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

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. Saying them let him use the same rules with a partner, with family, and at Bridgewater Associates, where the best idea is supposed to win. They later turned the rules into algorithms. A principle, he said, is how you handle something that happens again and again: skiing, raising children, or investing. You recognize the pattern and you already know the move. He had worried that readers of his book Principles would find this too abstract. He was surprised they could connect a repeated event to a written rule.

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

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More from this episode

  1. 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.
  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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