Principles Book Summary (PDF) by Ray Dalio

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Why This Book Matters:

Principles shares how to simplify the decision-making process through techniques learned by Ray Dalio, one of the world’s most successful men of business.

The Big Takeaways:

  1. The natural world’s order and evolvement provide you with an image bigger than yourself.
    1. If Create guidelines for yourself that become your core for decision-making.
  2. Choose the right goal by deciding what is most important to you.
    1. Setting too many goals for yourself will result in failure. Find what is crucial for your happiness and success, and focus on it.
  3. Honesty is the most important thing in any relationship.
    1. Creating a space where honesty can be practiced regularly will result in a stronger bond as a team.
  4. Providing your team with visuals to help them see their progress aids in better production.
    1. Showing your team through charts and other visual aids where their skills are most important helps them better visualize themselves as part of a bigger picture.
  5. Start at the top when building your team.
    1. Problems will come, which is why you must have the proper people in place to turn those problems into teaching moments adequately and independently.

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