Principles enable people to deal with things that happen over and over again, effectively.

Principles used to come from a religion, but now each individual has to determine your own principles.

You are only in control of your mind when you are at peace. Are you at peace?

You have to bet against the consensus and to be right.

After a near catastrophic public failure early in his career, Ray Dalio realized he had to learn from his failures in order to avoid them in the future.

Put your thoughts on the table for everyone to see.

Understand the art of thoughtful disagreement.

Have a protocol to get past that.