![]() ![]() When everyone thinks something is a sure bet, it’s already priced in, so betting on it will likely be a mistake. One lesson Dalio learned was that he was surprised by something only because it hadn’t happened in his lifetime. The most important thing for you to do is write down your principles to clarify them.Īlmost everyone expects the future to be a slightly modified version of the present, but it’s usually very different.ĭalio is big on transcendental meditation, learned at the Maharishi Mahesh Yogi ashram. Put it in the forms of algorithms you can put in computers. ![]() To be a successful entrepreneur, you have to bet against the consensus, which means being painfully wrong a lot. What you should do to achieve 1 in light of 2.To be principled is to consistently operate with principles that can be clearly explained.Īdopting principles without giving them much thought can expose you to the risk of acting in ways inconsistent with your goals and your nature. Principles are fundamental truths that serve as the foundations for behavior that gets you what you want out of life. ![]()
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