Designing precedes doing. The design will give... - Deepstash
RAY DALIO

Designing precedes doing. The design will give you your to-do list.

RAY DALIO

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Principles

by Ray Dalio

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Problems

The next step is identifying the problems that limit you from achieving the selected goals. Most of us are afraid to highlight our weaknesses due to ego barriers and we like to blame instead of admitting. We find having weaknesses painful because society has taught us having weaknesses is a bad thing.

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Diagnose

Now is the time to diagnose those problems and work on them to solve them. To solve them first you have to reach the root cause of those problems. The best technique is the 5 why technique. After identifying problems dig into it up to five levels by asking a why question than relating them all.

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Design

Now is the time to diagnose those problems and work on them to solve them. To solve them first you have to reach the root cause of those problems. The best technique is the 5 why technique. After identifying problems dig into it up to five levels by asking a why question than relating them all.

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RAY DALIO

Replay the story of where you have been and what you have done that led up to where you are now, and then visualize what you and others must do in the future so you will reach your goals.

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Mindset

Most of us are limited by our mindset rather than abilities. Mostly we dont pursue bigger and harder goals cause we like to stay in our comfort zone and pursue something that is relatively easy to do and takes less time. That is why there is only one Steve Jobs, Bill Gates, or Elon musk. They did something that people with mediocre minds can't even dare to do.

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Goal Setting

Everyone sets goals but yet only a little percentage of them completely achieve them cause most of us dont have a system to get to those goals. Anyone can achieve their goals once they implement this 5 step system by Ray Dalio.

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Execute

The last step is to execute the designed solution.

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RELATED IDEAS

Principles = Fundamental Truths
  • Principles are essential truths that work as the foundations for the behavior that leads you where you want in life.
  • Those principles that are most valuable come from your own experiences and your reflections on those experiences.
  • You turn to your principles when you face difficult choices.
  • They connect your values to your actions, guide your actions and help you successfully deal with the reality you live in.

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Principles

by Ray Dalio

The 10 principles of negotiation

Every business is unique and the objective changes every time. There is no such thing as a single winning hand that beats all others. A win-win is needed here.

  1. Know your opponent
  2. Know yourself
  3. Know the goal
  4. Be 100 percent prepared
  5. Deal with the decision maker
  6. Take your time
  7. What can go wrong, will go wrong
  8. Be agile and creative
  9. Establish relationships
  10. Integrity, no matter what

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You need to push to the outer limits of your current ability, and then follow that hard work with appropriate recovery time.

This is how you grow your mind and get better at any skill.

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