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
When you're responsible for a decision, compare the believability-weighted decision making of the crowd to what you believe.
When they're at odds, you should work hard to resolve the disagreement.
If you are about to make a decision that the believability-weighted consensus thinks is wrong, think very carefully before you proceed. It's likely that you're wrong, but even if you're right, there's a good chance that you'll lose respect by overruling the process. You should try hard to get in sync, and if you still can't do that, you should be able to put your finger on exactly what it is you disagree with, understand the risks of being wrong, and clearly explain your reasons and logic to others. If you can't do those things, you probably should suspend your own judgment and go with the believability-weighted vote.
Work Principle
- Believability Weight Your Decision Making
- Disagreeing must be done efficiently.
- When you're responsible for a decision, compare the believability-weighted decision making of the crowd to what you believe.
- Disagreeing must be done efficiently.
Any person or organization can adopt Principles to better achieve their goals.
Learn what Principles are and how they are applied at Principles.com
