Saturday, July 17, 2021

10 Lessons & Best Ideas From PRINCIPLES By Ray Dalio


1. Principles are universal and fundamental truths that serve as the foundations for behavior that helps you get what you want out of life.

2. Knowing what you want and what is true would help your decision-making process and the result you get out of life.

3. When everyone thinks something is too sure, it’s already on a high side, and clinging to it could make you fall.

4. There are always risks out there that can hurt you badly, even in the seemingly safest bets, so it’s always best to assume you’re missing something.

5. You cannot be 100% sure on anything. For if you have things that you can control, there would be things that you cannot control.

6. Seek out smartest minds who disagree with you and try to understand their reasoning. Be radically open-minded.

7. The “holy grail” of every investing is to find good unrelated return streams that would reduce your risks without reducing your expected returns.

8. If you put in the right effort, you can get anything you want, but not everything you want.

9. Create your own principle by analyzing your experiences and encounters.

10. The truth, an accurate understanding of the reality, is the bedrock of every right decision-making and outcome.

Suggested Articles: 

1) 15 Reasons Why You Must Have Your Own Book: https://sopiensofgod.blogspot.com/2020/09/15-reasons-why-you-must-have-your-own.html

2) Why You Must Document Your Life: https://sopiensofgod.blogspot.com/2020/11/youve-got-to-document-your-life.html 

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