Black and white portrait of Ray Dalio: Narrator and Creator of Life Principles

Principles are ways of successfully dealing with reality to get what you want out of life.

Ray Dalio, one of the world’s most successful investors and entrepreneurs, cites principles as his key to success.

Work Principle

Be willing to "shoot the people you love."

It is very difficult to fire people you care about. Cutting someone that you have a meaningful relationship with but who isn't an A player in their job is difficult because ending good relationships is hard, but it is necessary for the long-term excellence of the company. You may have a need for the work they're doing (even if it's not excellent) and find it hard to make a change. But they will pollute the environment and fail you when you really need them.

Doing this is one of those difficult, necessary things. The best way to do it is to "love the people you shoot"--do it with consideration and in a way that helps them.

Work Principle

Find a Meaningful Principle for You

Learn to get more of what you want out of life.

Life Principles

Work Principles

Please review our
Privacy Policy and Terms of Service
, which will go into effect on
. By continuing to use this site or our products or services, you agree to our
Terms of Service and acknowledge that you have read our Privacy Policy.