"The problem hypothesis is a way to think about the viability of your product in a concrete, testable way. It works by reframing your idea for a product as a very specific problem. Say you’ve built a website that lets people order
Source: Ray Dalio's Book Principles
Source: Ray Dalio's Book Principles
1. Even in an idea meritocracy, merit cannot be the only determining factor in assigning responsibility and authority. 2. Make sure that no one is more powerful than the system or so important that they are irreplaceable. 3. Beware of fiefdoms. 4.
1. To produce real behavioral change, understand that there must be internalized or habitualized learning. 2. Use tools to collect data and process it into conclusions and actions. 3. Foster an environment of confidence and fairness by having clearly-stated principles that are
Source: Ray Dalio's Book Principles
Source: Ray Dalio's Book Principles
Don’t confuse checklists with personal responsibility. Source: Ray Dalio's Book Principles
Don’t get frustrated. Source: Ray Dalio's Book Principles
1. Be coordinated and consistent in motivating others. 2. Don’t act before thinking. Take the time to come up with a game plan. 3. Look for creative, cut-through solutions. Source: Ray Dalio's Book Principles