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
Know that nobody can see themselves objectively.
While we should all strive to see ourselves objectively, we shouldn't expect everyone to be able to do that well. We all have blind spots; people are by definition subjective. For this reason, it is everyone's responsibility to help others learn what is true about themselves by giving them honest feedback, holding them accountable, and working through disagreements in an open-minded way.
Work Principle
- Create a Culture in Which It Is Okay to Make Mistakes and Unacceptable Not to Learn from Them
- Remember to reflect when you experience pain.
- Know that nobody can see themselves objectively.
- Remember to reflect when you experience pain.
Any person or organization can adopt Principles to better achieve their goals.
Learn what Principles are and how they are applied at Principles.com
