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.
Work Principle
Probe so you know whether problems are likely to occur before they actually do.
If problems take you by surprise, it is probably because you are either too far removed from your people and processes or you haven't adequately visualized how the people and processes might lead to various outcomes. When a crisis is brewing, contact should be close enough that there will be no surprises.
Work Principle
- Manage as Someone Operating a Machine to Achieve a Goal
- Probe deep and hard to learn what you can expect from your machine.
- Probe so you know whether problems are likely to occur before they actually do.
- Probe deep and hard to learn what you can expect from your machine.
Any person or organization can adopt Principles to better achieve their goals.
Learn what Principles are and how they are applied at Principles.com
