If your goals are not well-grounded, and if you don’t take into account the physical laws you’re only wasting your time. Yes, there are quotes like, “if your dreams don’t scare you they aren’t big enough.” But these things shouldn’t be taken so seriously. The opposite is only going to cost you time and money without any real results. True success is only achieved by people who deeply understand reality and know how to use it to get what they want out of life. Yes, they have dreams and fantasies but everything they do is something that can actually happen. The people who really make a change in the world are those who understand what’s possible and find a way to make that happen. Or in other words, as the author states in the book, to be hyperrealist. The best way to solve big problems and increase your odds of success is to understand what is true and what is real. You need something more than just being overly optimistic. Hope and dreams are both good things but by themselves, these two won’t get you closer to your goals.

Lesson #5: Achieving Success Can be Described in 5 Steps.

Lesson #4: The Quality Of Our Lives Depends On The Quality Of The Decisions We Make.Lesson #3: Reflecting On Your Weaknesses Will Help You Improve.

Lesson #2: The Desire To Evolve And To Get Better Is Humanity’s Driving Force.And if you manage to create a great culture, get the right people together, you’ll achieve excellence in what you do. He believes the results of a company are primarily determined by its people and its culture. By doing so, he wants to help us get what we want from life for us and for our business. Ray Dalio’s attempt is to identify the specific habits and behaviors that his company uses to be and to stay successful. This book will help you figure out what you want in life, what is generally true in life, and what you can do about all of this. Why it’s important to have principles in general and how these rules can be applied in our daily lives. The 210 management principles Ray Dalio – one of the world’s most successful investors and entrepreneurs – uses to run his company: Bridgewater.

Supporting Members get access to a downloadable worksheet. Written by book fanatic and online librarian Ivaylo Durmonski. Covering the key ideas and proposing practical ways for achieving what’s mentioned in the text. This is a comprehensive summary of the book Principles: Life and Work by Ray Dalio.

Ray dalio principles summary