In order to be successful, you have to write your own personal algorithm.
According to Ray Dalio, the founder of the biggest investment firm on the planet, Bridgewater, it’s about time that we started learning from our mistakes. Whether talking about the economy, a business or your personal life, what he sees is that things happen in reoccurring patterns. When you realize that, you can use it to your advantage. All you have to do is write them down, decide on how you want to treat these patterns to your benefit and execute on it.
Dalio has built his company doing exactly that and is now sharing his insights with the world.
In his book Principles he teaches you how to write principles down in an easy ‘if-then’ manner so that you can keep revisiting and improving on them. In the end, they will work for you like the algorithms of a computer.
Recently, Ray is sounding the alarm on the world economy, because it is showing the exact same patterns as in two earlier times the world’s markets collapsed, and he believes it will collapse again in about two years time. You can read more about it in this article by Business Insider.
The first video will give you a nice introduction to his book Principles: Life and Work.
Now, if you really want to get into Dalio’s brain, you should check his reading list in this article.
Or if you’re more of a listener, check out Bloomberg’s podcast on Dalio’s views on meaningful work and relationships below:
About Ray Dalio
Raymond Dalio (born August 8, 1949) is an American billionaire investor, hedge fund manager, and philanthropist. Dalio is the founder of investment firm Bridgewater Associates, one of the world's largest hedge funds. As of January 2018, he is one of the world's 100 wealthiest people, according to Bloomberg.
Source: Wikipedia
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