Ray Dalio’s Principles (Fanpage) | Life. Work. Systems that win.
“Pain + Reflection = Progress”
“Pain + Reflection = Progress”gumroad.com/a/288617587/Ax… Get 100 Mental Models HERE👉👉Joined November 2021
Experience taught me how invaluable it is to reflect on and write down my decision-making criteria whenever I made a decision, so I got in the habit of doing that.
New is overvalued relative to great. For example, when choosing which movie to watch or what book to read, are you drawn to proven classics or the newest big thing? In my opinion, it is smarter to choose the great over the new.
In a nutshell, I was looking for meaningful work and meaningful relationships. I quickly learned that the best way to do that was to have great partnerships with great people.
From very early on, whenever I took a position in the markets, I wrote down the criteria I used to make my decision. Then, when I closed out a trade, I could reflect on how well these criteria had worked.
Our brains work like computers: They input data and process it in accordance with their wiring and programming. Any opinion you have is made up of these two things: the data and your processing or reasoning.
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.
As Carl Jung put it, “Until you make the unconscious conscious, it will direct your life and you will call it fate.” It’s even more important that decision making be evidence-based and logical when groups of people are working together.
Seek out the smartest people who disagreed with me so I could try to understand their reasoning. 2. Know when not to have an opinion. 3. Develop, test, and systemize timeless and universal principles. 4. Balance risks in ways that keep the big upside while reducing the downside.
It seems to me that life consists of three phases. In the first, we are dependent on others and we learn. In the second, others depend on us and we work. And in the third and last, when others no longer depend on us and we no longer have to work, we are free to savor life.
Reality, in turn, will send you loud signals about how well your principles are working by rewarding or punishing you, so you will learn to fine-tune them accordingly.
0 Followers 13 FollowingCivilisational decline isn't dramatic. It's quiet. One withdrawal at a time. Documentary series on Philosophy, Civilisation and Power.
96 Followers 577 FollowingHave a Personal Project manager as your Realtor!
- Home Buyers: I specialize in Custom New Home Construction and Investment properties.
973 Followers 8K Following→“When the whole world is running towards a cliff, he who is running in the opposite direction appears to have lost his mind.”
»Hardcore Anarchist«
15 Followers 314 FollowingInnovative Entrepreneur | Driving Business Growth Through Strategic Vision and Leadership | Passionate About Building Scalable Startups and Transformative Techn
551 Followers 4K FollowingHelping ambitious enterpreneurs and leaders to get more confidence and achieve their goals
Send me DM to get free confidence coaching session
3K Followers 3K FollowingLocal historian, poet, Christian with low vision. interested in sports, food, and music. Just a kind, curious curmudgeon. Opinions are my own.
2.3M Followers 93 FollowingOfficial account of Ray Dalio, founder of Bridgewater Associates, author of #1 New York Times bestseller 'Principles,' professional mistake maker
956K Followers 1K FollowingRene M Kern Prof of Prac at Wharton. Allianz Advisor. Gramercy Chair. Chair of UnderArmour Board. Former Pimco CEO/co-CIO and President of Queens' Col Cambridge