It’s a basic law of nature: You must stretch yourself if you want to get strong. You and your people must act with each other like trainers in gyms in order to keep each other fit.
WORK PRINCIPLE:
Force yourself and the people who do work for you to do difficult things.
March 2, 2020
Don’t Mistake Possibilities For Probabilities
“Don’t mistake possibilities for probabilities. Anything is possible. It’s the probabilities that matter. Everything must be weighed in terms of its likelihood and prioritized.Believe it or not, your pain will fade and you will have many other opportunities ahead of you.”
- Ray Dalio
- Ray Dalio
March 1, 2020
Ask Questions To Gain Perspective
Sometimes asking questions to gain perspective can be misperceived as being weak and indecisive. Of course it’s not. It’s necessary in order to become wise and it is a prerequisite for being strong and decisive.
Always seek the advice of wise others and let those who are better than you take the lead. The objective is to have the best understanding to make the best possible leadership decisions.
Be open-minded and assertive at the same time and get in tight sync with those who work with you, recognizing that sometimes not all or even the majority of people will agree with you.
Five Sunday Quotes (by Ray Dalio)
“If you’re not failing, you’re not pushing your limits, and if you’re not pushing your limits, you’re not maximizing your potential.” – Ray Dalio
“Having the basics, a good bed to sleep in, good relationships, good food – is most important, and those things don’t get much better when you have a lot of money or much worse when you have less. And the people one meets at the top aren’t necessarily more special than those one meets at the bottom or in between.” – Ray Dalio
“Listening to uninformed people is worse than having no answers at all.” – Ray Dalio
“Time is like a river that carries us forward into encounters with reality that require us to make decisions. We can’t stop our movement down this river and we can’t avoid those encounters. We can only approach them in the best possible way.” – Ray Dalio
“Having the basics, a good bed to sleep in, good relationships, good food – is most important, and those things don’t get much better when you have a lot of money or much worse when you have less. And the people one meets at the top aren’t necessarily more special than those one meets at the bottom or in between.” – Ray Dalio
“Listening to uninformed people is worse than having no answers at all.” – Ray Dalio
“Time is like a river that carries us forward into encounters with reality that require us to make decisions. We can’t stop our movement down this river and we can’t avoid those encounters. We can only approach them in the best possible way.” – Ray Dalio
January 13, 2020
To-do Lists
Good work habits are vastly underrated. People who push through successfully have to-do lists that are reasonably prioritized, and they make certain each item is ticked off in order.
January 6, 2020
Decide What You Really Want In Life
Take passion, for example. Without passion, life would be dull; you wouldn’t want to live without it. But what’s key is what you do with your passion.
LIFE PRINCIPLE: Decide what you really want in life by reconciling your goals and your desires.
Life Principle: Success
Achievement orientation is important, but people who obsess over a $1,200 pair of shoes or a fancy car are very rarely happy because they don’t know what it is that they really want and hence what will satisfy them.
LIFE PRINCIPLE: Do not mistake the trappings of success for success itself.
December 18, 2019
The Holy Grail of Investing
In this short video Ray Dalio explains what he believes its his Holy Grail in trading.
While Indiana Jones might have found it safely tucked away in the Temple of the Sun, to legendary investor Ray Dalio, the "Holy Grail" is a sweet spot between diversification and correlation.
Source: Investopedia
While Indiana Jones might have found it safely tucked away in the Temple of the Sun, to legendary investor Ray Dalio, the "Holy Grail" is a sweet spot between diversification and correlation.
Source: Investopedia
December 12, 2019
Ray Dalio Mentoring Diddy (video)
Sean Combs, also known as Diddy, asked me to mentor him to help him take his great success to another level. In this video you will see a recent mentor session of ours, and you will see a Diddy that you probably haven’t seen before. We explore the role of radical open mindedness, building an effective team, and the importance of using the 5-step process for success that I've outlined in my books, Principles: Life & Work and Principles for Success. You will also see why I want to help him and why I believe our relationship exemplifies how people with different backgrounds and different perspectives can work together harmoniously for the greater good. The greatest joy I’m having now is helping other people to be successful, particularly helping people who can help a lot of people.
December 10, 2019
The Big Bet That Failed
Long before I reached success as the founder of Bridgewater Associates, the world’s largest hedge fund today, I faced several failures. But through my struggles, I was able to accumulate hundreds of principles.
Here's a big bet that failed: Ray Dalio on his big bet that failed: ‘I went broke and had to borrow $4,000 from my dad’
Here's a big bet that failed: Ray Dalio on his big bet that failed: ‘I went broke and had to borrow $4,000 from my dad’
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