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
Chances are you won't have time to deal with the unimportant things, which is better than not having time to deal with the important things.
I often hear people say, "Wouldn't it be good to do this or that?" It's likely they are being distracted from far more important things that need to be done well.
RECENT USER EXCHANGES
Do we apply the same frame of prioritzation in both profit and non-profit decision making and how do we fairly eliminate what’s unimportant?
Yes. Though profit and non- profit decision making has different measures of success (e.g. profit versus social good). Profit is easier to use in order to measure whether the resources put into an endeavor are less or more than the resources required to produce it, however this principle about eliminating the less important things so you have time to handle the most important things applies to whatever one is going after.
Life Principle
- Learn How to Make Decisions Effectively
- Prioritize by weighing the value of additional information against the cost of not deciding.
- Chances are you won't have time to deal with the unimportant things, which is better than not having time to deal with the important things.
- Prioritize by weighing the value of additional information against the cost of not deciding.
Any person or organization can adopt Principles to better achieve their goals.
Learn what Principles are and how they are applied at Principles.com
