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
Focus more on making the pie bigger than on exactly how to slice it so that you or anyone else gets the biggest piece.
The best negotiations are the ones with someone in which I say, "You should take more," and they argue back, "No you should take more!" People who operate this way with each other make the relationship better and the pie bigger--and both benefit in the long run.
Work Principle
- Hire Right, Because the Penalties for Hiring Wrong Are Huge
- When considering compensation, provide both stability and opportunity.
- Focus more on making the pie bigger than on exactly how to slice it so that you or anyone else gets the biggest piece.
- When considering compensation, provide both stability and opportunity.
Any person or organization can adopt Principles to better achieve their goals.
Learn what Principles are and how they are applied at Principles.com
