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 dealing with people outside your culture, ask yourself: how should this relationship work to achieve my goals?
People often ask if the culture of radical truth and transparency extends to all relationships—not just those with your team in the office, but with suppliers, vendors, partners, even people in everyday life. The answer is that in each case, you need to ask yourself whether or not you need people to be a certain way to get the results you’re seeking. For me, I’ve found this approach so effective that I use it in nearly all of my on-going relationships.
Work Principle
- Trust in Radical Truth and Radical Transparency
- Be radically transparent.
- When dealing with people outside your culture, ask yourself: how should this relationship work to achieve my goals?
- Be radically transparent.
Any person or organization can adopt Principles to better achieve their goals.
Learn what Principles are and how they are applied at Principles.com
