Appreciate the art of thoughtful disagreement.
Source: Ray Dalio's Book Principles
Practice radical open-mindedness.
1. Sincerely believe that you might not know the best possible path and recognize that your ability to deal well with “not knowing” is more important than whatever it is you do know. 2. Recognize that decision making is a two-step process:
Recognize your two barriers.
1. Understand your ego barrier. 2. Your two “yous” fight to control you. 3. Understand your blind spot barrier. Source: Ray Dalio's Book Principles
Understand your own and others’ mental maps and humility.
Source: Ray Dalio's Book Principles
Remember that weaknesses don’t matter if you find solutions.
1. Look at the patterns of your mistakes and identify at which step in the 5-Step Process you typically fail. 2. Everyone has at least one big thing that stands in the way of their success; find yours and deal with it.
Push through to completion.
1. Great planners who don’t execute their plans go nowhere. 2. Good work habits are vastly underrated. 3. Establish clear metrics to make certain that you are following your plan. Source: Ray Dalio's Book Principles
Design a plan.
1. Go back before you go forward. 2. Think about your problem as a set of outcomes produced by a machine. 3. Remember that there are typically many paths to achieving your goals. 4. Think of your plan as being like a
Diagnose problems to get at their root causes.
"1. Focus on the “what is” before deciding “what to do about it.” 2. Distinguish proximate causes from root causes. 3. Recognize that knowing what someone (including you) is like will tell you what you can expect from them." - Ray Dalio
Identify and don’t tolerate problems.
1. View painful problems as potential improvements that are screaming at you. 2. Don’t avoid confronting problems because they are rooted in harsh realities that are unpleasant to look at. 3. Be specific in identifying your problems. 4. Don’t mistake a cause
Have clear goals.
1. Prioritize: While you can have virtually anything you want, you can’t have everything you want. 2. Don’t confuse goals with desires. 3. Decide what you really want in life by reconciling your goals and your desires. 4. Don’t mistake the trappings