PRINCIPLES: LIFE AND WORK (BY RAY DALIO)

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Animated video summary of the top 5 greatest takeaways from Ray Dalio’s Principles: Life and Work. Advice from the founder of Bridgewater Associates, one of the largest hedge funds in the world.

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Top 5 takeaways from Principles: Life and Work:

00:10 1. Create Principles: Systemize Your Decision-Making!
03:36 2. The 5-Step Process to Ultimate Success
07:05 3. Be Radically Open-Minded
09:50 4. How To Handle Your Weaknesses
11:55 5. Learn How to Synthesize Well

TL;DW:
- To be more efficient in your decision-making process, you must create principles. Also, this is essential for evaluating and improving.
- Have clear goals, don’t tolerate problems, diagnose problems’ root causes, design plans to get around problems and do what’s necessary to remove them
- You must be radically open-minded – WHAT is right is far more important than WHO is
- The best ways to cope with your weaknesses is to either try to work at them, find ways around them, or changing what you’re going after
- Learn how to synthesize well – get as accurate of a picture of reality as possible

My goal with this channel is to help you make more money and improve your personal finances. How to become a millionaire? There are many ways to get there – investing in the stock market, becoming a stock trader, doing real estate investing, or why not becoming an entrepreneur? But whether you are interested in how to invest in stocks or investing strategies for creating passive income with rental properties – I hope to be able to provide you with a solution (or at least an idea) here. Warren Buffett - the greatest investor of our time - says that you should fill your mind with competing ideas and then see what makes sense to you. This channel is about filling your mind with those ideas. And in the process – upgrading your money-making toolbox.

Видео PRINCIPLES: LIFE AND WORK (BY RAY DALIO) канала The Swedish Investor