Ray Dalio is one of the world’s most successful investor and hedge fund managers and one of the most influential people in the world. In his book “Principles” he lists the important principles one must follow to be successful in life and work.
Here are some Quotes From “Principles”
– Taking advice from uninformed or partially informed people is worse than having no answer at all.
If you find that you are not facing failure, you are not pushing your limits, and if you don’t push your limits constantly, you don’t maximize your potential.
– Pain + Reflection = Progress
– You see that great is always better than terrible, but terrible is better than mediocre because there is at least some thrill in terrible.
– Most people cannot grow and improve just because they let their ego stand in the way of learning.
– Maturity is one’s ability to reject good-looking alternatives to pursue even better ones.
– Even if you dedicate yourself to your goals and work hard as well as creatively, you can achieve almost anything but not everything.
– Your habits are the most powerful tools in your brain’s toolbox, so choose your habits wisely.
– Time is like an ever-running river that carries us from one encounter to another. We cannot fight the flow of time, but we can approach these encounters in the most efficient way possible.
– You can’t be happy if you bury and avoid your problems. You achieve happiness by dealing with and learning from your problems.
– The people who have the most thoughtful and creative questions are the smart ones. Only the less learned think that they have all the answers.
– He who lives by the crystal ball will eat shattered glass.
– Great questions are a much better indicator of future success than great answers.
– The people who end up being the happiest are the ones who discover what their personality is and design a life to match it.
When you come across a particularly painful situation in your life, you will find that you are standing at crossroads: you can choose to accept the painful but healthy truth or choose the unhealthy but comfortable delusion.
– If you don’t want to veer away from what you believe in, develop your principles and write them down, especially when working with others.
– When you look back and go, “How stupid I was back then!” you know that you are learning and growing every day.
If you haven’t succeeded in achieving it, do not presume to tell others how it should be done.
– You will be happiest when you do something that comes to you naturally and helps you advance, not something which doesn’t fit with your personality.
– Identify your strengths as well as your weaknesses.
– Aim for being right at what you are doing, even if you have to take help for being right.
– The art of being good at approximations is insufficiently valued in the current education system, but it impedes conceptual thinking.
– To have a great life, you have to choose between safely staying in your comfort zone and crossing a dangerous jungle to come out the other side.
– To succeed, you have to push your limits, and when you push your limits, there is a chance that you will crash, and it will hurt a lot, but you won’t fail until you give up.
– Focus on doing big things well rather than doing small things perfectly.
– If you want to see someone come out stronger on the other side, then allow them to struggle rather than giving them the things they are struggling for.
– Unattainable goals appeal to heroes.
– To learn more and be effective, your thirst to find out what’s true should be more effective than your need to be right. If you are too proud of your knowledge, you will learn less and fall short of your potential.
– I fear boredom and mediocrity much more than I fear failure.
– I would say that my most valuable habit is using pain to trigger quality reflections. If you learn to identify what causes your pain and how best to deal with it, it will greatly impact your effectiveness.
– The only purpose of earning money is to get what your heart desires, so think about what you value most and put it above money. No price can be put on the love of a dear one.
– Principles are fundamental truths of your life that act as foundations for behavior that will get you what you want in life. They can be applied multiple times in various situations to help you succeed.
– Trust, consideration, and generosity are important than money to forge a great partnership.
– Learn to disagree with a situation instead of arguing thoughtfully. Here the goal is not the prove that you are right and the other person is wrong, but to find out the truth and accept it.
– It is better for your development if the people who work for you constantly challenge you.
– Don’t let the little things you disagree on divide you when the big things you agree on should bind you.
– Your weaknesses don’t matter if you find solutions.
– You are not going to make money if you are not aggressive, and if you are not defensive, you are not going to keep the money.
– Life is a game, and every game has rules and principles that successful players master to win.
– By and large, life will give you what you deserve.
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Carol T. Mahaffey is a certified American Author And a creator of Theleaderboy. Carol is a Self-Taught Marketer with 10+ Years of Experience. She brings her decade of experience to her current role, where she is dedicated to writing books, blogs, and articles, inspiring the world on how to become a better Leader.