Scan barcode
A review by architr
Principles for Success by Ray Dalio
3.0
• The most important things you need in life are good principles
• Principles are ways of successfully dealing with realities that you will encounter ; they are recipes for success
• Principle #1 – think for yourself while being radically open-minded
• Dreams + Reality + Determination = a successful life
• Pain + Reflection = Progress
• 5-step process for being successful:
o Step 1 – GOALS – know your goals and run after them ; set goals based on your passion, strengths and weaknesses
You will have to find these goals by trial and error/ reflection etc
o Step 2 – PROBLEMS
o STEP 3 – DIAGNOSIS
o STEP 4 – DESIGN – Design a plan that will get you around the problem
o STEP 5 – EXECUTE
• EGO BARRIERS and BLINDSPOTS
o Ego prevents us from recognizing our weakness
o BLIND SPOT exists because people see things differently ; no one can see all the Threats and opportunities. Thus, if you can look at things with the help of others ; you will notice more
o Look for people who THOUGHTFULLY DISAGREE with you
• Meaningful work and Meaningful relationships are the greatest assets and rewards
• Create a culture in which it’s ok to make mistakes and unacceptable not to learn from them
• Principles are ways of successfully dealing with realities that you will encounter ; they are recipes for success
• Principle #1 – think for yourself while being radically open-minded
• Dreams + Reality + Determination = a successful life
• Pain + Reflection = Progress
• 5-step process for being successful:
o Step 1 – GOALS – know your goals and run after them ; set goals based on your passion, strengths and weaknesses
You will have to find these goals by trial and error/ reflection etc
o Step 2 – PROBLEMS
o STEP 3 – DIAGNOSIS
o STEP 4 – DESIGN – Design a plan that will get you around the problem
o STEP 5 – EXECUTE
• EGO BARRIERS and BLINDSPOTS
o Ego prevents us from recognizing our weakness
o BLIND SPOT exists because people see things differently ; no one can see all the Threats and opportunities. Thus, if you can look at things with the help of others ; you will notice more
o Look for people who THOUGHTFULLY DISAGREE with you
• Meaningful work and Meaningful relationships are the greatest assets and rewards
• Create a culture in which it’s ok to make mistakes and unacceptable not to learn from them