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
Don't pay as much attention to people's conclusions as to the reasoning that led them to their conclusions.
It is common for conversations to consist of people sharing their conclusions rather than exploring the reasoning that led to those conclusions. As a result, there is an overabundance of confidently expressed bad opinions.
RECENT USER EXCHANGES
What do you recommend I do to start implementing your Principles on a daily basis?
To get yourself to implement these principles I recommend that you 1) get my free app “Principles in Action” and play with it, and 2) use my tools when they come out. I expect the first one to come out, which will be the Dot Collector, in January. It will be quickly followed by other apps that are all described in the appendix of my book. If you use these tools/apps, you will certainly find yourself implementing these principles. I’m excited to pass them along to you all because I know that you will find them invaluable in getting whatever it is that you are looking for out of life.
How do you deal with the prejudice that triggers the reasoning which leads to conclusions?
Cerebrally and through thoughtful debate with those who see it.
Work Principle
- Believability Weight Your Decision Making
- Find the most believable people possible who disagree with you and try to understand their reasoning.
- Don't pay as much attention to people's conclusions as to the reasoning that led them to their conclusions.
- Find the most believable people possible who disagree with you and try to understand their reasoning.
Any person or organization can adopt Principles to better achieve their goals.
Learn what Principles are and how they are applied at Principles.com
