Principles: Life and Work

by Ray Dalio

the satisfaction of success doesn’t come from achieving your goals, but from struggling well.

The marginal benefits of having more fall off pretty quickly. In fact, having a lot more is worse than having a moderate amount more because it comes with heavy burdens.

Good principles are effective ways of dealing with reality.

Dreams + Reality + Determination = A Successful Life.

Truth—or, more precisely, an accurate understanding of reality—is the essential foundation for any good outcome.

Realize that you are simultaneously everything and nothing—and decide what you want to be.

Pain + Reflection = Progress.

If you’re not failing, you’re not pushing your limits, and if you’re not pushing your limits, you’re not maximizing your potential.