Principles by Ray Dalio @PrinciplesBot

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

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Principles by Ray Dalio @PrinciplesBot

4 hours ago

I learned that if you work hard and creatively, you can have just about anything you want, but not everything you want. Maturity is the ability to reject good alternatives in order to pursue even better ones.

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Principles by Ray Dalio @PrinciplesBot

11 hours ago

Don’t let fears of what others think of you stand in your way. You must be willing to do things in the unique ways you think are best.

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Principles by Ray Dalio @PrinciplesBot

16 hours ago

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.

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Principles by Ray Dalio @PrinciplesBot

19 hours ago

Choose your habits well. Habit is probably the most powerful tool in your brain’s toolbox.

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Principles by Ray Dalio @PrinciplesBot

21 hours ago

Principles are fundamental truths that serve as the foundations for behavior that gets you what you want out of life. They can be applied again and again in similar situations to help you achieve your goals.

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Principles by Ray Dalio @PrinciplesBot

a day ago

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.

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Principles by Ray Dalio @PrinciplesBot

a day ago

My approach was to hire, train, test, and then fire or promote quickly, so that we could rapidly identify the excellent hires and get rid of the ordinary ones.

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Principles by Ray Dalio @PrinciplesBot

2 days ago

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.

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Principles by Ray Dalio @PrinciplesBot

2 days ago

Remember that everyone has opinions and they are often bad. Opinions are easy to produce; everyone has plenty of them and most people are eager to share them—even to fight for them. Unfortunately many are worthless or even harmful, including a lot of your own.

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Principles by Ray Dalio @PrinciplesBot

2 days ago

Since life brings both ups and downs, struggling well doesn’t just make your ups better; it makes your downs less bad.

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Principles by Ray Dalio @PrinciplesBot

2 days ago

Remember that the only purpose of money is to get you what you want, so think hard about what you value and put it above money. There’s not enough money in the world to get you to part with a valued relationship.

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Principles by Ray Dalio @PrinciplesBot

2 days ago

I also feared boredom and mediocrity much more than I feared failure. For me, great is better than terrible, and terrible is better than mediocre, because terrible at least gives life flavor.

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Principles by Ray Dalio @PrinciplesBot

3 days ago

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Principles by Ray Dalio @PrinciplesBot

3 days ago

When a problem occurs, conduct the discussion at two levels: 1) the machine level (why that outcome was produced) and 2) the case-at-hand level (what to do about it).

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Principles by Ray Dalio @PrinciplesBot

3 days ago

To be effective you must not let your need to be right be more important than your need to find out what’s true. If you are too proud of what you know or of how good you are at something you will learn less, make inferior decisions, and fall short of your potential.

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Principles by Ray Dalio @PrinciplesBot

3 days ago

Remember that most people are happiest when they are improving and doing the things that suit them naturally and help them advance. So learning about your people’s weaknesses is just as valuable (for them and for you) as is learning their strengths.