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
Remember that if you have the same people doing the same things, you should expect the same results.
Einstein defined insanity as doing the same thing over and over and expecting different results. Don't fall into this trap because you'll have a hard time getting out of it.
Work Principle
- Diagnose Problems to Get at Their Root Causes
- Keep in mind that diagnoses should produce outcomes.
- Remember that if you have the same people doing the same things, you should expect the same results.
- Keep in mind that diagnoses should produce outcomes.
Any person or organization can adopt Principles to better achieve their goals.
Learn what Principles are and how they are applied at Principles.com
