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
Think of your plan as being like a movie script in that you visualize who will do what through time.
Sketch out the plan broadly at first (e.g., "hire great people") and then refine it. You should go from the big picture and drill down to specific tasks and estimated time lines (e.g., "In the next two weeks, choose the headhunters who will find those great people"). The real-world issues of costs, time, and personnel will undoubtedly surface as you do this, and that will lead you to further refine your design until all the gears in the machine are meshing smoothly.
Life Principle
- Use the 5-Step Process to Get What You Want Out of Life
- Design a plan.
- Think of your plan as being like a movie script in that you visualize who will do what through time.
- Design a plan.
Any person or organization can adopt Principles to better achieve their goals.
Learn what Principles are and how they are applied at Principles.com
