#43 Ray Dalio: Principles: Life and Work

Before I begin telling you what I think. I wanna establish that I'm a dumb shit. Who doesn't know much relative to what I need to know. Whatever success I've had in my life has more to do with my knowing how to deal with my not knowing. than anything I know.

The most important thing I learned is an approach to life based on principles. That helps me find out what's true. And what to do about it. Principles are fundamental truths that serve as the foundations for behavior. That get you what you want out of life.

They can be applied again and again in similar situations to help you achieve your goals. Every day each one of us is faced with a blizzard of situations we must respond to. Without principles, we would be forced to react to all the things life throws at us individually. As if we were experiencing each of them for the first time. If instead we classify these situations into types and have good principles for dealing with them.

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