

Principles in Business with Ray Dalio
21 snips Sep 6, 2023
Ray Dalio, billionaire investor and founder of Bridgewater Associates, shares insights from his journey to success. He emphasizes the vital role of self-awareness and personal principles in making effective decisions. Dalio discusses how meditation can enhance awareness and creativity. He reflects on the importance of embracing failure as a learning opportunity in finance. The conversation also touches on the balance of competition and collaboration, highlighting the significance of transparency and empathy in both business and personal growth.
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Develop Your Principles
- Write down your decision-making criteria for every decision you make.
- This creates a set of principles, or a formula for success, that you can refine over time.
Self-Awareness and Principles
- Self-awareness is crucial for extracting and defining your principles.
- Connecting emotions with intellect enhances self-awareness.
Early Trading
- At 12, Ray Dalio started trading after caddying at a golf course and overhearing stock market discussions.
- His first stock, Northeast Airlines, tripled in value after nearly going bankrupt, which hooked him on investing.