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Ray Dalio

@RayDalio

Dec 8

I’d now like you to reflect on what you value the most so you can clarify your goals and get at the best principles for you. Your values are the deep-seated beliefs that motivate your behaviors and determine your compatibility with other people. (1/4)

I’ve learned from conversations with psychologists and from my own experiences that what people want arises from them a) being wired a certain way and... (2/4)

... b) trying to satisfy subliminal needs that are deeply hidden within them and that were formed by the combination of their nature and experiences they had but don’t remember. (3/4)

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Ray Dalio

@RayDalio

Dec 8

Three to five smart, conceptual people seeking the right answers in an open-minded way will generally lead to the best answers. #principleoftheday (1/5)

It may be tempting to convene a larger group, but having too many people collaborate is counterproductive, even if the members of the larger group are smart and talented. (2/5)

The symbiotic advantages of adding people to a group grow incrementally (2+1=4.25) up to a point; beyond that, adding people actually subtracts from effectiveness. (3/5)

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Ray Dalio

@RayDalio

Dec 6

In jazz, there's no script: You have to figure things out as you go along. Sometimes you need to sit back and let others drive things; other times, you blare it out yourself. #principleoftheday (1/5)

To do the right thing at the right moment you need to really listen to the people you're playing with so that you can understand where they're going.

All great creative collaboration should feel the same way. (2/5)

Combining your different skills like different instruments, improvising creatively, and at the same time subordinating yourself to the goals of the group leads to playing great music together. (3/5)

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Ray Dalio

@RayDalio

Dec 5

Together, these fives steps make up an evolutionary loop. Let’s look at this process more granularly. First you have to pick what you are going after–your goals. You choice of goals will determine your direction. As you move toward your goals, you will encounter problems. (1/5)

Some of those problems will bring you up against your weaknesses. How you react to the pain that causes is up to you. (2/5)

If you want to reach your goals, you must be calm and analytical so that you can accurately diagnose your problems, design a plan that will get you around them, and do what’s necessary to push through to results. (3/5)

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Ray Dalio

@RayDalio

Dec 5

While open communication is very important, the challenge is to do it in a time-efficient way--you can't have individual conversations with everyone. #principleoftheday (1/4)

It is helpful to identify easy ways of sharing, like open emails posted on an FAQ board or sending around videotapes or audio recordings of key meetings. (I call such approaches "leverage.") (2/4)

The challenges become greater the higher you go in the reporting hierarchy because the number of people affected by your actions and who also have opinions and/or questions grows so large. (3/4)

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Ray Dalio

@RayDalio

Dec 4

The main purpose of discussion is to achieve completion and get in sync, which leads to decisions and/or actions. Conversations that fail to reach completion are a waste of time. #principleoftheday (1/4)

When there is an exchange of ideas, it is important to end it by stating the conclusions. If there is agreement, say it; if not, say that. Where further action has been decided, get those tasks on a to-do list, assign people to do them, and specify due dates. (2/4)

Write down your conclusions, working theories, and to-do's in places that will lead to their being used as foundations for continued progress. To make sure this happens, assign someone to make sure notes are taken and follow-through occurs. (3/4)

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