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Ray Dalio

@RayDalio

20 Jul

If you're like most people, the idea of facing the unvarnished truth makes you anxious. To get over that, you need to understand intellectually why untruths are scarier than truths and then, through practice, get accustomed to living with them. (1/4)

If you're sick, it's natural to fear your doctor's diagnosis--what if it's cancer or some other deadly disease? As scary as the truth may turn out to be, you will be better off knowing it in the long run because it will allow you to seek the most appropriate treatment. (2/4)

The same holds for learning painful truths about your own strengths and weaknesses. Knowing and acting on the truth is what we call the "big deal" at Bridgewater. (3/4)

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Ray Dalio

@RayDalio

7 Jul

You've heard the expression “no pain no gain.” Psychologists have shown that the most powerful personal transformations come from experiencing the pain from mistakes that a person never wants to have again—known as “hitting bottom.” (1/4)

So don't be hesitant to give people those experiences or have them yourself. While it is important to be clear to people about what they are doing well, it is even more important to point out their weaknesses and have them reflect on them. (2/4)

Problems require more time than things that are going well. They must be identified and understood and addressed, while things that are running smoothly require less attention. (3/4)

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Ray Dalio

@RayDalio

25 Jun

Many of you have asked about the science behind my free new personality assessment, PrinciplesYou. I need to take a scientific-evidence based approach to my decision making and I need to work with the most knowledgeable people in the areas I’m interested in... (1/8)

@AdamMGrant

... who also take a scientific approach. That’s why I worked with @AdamMGrant, Brian Little and John Golden - three great psychometricians - to follow that approach in the creation of PrinciplesYou. I want you to understand what we, led by them, did. (2/8)

They started with the Big Five personality assessment database as a foundation as it is an extensively researched and respected perspective within the personality and organizational research world. (3/8)

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Ray Dalio

@RayDalio

23 Jun

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. (1/4)

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. (2/4)

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. (3/4)

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Ray Dalio

@RayDalio

12 Jun

You will have to get over your reluctance to assess what people are like if you want to surround yourself with people who have the qualities you need. That goes for yourself too. People almost always find it difficult to identify & accept their own mistakes and weaknesses. (1/4)

Sometimes it's because they're blind to them, but more often it's because their egos get in the way. Most likely your associates are equally reluctant to point out your mistakes, because they don't want to hurt you. You all need to get over this. (2/4)

More than anything else, what differentiates people who live up to their potential from those who don't is their willingness to look at themselves and others objectively and understand the root causes standing in their way. (3/4)

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Ray Dalio

@RayDalio

8 Jun

Some ways of thinking will serve you well for some purposes and serve you poorly for others. It is highly desirable to understand one’s own and others’ ways of thinking and their best applications. Some qualities are more suitable for some jobs. (1/4)

For example, you might not want to hire a highly introverted person as a salesman. That’s not to say an introvert can’t do that job; it’s just that a gregarious person is likely to be more satisfied in the role and do a better job. (2/4)

If you're not naturally good at one type of thinking, it doesn't mean you're precluded from paths that require it. It does, however, require that you either work with someone who has that required way of thinking (which works best) or... (3/4)

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