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Ray Dalio Profile picture
@RayDalio
Sep 23, 2020 • 4 tweets • 1 min read • Read on X
Now that my app Principles in Action is available on Android & iOS in the US, UK, Spain, India, and Germany, I want to highlight the real life cases that are available within the app. They will show you the principles in action at Bridgewater via a Case of the Week. (1/4) Image
If you were already using the app via iOS, you might have gone through these cases already. As we resurface this content for our new users, we'd love to hear your feedback and thoughts on the cases – I hope you'll share them here. (2/4)
While fear often leads people to hide their weaknesses, openly exploring them is an essential part of personal development. (3/4)
In this week's Case of the Week, you'll see how getting past the fear of giving and receiving direct feedback has helped others grow to their full potential. Check it out in the free app, Principles In Action: principles.app.link/2wsd2J57P8 (4/4)

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More from @RayDalio

Ray Dalio Profile picture
Apr 5, 2023
Trainees must be open-minded; the process requires them to suspend their egos while they discover what they are doing well and what they are doing poorly and decide what to do about it. #principleoftheday (1/4) Image
The trainer must be open-minded as well, and it's best if at least two believable trainers work with each trainee in order to triangulate their views about what the trainee is like. (2/4)
This training is an apprentice relationship; it occurs as the trainer and trainee share experiences, much like when a ski instructor skis alongside his student. (3/4)
Read 4 tweets
Ray Dalio Profile picture
Apr 4, 2023
The evolutionary process is about discovering people's likes and dislikes as well as their strengths and weaknesses; it occurs when people are put into jobs they are likely to succeed at, but in which they have to stretch themselves. #principleoftheday (1/8) Image
Each person's career will evolve based on what we all learn about what the person is like. They should be given enough freedom to learn and think for themselves while being coached so they are prevented from making unacceptable mistakes. (2/8)
The feedback they receive should help them reflect on whether their problems are the kind that can be resolved by additional learning or stem from natural abilities that are unlikely to change. (3/8)
Read 8 tweets
Ray Dalio Profile picture
Apr 3, 2023
I'm up for auction. Let me clarify. The Council for Economic Education and I share the goal of helping young people and adults understand money and economics. We believe this skill that is fundamental to their well-being is neglected. (1/4)
CEE works with K-12 students, their families and teachers through their teaching and I work with everyone who wants to gain that knowledge through my books, video and social media. (2/4)
To raise money they are auctioning me—or more precisely a lunch with me—in New York City for the winning bidder and up to two guests. (3/4)
Read 4 tweets
Ray Dalio Profile picture
Mar 17, 2023
Idealistic people who have moralistic notions about how people should behave without understanding how people really do behave do more harm than good. #principleoftheday (1/5)
As a global macroeconomist and businessman and as a philanthropist I have seen this repeatedly in all those domains. (2/5)
I have come to believe that as well-intentioned as they are, impractical idealists are dangerous and destructive, whereas practical idealists make the world a better place. (3/5)
Read 5 tweets
Ray Dalio Profile picture
Mar 16, 2023
There are all sorts of jobs and they require all types of people to handle them. #principleoftheday (1/5)
I am frequently biased toward finding the entrepreneur type--a clever, open-minded scrapper who will find the best solution--and I have often been disappointed. (2/5)
On the other hand, sometimes I have found a master craftsman who has devoted decades to his specialty who I could completely rely on. (3/5)
Read 5 tweets
Ray Dalio Profile picture
Mar 12, 2023
People's personalities are pretty well formed before they come to you, and they've been leaving their fingerprints all over the place since childhood; anyone is fairly knowable if you do your homework. #principleoftheday (1/4) Image
You have to get at their values, abilities, and skills: Do they have a track record of excellence in what you're expecting them to do? Have they done the thing you want them to do successfully at least three times? (2/4)
If not, you're making a lower-probability bet, so you want to have really good reasons for doing so. That doesn't mean you should never allow yourself or others to do anything new; of course you should. But do it with appropriate caution and with guardrails. (3/4)
Read 4 tweets

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