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
1+1=3.
Two people who collaborate well will be about three times as effective as each of them operating independently, because each will see what the other might miss--plus they can leverage each other's strengths while holding each other accountable to higher standards.
RECENT USER EXCHANGES
Leveraging each other’s strength requires certain cost and it is hard to achied the following: competition between colleagues and sometimes the competition could go wrong and have negative effects; the collaboration requires an honest conversation which could be difficult as it may affect by emotions; a good collaboration needs to formulate common goals and strategies, and always be fair and transparent.
It’s much harder not to. If you want do it with the people you work with, change the people you work with. Otherwise you will be trapped.
What successful experiences have you had with introverts and how do you get them to share, trust, and dare more?
Introverts quite often like to have their exchanges in writing which is perfectly fine.
What’s advice do you think every 20 year old should hear?
You’re about to enter the beginning of the second phase of your life which is totally different than the first. Realize that you know virtually nothing about what it’s like so you need to learn what it’s like and how to be great at it. Be humble and maximize your learning, ideally working in an apprentice relationship with a great boss/mentor and in a great community. Pick your culture well. Make sure you always have the right to make sense of things. Be open-minded and assertive at the same time and learn how to struggle and fail well. Realize that meaningful work and meaningful relationships will fulfill you and help you be more successful. Remember that pain+reflection=progress so that your failures will give you gems/improvements if you diagnose them well. Be radically truthful and transparent so that you triangulate with others and build better relationships. Refer to Principles when you encounter issues to find the appropriate principles to consider how to handle your situation, collect and refer to great principles from people who have been successful and start to write down your own principles. Ah, there are so many more and to be 20 years old and to have all that adventure ahead of you. It’s wonderful! Make the most of it.
Work Principle
Any person or organization can adopt Principles to better achieve their goals.
Learn what Principles are and how they are applied at Principles.com
