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.
In 1975, Ray Dalio founded Bridgewater Associates, out of his two-bedroom apartment in New York City. Over forty years later, Bridgewater has grown into the largest hedge fund in the world and the fifth most important private company in the United States (according to Fortune magazine), and Dalio himself has been named to TIME’s list of the 100 most influential people in the world. Along the way Dalio discovered unique principles that have led to his and Bridgewater’s unique success. It is these principles, and not anything special about Dalio, that he believes are the reason behind whatever success he has had. He is now at a stage in his life that he wants to pass these principles along to others for them to judge for themselves and to do whatever they want with them.
Life Principle
Plan for the worst-case scenario to make it as good as possible.
My point is that you can significantly raise your probabilities of making the right decisions by open-mindedly triangulating with believable people. Even in a terrible situation, you can still raise your probabilities of making the right decisions by open-mindedly triangulating with believable people.
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Am I right that practical pessimism is better than blind optimism?
Sure. But realism is best. Remember my formula that Dreams + Reality + Determination = A Successful Life. You can have an amazing life in which dreams come true if you have the determination to keep interacting with reality, including having the painful interactions that teach you how reality works and how to deal with it well. The more you know how to deal with it well, the more you will ascend.
Life Principle
- Be Radically Open-Minded
- Triangulate your view with believable people who are willing to disagree.
- Plan for the worst-case scenario to make it as good as possible.
- Triangulate your view with believable people who are willing to disagree.
Any person or organization can adopt Principles to better achieve their goals.
Learn what Principles are and how they are applied at Principles.com
