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About Ray Dalio
image  1 Ray Dalio - What are principles
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November 22, 2022

What are principles? Principles are ways of dealing with reality to get 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 of us is faced with a blizzard of situations that we must respond to. Without principles we would be forced to react to all these types of things individually and spontaneously, as if we were experiencing each of them for the first time. If instead we see each of these things as “another one of those” and have good principles for dealing with those types, we will make better decisions more quickly and have better lives as a result. If you were to write down what type of encounter you have every time you have one (e.g., the birth of a child, the loss of a job, a personal disagreement) and how to handle it and compile them, it would probably total just a few hundred items and only a few of them would be unique to you. You might want to try this. If you do, not only will you see for yourself that what I’m saying is true, but you will also start to build a list of the things you need to think about and have principles for. The Principles journal will help you to do this. If you’re interested, you can pre-order it now at the link in bio.
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