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
Involve the person who is the point of the pyramid when encountering cross-departmental or cross-sub-departmental issues.
Imagine an organizational chart as a pyramid that consists of numerous pyramids.
When issues involve parties not in the same part of the pyramid, it is generally desirable to involve the person who is at the point of the pyramid, and thus has the perspective and knowledge to weigh the trade-offs and make informed decisions.
Work Principle
- Design Improvements to Your Machine to Get Around Your Problems
- Create an organizational chart to look like a pyramid, with straight lines down that don't cross.
- Involve the person who is the point of the pyramid when encountering cross-departmental or cross-sub-departmental issues.
- Create an organizational chart to look like a pyramid, with straight lines down that don't cross.
Any person or organization can adopt Principles to better achieve their goals.
Learn what Principles are and how they are applied at Principles.com
