Smash Notes

Who Does Ray Dalio Think Should Invent Your Principles?

at 7:23

From the episode: Ray Dalio, Principles, the Evolution of Bridgewater Associates & Meditation

Answer

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.

Where this answer comes from

People

More notes from this episode

More answers like this

Related episodes

Plays from this note through the rest of the episode.

Weekly highlights

One letter a week.

The notes worth hearing, with the minute they were said.