Principles: Life and Work

by Ray Dalio

Technology is another great tool for providing leverage. To make training as easy to leverage as possible, document the most common questions and answers through audio, video, or written guidelines, and then assign someone to organize them and incorporate them into a manual, which is updated on a regular basis.

Other than working harder for longer hours, there are three ways to fix the problem: 1) having fewer things to do by prioritizing and saying no, 2) finding the right people to delegate to, and 3) improving your productivity.

differentiates people who can do a lot from those who can’t is creativity, character, and wisdom.

“Success consists of going from failure to failure without loss of enthusiasm.”

We work with others to get three things: 1) Leverage to accomplish our chosen missions in bigger and better ways than we could alone. 2) Quality relationships that together make for a great community. 3) Money that allows us to buy what we need and want for ourselves and others.

It’s up to you to decide what you want to get out of life and what you want to give.