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 statements that begin with "I think that . . ."
Just because someone thinks something doesn't mean it's true. Be especially skeptical of statements that begin with "I think that I . . ." since most people can't accurately assess themselves.
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Isn’t this a humble approach instead of making a statement that may or may not be true?
Let me clarify. I’m not suggesting that people not say it. I’m suggesting that hearing it should raise caution when people say or hear it. Those who say it should remember to be humble/unsure/open-minded and those hear it shouldn’t take it as fact.
Would you discredit someone just from a 3 word statement that is unavoidable?
I’m not suggesting that people not say it. Let me clarify. I’m suggesting that hearing it should raise caution when people say or hear it. Those who say it should remember to be humble/unsure/open-minded and those hear it shouldn’t take it as fact.
I've seen this principle in action and I found it unproductive - it was used too often to shut people down. "I think that" is merely a preamble like "hey" or "I got something to share".
I’m not suggesting that people not say it. Let me clarify. I’m suggesting that hearing it should raise caution when people say or hear it. Those who say it should remember to be humble/unsure/open-minded and those hear it shouldn’t take it as fact.
Isn’t this just as damaging that people begin to disguise their speculation as fact by not prefacing with this statement?
People shouldn’t avoid making the statement. They should just be prompted to caution when they hear it. Those who say it should remember to be humble/unsure/open-minded and those hear it should take it with a grain of salt.
Work Principle
- Believability Weight Your Decision Making
- Understand how people came by their opinions.
- Beware of statements that begin with "I think that . . ."
- Understand how people came by their opinions.
Any person or organization can adopt Principles to better achieve their goals.
Learn what Principles are and how they are applied at Principles.com
