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
Going on vacation doesn't mean one can neglect one's responsibilities.
Thinking like an owner means making sure that your responsibilities are handled well regardless of what comes up. While you are away on vacation, it's your responsibility to make sure nothing drops. You can do that via a combination of good planning and coordination before you go and staying on top of things while you are away. This needn't take much time--it can be as little as an hour of good checking from afar and it doesn't even have to be every day, so you can typically slip it in when it's convenient.
Work Principle
- Manage as Someone Operating a Machine to Achieve a Goal
- Think like an owner, and expect the people you work with to do the same.
- Going on vacation doesn't mean one can neglect one's responsibilities.
- Think like an owner, and expect the people you work with to do the same.
Any person or organization can adopt Principles to better achieve their goals.
Learn what Principles are and how they are applied at Principles.com
