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Back to Ray Dalio, Principles, the Evolution of Bridgewater Associates & Meditation, with Ray Dalio.

Who Does Ray Dalio Think Should Invent Your Principles?

Ray Dalio told Gary Vaynerchuk that the Ten Commandments and the Bill of Rights are principles, but people are not walking around checking the list. Religion used to hand the list over. His claim is that each person now has to write their own. He wanted Vaynerchuk to record the decision he actually makes when a situation repeats, until those notes become Gary's formula. Dalio said he started with nothing, stumbled forward, and reached a stage where passing on his own recipes mattered, as long as other people would examine theirs. Self-awareness is the tool that separates a real principle from a habit you never noticed.

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Ray Dalio, Principles, the Evolution of Bridgewater Associates & Meditation ·

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More from this episode

  1. Why Does Ray Dalio Say Written Principles Beat One-off Decisions?Ray Dalio told Gary Vaynerchuk that he wrote down the criteria for every decision, and those notes became his principles.
  2. When Does Ray Dalio Say a Person Actually Controls Their Mind?Ray Dalio told Gary Vaynerchuk that needing noise is evidence you do not control your mind.
  3. How Can You Become a Successful EntrepreneurYou have to bet against the consensus and to be right.
  4. Why Did Ray Dalio Start Writing Down His PrinciplesAfter 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.
  5. What Does Ray Dalio Say Is the Key to an Idea Meritocracy?On AskGaryVee, Ray Dalio says an idea meritocracy has three steps. First, put your honest thoughts on the table for everyone to see.

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