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
Remember that people typically don't change all that much.
This is especially true over short periods of time like a year or two, yet most people want to assume that when someone does something wrong the person will learn the lesson and change. That's naive. It is best to assume that they won't change unless there is good evidence to the contrary that they will.
It's better to bet on changes you have seen than those you hope for.
Work Principle
- Hire Right, Because the Penalties for Hiring Wrong Are Huge
- Remember that people are built very differently and that different ways of seeing and thinking make people suitable for different jobs.
- Remember that people typically don't change all that much.
- Remember that people are built very differently and that different ways of seeing and thinking make people suitable for different jobs.
Any person or organization can adopt Principles to better achieve their goals.
Learn what Principles are and how they are applied at Principles.com
