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Ray Dalio's Top Book Recommendations

Founder/Bridgewater Associates

Want to know what books Ray Dalio recommends on their reading list? We've researched interviews, social media posts, podcasts, and articles to build a comprehensive list of Ray Dalio's favorite book recommendations of all time.

1
How did the replication bomb we call ”life” begin and where in the world, or rather, in the universe, is it heading? Writing with characteristic wit and an ability to clarify complex phenomena (the New York Times described his style as ”the sort of science writing that makes the reader feel like a genius”), Richard Dawkins confronts this ancient mystery. less
Recommended by Ray Dalio, and 1 others.

Ray DalioThe book I’d give [every graduating senior in college or high school] would be [...] 'River From Eden' by Richard Dawkins. Another very short book on evolution, it just really puts things in perspective. (Source)

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2
Instant New York Times Bestseller

A simple, straightforward exploration of Transcendental Meditation and its benefits from world authority Bob Roth.

Oprah Winfrey and Jerry Seinfeld. Ray Dalio and Ellen DeGeneres. Gwyneth Paltrow and Howard Stern. Tom Hanks and Gisele Bündchen.

What do they have in common? The answer is a Transcendental Meditation teacher named Bob Roth, who has spent the past forty-five years helping many thousands of people access their innate creativity and power through this simple, nonreligious...
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Recommended by Ray Dalio, and 1 others.

Ray DalioI have meditated for 49 years and know TM leading light Bob Roth personally, so I can endorse listening to him if you’re interested in meditation. If you’re not, you’re overlooking the most powerful path to equanimity, creativity, and good decision making I know. PS - I suggest his book “Strength in Stillness”. (Source)

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3
Never before translated into English, the Manimekhalai is one of the great classics of Indian culture. less
Recommended by Ray Dalio, and 1 others.

Ray DalioThe book was given to me, ‘cause people know that I like that stuff. (Source)

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4
The noted research psychiatrist and New York Times-bestselling author explores how Transcendental Meditation permanently alters your daily consciousness, resulting in greater productivity, emotional resilience, and aptitude for success.

Most of us believe that we live in only three states of consciousness: wakefulness, sleep, and dreaming. But there is so much more.

In Super Mind, clinical psychiatrist and bestselling author Norman E. Rosenthal, M.D., shows how the incredibly simple daily practice of Transcendental Meditation (TM) can permanently...
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Recommended by Ray Dalio, and 1 others.

Ray DalioIt gives you an equanimity, a centeredness, a calmness — so that you can thoughtfully deal with things in a better way without being emotionally hijacked. [Meditation is] very powerful. It gave me an equilibrium that really helped me. (Source)

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5
The legendary investor shows how to identify and master the cycles that govern the markets.

We all know markets rise and fall, but when should you pull out, and when should you stay in? The answer is never black or white, but is best reached through a keen understanding of the reasons behind the rhythm of cycles. Confidence about where we are in a cycle comes when you learn the patterns of ups and downs that influence not just economics, markets and companies, but also human psychology and the investing behaviors that result.

If you study past cycles, understand...
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Warren BuffettWhen I see memos from Howard Marks in my mail, they’re the first thing I open and read. I always learn something, and that goes double for his book. (Source)

Charlie MungerI always say, ‘There’s no better teacher than history in determining the future.’ Howard’s book tells us how to learn from history . . . and thus get a better idea of what the future holds. (Source)

Ray DalioHoward Marks’s Mastering the Market Cycle is a must-read, because the cycles covered in this book are important and because Howard is one of the investing greats of his generation. (Source)

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6

The Lessons of History

Will Durant once wrote that "most history is guessing, & the rest is prejudice." Now, 33 years later, the Durants, in this peroration to their monumental "Story of Civilization," look back to record the lessons & conclusions of their 10-volume excursion into human folly & achievement--&, coincidentally, to determine what value historical guesswork & historians' predispositions may have in understanding the nature of humanity. Their reflections are thematic in nature, discussing the influence & effect upon history of certain qualities, institutions & movements:... more

Ray DalioThe book I’d give [every graduating senior in college or high school] would be 'Lessons From History'. This is the Durants, they were maybe the greatest historians of all time. Anyway, of 5,000 years of history, probably wrote 5,000 pages on it, and they took this book - I think it’s 104 pages - and they took the themes of history, it could be from religion, natural resources, who knows, each one... (Source)

Naval RavikantGreat book. I really like how it summarizes some of the larger themes of history. Very incisive and, unlike most history books, is actually kind of small and it covers a lot of ground. (Source)

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7

The Hero With a Thousand Faces

The first popular work to combine the spiritual and psychological insights of modern psychoanalysis with the archetypes of world mythology, the book creates a roadmap for navigating the frustrating path of contemporary life. Examining heroic myths in the light of modern psychology, it considers not only the patterns and stages of mythology but also its relevance to our lives today--and to the life of any person seeking a fully realized existence.

Myth, according to Campbell, is the projection of a culture's dreams onto a large screen; Campbell's book, like Star Wars, the...

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Ray DalioThe book I’d give [every graduating senior in college or high school] would be [...] Joseph Campbell’s 'Hero of a Thousand Faces'. It's little bit dense but it’s so rich, so it’s a good one. (Source)

Darren Aronofsky[I'm] totally part of his cult. Because I believe in that hero’s journey. (Source)

Kyle RussellBook 28 Lesson: Embedded in human psychology (and the resulting symbolism we find compelling) is a wish for our struggles to be meaningful, for our suffering to have value, for our effort to pay off for ourselves and those we love - and to then be recognized for it. https://t.co/lWgr4k7d8Y (Source)

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