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
Be Radically Open-Minded
RECENT USER EXCHANGES
What are good examples of being too open-minded?
Blindly believing is a good example of being too open-minded. What one strives for is being open-minded and assertive at the same time.
How do you break through to close-minded people?
I explained this more completely in my book than I can do here. If you don’t have the book you can get it free online on my app Principles in Action which is available free in the Apple app store and will soon be available for free on Android. It also has a cool app in it called the Coach that lets you easily ask for advice and find the best principles for the situations you face and it helps you write down your own principles and have easy access to them.
Thank you for sharing principles on a daily basis.'
You’re welcome.
To be open minded I think you have to embrace reality and be responsible for the results of our decisions.
Agreed
This principle has changed everything for me.
I’m so glad that this principle changed everything for you. Please pass it along to help others.
What are some of the downsides to open-mindedness?
When you ask what the downside of open-mindedness I hear that like you asking what is the downside of learning from smart people. They’re hard to find and are small by comparison to the upside. Everything has a downside (what can the downside of learning be?). What is it? Maybe you get confused. I’m not sure.
Life Principle
Any person or organization can adopt Principles to better achieve their goals.
Learn what Principles are and how they are applied at Principles.com
