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
Inexperienced people can have great ideas too, sometimes far better ones than more experienced people.
That's because experienced thinkers can get stuck in their old ways. If you've got a good ear, you will be able to tell when an inexperienced person is reasoning well.
RECENT USER EXCHANGES
Isn’t this counter to your other principle which is to not believe anyone who hasn’t succeeded in something three times?
I am, perhaps confusingly, trying to make clear that sometimes inexperienced creative people can have good ideas, even though that might not be the rule because I don't think people should blindly rule out these people's opinions.
Would reasoning be something needs lots of practicing, like the ability of thinking over problems, so that it might not be as easy for an inexperienced person to judge if a reasoning is good or not, could this situation happen?
An inexperienced person can’t adequately judge. As I’ve said before, if you haven’t successfully done something three times before, don’t assume you can do it. That doesn’t mean that you can’t have it checked out by a believable/experienced person or even try it to see what happens. It just means that you’d be dumb not to approach your theory with cautiousness rather than confidence.
Work Principle
- Believability Weight Your Decision Making
- Find the most believable people possible who disagree with you and try to understand their reasoning.
- Inexperienced people can have great ideas too, sometimes far better ones than more experienced people.
- Find the most believable people possible who disagree with you and try to understand their reasoning.
Any person or organization can adopt Principles to better achieve their goals.
Learn what Principles are and how they are applied at Principles.com
