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Ray Dalio

@RayDalio

16 Feb

If you and others don't raise your perspectives, there’s no way you will resolve your disputes. You can surface the areas of disagreement informally or put them on a list to go over. (1/4)

I personally like to do both, though I encourage people to list their disagreements in order of priority so I/we can more easily direct them to the right party at the right time. (2/4)

The nubbiest questions (the ones that there is the greatest disagreement about) are the most important ones to thrash out, as they often concern diﬀerences in people’s values or their approaches to important decisions. (3/4)

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Ray Dalio

@RayDalio

5 Feb

People who achieve success and drive progress deeply understand the cause-effect relationships that govern reality and have principles for using them to get what they want. (1/4)

The converse is also true: Idealists who are not well grounded in reality create problems, not progress. What does a successful life look like? We all have our own deep-seated needs, so we each have to decide for ourselves what success is. (2/4)

I don’t care whether you want to be a master of the universe, a couch potato, or anything else—I really don’t. Some people want to change the world and others want to operate in simple harmony with it and savor life. Neither is better. (3/4)

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Ray Dalio

@RayDalio

2 Feb

@AdamMGrant

I highly recommend @AdamMGrant's new book Think Again. Adam is one the most revered experts in what makes organizations and people successful and he loudly and clearly tells you what is most important... (1/4)

... which is also what I tried to convey in the first two sentences of my book Principles: Life & Work: “Before I begin telling you what I think, I want to establish that I’m a ‘dumb shit’ who doesn’t know much relative to what I need to know. (2/4)

Whatever success I’ve had in life has had more to do with my not knowing how to deal with my not knowing than anything I know.”

Adam’s book is about strategies for “knowing what you don’t know” and figuring out how to find it. (3/4)

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Ray Dalio

@RayDalio

26 Jan

If they choose to have a primarily win-win cooperative-competitive relationship, they must take into consideration what is really important to the other and try to give it to them in exchange for them reciprocating. (1/6)

In that type of win-win relationship, they can have tough negotiations done with respect and consideration, competing like two friendly merchants at a bazaar or two friendly teams at the Olympics. (2/6)

If they choose to have a lose-lose mutually threatening relationship they will primarily think about how they can hurt the other in the hope of forcing the other into a position of fear in order to get what they want. (3/6)

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Ray Dalio

@RayDalio

24 Jan

Back in February, I said I wanted a president who could “bring together our country to face our challenges in a more united and less divisive way.” (1/6)

I wanted someone who would unite people – i.e. who does not view themselves as the leader of the winning side imposing policies the other side would find intolerable. (2/6)

I believe we are on the brink of a terrible civil war (as I described in The Changing World Order series), where we are at an inflection point between entering a type of hell of fighting or pulling back to work together for peace and prosperity... (3/6)

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Ray Dalio

@RayDalio

22 Jan

History has shown that this is the best way to sustain an empire, even one of conquered people. For example, empires that grew the most and lasted the longest did it by sharing the spoils of their successes with those were conquered rather than subjugating them. (1/4)

Conversely, those that prevented those from having what the people held most dear and would fight to the death for, were the quickest to fall. This is an important principle for those who lead to remember. (2/4)

For example, in the United States it would not be wise for the president who was elected by one large segment of the population to use that victory to try to take away from the losers those things that they hold most dear. (3/4)

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