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
Provide transparency to people who handle it well and either deny it to people who don't handle it well or remove those people from the organization.
It is the right and responsibility of management, and not the right of all employees, to determine when exceptions to radical transparency should be made. Management should restrict transparency sparingly and wisely because every time they do, it undermines the idea meritocracy and people's trust.
Work Principle
- Trust in Radical Truth and Radical Transparency
- Be radically transparent.
- Provide transparency to people who handle it well and either deny it to people who don't handle it well or remove those people from the organization.
- Be radically transparent.
Any person or organization can adopt Principles to better achieve their goals.
Learn what Principles are and how they are applied at Principles.com
