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
To perceive problems, compare how the outcomes are lining up with your goals.
This means comparing the outcomes that the machine is producing to your visualization of the outcomes you expected so that you can note any deviations. If you expect improvement to be within a specific range . . .
. . . and it ends up looking like this . . .
. . . you will know that you need to get at the root cause to deal with it. If you don't, the trajectory will probably continue.
Work Principle
- Perceive and Don't Tolerate Problems
- Design and oversee a machine to perceive whether things are good enough or not good enough, or do it yourself.
- To perceive problems, compare how the outcomes are lining up with your goals.
- Design and oversee a machine to perceive whether things are good enough or not good enough, or do it yourself.
Any person or organization can adopt Principles to better achieve their goals.
Learn what Principles are and how they are applied at Principles.com
