Ray Dalio is worth $15 billion.
His book 'Principles' is a must read.
Here are 10 things I learned:
His book 'Principles' is a must read.
Here are 10 things I learned:
1. Think of life as a game
Every challenge or setback you encounter presents an opportunity to unravel a puzzle.
By successfully resolving these puzzles, you acquire valuable principles, which, in turn, equip you to prevent comparable issues and failures in the future.
Every challenge or setback you encounter presents an opportunity to unravel a puzzle.
By successfully resolving these puzzles, you acquire valuable principles, which, in turn, equip you to prevent comparable issues and failures in the future.
2. Be radically open-minded
Look for the truth, even if it's tough to accept.
• What have I overlooked?
• What's not right with my work?
• Do I have sufficient knowledge about this topic to form an opinion?
Put aside your pride and use feedback for personal growth.
Look for the truth, even if it's tough to accept.
• What have I overlooked?
• What's not right with my work?
• Do I have sufficient knowledge about this topic to form an opinion?
Put aside your pride and use feedback for personal growth.
3. Pain + Reflection = Progress
Mistakes help you create a stronger set of principles.
This paves the way for a smoother journey to success.
Mistakes help you create a stronger set of principles.
This paves the way for a smoother journey to success.
4. Use root-cause analysis
Every problem stems from its underlying causes.
If you struggle with time management and find yourself consistently late for meetings or appointments, it's essential to understand scheduling principles to prevent such tardiness.
Every problem stems from its underlying causes.
If you struggle with time management and find yourself consistently late for meetings or appointments, it's essential to understand scheduling principles to prevent such tardiness.
5. Write down your principles
Keep a record of every experience you face:
• Job loss
• Personal conflicts
• Being late for meetings
Document your actions and reflect on how you handled each situation.
Keep a record of every experience you face:
• Job loss
• Personal conflicts
• Being late for meetings
Document your actions and reflect on how you handled each situation.
6. Build your machine
Achievers create a system to achieve their goals.
To optimize your system, split your roles into two:
• The Designer - responsible for organizing and planning the system
• The Doer - executes tasks based on the designer's plan
Achievers create a system to achieve their goals.
To optimize your system, split your roles into two:
• The Designer - responsible for organizing and planning the system
• The Doer - executes tasks based on the designer's plan
7. Find your weaknesses
Identifying a weakness is akin to discovering a leaky pipe in your house:
• Find a temporary solution - like using a bucket to collect the water.
• Escape - consider selling the house.
• Establish a principle - learn how to fix the pipe.
Identifying a weakness is akin to discovering a leaky pipe in your house:
• Find a temporary solution - like using a bucket to collect the water.
• Escape - consider selling the house.
• Establish a principle - learn how to fix the pipe.
8. Remember the 80/20 rule
80% of results stem from 20% of efforts.
This approach prevents you from getting overwhelmed by unnecessary specifics.
Once you've gathered the key information for a sound decision, don't linger. Move forward.
80% of results stem from 20% of efforts.
This approach prevents you from getting overwhelmed by unnecessary specifics.
Once you've gathered the key information for a sound decision, don't linger. Move forward.
9. Push through
You can achieve greatness, but you must take action to achieve greatness.
There will be moments when you can either continue with the usual pace or push forward to reach your goal.
The right choice should be clear.
You can achieve greatness, but you must take action to achieve greatness.
There will be moments when you can either continue with the usual pace or push forward to reach your goal.
The right choice should be clear.
10. One + One = Three
Working with someone else makes you three times more efficient than working alone.
Each person can spot what the other might overlook, and you can inspire each other to maintain higher standards.
Working with someone else makes you three times more efficient than working alone.
Each person can spot what the other might overlook, and you can inspire each other to maintain higher standards.
Did you like this?
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