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.
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.
It's easy to tell an open-minded person from a closed-minded person because they act very differently. Here are some cues to tell you whether you or others are being closed-minded:
Once you can sort out open-minded from closed-minded people, you'll find that you want to surround yourself with open-minded ones. Doing so will not only make your decision making more effective but you'll also learn a tremendous amount. A few good decision makers working effectively together can significantly outperform a good decision maker working alone--and even the best decision maker can significantly improve his or her decision making with the help of other excellent decision makers.
Those self-defense mechanism that stand in the way of learning and changing one’s mind are really self-harming mechanisms. Get rid of them!!