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
Don't get frustrated.
If nothing bad is happening to you now, wait a bit and it will. That is just reality. My approach to life is that it is what it is and the important thing is for me to figure out what to do about it and not spend time moaning about how I wish it were different. Winston Churchill hit the nail on the head when he said, "Success consists of going from failure to failure without loss of enthusiasm." You will come to enjoy this process of careening between success and failure because it will determine your trajectory.
It makes no sense to get frustrated when there's so much that you can do, and when life offers so many things to savor. Your path through any problem is outlined in these principles--and in others you'll discover yourself. There's nothing you can't accomplish if you think creatively and have the character to do the difficult things.
Work Principle
- Do What You Set Out to Do
- Recognize that everyone has too much to do.
- Don't get frustrated.
- Recognize that everyone has too much to do.
Any person or organization can adopt Principles to better achieve their goals.
Learn what Principles are and how they are applied at Principles.com
