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
The best choices are the ones that have more pros than cons, not those that don't have any cons at all.
Watch out for people who argue against something whenever they can find something--anything-- wrong with it, without properly weighing all the pluses and minuses. Such people tend to be poor decision makers.
Life Principle
- Learn How to Make Decisions Effectively
- Make your decisions as expected value calculations.
- The best choices are the ones that have more pros than cons, not those that don't have any cons at all.
- Make your decisions as expected value calculations.
Any person or organization can adopt Principles to better achieve their goals.
Learn what Principles are and how they are applied at Principles.com
