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Quote by Ray Dalio

“Sometimes we forge our own principles and sometimes we accept others' principles, or holistic packages of principles, such as religion and legal systems. While it isn't necessarily a bad thing to use others' principles - it's difficult to come up with your own, and often much wisdom has gone into those already created - adopting pre-packaged principles without much thought exposes you to the risk of inconsistency with your true values.”

Quote by Ray Dalio

Author

Ray Dalio, born in 1949, is a renowned American businessman, investor, and the founder of Bridgewater Associates, one of the world's largest hedge funds. He is known for his unique investment philosophy and successful corporate management. more

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“Principles are concepts that can be applied over and over again in similar circumstances as distinct from narrow answers to specific questions. Every game has principles that successful players master to achieve winning results. So does life. Principles are ways of successfully dealing with the laws of nature or the laws of life. Those who understand more of them and understand them well know how to interact with the world more effectively than those who know fewer of them or know them less well.”

“Never say anything about a person you wouldn't say to them directly, and don't try people without accusing them to their face. Badmouthing people behind their backs shows a serious lack of integrity and is counterproductive. It doesn't yield any beneficial change, and it subverts both the people you are badmouthing and the environment as a whole.”

People Life Trying Persons Whole Shows Faces Growth Behinds Environment Serious Integrity Personal Growth Investing Yield Say Anything Beneficial Accusing Counterproductive Lack Of Integrity

Author:Ray Dalio

“Do not feel bad about your mistakes or those of others. Love them! Remember that one: they are to be expected; two: they're the first and most essential part of the learning process; and three: feeling bad about them will prevent you from getting better.”

Life Feels Firsts Two Feelings Remember Three Process Growth Mistake Essentials Personal Growth Investing Expected Get Better Learning Process Feeling Bad

Author:Ray Dalio

“To test if you are worrying too much about looking good, observe how you feel when you find out you've made a mistake or don't know something.”

Ifs Knows Life Feels Made Growth Mistake Worry Too Much Tests Personal Growth Investing Looking Good Made A Mistake How You Feel Worrying Too Much

Author:Ray Dalio

“Don't be a perfectionist, because perfectionists often spend too much time on little differences at the margins at the expense of other big, important things. Be an effective imperfectionist. Solutions that broadly work well (e.g., how people should contact each other in the event of crises) are generally better than highly specialized solutions (e.g., how each person should contact each other in the event of every conceivable crisis).”

People Life Should Wells Littles Persons Important Bigs Growth Differences Too Much Events Solutions Crisis Important Things Personal Growth Investing Contact Expenses Margins Perfectionist

Author:Ray Dalio

“People who excel at book learning tend to call up from memory what they have learned in order to follow stored instructions. Others who are better at internalized learning use the thoughts that flow from their subconscious. The experienced skier doesn't recite instructions on how to ski and then execute them; rather, he does it well "without thinking," in the same way he breathes without thinking. Understanding these differences is essential.”

People Thinking Way Life Wells Doe Book Use Order Understanding Growth Differences Memories Essentials Flow Personal Growth Investing Breathe Instruction Subconscious Skis Skiers Book Learning

Author:Ray Dalio

“It is a law of nature that you must do difficult things to gain strength and power. As with working out, after a while you make the connection between doing difficult things and the benefits you get from doing them, and you come to look forward to doing these difficult things.”

Life Looks Law Difficult Growth Benefits Gains Connections Personal Growth Investing Work Out Laws Of Nature Difficult Things

Author:Ray Dalio

“Ironically, people who suppress the mini-confrontations for fear of conflict tend to have huge conflicts later, which can lead to separation, precisely because they let minor problems fester. On the other hand, people who address the mini-conflicts head-on in order to straighten things out tend to have the great, long-lasting relationships.”

“When there is pain, the animal instinct is 'fight or flight' (i.e., to either strike back or run away) - reflect instead. When you can calm yourself down, thinking about the dilemma that is causing you pain will bring you to a higher level and enlighten you, leading to progress.”

“I'd like to be remembered as someone who showed up for the job. I consider myself a worker.”

Jobs Workers Remembered Reconstruction

Book:Life after baseball

Source: Life after baseball