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
Having everyone randomly probe everyone else is an unproductive waste of time.
For heaven's sake don't bother directing your questions to people who aren't responsible or, worse still, throw your questions out there without directing them at all.
RECENT USER EXCHANGES
How do you define “responsible” if never questioning those deemed responsible means no new ideas—and living in an echo chamber is itself irresponsible?
I completely agree that living in an echo chamber is irresponsible. That's why I had an idea-meritocracy. The principles before this one explained how I did that. What I'm saying here -- and I'm speaking from the experience of one who built a great company based on having a broad based idea-meritocracy -- is that with everyone debating everything in a disorderly way produces chaos. Given that both of these things is true, I needed to create a fair and systematic way to supplement thinking to create believability-based decison making. Please take my principles in their totality by reviewing them in my book Principles: Life and Work or get this book for free (plus a lot more including videos of principles in action) on my free app called Principles in Action (which has a 4.9 rating).
Work Principle
- Believability Weight Your Decision Making
- Understand how people came by their opinions.
- Having everyone randomly probe everyone else is an unproductive waste of time.
- Understand how people came by their opinions.
Any person or organization can adopt Principles to better achieve their goals.
Learn what Principles are and how they are applied at Principles.com
