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
Dispute Resolver
Disputes need clear paths toward resolution. That is especially so in an idea meritocracy where people are expected to disagree and create paths for resolving disagreements. The Dispute Resolver provides paths for resolving disagreements in an idea-meritocratic way. It asks a series of questions used to guide the people through the resolution process. One of its features is that it locates believable people who can help determine whether a disagreement is worth taking up at a higher management level. The app also makes clear to everyone that if they have a different point of view from others, it's up to them to express it and work to get in sync--instead of privately holding on to the view and not putting it on the table. Whether you have a tool like the Dispute Resolver or not, you must have a clear and fair system to resolve disputes in order to ensure there is a real idea meritocracy. Otherwise the person with greater power could pull rank on the person with lesser power.
We also have a number of tools that help us complete and oversee our day-to-day work and stay in sync regarding how things are going.
Work Principle
- Use Tools and Protocols to Shape How Work Is Done
Dispute Resolver
Any person or organization can adopt Principles to better achieve their goals.
Learn what Principles are and how they are applied at Principles.com
