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
Pain Button
I believe Pain+Reflection=Progress. In other words, pain is an important signal that there is something to be learned, and if you reflect on your pain well, you will almost always learn something important. That prompted me to create the Pain Button.
The moment someone experiences pain is the best time for them to record what the pain is like, but it's a bad time to reflect because it's hard to keep a clear head. So the app is designed to let people record the emotions they are feeling (anger, disappointment, frustration, etc.) as they feel them and then come back at a later time to reflect on them using guided reflection questions. The tool prompts the people who experienced the pain to specify what they will do to deal with that situation, so that the pain is mitigated in the future (for example, have a quality conversation with the person who is causing the pain, etc.). There is a part of the app that shows the frequency of the pain and the causes of the pain and whether the actions were followed through and productive. In that way, one receives a sort of biofeedback connection among the pain that occurred, the diagnosis of it, the plan for improvement so that the problems are reduced or eliminated, the following through on these plans, and the results produced. The tool creates a template for looping toward improvement that everyone can see. It allows you to share your entries with others or keep them to yourself. Some people have described the Pain Button as like having a psychologist in your pocket, although better as it's always available and a hell of a lot cheaper.
Work Principle
Any person or organization can adopt Principles to better achieve their goals.
Learn what Principles are and how they are applied at Principles.com
