Principles
by Ray Dalio
"Principles" by Ray Dalio outlines the author's personal and professional principles that have guided his success as an investor and entrepreneur. The book emphasizes the importance of radical transparency, decision-making based on data and logic, and creating a culture of open-mindedness. Dalio provides practical frameworks for achieving goals and improving one's life and work through systematic thinking.
19 curated highlights from this book
Key Insights & Memorable Quotes
Below are the most impactful passages and quotes from Principles, carefully selected to capture the essence of the book.
Truth is the ultimate weapon.
Pain + Reflection = Progress.
The most important thing is to be radically open-minded.
You can’t have a good life without good relationships.
Embrace reality and deal with it.
He who has the most information wins.
To be successful, you must be a great learner.
The best way to achieve your goals is to have a plan.
Radical transparency leads to greater trust.
The most important thing is to have a clear and principled decision-making process.
Pain plus reflection equals progress.
He who is good at making excuses is seldom good at anything else.
Understand that people are wired very differently.
The best way to achieve your goals is to find a way to make them happen.
Knowing what you don’t know is more useful than being smart.
Radical transparency is the key to a successful organization.
You can have anything you want, but not everything you want.
Mistakes are a source of learning; they should be embraced.