Quick Hit – Ray Dalio – Success Steps

I am currently reading a must read book called ‘Principles’ by Ray Dalio – Ray is the founder of Bridgewater Associates, one of the largest hedge funds in the world. His book is based on the principles he has developed over 30 to 40 years running his company.

I just finished the first section where he talks about his five steps to success.  I thought I’d share these since they have made their way into my notes and thoughts.

  1. Have clear goals.
  2. Don’t tolerate problems that stand in the way of achieving these goals.
  3. Diagnose the problems to get at the root cause of them.
  4. Design plans that will help you get around the problems.
  5. Do what is necessary to push these designs  through to results.

To pull some thoughts from the start of this section. “First you have to pick what you are going after – your goals…you will encounter problems. If you must be calm and analytical so you can accurately diagnose your problems, design a plan that will get you around your problems and do what is necessary to push through those problems to get results”

I am not sure about you – I am great at number one and horrible from 2 through 5. Tony Robins Quote: “Remember: we all get what we tolerate. So stop tolerating excuses within yourself, limiting beliefs of the past, or half-asses or fearful states.” When problems come up with my goals, I am very quick to say “well, I cant do that..next.”

Ray outlines some useful steps to push through step 2.

For more information on Ray Dalio: Principles

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