Smart people are the ones who ask the most thoughtful questions, as opposed to thinking they have all the answers. Great questions are a much better indicator of future success than great answers. #PrincipleOfTheDay
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Ray Dalio
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My family and I wish we could personally thank each and every one of you who shared your caring and condolences for our loss. While I knew about the power of love I had no idea what a healing effect it would have. And I had no idea that we could build such relationships as we have on social media. You are good, kind people who I admire and feel that I have a meaningful relationship with. For me our interactions were a good reminder of the healing and strengthening power of love and empathy as compared with the destructive power of hate and lack of empathy, especially at this time when hate and lack of empathy are on the ascent. Thank you for all of this.
Please excuse me for not further exchanging thoughts with you at this time as I need the time for quiet reflection with my family. I expect to reengage after the holidays.
Please excuse me for not further exchanging thoughts with you at this time as I need the time for quiet reflection with my family. I expect to reengage after the holidays.
You've heard the expression âno pain no gain.â Psychologists have shown that the most powerful personal transformations come from experiencing the pain from mistakes that a person never wants to have againâknown as âhitting bottom.â So don't be hesitant to give people those experiences or have them yourself. While it is important to be clear to people about what they are doing well, it is even more important to point out their weaknesses and have them reflect on them. Problems require more time than things that are going well. They must be identified and understood and addressed, while things that are running smoothly require less attention. Instead of celebrating how great we are, we focus on where we need to improve, which is how we got to be so great.
To see this principle in action, check out this week's Case of the Week: https://lnkd.in/g4sDZpt
#principleoftheday
To see this principle in action, check out this week's Case of the Week: https://lnkd.in/g4sDZpt
#principleoftheday
Everyone fails. Anyone you see succeeding is only succeeding at the things youâre paying attention toâI 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. That is because failing is a painful experience while succeeding is a joyous one, so it requires much more character to fail, change, and then succeed than to just succeed. People who are just succeeding must not be pushing their limits. Of course the worst are those who fail and donât recognize it and donât change. #principleoftheday
Thinking about problems that are diďŹcult to solve may make you anxious, but not thinking about them (and hence not dealing with them) should make you more anxious still. #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. That is because failing is a painful experience while succeeding is a joyous one, so it requires much more character to fail, change, and then succeed than to just succeed. People who are just succeeding must not be pushing their limits. Of course the worst are those who fail and don't recognize it and don't change.
If you can do these ďŹve things well, you will almost certainly be successful.
Together, these ďŹve steps make up a loop, like the last image below. Letâs look at this process more granularly.
First you have to pick what you are going afterâyour goals. Your choice of goals will determine your direction. As you move toward them, you will encounter problems. Some of those problems will bring you up against your own weaknesses. How you react to the pain that causes is up to you. If you want to reach your goals, you must be calm and analytical so that you can accurately diagnose your problems, design a plan that will get you around them, and do whatâs necessary to push through to results.
Then you will look at the new results you achieve and go through the process again. To evolve quickly, you will have to do this fast and continuously, setting your goals successively higher.
(continued in comments)
Together, these ďŹve steps make up a loop, like the last image below. Letâs look at this process more granularly.
First you have to pick what you are going afterâyour goals. Your choice of goals will determine your direction. As you move toward them, you will encounter problems. Some of those problems will bring you up against your own weaknesses. How you react to the pain that causes is up to you. If you want to reach your goals, you must be calm and analytical so that you can accurately diagnose your problems, design a plan that will get you around them, and do whatâs necessary to push through to results.
Then you will look at the new results you achieve and go through the process again. To evolve quickly, you will have to do this fast and continuously, setting your goals successively higher.
(continued in comments)
In some cases, people accept unacceptable problems because they are perceived as too difficult to fix. Yet fixing unacceptable problems is a lot easier than not fixing them, because not fixing them will lead to more stress, more work, and chronic bad outcomes that could get you fired. So remember one of the first principles of management: You need to look at the feedback you're getting on your machine and either fix your problems or escalate them, if need be, over and over again. There is no easier alternative than bringing problems to the surface and putting them in the hands of good problem solvers. #principleoftheday
There is no avoiding pain, especially if youâre going after ambitious goals. Believe it or not, you are lucky to feel that kind of pain if you approach it correctly, because it is a signal that you need to ďŹnd solutions so you can progress. If you can develop a reďŹexive reaction to psychic pain that causes you to reďŹect on it rather than avoid it, it will lead to your rapid learning/evolving.
To see this principle in action, check out this week's Case of the Week: https://lnkd.in/gwpmgnW
To see this principle in action, check out this week's Case of the Week: https://lnkd.in/gwpmgnW
There is no avoiding pain, especially if youâre going after ambitious goals. Believe it or not, you are lucky to feel that kind of pain if you approach it correctly, because it is a signal that you need to ďŹnd solutions so you can progress. If you can develop a reďŹexive reaction to psychic pain that causes you to reďŹect on it rather than avoid it, it will lead to your rapid learning/evolving. After seeing how much more eďŹective it is to face the painful realities that are caused by your problems, mistakes, and weaknesses, I believe you wonât want to operate any other way. Itâs just a matter of getting in the habit of doing it.
Most people have a tough time reďŹecting when they are in pain and they pay attention to other things when the pain passes, so they miss out on the reďŹections that provide the lessons. If you can reďŹect well while youâre in pain (which is probably too much to ask), great. But if you can remember to reďŹect after it passes, thatâs valuable too.
(continued in comments)
Most people have a tough time reďŹecting when they are in pain and they pay attention to other things when the pain passes, so they miss out on the reďŹections that provide the lessons. If you can reďŹect well while youâre in pain (which is probably too much to ask), great. But if you can remember to reďŹect after it passes, thatâs valuable too.
(continued in comments)
If you donât let up on yourself and instead become comfortable always operating with some level of pain, you will evolve at a faster pace. Thatâs just the way it is.
Every time you confront something painful, you are at a potentially important juncture in your lifeâyou have the opportunity to choose healthy and painful truth or unhealthy but comfortable delusion. The irony is that if you choose the healthy route, the pain will soon turn into pleasure. The pain is the signal! Like switching from not exercising to exercising, developing the habit of embracing the pain and learning from it will âget you to the other side.â By âgetting to the other side,â I mean that you will become hooked on:
¡ Identifying, accepting, and learning how to deal with your weaknesses,
¡ Preferring that the people around you be honest with you rather than keep their negative thoughts about you to them-selves, and
¡ Being yourself rather than having to pretend to be strong where you are weak.
#principleoftheday
Every time you confront something painful, you are at a potentially important juncture in your lifeâyou have the opportunity to choose healthy and painful truth or unhealthy but comfortable delusion. The irony is that if you choose the healthy route, the pain will soon turn into pleasure. The pain is the signal! Like switching from not exercising to exercising, developing the habit of embracing the pain and learning from it will âget you to the other side.â By âgetting to the other side,â I mean that you will become hooked on:
¡ Identifying, accepting, and learning how to deal with your weaknesses,
¡ Preferring that the people around you be honest with you rather than keep their negative thoughts about you to them-selves, and
¡ Being yourself rather than having to pretend to be strong where you are weak.
#principleoftheday
Tolerating a problem has the same consequences as failing to identify it. Whether you tolerate it because you believe it cannot be solved, because you donât care enough to solve it, or because you canât muster enough of whatever it takes to solve it, if you donât have the will to succeed, then your situation is hopeless. You need to develop a ďŹerce intolerance of badness of any kind, regardless of its severity. #principleoftheday
Someone who doesnât have much can be more generous giving a little than a rich person giving a lot. Some people respond to the generosity while others respond to the money. You want the ďŹrst type with you, and you always want to treat them generously.
When I had nothing, I was as generous as I could be with people who appreciated my generosity more than the higher levels of compensation others could aďŹord to give them. For that reason, they stayed with me. I never forgot that, and I made a point of making them rich when I had the opportunity to do so. And they in turn were generous to me in their own way when I needed their generosity most. We both got something much more valuable than moneyâand we got the money too.
Remember that the only purpose of money is to get you what you want, so think hard about what you value and put it above money. How much would you sell a good relationship for? Thereâs not enough money in the world to get you to part with a valued relationship. #principleoftheday
When I had nothing, I was as generous as I could be with people who appreciated my generosity more than the higher levels of compensation others could aďŹord to give them. For that reason, they stayed with me. I never forgot that, and I made a point of making them rich when I had the opportunity to do so. And they in turn were generous to me in their own way when I needed their generosity most. We both got something much more valuable than moneyâand we got the money too.
Remember that the only purpose of money is to get you what you want, so think hard about what you value and put it above money. How much would you sell a good relationship for? Thereâs not enough money in the world to get you to part with a valued relationship. #principleoftheday
I threw a lot at you in the last post. You might want to watch again slowly so you can see if the sequence makes sense to you.
To summarize, around the upward trend of productivity gains that produce rising wealth and better living standards, there are cycles that produce prosperous periods of building in which the country is fundamentally strong because there are relatively low levels of indebtedness, relatively small wealth, values, and political gaps, people working effectively together to produce prosperity, good education and infrastructure, strong and capable leadership, and a peaceful world order that is guided by one or more dominant world powers. These are the prosperous and enjoyable periods. When they are taken to excess, which they always are, the excesses lead to depressing periods of destruction and restructuring in which the countryâs fundamental weaknesses of high levels of indebtedness, large wealth, values, and political gaps, different factions of people unable to work well together, poor education and infrastructure, and the struggle to maintain an overextended empire under the challenge of emerging rivals lead to a painful period of fighting, destruction, and then a restructuring that establishes a new order, setting the stage for a new period of building.
If youâre interested in learning more, check out my new book, Principles for Dealing with the Changing World Order, which is now available: https://lnkd.in/g52i3j4K #changingworldorder
To summarize, around the upward trend of productivity gains that produce rising wealth and better living standards, there are cycles that produce prosperous periods of building in which the country is fundamentally strong because there are relatively low levels of indebtedness, relatively small wealth, values, and political gaps, people working effectively together to produce prosperity, good education and infrastructure, strong and capable leadership, and a peaceful world order that is guided by one or more dominant world powers. These are the prosperous and enjoyable periods. When they are taken to excess, which they always are, the excesses lead to depressing periods of destruction and restructuring in which the countryâs fundamental weaknesses of high levels of indebtedness, large wealth, values, and political gaps, different factions of people unable to work well together, poor education and infrastructure, and the struggle to maintain an overextended empire under the challenge of emerging rivals lead to a painful period of fighting, destruction, and then a restructuring that establishes a new order, setting the stage for a new period of building.
If youâre interested in learning more, check out my new book, Principles for Dealing with the Changing World Order, which is now available: https://lnkd.in/g52i3j4K #changingworldorder
What will most define whether or not youâre a âfailureâ is how you approach failing. Itâs important to understand the difference between âyou had a failureâ and âyou are a failure.â People who think they are a failure because they had a failure will fail. People who understand that having a failure is probably a message that they need to modify their approach and try againâand to keep doing that until they find the paths to succeedâwill succeed. Thatâs why most really successful people can point to many failures and learnings in their wake.
Teams should operate like those in professional sports, where different skills are required to play different positions. Excellence in each is mandatory, the success of the mission is uncompromisable, and members that donât measure up may need to be cut. When teams operate with such high standards and shared values, extraordinary relationships are likely to develop.
#principleoftheday
#principleoftheday
Many of you know that I consider the people I work with at Bridgewater to be like an extended family built on the foundations of meaningful work and meaningful relationships. Itâs a family with a lot of tough love. If you want to get a flavor of what itâs like you can watch the video of our recent celebration of people who have been at Bridgewater for 10 years in the Principles In Action app.
If you want some of the principles that Iâve found helpful for motivating my team, they follow.
If you want some of the principles that Iâve found helpful for motivating my team, they follow.
Everyone has his or her own principles and values, so all relationships entail a certain amount of negotiation or debate over how people should be with each other. What you learn about each other will either draw you together or drive you apart. If your principles are aligned and you can work out your differences via a process of give-and-take, you will draw closer together. If not, you will move apart. Open discussion of differences ensures that there are no misunderstandings. If that doesnât happen on an ongoing basis, gaps in perspective will widen until inevitably there is a major clash.
To see this principle in action, check out this week's Case of the Week: https://lnkd.in/gJpjJmn
#principleoftheday
To see this principle in action, check out this week's Case of the Week: https://lnkd.in/gJpjJmn
#principleoftheday
The time you spend on thinking through your plan will be virtually nothing in relation to the amount of time that will be spent doing, and it will make the doing radically more effective. #principleoftheday
You must be willing to do things in the unique ways you think are best â and to open-mindedly reflect on the feedback that comes inevitably as a result of being that way.
Learning to be radically transparent is like learning to speak in public: While itâs initially awkward, the more you do it, the more comfortable you will be with it. This has been true for me. For example, I still instinctively find being as radically transparent in the ways that I am here uncomfortable because I am exposing personal material to the public that will attract attention and criticism. Yet I am doing it because Iâve learned that itâs best, and I wouldnât feel good about myself if I let my fears stand in the way. In other words, I have experienced the positive effects of radical transparency for so long that itâs now uncomfortable for me not to be that way.
Besides giving me the freedom to be me, it has allowed me to understand others and for them to understand me, which is much more efficient and much more enjoyable than not having this understanding. Imagine how many fewer misunderstandings we would have and how much more efficient the world would beâand how much closer we all would be to knowing whatâs trueâif instead of hiding what they think, people shared it openly. #principleoftheday
Learning to be radically transparent is like learning to speak in public: While itâs initially awkward, the more you do it, the more comfortable you will be with it. This has been true for me. For example, I still instinctively find being as radically transparent in the ways that I am here uncomfortable because I am exposing personal material to the public that will attract attention and criticism. Yet I am doing it because Iâve learned that itâs best, and I wouldnât feel good about myself if I let my fears stand in the way. In other words, I have experienced the positive effects of radical transparency for so long that itâs now uncomfortable for me not to be that way.
Besides giving me the freedom to be me, it has allowed me to understand others and for them to understand me, which is much more efficient and much more enjoyable than not having this understanding. Imagine how many fewer misunderstandings we would have and how much more efficient the world would beâand how much closer we all would be to knowing whatâs trueâif instead of hiding what they think, people shared it openly. #principleoftheday
It is common for conversations to consist of people sharing their conclusions rather than exploring the reasoning that led to those conclusions. As a result, there is an overabundance of confidently expressed bad opinions. #principleoftheday
Watch out for people who argue against something whenever they can find somethingâanythingâwrong with it, without properly weighing all the pluses and minuses. Such people tend to be poor decision makers. #principleoftheday
Sometimes you know that you are going over a waterfall and there is no way to avoid it. Life will throw you such challenges, some of which will seem devastating at the time. In bad times, your goal might be to keep what you have, to minimize your rate of loss, or simply to deal with a loss that is irrevocable. Your mission is to always make the best possible choices, knowing that you will be rewarded if you do. #principleoftheday
Criticism is welcomed and encouraged at Bridgewater, but there is never a good reason to bad-mouth people behind their backs. It is counterproductive and shows a serious lack of integrity and it subverts both the person being bad-mouthed and the environment as a whole. Next to being dishonest, it is the worst thing you can do in our community.
Managers should not talk about people who work for them if they are not in the room. If someone is not present at a meeting where something relevant to them is discussed, we always make sure to send them a recording of the meeting and other relevant information. #principleoftheday
Managers should not talk about people who work for them if they are not in the room. If someone is not present at a meeting where something relevant to them is discussed, we always make sure to send them a recording of the meeting and other relevant information. #principleoftheday
Whether it's in your private life or your work life, it is best for you to work with others in such a way that each person is matched up with other complementary people to create the best mix of attributes for their tasks.
Because Iâm keen to help people know what theyâre like, know what the people around them are like, and help them get what they want, I created PrinciplesYou with the help of three great personality experts. Itâs free, easy, and fun to take, so check it out and let me know your thoughts. https://lnkd.in/gznM7PF #PrinciplesYou
Because Iâm keen to help people know what theyâre like, know what the people around them are like, and help them get what they want, I created PrinciplesYou with the help of three great personality experts. Itâs free, easy, and fun to take, so check it out and let me know your thoughts. https://lnkd.in/gznM7PF #PrinciplesYou
Everyone has at least one big thing that stands in the way of their success; find yours and deal with it. Write down what your one big thing is (such as identifying problems, designing solutions, pushing through to results) and why it exists (your emotions trip you up, you canât visualize adequate possibilities). While you and most people probably have more than one major impediment, if you can remove or get around that one really big one, you will hugely improve your life. If you work on it, you will almost certainly be able to deal successfully with your one big thing.You can either fix it or you can get the help of others to deal with it well.
There are two paths to success: 1) to have what you need yourself or 2) to get it from others. The second path requires you to have humility. Humility is as important, or even more important, as having the strengths yourself. Having both is best. On the following page is a template that some people find helpful.
There are two paths to success: 1) to have what you need yourself or 2) to get it from others. The second path requires you to have humility. Humility is as important, or even more important, as having the strengths yourself. Having both is best. On the following page is a template that some people find helpful.
Whether it's in your private life or your work life, it is best for you to work with others in such a way that each person is matched up with other complementary people to create the best mix of attributes for their tasks.
Thatâs why Iâm so excited to have shared PrinciplesYou with you. And Iâm thrilled that the Dot Collector is coming soon too. Stay tuned for more. https://lnkd.in/gznM7PF #PrinciplesYou
Thatâs why Iâm so excited to have shared PrinciplesYou with you. And Iâm thrilled that the Dot Collector is coming soon too. Stay tuned for more. https://lnkd.in/gznM7PF #PrinciplesYou
To help upcoming graduates (and others) succeed, Iâve put the most important principles that helped me into a 30-minute ultra mini-series animated adventure that I suspect youâll love. I will put it out next week.
#PrinciplesForSuccess
#PrinciplesForSuccess
I admired Dr. Martin Luther King Jr. as he was a principled man with great principles. The few that come to mind that are especially relevant at this time are:
1. Hate cannot drive out hate; only love can do that.
2. We must either learn to live together as brothers or we are all going to perish together as fools.
3. An Individual has not started living fully until they can rise above the narrow confines of individualistic concerns to the broader concerns of humanity.
4. Every person must decide at some point whether they will walk in light of creative altruism or in the darkness of destructive selfishness
5. The ultimate measure of a man is not where he stands in moments of comfort and convenience, but where he stands at times of challenge and controversy.
6. This is no time for apathy or complacency. This is a time for vigorous and positive action.
#mlkday #mlk2022
1. Hate cannot drive out hate; only love can do that.
2. We must either learn to live together as brothers or we are all going to perish together as fools.
3. An Individual has not started living fully until they can rise above the narrow confines of individualistic concerns to the broader concerns of humanity.
4. Every person must decide at some point whether they will walk in light of creative altruism or in the darkness of destructive selfishness
5. The ultimate measure of a man is not where he stands in moments of comfort and convenience, but where he stands at times of challenge and controversy.
6. This is no time for apathy or complacency. This is a time for vigorous and positive action.
#mlkday #mlk2022
In jazz, thereâs no script: You have to ďŹgure things out as you go along. Sometimes you need to sit back and let others drive things; other times, you blare it out yourself. To do the right thing at the right moment you need to really listen to the people youâre playing with so that you can understand where theyâre going.
All great creative collaboration should feel the same way. Combining your diďŹerent skills like diďŹerent instruments, improvising creatively, and at the same time subordinating yourself to the goals of the group leads to playing great music together. But itâs important to keep in mind what number of collaborators will play well together: A talented duo can improvise beautifully, as can a trio or quartet. But gather ten musicians and no matter how talented they are, itâs probably going to be too many unless theyâre carefully orchestrated. #principleoftheday
All great creative collaboration should feel the same way. Combining your diďŹerent skills like diďŹerent instruments, improvising creatively, and at the same time subordinating yourself to the goals of the group leads to playing great music together. But itâs important to keep in mind what number of collaborators will play well together: A talented duo can improvise beautifully, as can a trio or quartet. But gather ten musicians and no matter how talented they are, itâs probably going to be too many unless theyâre carefully orchestrated. #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, âIt 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.â This line of thinking mistakes an act of generosity for some for an entitlement for everyone.
Fairness and generosity are different things. If you bought two birthday gifts for two of your closest friends, and one cost more than the other, what would you say if the friend who got the cheaper gift accused you of being unfair? Probably something like, âI didn't have to get you any gift, so stop complaining.â At Bridgewater, we are generous with people (and I am personally generous), but we feel no obligation to be measured and equal in our generosity.
Generosity is good and entitlement is bad, and they can easily be confused, so be crystal clear on which is which. Decisions should be based on what you believe is warranted in a particular circumstance and what will be most appreciated. If you want to have a community of people who have both high-quality, long-term relationships and a high sense of personal responsibility, you can't allow a sense of entitlement to creep in. #principleoftheday
Fairness and generosity are different things. If you bought two birthday gifts for two of your closest friends, and one cost more than the other, what would you say if the friend who got the cheaper gift accused you of being unfair? Probably something like, âI didn't have to get you any gift, so stop complaining.â At Bridgewater, we are generous with people (and I am personally generous), but we feel no obligation to be measured and equal in our generosity.
Generosity is good and entitlement is bad, and they can easily be confused, so be crystal clear on which is which. Decisions should be based on what you believe is warranted in a particular circumstance and what will be most appreciated. If you want to have a community of people who have both high-quality, long-term relationships and a high sense of personal responsibility, you can't allow a sense of entitlement to creep in. #principleoftheday
Because of the different ways that our brains are wired, we all experience reality in different ways and any single way is essentially distorted. This is something that we need to acknowledge and deal with. So if you want to know what is true and what to do about it, you must understand your own brain.
That insight led me to talk with many psychologists, psychiatrists, neuroscientists, personality testers, and other believable people in the field, and it led me to read many books. I discovered that though it is obvious to all of us that we are born with different strengths and weaknesses in areas such as common sense, creativity, memory, synthesis, attention to detail, and so forth, examining these differences objectively makes even most scientists uncomfortable. But that doesnât make it any less necessary, so I pushed forward with these explorations over several decades.
As a result, I have learned a lot that helped me and that I believe can help you. In fact, I attribute as much of my success to what Iâve learned about the brain as I do to my understanding of economics and investing. #principleoftheday
That insight led me to talk with many psychologists, psychiatrists, neuroscientists, personality testers, and other believable people in the field, and it led me to read many books. I discovered that though it is obvious to all of us that we are born with different strengths and weaknesses in areas such as common sense, creativity, memory, synthesis, attention to detail, and so forth, examining these differences objectively makes even most scientists uncomfortable. But that doesnât make it any less necessary, so I pushed forward with these explorations over several decades.
As a result, I have learned a lot that helped me and that I believe can help you. In fact, I attribute as much of my success to what Iâve learned about the brain as I do to my understanding of economics and investing. #principleoftheday
I practice Transcendental Meditation and believe that it has enhanced my open-mindedness, higher-level perspective, equanimity, and creativity. It helps slow things down so that I can act calmly even in the face of chaos, just like a ninja in a street fight. Iâm not saying that you have to meditate in order to develop this perspective; Iâm just passing along that it has helped me and many other people and I recommend that you seriously consider exploring it. #principleoftheday
Youâve probably heard a lot about tariffs in the news recently. But what exactly are they? And what are the underlying mechanics that drive how they work?
As a global macro investor for the last 55 years, I have studied a lot of history because the past can teach us a lot about the present. History shows us how tariffs often lead to fighting between countries. And while it might not be military-based, where there is conflict, there will be consequences.
I dive into this in my new article below. Iâm sharing it with you all because if we agree about the underlying facts and how events are likely to unfold, it will be easier to figure out what we should do about it.
#economics #trade #markets
As a global macro investor for the last 55 years, I have studied a lot of history because the past can teach us a lot about the present. History shows us how tariffs often lead to fighting between countries. And while it might not be military-based, where there is conflict, there will be consequences.
I dive into this in my new article below. Iâm sharing it with you all because if we agree about the underlying facts and how events are likely to unfold, it will be easier to figure out what we should do about it.
#economics #trade #markets
There is nothing more important than understanding how reality works and how to deal with it. The state of mind you bring to this process makes all the difference. I have found it helpful to think of my life as if it were a game in which each problem I face is a puzzle I need to solve. By solving the puzzle, I get a gem in the form of a principle that helps me avoid the same sort of problem in the future. Collecting these gems continually improves my decision making, so I am able to ascend to higher and higher levels of play in which the game gets harder and the stakes become ever greater. #principleoftheday
Open-minded people seek to learn by asking questions; they realize how little they know in relation to what there is to know and recognize that they might be wrong; they are thrilled to be around people who know more than they do because it represents an opportunity to learn something. Closed-minded people always tell you what they know, even if they know hardly anything. They are typically uncomfortable being around those who know a lot more than they do. #principleoftheday
Make sure youâre following the suggestions made in previous principles, like building meaningful relationships and constantly getting in sync. Most importantly, you have to encourage people to speak up about how things are going for them. Ensuring that their personal development is proceeding appropriately is important too. Close advice from an active mentor should last at least one year. #principleoftheday
Holding people accountable means understanding them and their circumstances well enough to assess whether they can and should do some things differently, getting in sync with them about that, and, if they can't adequately do what is required, removing them from their jobs. It is not micromanaging them, nor is it expecting them to be perfect (holding particularly overloaded people accountable for doing everything excellently is often impractical, not to mention unfair).
But people can resent being held accountable, and you don't want to have to tell them what to do all the time. Reason with them so that they understand the value of what you're doing, but never let them off the hook. #principleoftheday
But people can resent being held accountable, and you don't want to have to tell them what to do all the time. Reason with them so that they understand the value of what you're doing, but never let them off the hook. #principleoftheday
People typically feel bad about their mistakes because they think in a shortsighted way about the bad outcome and not about the evolutionary process of which mistakes are an integral part. I once had a ski instructor who had also given lessons to Michael Jordan, the greatest basketball player of all time. Jordan, he told me, reveled in his mistakes, seeing each of them as an opportunity to improve. He understood that mistakes are like those little puzzles that, when you solve them, give you a gem. Every mistake that you make and learn from will save you from thousands of similar mistakes in the future. #principleoftheday
Most people ďŹght seeing whatâs true when itâs not what they want it to be. Thatâs bad, because it is more important to understand and deal with the bad stuďŹ since the good stuďŹ will take care of itself.
To see this principle in action, check out this week's Case of the Week: https://lnkd.in/gFAFE_F
#principleoftheday
To see this principle in action, check out this week's Case of the Week: https://lnkd.in/gFAFE_F
#principleoftheday
Opinions are a dime a dozen and nearly everyone will share theirs with you. Many will state them as if they are facts. Donât mistake opinions for facts.
Having open-minded conversations with believable people who disagree with you is the quickest way to get an education and to increase your probability of being right.
You can access this and all of my other principles, plus much more, in the free iOS app, Principles In Action: https://lnkd.in/drTHsr2
You can access this and all of my other principles, plus much more, in the free iOS app, Principles In Action: https://lnkd.in/drTHsr2
Sometimes you know that you are going over a waterfall and there is no way to avoid it. Life will throw you such challenges, some of which will seem devastating at the time. In bad times, your goal might be to keep what you have, to minimize your rate of loss, or simply to deal with a loss that is irrevocable. Your mission is to always make the best possible choices, knowing that you will be rewarded if you do. #principleoftheday
Put your insecurities away and get on with achieving your goals. Reflect and remind yourself that an accurate criticism is the most valuable feedback you can receive. Imagine how silly and unproductive it would be to respond to your ski instructor as if he were blaming you when he told you that you fell because you didn't shift your weight properly. It's no different if a supervisor points out a flaw in your work process. Fix it and move on.
#principleoftheday
#principleoftheday
If you just keep doing, you will burn out and grind to a halt. Build downtime into your schedule just as you would make time for all the other stuff that needs to get done. #principleoftheday
Plenty of people have threatened me over the years by saying they'd quit, bring a lawsuit, embarrass me in the press--you name it. While some people have advised me that it's easier to just make such things go away, I've found doing that is almost always shortsighted. Giving in not only compromises your values, it telegraphs that the rules of the game have changed and opens you up to more of the same. Fighting for what's right can be hard in the short term, of course. But I'm willing to take the punch. What I worry about is doing the right thing and not about what people think about me. #principleoftheday