and Captured 45% of the Market: This is a great example of a big-bang disruption where an innovation came out of left field, combining existing mobile platforms and a messaging platform KakaoTalk to achieve a dramatically better value proposition in the field of banking. KakaoBank took close to 45% market share in all new bank accounts opened in August.
- Creating A Customer-Driven Product Machine: Roadmaps solve for the company, not the customer. David Cancel of Hubspot fame talks about building products that truly solve for the customers.
- Apple is Really Bad at Design: This happens when somebody who is supposed to provide a cohesive vision is either not doing their job or spending their time designing a “spaceship” campus.
- The Science Behind Spotify’s Personalized Music Recommendations: If this article got you curious, listen to their Discover Weekly playlist next time you open Spotify.
- Habits vs. Goals: This is a great read from Shane Parrish at Farnam Street Blog. To build really good habit forming products, it is important to understand the power of habits.