#dalio

I recently read Principles by Ray Dalio. I should rephrase that. I recently read half of Principles by Ray Dalio and after I got through the Life Principles I just couldn’t take it anymore and put it down. I would give it a solid 4/10. It had a lot of potential. It had some good points. But it tried to make too many points at once and take on too many topics which just made it confusing and gave it no direction. The author often commented on tangents about evolution and neuroscience without really any background or justification about why he should be speaking to those topics other than that he read a book about it. Which made me feel like if I just read more, I’d probably have all the knowledge in this book without even having to read it. If it had more focus and stuck to one point at a time instead of jumping around from topic to topic at warp speed, it would have been a better book. And I would have probably stuck with to the end. However, it was repetitive and never really got to a deeper meaning. 

Here are some key learning points that I picked up despite this: 

Success comes from how to deal with not knowing rather than knowing anything in particular. 

Principles are developed as you go through struggles in life. In future struggles you can apply your principles to more easily get through each new situation. 

It is good to embrace the bad and try to fix it, as the good will take care of itself. 

Pain is a lucky feeling to have as it alerts you that you need to find a solution so you can progress. 

If you aren’t failing you aren’t pushing you limits, and if you aren’t pushing your limits, you’re not maximizing your potential. 

Your quality of life will depend on the choices you make in difficult moments. 

You will find more happiness if you take responsibility for what you can control rather than complaining about what you can’t. 

If you can do these five things well and individually in order, you will be successful:  

1.) Have clear goals  

2.) Identify and don’t tolerate problems that stand in the way of achieving your goals  

3.) Accurately diagnose the problems and get at their root causes  

4.) Design plans that will get you around them  

5.) Do what’s necessary to push these designs through to results

Never rule out a goal because you think it’s unattainable.  

Decision takes two steps, taking in all information, then deciding.  

If you know what a person is like, you have a pretty good idea of what you can expect from them. 

It is faster to accept your weaknesses and set up guardrails than to change them.  

The biggest threat to good decision making is harmful emotions.  

Until you make the unconscious conscious you will direct your life and call it fate. 

You must weigh the costs of getting more information and waiting to decide. Some decisions need to be immediate.  

In order to have the best possible life you have to know what the best decisions are and have the courage to make them.  

The most important thing about your failures is how you react to them. They can ruin you or fuel you. 

Marcel Dalio Tempête, Dominique Bernard-Deschamps (1940).

Finans uzmanı Ray Dalio, ABD’nin küresel gücünün Hürmüz Boğazı üzerinden test edildiğini belirtiyor. Dalio’ya göre, 1956’da İngiltere’nin Süveyş Kanalı’nı kaybetmesi gibi, ABD de Hürmüz’ü kontrol edemezse süper güç imajını kaybedebilir. Hürmüz Boğazı dünya petrol ve LNG ticaretinin kritik noktası; İran’ın burada yaptığı manevralar ABD’nin ekonomik ve siyasi sabrını sınarken, 38 trilyon dolarlık…