Principles: Life and Work

by Ray Dalio

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Principles: Life and Work

by Ray Dalio


Summary

  • Step 4: Make a Plan

    The fourth step is to design a plan to get around your problems. Think about what happened that led you to the present. Visualize what you’ll need to do as an individual or team to reach your goals in the future. Think of your problem as a machine and consider how it can be “fixed” to create bette

  • Step 3: Analyze The Problem

    The third step is to understand the root causes of your problems. Don’t jet instantly from finding the problem to suggesting solutions. Take between 15 minutes and an hour to diagnose the issue and determine the root causes. Talk to the people involved and examine the evidence. Thinking analytically

  • Step 2 : Identify Problems

    The second step is to identify the problems you face and don’t accept them. Even though it doesn’t feel like it, look at issues as potential improvements. Don’t avoid problems but stay calm and try to identify the problems as precisely as possible. Invest your time in the big problems to get the gre

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