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Principles: Life and Work
I saw that to do exceptionally well you have to push your limits and that, if you push your limits, you will crash and it will hurt a lot. You will think you have failed—but that won’t be true unless you give up.
Ray Dalio • Principles: Life and Work
It’s senseless to have making money as your goal as money has no intrinsic value—its value comes from what it can buy, and it can’t buy everything. It’s smarter to start with what you really want, which are your real goals, and then work back to what you need to attain them. Money will be one of the things you need, but it’s not the only one and c
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Principles are fundamental truths that serve as the foundations for behavior that gets you what you want out of life. They can be applied again and again in similar situations to help you achieve your goals.
Ray Dalio • Principles: Life and Work
If you’re not failing, you’re not pushing your limits, and if you’re not pushing your limits, you’re not maximizing your potential
Ray Dalio • Principles: Life and Work
Remember that everyone has opinions and they are often bad. Opinions are easy to produce; everyone has plenty of them and most people are eager to share them—even to fight for them. Unfortunately many are worthless or even harmful, including a lot of your own.
Ray Dalio • Principles: Life and Work
Any damn fool can make it complex. It takes a genius to make it simple
Ray Dalio • Principles: Life and Work
To be effective you must not let your need to be right be more important than your need to find out what’s true. If you are too proud of what you know or of how good you are at something you will learn less, make inferior decisions, and fall short of your potential.
Ray Dalio • Principles: Life and Work
Don’t hire people just to fit the first job they will do; hire people you want to share your life with.
Ray Dalio • Principles: Life and Work
in most companies people are doing two jobs: their actual job and the job of managing others’ impressions of how they’re doing their job.
Ray Dalio • Principles: Life and Work
Look for people who have lots of great questions. Smart people are the ones who ask the most thoughtful questions, as opposed to thinking they have all the answers. Great questions are a much better indicator of future success than great answers.