Principles
Ray Dalio, one of the world's most successful investors and entrepreneurs, shares the unconventional principles that he has developed, refined, and used over the past forty years to create unique results in both life and business. Principles combines autobiography with practical guidance, revealing the fundamental truths that drive success through radical transparency and radical open-mindedness.
Key Ideas
Pain plus reflection equals progress.
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Notable Quotes
Pain plus reflection equals progress.
If you can't successfully do something, don't think you can tell others how it should be done.
The biggest mistake most people make is to not see themselves and others objectively.
The greatest gift you can give someone is the power to be successful.
Don't get hung up on your views of how things 'should' be because you'll miss out on learning how they really are.
Radical open-mindedness and radical transparency are invaluable for rapid learning and effective change.
Always weigh second- and third-order consequences.
To be successful, you need to understand the machine that is the system you're working in and you need to have good principles for dealing with it.
Be willing to fail openly and learn from your failures.
Meaningful work and meaningful relationships are the greatest rewards of life.
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