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Ray Dalio

Principles: Life and Work

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  • Kelvin Tjiawije citiraoпре 3 године
    However, you will never handle them all well: mistakes are inevitable, and it’s important to recognize and accept this fact of life. The good news, as I have mentioned, is that most learning comes through making mistakes—so there is no end to learning how to play the game better. You will have an enormous number of decisions to make, so no matter how many mistakes you make, there will be plenty of opportunities to build a track record of success.
  • Kelvin Tjiawije citiraoпре 3 године
    You’ll see that excuses like “That’s not easy” are of no value and that it pays to “push through it” at a pace you can handle. Like getting physically fit, the most important thing is that you keep moving forward at whatever pace you choose, recognizing the consequences of your actions. When you think that it’s too hard, remember that in the long run, doing the things that will make you successful is a lot easier than being unsuccessful.
  • Kelvin Tjiawije citiraoпре 3 године
    Once you accept that playing the game will be uncomfortable, and you do it for a while, it will become much easier (like it does when getting fit).
  • Anthonyje citiraoпрекјуче
    have become someone who believes that we need to deeply understand, accept, and work with reality in order to get what we want out of life.
  • Anthonyje citiraoпрекјуче
    pursuing my goals I encountered realities, often in the form of problems, and I had to make decisions. I found that if I accepted the realities rather than wished that they didn’t exist and if I learned how to work with them rather than fight them, I could figure out how to get to my goals
  • Anthonyje citiraoпрекјуче
    want you to work for yourself, to come up with independent opinions, to stress-test them, to be wary about being overconfident, and to reflect on the consequences of your decisions and constantly improve.
  • Anthonyje citiraoпрекјуче
    as I believe that adopting pre-packaged principles without much thought is risky, I am asking you to join me in thoughtfully discussing the principles that guide how we act. When considering each principle, please ask yourself, “Is it true?
  • Anthonyje citiraoпрекјуче
    Sometimes we forge our own principles and sometimes we accept others’ principles, or holistic packages of principles, such as religion and legal systems
  • Anthonyje citiraoпрекјуче
    I believe that having principles that work is essential for getting what we want out of life. I also believe that to understand each other we have to understand each other’s principles
  • Boris Svecnikovje citiraoпрошле године
    Darwin described, adaptation—i.e., adjusting appropriately to changes in one’s circumstances—is a big part of the evolutionary process, and it is rewarded.[
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