Black and white portrait of Ray Dalio: Narrator and Creator of Life Principles

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.

Work Principle

Recognize that everyone has the right and responsibility to try to make sense of important things.

There will come a point in all processes of thinking things through when you are faced with the choice of requiring the person who sees things differently from you to slowly work things through until you see things the same way, or going along with the other person, even though their thinking still doesn't seem to make sense. I recommend the first path when you are disagreeing about something important and the latter when it's unimportant. I understand that the first path can be awkward because the person you are speaking to can get impatient. To neutralize that I suggest you simply say, "Let's agree that I am a dumb shit but I still need to make sense of this, so let's move slowly to make sure that happens."

One should always feel free to ask questions, while remembering one's obligation to remain open-minded in the discussions that follow. Record your argument so that if you can't get in sync or make sense of things, you can send it out so others can decide. And of course, remember that you are operating in an idea meritocracy--be mindful of your own believability.

Work Principle

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Learn to get more of what you want out of life.

Life Principles

Work Principles

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