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
Beware of group-think: The fact that no one seems concerned doesn't mean nothing is wrong.
If you see something that seems unacceptable to you, don't assume that the fact that others also know about it and aren't screaming means it's not a problem. This is an easy trap to fall into--and a deadly one. Whenever you see badness, point it out to the Responsible Party and hold them accountable for doing something about it. Never stop saying, "This meal stinks!"
Work Principle
- Perceive and Don't Tolerate Problems
- Design and oversee a machine to perceive whether things are good enough or not good enough, or do it yourself.
- Beware of group-think: The fact that no one seems concerned doesn't mean nothing is wrong.
- Design and oversee a machine to perceive whether things are good enough or not good enough, or do it yourself.
Any person or organization can adopt Principles to better achieve their goals.
Learn what Principles are and how they are applied at Principles.com
