Principles by Ray Dalio

Not Official. Just Reading the Very Useful Book and Sharing Interesting excerpts here.

[Principles by Ray Dalio @ByRayDalio]

Thread of Life Principles:
Principle 1:
https://t.co/GsjCUt2MT1

[Principles by Ray Dalio @ByRayDalio]

Life Principle 1: Embrace Reality and Deal With it

[Principles by Ray Dalio @ByRayDalio]

Evolutionary process takes place in 5 steps:
1) Have clear goals
2) Identify and don’t tolerate the problems in way of achieving goals
3) Diagnose the problems at their root causes
4) Design plans that will get around them
5) Do what’s necessary to push designs through to results

[Principles by Ray Dalio @ByRayDalio]

Principle 2:
https://t.co/XPIaI7Hll2

[Principles by Ray Dalio @ByRayDalio]

Life Principle 2:
Use the 5-step Process in order to get what you want in life.

[Principles by Ray Dalio @ByRayDalio]

Thread of Life Principles:
Principle 1:
https://t.co/GsjCUt2MT1

[Principles by Ray Dalio @ByRayDalio]

Life Principle 1: Embrace Reality and Deal With it

[Principles by Ray Dalio @ByRayDalio]

Life Principle 2:
Use the 5-step Process in order to get what you want in life.

[Principles by Ray Dalio @ByRayDalio]

Don’t confuse what you wish were true with what is really true.

[Principles by Ray Dalio @ByRayDalio]

Don’t blame bad outcomes on anyone but yourself.

[Principles by Ray Dalio @ByRayDalio]

Don’t worry about looking good—worry instead about achieving your goals.

[Principles by Ray Dalio @ByRayDalio]

When encountering your weaknesses you have four choices:1)You can deny them (most people do).
2)You can accept them and work at them in order to try to convert them into strengths.3)You can accept your weaknesses and find ways around them.4)you can change what you are going after

[Principles by Ray Dalio @ByRayDalio]

Asking others who are strong in areas where you are weak to help you is a great skill that you should develop no matter what. All successful people are good at this.

[Principles by Ray Dalio @ByRayDalio]

1.10 Look at the machine from a higher level.
I call this ability to rise above your own and others’ circumstances and objectively look down on them “higher-level thinking.”

[Principles by Ray Dalio @ByRayDalio]

Life Principle 1: Embrace Reality and Deal With it

[Principles by Ray Dalio @ByRayDalio]

1.9. Own your outcome.
Whatever circumstances life brings you, you will be more likely to succeed and find happiness if you take responsibility for making your decisions well instead of complaining about things being beyond your control. “internal locus of control”

[Principles by Ray Dalio @ByRayDalio]

Life gives you so many decisions to make and so many opportunities to recover from your mistakes that, if you handle them well, you can have a terrific life.

[Principles by Ray Dalio @ByRayDalio]

Embrace tough love. I urge you to not be embarrassed about your problems, recognizing that everyone has them. Bringing them to the surface will help you break your bad habits and develop good ones.

[Principles by Ray Dalio @ByRayDalio]

Every time you confront something painful, you are at an important juncture in your life: you have the opportunity to choose healthy and painful truth or unhealthy but comfortable delusion. The irony is that if you choose the healthy route, the pain will turn in pleasure.

[Principles by Ray Dalio @ByRayDalio]

To be “good” something must operate consistently with the laws of reality and contribute to the evolution of the whole; that is what is most rewarded. Reality tends to penalize those people, species, and things that don’t work well and detract from evolution.

[Principles by Ray Dalio @ByRayDalio]

Don’t get hung up on your views of how things “should” be because you will miss out on learning how they really are.