By Ray Dalio. I need to read this book again.
Dalio is a very driven, analytic man. He leads his life and his business in a very rule driven, principled way. This book is about those principles...
Embrace reality and deal with it. An accurate understanding of reality is the essential foundation for any good outcome. Don't confuse what you wish were true with what is really true.
Be radically opened minded, and radically transparent.
Look to nature to learn how reality works.
Evolving is life's greatest accomplishment and its greatest reward.
Understand nature's practical lessons.
Pain + Reflection = Progress
Weigh second and third order consequences. Don't overweight first-order consequences relative to second and third-order.
Own your outcomes. Don't worry about looking good-- worry about achieving your goals.
Look at things from a higher level.
Face harsh realities. Don't let pain stand in the way of progress
Don't blame bad outcomes on anyone but yourself
1. Have clear goals.
2. Identify and don't tolerate problems that stand in the way of your goals.
3. Accurately diagnose problems to get to their root causes. Why? Why? Why? What? How?
4. Design plans that will get you around them.
5. Do what's necessary to push the designs to results
Weakness doesn't matter if you find solutions.
Appreciate the art of thoughtful disagreement
Triangulate your view with believable people who are willing to disagree.
Recognize the signs of closed-mindedness and open-mindedness
Learning, being open minded, growing, can be painful. Use pain to guide you to quality reflection
Get to know your blind spots.
Understand that people are wired very differently. Find out what others are like
Learn how to make decisions effectively.
The biggest threat to good decision making is harmful emotions. Decision making is a two step process. Learn first, then decide.
Look at the data through time.
Make decisions as expected value calculations
Prioritize by weighing the value of additional information against the cost of not deciding.
Simplify!
Thinking -> Principles -> Algorithms -> Great decisions
Cultivate meaningful work and meaningful relationships.
Treat your org as a machine.
Tough love is effective for achieving both great work, and great relationships.
Get, and stay in Sync. Disagree well. By open minded and assertive.
If you run a meeting, manage the conversation.
Find the most believable people who disagree with you and try to understand their reasoning.
Don't get stuck in disagreement. Escalate or vote!
Once a decision is made, everyone should get behind it. Don't allow mobs rule.
Make believe-ability weighted decisions.
Operate by principles
Systematize your decision making.
Dalio is a very driven, analytic man. He leads his life and his business in a very rule driven, principled way. This book is about those principles...
Embrace reality and deal with it. An accurate understanding of reality is the essential foundation for any good outcome. Don't confuse what you wish were true with what is really true.
Be radically opened minded, and radically transparent.
Look to nature to learn how reality works.
Evolving is life's greatest accomplishment and its greatest reward.
Understand nature's practical lessons.
Pain + Reflection = Progress
Weigh second and third order consequences. Don't overweight first-order consequences relative to second and third-order.
Own your outcomes. Don't worry about looking good-- worry about achieving your goals.
Look at things from a higher level.
Face harsh realities. Don't let pain stand in the way of progress
Don't blame bad outcomes on anyone but yourself
1. Have clear goals.
2. Identify and don't tolerate problems that stand in the way of your goals.
3. Accurately diagnose problems to get to their root causes. Why? Why? Why? What? How?
4. Design plans that will get you around them.
5. Do what's necessary to push the designs to results
Weakness doesn't matter if you find solutions.
Appreciate the art of thoughtful disagreement
Triangulate your view with believable people who are willing to disagree.
Recognize the signs of closed-mindedness and open-mindedness
Learning, being open minded, growing, can be painful. Use pain to guide you to quality reflection
Get to know your blind spots.
Understand that people are wired very differently. Find out what others are like
Learn how to make decisions effectively.
The biggest threat to good decision making is harmful emotions. Decision making is a two step process. Learn first, then decide.
Look at the data through time.
Make decisions as expected value calculations
Prioritize by weighing the value of additional information against the cost of not deciding.
Simplify!
Thinking -> Principles -> Algorithms -> Great decisions
Cultivate meaningful work and meaningful relationships.
Treat your org as a machine.
Tough love is effective for achieving both great work, and great relationships.
Get, and stay in Sync. Disagree well. By open minded and assertive.
If you run a meeting, manage the conversation.
Find the most believable people who disagree with you and try to understand their reasoning.
Don't get stuck in disagreement. Escalate or vote!
Once a decision is made, everyone should get behind it. Don't allow mobs rule.
Make believe-ability weighted decisions.
Operate by principles
Systematize your decision making.
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