Share this page!

Ray Dalio Profile picture
Twitter logo
5 Mar, 4 tweets, 1 min read
If you don’t mind being wrong on the way to being right you’ll learn a lot--and increase your effectiveness. (1/4) Image
But if you can’t tolerate being wrong, you won’t grow, you’ll make yourself and everyone around you miserable, and your work environment will be marked by petty backbiting and malevolent barbs rather than by a healthy, honest search for truth. (2/4)
You must not let your need to be right be more important than your need to find out what’s true. Jeff Bezos described it well when he said, (3/4)
“You have to have a willingness to repeatedly fail. If you don’t have a willingness to fail, you’re going to have to be very careful not to invent.” (4/4)

• • •

Missing some Tweet in this thread? You can try to force a refresh
　

Keep Current with Ray Dalio

Ray Dalio Profile picture

Stay in touch and get notified when new unrolls are available from this author!

Read all threads

This Thread may be Removed Anytime!

PDF

Twitter may remove this content at anytime! Save it as PDF for later use!

Try unrolling a thread yourself!

how to unroll video
  1. Follow @ThreadReaderApp to mention us!

  2. From a Twitter thread mention us with a keyword "unroll"
@threadreaderapp unroll

Practice here first or read more on our help page!

More from @RayDalio

Ray Dalio Profile picture
4 Mar
For example, bringing one’s finances to the point that one’s spending is greater than one’s earnings and one’s assets are greater than one’s liabilities can only be reversed by either working harder or consuming less, which is not easily done.
Still, this cycle needn’t transpire this way if those in their rich and powerful stages stay productive and safe by continuing to work hard and smart, earn more than they spend, save a lot, and make the system work well for most of the population.
A number of empires and dynasties have sustained themselves for hundreds of years and the United States, at 244 years old, has proven itself to be one of the most durable now in existence.
Read 4 tweets
Ray Dalio Profile picture
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)
Read 4 tweets
Ray Dalio Profile picture
15 Feb
On Presidents' Day, I think of Lincoln who was the president in our last civil war and his principles about civil war which we might want to remember as we appear to be headed towards our own civil war. Here are a couple which we should keep in mind: (1/4)
"A house divided against itself cannot stand." (2/4)
America will never be destroyed from the outside. If we falter and lose our freedoms, it will be because we destroyed ourselves. [paraphrase] (3/4)
Read 4 tweets
Ray Dalio Profile picture
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)
Read 4 tweets
Ray Dalio Profile picture
2 Feb
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)
Read 4 tweets
Ray Dalio Profile picture
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)
Read 6 tweets

Did Thread Reader help you today?

Support us! We are indie developers!

This site is made by just two indie developers on a laptop doing marketing, support and development! Read more about the story.

Become a Premium Member ($3/month or $30/year) and get exclusive features!

Become Premium

Too expensive? Make a small donation by buying us coffee ($5) or help with server cost ($10)

Donate via Paypal Become our Patreon

Thank you for your support!

Follow Us on Twitter!

Like this author's thread?

Get emails when @RayDalio has new unrolls!

Check out other threads from @RayDalio!

Read all threads by @RayDalio