Principles: Life and Work

by Ray Dalio

If you don’t mind being wrong on the way to being right you’ll learn a lot—and increase your effectiveness.

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.

Remember this: The pain is all in your head.

By confronting the pain, you will see more clearly the paradoxes and problems you face. Reflecting on them and resolving them will give you wisdom.

The harder the pain and the challenge...

Because these moments of pain are so important, you shouldn’t rush through them. Stay in them and explore them so you can ...

Watch out for people who think it’s embarrassing not to know.

Great collaboration feels like playing jazz.

jazz, there’s no script: You have to figure 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 you’re playing with so that you ca...

While there is nobody in the world who will share your point of view on everything, there are people who will share your most important values and the ways in which you choose to live them out. Make sure you end up with those people.