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
Know that most everyone thinks that what they did, and what they are doing, is much more important than it really is.
If you ask everybody in an organization what percentage of the organization's success they're personally responsible for, you'll wind up with a total of about 300 percent. That's just the reality, and it shows why you must be precise in attributing specific results to specific people's actions. Otherwise, you'll never know who is responsible for what--and even worse, you may make the mistake of believing people who wrongly claim to be behind great accomplishments.
Work Principle
- Constantly Train, Test, Evaluate, and Sort People
- Evaluate accurately, not kindly.
- Know that most everyone thinks that what they did, and what they are doing, is much more important than it really is.
- Evaluate accurately, not kindly.
Any person or organization can adopt Principles to better achieve their goals.
Learn what Principles are and how they are applied at Principles.com
