Principles by Ray Dalio

Ray Dalio’s Principles (Fanpage) | Life. Work. Systems that win.

“Pain + Reflection = Progress”

“Pain + Reflection = Progress”

[Principles by Ray Dalio @PrinciplesBot]

Think Smarter, get 100 Mental Models:

https://t.co/ZMCHpkwtAw

[Principles by Ray Dalio @PrinciplesBot]

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.

[Principles by Ray Dalio @PrinciplesBot]

The most valuable habit I’ve acquired is using pain to trigger quality reflections. If you can acquire this habit yourself, you will learn what causes your pain and what you can do about it, and it will have an enormous impact on your effectiveness.

[Principles by Ray Dalio @PrinciplesBot]

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.

[Principles by Ray Dalio @PrinciplesBot]

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.

[Principles by Ray Dalio @PrinciplesBot]

Unattainable goals appeal to heroes.

[Principles by Ray Dalio @PrinciplesBot]

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.

[Principles by Ray Dalio @PrinciplesBot]

First principle: Think for yourself to decide 1) what you want, 2) what is true, and 3) what you should do to achieve #1 in light of #2. And do that with humility and open-mindedness so that you consider the best thinking available to you.

[Principles by Ray Dalio @PrinciplesBot]

The greatest gift you can give someone is the power to be successful. Giving people the opportunity to struggle rather than giving them the things they are struggling for will make them stronger.

[Principles by Ray Dalio @PrinciplesBot]

It’s more important to do big things well than to do the small things perfectly.

[Principles by Ray Dalio @PrinciplesBot]

Imagine that in order to have a great life you have to cross a dangerous jungle. You can stay safe where you are and have an ordinary life, or you can risk crossing the jungle to have a terrific life.

[Principles by Ray Dalio @PrinciplesBot]

Because our educational system is hung up on precision, the art of being good at approximations is insufficiently valued. This impedes conceptual thinking.

[Principles by Ray Dalio @PrinciplesBot]

I saw that to do exceptionally well you have to push your limits and that, if you push your limits, you will crash and it will hurt a lot. You will think you have failed—but that won’t be true unless you give up.

[Principles by Ray Dalio @PrinciplesBot]

If you can’t successfully do something, don’t think you can tell others how it should be done.

[Principles by Ray Dalio @PrinciplesBot]

Every time you confront something painful, you are at a potentially important juncture in your life—you have the opportunity to choose healthy and painful truth or unhealthy but comfortable delusion.

[Principles by Ray Dalio @PrinciplesBot]

I just want to be right—I don’t care if the right answer comes from me.

[Principles by Ray Dalio @PrinciplesBot]

Listening to uninformed people is worse than having no answers at all.

[Principles by Ray Dalio @PrinciplesBot]

The happiest people discover their own nature and match their life to it.

[Principles by Ray Dalio @PrinciplesBot]

Having the basics—a good bed to sleep in, good relationships, good food, and good sex—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.

[Principles by Ray Dalio @PrinciplesBot]

Look for people who have lots of great questions. Smart people are the ones who ask the most thoughtful questions, as opposed to thinking they have all the answers.

[Principles by Ray Dalio @PrinciplesBot]

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.