Ray Dalio

They're likely to be more concerned with appearances than actually achieving the goal; this can lead to ruin over time. #principleoftheday

You need to push through and that requires self-discipline to follow your script. It's important to remember the connections between your tasks and the goals that they are meant to achieve. When you feel yourself losing sight of that, stop and ask yourself "why?" Lose sight of the why and you will surely lose sight of your goals. #principleoftheday

A big choice in life is accomplishment versus savoring life. Savoring life is taking a moment to smell the roses, enjoying a beautiful day, and making sure you have time with the people you love. Then there's the other side, which is accomplishment and impact. You have to discover for yourself where you are and how you deal with those choices. The key, and the most effective path, is where they align—when you can make your work and your passion one and the same. #RayDalio #LifePrinciples

In any conversation, there is a responsibility to express and a responsibility to listen. Misinterpretations and misunderstandings are always going to happen. Often, difficulty in communication is due to people having different ways of thinking (e.g., left-brained thinkers talking to right-brained thinkers). The parties involved should always consider the possibility that one or both of them misunderstood and do a back-and-forth so that they can get in sync. #principleoftheday

There are many reasons why meetings go poorly, but frequently it is because of a lack of clarity about the topic or the level at which things are being discussed (e.g., the principle/machine level, the case-at-hand level, or the specific-fact level). #principleoftheday

A plan can be sketched out and refined in just hours or spread out over days or weeks. But the process is essential because it determines what you will have to do to be effective. Too many people make the mistake of spending virtually no time on designing because they are preoccupied with execution. Remember: Designing precedes doing! #principleoftheday

Open-minded people seek to learn by asking questions; they realize how little they know in relation to what there is to know and recognize that they might be wrong; they are thrilled to be around people who know more than they do because it represents an opportunity to learn something. #principleoftheday

You fall and you fall hard. Some people won't get on the tightrope again, and some people will. And then they think, how to do that? How to be bold and aggressive and pull it off? You start to think about doing things differently and practicing more. It is that combination of caution and practice that allows you to take it to limits that you never would have been able to take it to before. Once that is learned, everything changes, because it also teaches how to take the hits. Getting banged up is fine, but getting knocked out of the game is not. The willingness to get banged but not knocked out of the game is a big part of that. #RayDalio #Resilience #Principles

This includes all the granular details about who needs to do what tasks and when. The tasks, the narrative, and the goals are different, so don't mix them up. Remember, the tasks are what connect the narrative to your goals. #principleoftheday

When two people believe opposite things, chances are that one of them is wrong. It pays to find out if that someone is you. That’s why I believe you must appreciate and develop the art of thoughtful disagreement. In thoughtful disagreement, your goal is not to convince the other party that you are right—it is to find out which view is true and decide what to do about it. #principleoftheday

I consider myself an imperfectionist. My memory is naturally wired for conceptual thinking rather than holding onto small details. Because of this, I focus on the big picture and how everything connects, which is exactly what being a global macro investor requires. The greatest teacher I have found for this is simply taking action and learning from the results. In the markets, you get immediate, objective feedback. You can judge your performance down to three decimal places. When you are wrong, it hurts, and when you are right, it is rewarding. Relying on that constant feedback loop is the ultimate education. #RayDalio #Principles

You only need to find one that works. #principleoftheday

Everyone has weaknesses and they are generally revealed in the patterns of mistakes they make. The fastest path to success starts with knowing what your weaknesses are and staring hard at them. #principleoftheday

Practice higher-level thinking by looking down on your machine and thinking about how it can be changed to produce better outcomes. #principleoftheday

While we should all strive to see ourselves objectively, we shouldn't expect everyone to be able to do that well. We all have blind spots; people are by definition subjective. For this reason, it is everyone's responsibility to help others learn what is true about themselves by giving them honest feedback, holding them accountable, and working through disagreements in an open-minded way. #principleoftheday

Replay the story of where you have been (or what you have done) that led up to where you are now, and then visualize what you and others must do in the future so you will reach your goals. #principleoftheday

A big choice in life is accomplishment versus savoring life. Savoring life is taking a moment to smell the roses, enjoying a beautiful day, and making sure you have time with the people you love. Then there's the other side, which is accomplishment and impact. You have to discover for yourself where you are and how you deal with those choices. The key, and the most effective path, is where they align—when you can make your work and your passion one and the same. #RayDalio #LifePrinciples

The nubbiest questions (the ones that there is the greatest disagreement about) are the most important ones to thrash out, as they often concern differences in people's values or their approaches to important decisions. It's especially important to bring these issues to the surface and examine their premises thoroughly and unemotionally. If you don't, they will fester and cause rot. #principleoftheday