Life and Work

Principles

Ray Dalio

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Principles
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Self-improvement#decisions#work

Principles

Life and Work

Written byRay Dalio

Ray Dalio shares the rules he built over a long career as an investor and as founder of Bridgewater Associates. His central idea: write down your principles and run your life and work by them.

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  • Published2017
  • GenreSelf-improvement
  • Key ideas5
  • Summary1 min read

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  1. 01Pain + reflection = progress

    Mistakes hurt, but thinking them through is how you grow.

  2. 02Embrace reality

    Look at the facts as they are, not as you wish they were.

  3. 03Use a five-step process

    Set clear goals, spot the problems, find their root causes, design a plan and then do it.

  4. 04Be radically open-minded

    Ask “What if I'm wrong?” and seek out people who see things differently.

  5. 05Write down your principles

    Clear rules help you make good decisions again and again.

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Pain + reflection = progress

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