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Episode 35 - Principles by Ray Dalio

Insights & Perspectives

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Work With Opportunities Produced Results

Don't worry about looking good. Worry about achieving your goals. Work with opportunities produced results. Distinguish between a failure in which someone broke their contract and one where there is no contract to begin with. Avoid getting sucked down. Watch out for people who confuse goals and tasks, because if they can't make the distinction, you can't trust them with responsibilities. Theoretical should case, holding yourself accountable, first as a leader, and then holding your team accountable.

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