Thread by @ViaWealthy

Book summary on @RayDalio's Principles: Life and Work.

Everything in life follows patters. These patters can help you beer understand why things happen in a certain way.

To be successful in life you need to be a hyper realist.

It is okay to make mistakes. However, it is not okay to not learn from them

2/n

It is important to be radically open minded and pay attention to other people' perspective as well.

Effecve decision making is contingent upon your ability to learn and then incorporate those learnings to make beer
decisions

3/n

Most people want to be successful in life. In order to be successful, you need to be a hyperrealist. Being a hyperrealist basically means having big dreams but also being realisc about your situation and having the determinaon to pursue your dreams.

4/n

It is a fundamental law that in order to gain strength one has to push one's limits, which can be painful.

It is always beer to go through the pain than to avoid it. The process of change can be painful and can offer many learnings. You should learn to embrace them.

5/n

Think of yourself as a machine that is operang within the larger organisational machinery. Understand that you have the ability to alter your machines to produce better outcomes. By comparing your outcomes with your goals, you can determine how to modify your machine.

6/n

Use the 5-Step Process to Get What You Want Out of Life:

1. Have clear goals
2. Identify and don't tolerate problems
3. Diagnose problems to get at their root causes
4. Design a plan
5. Push through to completion

7/n

All humans have two barriers that stand in the way of their success:

a) Your ego barrier
b) Your two “yous” that fight to control you

8/n

Don't worry about looking good. Worry about achieving your goals. Do not make the environment toxic with a “blame” and “credit” culture. Instead, adopt an “accurate” and “inaccurate” culture at your organization.

9/n

If you can't successfully do something, don't think you can tell others how it should be done.

Hire Right, Because the Penales for Hiring Wrong Are Huge.

Recognize How to Get Beyond Disagreements.

10/n

If you're not worried, you need to worry—and if you're worried, you don't need to worry.

11/n

1) Diagnose Problems to Get to Their Root Causes

2) Do What You Set Out to Do

3) Use Tools and Protocols to Shape How Work Is Done

The biggest threat to good decision making is harmful emoons.

Treat decision making as a two-step process that involves:
Step 1: Learning.
Step 2: Deciding.

-End-

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