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
In the end, accuracy and kindness are the same thing.
What might seem kind but isn't accurate is harmful to the person and often to others in the organization as well.
RECENT USER EXCHANGES
Can you please explain more what this principle means?
It means that accurate feedback, including critical feedback, is most valuable for everyone so don’t hesitate providing it.
Is accuracy alone really kindness, or does leadership require empathy to avoid resentment?
Accuracy and empathy can go together well if you can show people how critical feedback helps them and you can empathize with them in receiving it so that you can deliver it well. I’m just tell you what has worked for me for you to take or leave as you like.
Didn’t you recently post about evaluating accurately, not kindly? How does that align with this principle? Accuracy feels objective, kindness subjective—both valuable, but not the same.
I thought I explained my thinking in the body of the principle rather than the one line headline of it but maybe I failed to do that well enough. Btw, please be sure to read the explanation of the principle along with the principle. In any case, what I’m trying to say is accuracy is most considerate and people are mistaken if they think being kind is giving complements. “Constructive criticism” dealt with well can lead to improvement whereas complements mostly just feed the ego. I have been able to teach most people how to appreciate honest criticism and use that as a foundation for improvement and building better relationships. If you want to see how that has actually been done at Bridgewater see the actual cases videoed which are available on my free app Principles in action which you can now get on the Apple iOS App Store and you will be able to get for Android on the ????? (TELL WHEN AND WHERE).
Work Principle
- Constantly Train, Test, Evaluate, and Sort People
- Evaluate accurately, not kindly.
- In the end, accuracy and kindness are the same thing.
- Evaluate accurately, not kindly.
Any person or organization can adopt Principles to better achieve their goals.
Learn what Principles are and how they are applied at Principles.com
