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
Since you don't have the time to thoroughly examine everyone's thinking yourself, choose your believable people wisely.
Generally speaking, it's best to choose three believable people who care a lot about achieving the best outcome and who are willing to openly disagree with each other and have their reasoning probed. Of course the number three isn't set in stone; the group could be larger or smaller. Its ideal size depends on the amount of time available, how important the decision is, how objectively you can assess your own and others' decision-making abilities, and how important it is to have a lot of people understand the reasoning behind the decision.
Work Principle
- Believability Weight Your Decision Making
- Disagreeing must be done efficiently.
- Since you don't have the time to thoroughly examine everyone's thinking yourself, choose your believable people wisely.
- 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
