The Jordan Harbinger Show

390: Ray Dalio | Principles of an Investing Pioneer Part Two

16 snips
Aug 13, 2020
Ray Dalio, founder of Bridgewater Associates and author of "Principles," shares insights on navigating knowledge and relationships. He emphasizes the importance of recognizing what you don't know and the role of radical transparency in fostering workplace culture. Dalio discusses overcoming ego in decision-making, promoting an evidence-based approach. He also addresses personal growth through changing habits and the increasing influence of technology in decision processes, highlighting the critical need for human oversight.
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INSIGHT

Handle the Unknown

  • Success comes more from handling what you don't know than what you do know.
  • Be open to other's knowledge and perspectives to avoid being trapped in your own limited view.
ADVICE

Reflect and Define Goals

  • Define your goals first, then examine your principles.
  • Reflect on experiences, especially painful ones, to develop principles aligned with your objectives.
ADVICE

Transparency at Home

  • Establish ground rules for communication and disagreement, even at home.
  • Respect differences in communication styles and emotional states.
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