“I’ve literally watched this 10 times over the past month to put all these things into my subconscious mind. I’ve seen very few videos in my life which have given me the clarity this one has.”
- by Ray Dalio is the founder and cochairman of Bridgewater Associates, which, over the last forty years, has become the largest and best performing hedge fund in the world. Dalio has appeared on the Time 100 list of the most influential people in the world as well as the Bloomberg Markets list of the 50 most influential people. He lives with his family in Connecticut.
Join me on a thought-provoking adventure in my new animated mini-series, Principles for Success. I’ve taken my book Principles, and distilled it into a 30 minute ultra mini series that focuses on the life principles that have helped me the most.
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Quality of your life depends on quality of the millions of decisions you make
Decide what to do, Have the courage to do it. -
Hyper Realism best way to live: Big dreams + Embrace Reality + Lots of Determination = Successful life
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Pain + Reflection = Progress
#meditation- http://bit.ly/martinMeditate - he meditates using TM! -
5 Step Process: 1) Goals, know them and run after them, 2) Encounter Problems, to evolve, need to identify them and not tolerate them 3) Identify core of problems, don’t jump too quickly to solutions, 4) Design to eliminate problems, 5) Execute, push yourself to do what’s needed
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Nature provides a guide for what’s true, everything is a machine. Identify type, then principles to deal with each type specifically
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Barriers: Ego & Blindspot
-Deepest seated needs and fears reside in parts of brain inaccessible to by higher consciousness
-Stress test own opinions
-No one alone can see complete picture of reality -
Radically Open Minded
-How to get exceptional upside without the exceptional downside
-See through the eyes of insightful people who see things differently, their conclusions are not the focus
-Can see Risks and Opportunities that individually you may miss -
Believability Weighted Thinking
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Struggle Well
-Surround with people who can do things better than you can
-Best way to make great decisions
-Everyone struggles, have weaknesses and get by with people who can see things differently from them -
Setbacks sort out people. Evolve or get off the field.
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The Reward: Personal Evolution + the shared journey with great people
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Don’t get attached to old machines, choose how you want to evolve
“I feared boredom and mediocrity more than I feared failure”
- Know your goals and run after them.
- Encounter the problems and don’t tolerate them.
- Diagnose the problems, don’t rush into solutions.
- Design a plan to eliminate the problems.
- Execute those designs.
- Repeat Steps 1-5, over and over.
I created a similar framework that I call "Right Daily Actions"
- Write down your goal
- Identify all the things you have to do EVERY DAY, without fail, in order to reach that goal
- Identify all the external obstacles that prevent you from reaching that goal (TV, friends who are bad influences, lack of certain resources, messy office, etc.)
- Identify all the internal obstacles that prevent you from reaching that goal (self-doubt, negative beliefs, etc.) and overcome them, with or without help
- Reward yourself for doing what you have to do every day. Also provide plenty of resources to support your daily actions.
- Review your progress and create an evolving system from all the steps above