Hello beautiful people. Starting this newsletter with sending you all some extra digital love because im feeling extra full of while writing this. 🫂
Let’s get into it. Principles by Ray Dalio is broken into 3 parts:
Part 1: Where I'm Coming From - A memoir where Dalio shares his life experiences and how he built Bridgewater Associates.
Part 2: Life Principles - Outlines the principles guiding his personal life, covering decision-making, relationships, and personal development.
Part 3: Work Principles - Explains the principles governing Bridgewater Associates, focusing on organizational management, decision-making processes, and fostering a culture of transparency.
Let’s focus on the life principles…
#1 - Embrace reality and deal with it
Don't confuse what you wish were true with what is really true.Â
Don't worry about looking good-worry instead about achieving your goals.Â
Don’t overweight first-order consequences relative to second- and third-order ones. Don’t let pain stand in the way of progress.Â
Don’t blame bad outcomes on anyone but yourself.
#2 - Get what you want out of life
Have clear goals.Â
Identify and don’t tolerate the problems that stand in the way of you achieving those goals.Â
Accurately diagnose the problems to get at their root causes.Â
Design plans that will get you around them.Â
Do what’s necessary to push these designs through to results.Â
#3 - Be radically open-minded
Recognize your two barriers; your ego and blind spots.Â
Practice radical open-mindedness.Â
Appreciate the art of thoughtful disagreement.Â
Triangulate your view with believable people who are willing to disagree.Â
Recognize the signs of close-mindedness and open-mindness that you should watch out for.Â
Understand how you can become radically open-minded.Â
#4 - Understand that people are wired very differently
Turn to neuroscience to understand the programming of brains.Â
Learn the pre-programming of your brain and understand the inner battles you are predisposed to.Â
Leverage your learnings of your inner world and the outer world to navigate and reconcile life.Â
#5 - Learn how to make decisions effectively
Recognize that 1) the biggest threat to harmful decision making is harmful emotions, and 2) decision making is a two step process (first learning then deciding).
Synthesize the situation at hand both now and over time.
K, well this was fun. (: Till next time.
With love,
Diaundra