10 Quotes from Principles

Principles – Ray Dalio

He divides the book into 3 parts: Where I’m Coming From, Life Principles, and Work Principles. In the introduction to the novel, he says “I wouldn’t mind if you decided to skip this part of the book”. and you know what? That’s exactly what I did. In a 550 page book, I skipped the first 125 pages.

1) Look to nature to learn how reality works.

All the laws of reality were given to us by nature. p 138.

2) Make sure people give more consideration to others than they demand for themselves.

p 343.

3) Pain + Reflection = Progress

One of the themes of the book. p 152.

4) Use the 5-Step Process to get what you want out of life

  1. Have clear goals.
  2. Identify and don’t tolerate the problems that stand in the way of your achieving those goals.
  3. Accurately diagnose the problems to get at their root causes.
  4. Design plans that will get you around them.
  5. Do what’s necessary to push these designs through to results.

5) Make your passion and your work one and the same

and do it with people you want to be with. p 317.

6) Hire right, because the penalties for hiring wrong are huge

“In picking people for long-term relationships, values are most important, abilities come next, and skills are the least important. Yet most people make the mistake of choosing skills and abilities first and overlooking values” This concept was introduced to my @Uptake when my manager interviewed candidates for full-time roles. The same concept was also brought up in one of my college courses: BUSMHR 3510 – New Venture Creation. p 404.

7) Everyone has strengths and weaknesses

and everyone has an important role to play in life.

 

  • Introvert vs extrovert – energy from ideas vs other people
  • Intuiting vs sensing – big picture (forests) vs details (trees)
  • Thinking vs feeling – logical analysis vs focus on harmony
  • Planning vs perceiving – stick to plan vs adapt to surroundings
  • Creators vs advancers vs refiners vs executors vs flexors
  • Focus on tasks vs goals –  incremental changes of reference vs reflect on what and how

p 226-229.

8) It is better to bet on changes you have seen than those you hope for

Remember that people typically don’t change all that much. p 411

9) you get 80 percent of the value out of something from 20 percent of the information or effort

This is a natural law that shows up often in the 2010s tech culture. See Peter Thiel (Zero to One). I love this principle, and use it often as a tool to get rid of noise in my life. p 246.

10) Until you make the unconscious conscious, it will direct your life and you will call it fate

– Carl Jung

p 251.

 

 

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