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
A great organization has both great people and a great culture.
Companies that get progressively better over time have both. Nothing is more important or more difficult than to get the culture and people right.
RECENT USER EXCHANGES
In your company’s early stages with a lack of credibility and success, how did you attract great people?
I gave them a piece of the dream and the opportunity to build it out with me. It was easier to attract great people when we weren’t established and didn’t have much because people came for the right reasons - the meaningful work and meaningful relationships to make a dream happen - rather than the money and the status. It’s like would you rather have nothing and have someone marry you for what you’re like and the dreams you have or have a lot of money and have them marry you for your money.
Work Principle
- An organization is a machine consisting of two major parts: culture and people.
A great organization has both great people and a great culture.
Any person or organization can adopt Principles to better achieve their goals.
Learn what Principles are and how they are applied at Principles.com
