Founders #43 Ray Dalio: Principles: Life and Work
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Oct 22, 2018 Discover the transformative power of principles in decision-making from Ray Dalio. He emphasizes the importance of questioning certainties, shifting mindsets, and systematizing choices. His journey highlights the value of independent thinking and learning from failures. Delve into the intersection of technology and investing, where systematic approaches outshine traditional methods. Explore the balance between public success and personal fulfillment, revealing how authenticity trumps fame in the quest for true happiness.
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Think for Yourself
- Think for yourself to decide what you want, what is true, and what to do to achieve your goals.
- Embrace the fact that you don't know everything and choose principles that align with your goals and nature.
Strive and Fail Well
- Success comes from striving for a lot while also failing well, learning from mistakes without being knocked out of the game.
- Ray Dalio learned this after experiencing both great success and devastating failure in his career.
Investors and Entrepreneurs
- Both investors and entrepreneurs must be independent thinkers, betting against the consensus and being right.
- This involves being wrong frequently and developing strategies to maximize the odds of being right.
