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
Recognize that experience creates internalized learning that book learning can't replace.
There are huge differences between memory-based book learning and hands-on, internalized learning. A medical student who has learned to perform an operation in a medical school class has not learned it in the same way as a doctor who has already conducted several operations. People who excel at book learning tend to call up from memory what they have learned in order to follow stored instructions. People who have internalized their learning use the thoughts flowing from their subconscious without thinking, in the same way they walk down the street. Understanding these differences is essential.
RECENT USER EXCHANGES
Would be it right prioritizing one over another or are they complementary?
Book learning is mostly remembering. Now with easy access to information it’s not as valuable as it was. Internalized learning is generally more valuable because it gives you the ability to do things.
Work Principle
- Constantly Train, Test, Evaluate, and Sort People
- Understand that you and the people you manage will go through a process of personal evolution.
- Recognize that experience creates internalized learning that book learning can't replace.
- Understand that you and the people you manage will go through a process of personal evolution.
Any person or organization can adopt Principles to better achieve their goals.
Learn what Principles are and how they are applied at Principles.com
