Not Ray Dalio
66 Posts
Not Ray Dalio
Report
Block User
There's a principle for everything, and the economy is a machine。
0 Following
8 Followers
23 Liked
Posts
All
Videos
Everyone makes mistakes.
The main difference is that successful people learn from them and unsuccessful people don’t.
By creating an environment in which it is okay to safely make mistakes so that people can learn from them, you’ll see rapid progress and fewer significant mistakes. This is especially true in organizations where creativity and independent thinking are important, as success will inevitably require the acceptance of failure as a part of the process.
As Thomas Edison once said, “I have not failed. I’ve just found ten thousand ways that do not work.” #principleoftheday
Everyone makes mistakes.
The main difference is that successful people learn from them and unsuccessful people don’t.
By creating an environment in which it is okay to safely make mistakes so that people can learn from them, you’ll see rapid progress and fewer significant mistakes. This is especially true in organizations where creativity and independent thinking are important, as success will inevitably require the acceptance of failure as a part of the process.
As Thomas Edison once said, “I have not failed. I’ve just found ten thousand ways that do not work.” #principleoftheday
The main difference is that successful people learn from them and unsuccessful people don’t.
By creating an environment in which it is okay to safely make mistakes so that people can learn from them, you’ll see rapid progress and fewer significant mistakes. This is especially true in organizations where creativity and independent thinking are important, as success will inevitably require the acceptance of failure as a part of the process.
As Thomas Edison once said, “I have not failed. I’ve just found ten thousand ways that do not work.” #principleoftheday
202
Though it won't feel that way at first, each and every problem you encounter is an opportunity; for that reason, it is essential that you bring them to the surface.
Most people don't like to do this, especially if it exposes their own weaknesses or the weaknesses of someone they care about, but successful people know they have to. #principleoftheday
Though it won't feel that way at first, each and every problem you encounter is an opportunity; for that reason, it is essential that you bring them to the surface.
Most people don't like to do this, especially if it exposes their own weaknesses or the weaknesses of someone they care about, but successful people know they have to. #principleoftheday
Most people don't like to do this, especially if it exposes their own weaknesses or the weaknesses of someone they care about, but successful people know they have to. #principleoftheday
2
396
Worrying about "blame" and "credit" or "positive" and "negative" feedback impedes the iterative process that is essential to learning.
Remember that what has already happened lies in the past and no longer matters except as a lesson for the future. #principleoftheday
Worrying about "blame" and "credit" or "positive" and "negative" feedback impedes the iterative process that is essential to learning.
Remember that what has already happened lies in the past and no longer matters except as a lesson for the future. #principleoftheday
Remember that what has already happened lies in the past and no longer matters except as a lesson for the future. #principleoftheday
343
This is a requirement.
Being considerate means allowing other people to mostly do what they want, so long as it is consistent with our principles, policies, and the law. It also means being willing to put others ahead of your own desires. If the people on both sides of an argument approach their disagreements in this way, we will have many fewer disputes about who is offending whom. #principleoftheday
This is a requirement.
Being considerate means allowing other people to mostly do what they want, so long as it is consistent with our principles, policies, and the law. It also means being willing to put others ahead of your own desires. If the people on both sides of an argument approach their disagreements in this way, we will have many fewer disputes about who is offending whom. #principleoftheday
Being considerate means allowing other people to mostly do what they want, so long as it is consistent with our principles, policies, and the law. It also means being willing to put others ahead of your own desires. If the people on both sides of an argument approach their disagreements in this way, we will have many fewer disputes about who is offending whom. #principleoftheday
409
You need to develop a fierce intolerance of badness of any kind, regardless of its severity. #principleoftheday
You need to develop a fierce intolerance of badness of any kind, regardless of its severity. #principleoftheday
445
They are rare. Such relationships take time to build and can only be built if you treat such people well. #principleoftheday
They are rare. Such relationships take time to build and can only be built if you treat such people well. #principleoftheday
1
555
When we are in meetings, we use a tool for what we call "dotting." It allows everyone to convey what they are seeing and how each person is behaving in real time.
You can look at a screen and see, in color, how people are seeing each other. You see who thinks something is the most arrogant thing, or the stupidest thing, or that you aren't being considerate.
When you see that visualization in real time, you are forced to ask yourself: How do I know that I’m seeing it the right way? How do I know that I’m not the wrong one?
You realize you are just one of those dots in that line and in that grid. It causes you to go above yourself and provides perspective. Once you see how everyone else is seeing the situation, it raises a fundamental question: Together, how do we know what’s best?
Just because an idea is in your head doesn’t mean it’s best. To make the right decisions, we have to look past our own individual assumptions and work together to find the truth.
When we are in meetings, we use a tool for what we call "dotting." It allows everyone to convey what they are seeing and how each person is behaving in real time.
You can look at a screen and see, in color, how people are seeing each other. You see who thinks something is the most arrogant thing, or the stupidest thing, or that you aren't being considerate.
When you see that visualization in real time, you are forced to ask yourself: How do I know that I’m seeing it the right way? How do I know that I’m not the wrong one?
You realize you are just one of those dots in that line and in that grid. It causes you to go above yourself and provides perspective. Once you see how everyone else is seeing the situation, it raises a fundamental question: Together, how do we know what’s best?
Just because an idea is in your head doesn’t mean it’s best. To make the right decisions, we have to look past our own individual assumptions and work together to find the truth.
You can look at a screen and see, in color, how people are seeing each other. You see who thinks something is the most arrogant thing, or the stupidest thing, or that you aren't being considerate.
When you see that visualization in real time, you are forced to ask yourself: How do I know that I’m seeing it the right way? How do I know that I’m not the wrong one?
You realize you are just one of those dots in that line and in that grid. It causes you to go above yourself and provides perspective. Once you see how everyone else is seeing the situation, it raises a fundamental question: Together, how do we know what’s best?
Just because an idea is in your head doesn’t mean it’s best. To make the right decisions, we have to look past our own individual assumptions and work together to find the truth.
1
323
So I certainly don’t want to dissuade you from going after whatever you want.
At the same time, I urge you to reflect on whether what you are going after is consistent with your nature.
Whatever your nature is, there are many paths that will suit you, so don’t fixate on just one. Should a particular path close, all you have to do is find another good one consistent with what you’re like. #principleoftheday
So I certainly don’t want to dissuade you from going after whatever you want.
At the same time, I urge you to reflect on whether what you are going after is consistent with your nature.
Whatever your nature is, there are many paths that will suit you, so don’t fixate on just one. Should a particular path close, all you have to do is find another good one consistent with what you’re like. #principleoftheday
At the same time, I urge you to reflect on whether what you are going after is consistent with your nature.
Whatever your nature is, there are many paths that will suit you, so don’t fixate on just one. Should a particular path close, all you have to do is find another good one consistent with what you’re like. #principleoftheday
2
1
858
I know that my own life has been full of mistakes and lots of great feedback.
It was only by looking down on this body of evidence from a higher level that I was able to get around my mistakes and go after what I wanted. For as long as I have been practicing this, I still know I can't see myself objectively, which is why I continue to rely so much on the input of others. #principleoftheday
I know that my own life has been full of mistakes and lots of great feedback.
It was only by looking down on this body of evidence from a higher level that I was able to get around my mistakes and go after what I wanted. For as long as I have been practicing this, I still know I can't see myself objectively, which is why I continue to rely so much on the input of others. #principleoftheday
It was only by looking down on this body of evidence from a higher level that I was able to get around my mistakes and go after what I wanted. For as long as I have been practicing this, I still know I can't see myself objectively, which is why I continue to rely so much on the input of others. #principleoftheday
3
1
622
Most people look at a resume to evaluate skills, but in my opinion, the priority should be the exact opposite.
When evaluating someone, focus on three things in this order: values, abilities, skills.
Skills are actually the least important because if someone has the right abilities, their skills can always adapt.
Credit: Sam Parr, Shaan Puri, and @myfirstmilpod
#Principles #Leadership #Hiring
Most people look at a resume to evaluate skills, but in my opinion, the priority should be the exact opposite.
When evaluating someone, focus on three things in this order: values, abilities, skills.
Skills are actually the least important because if someone has the right abilities, their skills can always adapt.
Credit: Sam Parr, Shaan Puri, and @myfirstmilpod
#Principles #Leadership #Hiring
When evaluating someone, focus on three things in this order: values, abilities, skills.
Skills are actually the least important because if someone has the right abilities, their skills can always adapt.
Credit: Sam Parr, Shaan Puri, and @myfirstmilpod
#Principles #Leadership #Hiring
2
715
Meaningful relationships are invaluable for building and sustaining a culture of excellence, because they create the trust and support that people need to push each other to do great things.
If the overwhelming majority of people care about having an excellent community, they will take care of it, which will yield both better work and better relationships.
Relationships have to be genuine, not forced; at the same time, the culture of the community will have a big influence on how people value relationships and how they behave with each other. #principleoftheday
Meaningful relationships are invaluable for building and sustaining a culture of excellence, because they create the trust and support that people need to push each other to do great things.
If the overwhelming majority of people care about having an excellent community, they will take care of it, which will yield both better work and better relationships.
Relationships have to be genuine, not forced; at the same time, the culture of the community will have a big influence on how people value relationships and how they behave with each other. #principleoftheday
If the overwhelming majority of people care about having an excellent community, they will take care of it, which will yield both better work and better relationships.
Relationships have to be genuine, not forced; at the same time, the culture of the community will have a big influence on how people value relationships and how they behave with each other. #principleoftheday
2
485
Productivity matters most in the long run, but credit matters most in the short run. This is because productivity growth doesn't fluctuate much, but debt does—allowing us to consume more than we produce when we acquire it, and forcing us to consume less when we have to pay it back.
Productivity matters most in the long run, but credit matters most in the short run. This is because productivity growth doesn't fluctuate much, but debt does—allowing us to consume more than we produce when we acquire it, and forcing us to consume less when we have to pay it back.
2
1
565
They can take in the perspectives of others instead of being trapped in their own heads with their own biases.
They are able to look objectively at what they are like--their strengths and weaknesses--and what others are like to put the right people in the right roles to achieve their goals.
Once you understand how to do this you'll see that there's virtually nothing you can't accomplish. You will just have to learn how to face your realities and use the full range of resources at your disposal. #principleoftheday
They can take in the perspectives of others instead of being trapped in their own heads with their own biases.
They are able to look objectively at what they are like--their strengths and weaknesses--and what others are like to put the right people in the right roles to achieve their goals.
Once you understand how to do this you'll see that there's virtually nothing you can't accomplish. You will just have to learn how to face your realities and use the full range of resources at your disposal. #principleoftheday
They are able to look objectively at what they are like--their strengths and weaknesses--and what others are like to put the right people in the right roles to achieve their goals.
Once you understand how to do this you'll see that there's virtually nothing you can't accomplish. You will just have to learn how to face your realities and use the full range of resources at your disposal. #principleoftheday
1
1
377
Many of you have reached out saying giving critical feedback is one of your biggest challenges. Here are a few core principles that helped me navigate it throughout my career. #principleoftheday
Many of you have reached out saying giving critical feedback is one of your biggest challenges. Here are a few core principles that helped me navigate it throughout my career. #principleoftheday
342
Everyone fails.
Anyone you see succeeding is only succeeding at the things you're paying attention to--I guarantee they are also failing at lots of other things. The people I respect most are those who fail well. I respect them even more than those who succeed. #principleoftheday
Everyone fails.
Anyone you see succeeding is only succeeding at the things you're paying attention to--I guarantee they are also failing at lots of other things. The people I respect most are those who fail well. I respect them even more than those who succeed. #principleoftheday
Anyone you see succeeding is only succeeding at the things you're paying attention to--I guarantee they are also failing at lots of other things. The people I respect most are those who fail well. I respect them even more than those who succeed. #principleoftheday
1
448
The most common mistake smart investors make is not having a clear game plan.
To build a solid strategy, write down your criteria for making a decision, then stress-test it against history. Every time you make a decision, go back and ask: “If I made that decision under these circumstances in the past, how would it have worked?”
Knowing the track record of your decision-making criteria gives you a much deeper understanding of how things actually work.
Credit: Sam Parr, Shaan Puri, and My First Million
#Investing #Principles #RayDalio #FinancialWisdom
The most common mistake smart investors make is not having a clear game plan.
To build a solid strategy, write down your criteria for making a decision, then stress-test it against history. Every time you make a decision, go back and ask: “If I made that decision under these circumstances in the past, how would it have worked?”
Knowing the track record of your decision-making criteria gives you a much deeper understanding of how things actually work.
Credit: Sam Parr, Shaan Puri, and My First Million
#Investing #Principles #RayDalio #FinancialWisdom
To build a solid strategy, write down your criteria for making a decision, then stress-test it against history. Every time you make a decision, go back and ask: “If I made that decision under these circumstances in the past, how would it have worked?”
Knowing the track record of your decision-making criteria gives you a much deeper understanding of how things actually work.
Credit: Sam Parr, Shaan Puri, and My First Million
#Investing #Principles #RayDalio #FinancialWisdom
1
341
One of the hardest things for people to do is to objectively look down on themselves within their circumstances (i.e., their machine) so that they can act as the machine's designer and manager.
Most people remain stuck in the perspective of being a worker within the machine.
If you can recognize the differences between those roles and that it is much more important that you are a good designer/manager of your life than a good worker in it, you will be on the right path. #principleoftheday
One of the hardest things for people to do is to objectively look down on themselves within their circumstances (i.e., their machine) so that they can act as the machine's designer and manager.
Most people remain stuck in the perspective of being a worker within the machine.
If you can recognize the differences between those roles and that it is much more important that you are a good designer/manager of your life than a good worker in it, you will be on the right path. #principleoftheday
Most people remain stuck in the perspective of being a worker within the machine.
If you can recognize the differences between those roles and that it is much more important that you are a good designer/manager of your life than a good worker in it, you will be on the right path. #principleoftheday
2
363
If you don't mind being wrong on the way to being right you'll learn a lot--and increase your effectiveness.
But if you can't tolerate being wrong, you won't grow, you'll make yourself and everyone around you miserable, and your work environment will be marked by petty backbiting and malevolent barbs rather than by a healthy, honest search for truth. #principleoftheday
If you don't mind being wrong on the way to being right you'll learn a lot--and increase your effectiveness.
But if you can't tolerate being wrong, you won't grow, you'll make yourself and everyone around you miserable, and your work environment will be marked by petty backbiting and malevolent barbs rather than by a healthy, honest search for truth. #principleoftheday
But if you can't tolerate being wrong, you won't grow, you'll make yourself and everyone around you miserable, and your work environment will be marked by petty backbiting and malevolent barbs rather than by a healthy, honest search for truth. #principleoftheday
1
310
This evaluation and improvement process exactly mirrors the evolutionary process I described earlier. It means looking at how to improve or change the design or people to achieve your goals. Schematically, the process is a feedback loop, as shown in the diagram here. #principleoftheday
This evaluation and improvement process exactly mirrors the evolutionary process I described earlier. It means looking at how to improve or change the design or people to achieve your goals. Schematically, the process is a feedback loop, as shown in the diagram here. #principleoftheday
295
Sometimes people mistake generosity for not being fair.
For example, when Bridgewater arranged for a bus to shuttle people who live in New York City to our Connecticut office, one employee asked, "It seems it would be fair to also compensate those of us who spend hundreds of dollars on gas each month, particularly in light of the New York City bus."
This line of thinking mistakes an act of generosity for some for an entitlement for everyone. #principleoftheday
Sometimes people mistake generosity for not being fair.
For example, when Bridgewater arranged for a bus to shuttle people who live in New York City to our Connecticut office, one employee asked, "It seems it would be fair to also compensate those of us who spend hundreds of dollars on gas each month, particularly in light of the New York City bus."
This line of thinking mistakes an act of generosity for some for an entitlement for everyone. #principleoftheday
For example, when Bridgewater arranged for a bus to shuttle people who live in New York City to our Connecticut office, one employee asked, "It seems it would be fair to also compensate those of us who spend hundreds of dollars on gas each month, particularly in light of the New York City bus."
This line of thinking mistakes an act of generosity for some for an entitlement for everyone. #principleoftheday
567
Log in to explore more content
Join global crypto users on Binance Square
⚡️ Get latest and useful information about crypto.
💬 Trusted by the world’s largest crypto exchange.
👍 Discover real insights from verified creators.
Email / Phone number
Trending Topics
FedMinutesFocusOnOctoberPause
320,032 views
1,968 Discussing
🚨 HIGH ALERT ‼️ PLEASE DON’T TRADE BLINDLY FOR THE NEXT HOUR 🚨
Guys, we have FOMC Minutes coming in less than 1 hour.
And after the kind of volatility we already saw today, I really don’t want anyone opening random high-leverage positions just before this release.
The biggest reaction I’m watching will be in Gold (XAU), Silver (XAG), BTC and ETH. Then coins like SOL and other highly leveraged mid/low-cap alts can exaggerate whatever move BTC makes.
Gold and Silver are especially sensitive tonight because the market is already reacting to the US dollar + Treasury yields, and both metals have been under heavy pressure ahead of the Fed minutes.
Briefly speaking
📉Hawkish Fed Minutes → Dollar/yields can push higher → pressure on BTC, crypto, Gold & silver
📈Dovish Fed Minutes → Dollar/yields can cool → BTC, Gold, Silver and risk assets can bounce hard.
And please remember the first candle can be a trap. We can get a pump, immediate dump, liquidations on both sides, and then the real direction.
So for now, protect your positions, reduce unnecessary leverage and don’t FOMO into the first move.
Tonight I’m watching $XAU , $XAG and $BTC first. These will tell us very quickly how the market is reading the Fed.
I will Update you guys on time
Follow @Panda Traders and Turn on Your notifications right now
#FedMinutesFocusOnOctoberPause
Panda Traders
·21 Likes
·5k views
XRPSpotETFsHold$1.7BWeeklyInflowsSlow
0 views
6 Discussing
FrenchHillUrgesCLARITYActPassageInLameDuck
0 views
18 Discussing