[Self Dev] Principles - Ray Dalio Flashcards

1
Q

Principles - Ray Dalio

What do you need for a great life?

D-IT-OM-C-H

A

Dreams +
Independent-thinker +
Open-minded +
Courage +
Humility

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2
Q

Principles - Ray Dalio

Explain the relationship between a problem and a principle in the context of improving decision-making.

A

A problem provides a principle. With this principle, similar problems can be solved, leading to improved decision-making.

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3
Q

Principles - Ray Dalio

Why is understanding reality (truth) important?

A

Understanding reality leads to
- Better outcomes,
- Helps in choosing dreams wisely,
- Enables the improvement of decision-making.

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4
Q

Principles - Ray Dalio

How does being radically open-minded enhance the efficiency of feedback loops?

A

Radical open-mindedness accelerates the learning process
…by the understanding of reality through real-time feedback loops,

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5
Q

Principles - Ray Dalio

Benefits of being radically transparent in work and relationships.

A

Radical transparency makes one’s actions and intentions clear, fostering meaningful work and relationships by allowing mutual understanding.

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6
Q

Principles - Ray Dalio

What are the 2 perspectives to learning from nature’s laws?

A

Nature’s laws can be approached through both top-down (universal code/law) and bottom-up (specific codes/laws for cases) perspectives.

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7
Q

Principles - Ray Dalio

What are Principles?

A

Principles are foundations aligned with goals and nature, applied repeatedly in similar situations to enhance decision-making for better outcomes.

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8
Q

Principles - Ray Dalio

What is the nature of evolution and its optimization?

A

Evolution involves constant adaptations and inventions benefiting the whole,
as nature optimizes for the entire system, not just the individual.

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9
Q

Principles - Ray Dalio

Briefly explain the concept that “Perfection is a goal that fuels a never-ending process of evolution in nature.”

A

Perfection serves as a goal driving an ongoing evolutionary process in nature, emphasizing continuous adaptations and improvements.

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10
Q

Principles - Ray Dalio

What are the 6 key actions emphasized in incorporating Principles into life?

BCA-ROM-MBD-OHA-SDMA-DPC

A

Be clear and authentic about principles,
reflect on mistakes (find principles),
make believability-weighted decisions,
operate with humility and audacity,
systemize decision-making through algorithms,
document principles for collaboration.

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