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.
Life Principle
Have clear goals.
Life Principle
- Use the 5-Step Process to Get What You Want Out of Life
Have clear goals.
- Prioritize: While you can have virtually anything you want, you can't have everything you want.
- Think about what you want out of life and make your work a path to getting it.
- Recognize when to ride the wave.
- Don't confuse goals with desires.
- Decide what you really want in life by reconciling your goals and your desires.
- Don't mistake the trappings of success for success itself.
- Never rule out a goal because you think it's unattainable.
- Remember that great expectations create great capabilities.
- Almost nothing can stop you from succeeding if you have a) flexibility and b) self-accountability.
- Knowing how to deal well with your setbacks is as important as knowing how to move forward.
Any person or organization can adopt Principles to better achieve their goals.
Learn what Principles are and how they are applied at Principles.com
