Ray Dalio, the founder of the largest hedge fund in the world, lays down his rules and frameworks he uses to navigate his life. He calls them principles. Principles are fundamental for decision making and allow you to live a life according to your values. 

Ray Dalio uses pr...

Most people adopt pre-packaged principles from parents, religious institutions, or other influential figures without much thought. This exposes you to the risk of inconsistency with your true values. Holding incompatible principles will lead to conflict between values and actions...

Reality + Dreams + Determination = A Successful Life.

The quality of your life depends on the quality of the decisions you make.

And to make better decisions, you need to adopt “hyperrealism”.

Ray describes “hyperrealism” as accepting the realit...

• Value knowing the truth. You have nothing to fear from knowing it
• Cultivate meaningful work and meaningful relationships
• Foster a culture that allows mistakes and encourages learning from them
• Weight your deci...

• Know and understand the biggest threat to good decision making - harmful emotions
• Decision making is a two-step process: first learning, then deciding
• Synthesize the situation you're dealing with
• Make your decisions

“You do not rise to the level of your goals. You fall to the level of your systems.” Your capacity to achieve goals is all about the systems you implement in your “machine”.

To work on your machine, you need to separate your two personalities:

• The “

• Working for what he wanted, not for what others wanted him to do
• Coming up with the best independent opinions he could conceive
• Stress-testing his opinions by having the smartest people finding the flaws in his thinking

A correct understanding of reality is the essential foundation for any good outcome.

• Don’t get attached to your views about how things should be; there should always be space for learning.
• Evolution is the single greatest force in the u...