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
Be wary of people who argue for the suspension of the idea meritocracy for the "good of the organization."
When such arguments win out, the idea meritocracy will be weakened. Don't let that happen. If people respect the rules of the idea meritocracy, there will be no conflict. I know that from my experiences over decades. However, I also know that there will be people who put what they want above the idea meritocracy and threaten it. Consider those people to be enemies of the system and get rid of them.
Work Principle
- Recognize How to Get Beyond Disagreements
- Remember that if the idea meritocracy comes into conflict with the well-being of the organization, it will inevitably suffer.
- Be wary of people who argue for the suspension of the idea meritocracy for the "good of the organization."
- Remember that if the idea meritocracy comes into conflict with the well-being of the organization, it will inevitably suffer.
Any person or organization can adopt Principles to better achieve their goals.
Learn what Principles are and how they are applied at Principles.com
