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
Be generous and expect generosity from others.
If you're not generous with others and others aren't generous with you, you won't have a quality relationship.
RECENT USER EXCHANGES
Isn't generosity giving without expecting anything in return?
It’s not the thing I get in return that matters to me as much as it’s the intent. It’s like I’d rather be around considerate people that inconsiderate people.
I have encountererd many generous people in my life e.g. teachers and mentors and believe it is our mission to retribute that generosity without expecting any counterpart.
Don’t you love such people and naturally want to do more for them? I do.
How do you handle people who take advantage of your generosity?
People’s intentions matter more to me than their actual offerings so I take them into consideration. I can pretty easily tell if someone is a generous or cheap based on their actions relative to that they have. To me that’s the same as being considerate or inconsiderate. I don’t want to have relationships with inconsiderate people.
What if you are always generous and your friends are uninviting and don’t really care for your well being?
All else being equal, I appreciate people who care about my well being more than those who don’t care about my well-being.
Work Principle
- Hire Right, Because the Penalties for Hiring Wrong Are Huge
- Remember that in great partnerships, consideration and generosity are more important than money.
- Be generous and expect generosity from others.
- Remember that in great partnerships, consideration and generosity are more important than money.
Any person or organization can adopt Principles to better achieve their goals.
Learn what Principles are and how they are applied at Principles.com
