Principles: Micro review
If you haven’t heard of Ray Dalio, look him up. He is considered the Steve Jobs of investing, is the founder of Bridgewater Associates and is personally worth north of $18B.
When I put his book “Principles” on the reading list, I didn’t realize it would be a multi week endeavor. At nearly 550 pages, it’s definitely not a quick read !!! The book details a codified set of principles for life and work which focus on Ray’s way of doing business — extreme truth and transparency.
There is no way for me to do justice to the essence of this book in this post. I would advise that at a minimum if you are running anything larger than a team, give this book a read. Principles guide us in our day to day decisions and there are quite a few here that you would want to adopt.
My favorite excerpts:
“Make your decisions on the basis of first-, second-, and third-order consequences”
“Evolving is life’s greatest accomplishment and it’s greatest reward.”
“Own your outcomes”
“If you are setting the bar to what you know you can achieve, you are setting the bar way too low”
“Know where the line is and be on the far side of fair”
“Get over “blame” and “credit” and get on with “accurate” and “inaccurate”
“Remember that the WHO is more important than the WHAT.”
