Ray Dalio Telegram-Beiträge

@RayDalio

So I certainly don’t want to dissuade you from going after whatever you want. At the same time, I urge you to reflect on whether what you are going after is consistent with your nature. Whatever your nature is, there are many paths that will suit you, so don’t fixate on just one. Should a particular path close, all you have to do is find another good one consistent with what you’re like.

But most people lack the courage to confront their own weaknesses and make the hard choices that this process requires. Ultimately, it comes down to the following five decisions:

Don’t confuse what you wish were true with what is really true.
Don’t worry about looking good—worry instead about achieving your goals.
Don’t overweight first-order consequences relative to second- and third-order ones.
Don’t let pain stand in the way of progress.
Don’t blame bad outcomes on anyone but yourself.

@RayDalio

Aligning what you say with what you think and what you think with what you feel will make you much happier and much more successful. Thinking solely about what’s accurate instead of how it is perceived pushes you to focus on the most important things. It helps you sort through people and places because you’ll be drawn to people and places that are open and honest. It’s also fairer to those around you: Making judgments about people so that they are tried and sentenced in your head, without asking for their perspective, is both unethical and unproductive. Having nothing to hide relieves stress and builds trust. #principleoftheday

@RayDalio

Integrity comes from the Latin word integritas, meaning “one” or “whole.” People who are one way on the inside and another way on the outside—i.e., not “whole”—lack integrity; they have “duality” instead. While presenting your view as something other than it is can sometimes be easier in the moment (because you can avoid conflict, or embarrassment, or achieve some other short-term goal), the second- and third-order effects of having integrity and avoiding duality are immense. People who are one way on the inside and another on the outside become conflicted and often lose touch with their own values. It’s difficult for them to be happy and almost impossible for them to be their best.

@RayDalio

They are rare. Such relationships take time to build and can only be built if you treat such people well. #principleoftheday

@RayDalio

Thanks for boosts!
One more to post stories 🚀

@RayDalio

At the same time, let’s be practical. If I tried to limit my relationships to people who never lied, I’d have nobody to work with. While I have extremely high standards when it comes to integrity, I don’t view it in a black-white, one-strike-and-you’re-out way. I look at the severity, the circumstances, and the patterns to try to understand whether I am dealing with a person who is a habitual liar and will lie to me again, or with a person who is fundamentally honest yet imperfect. I consider the significance of the dishonesty itself (Was the person stealing a piece of cake or were they committing a felony?) as well as the nature of our existing relationship (Is it my spouse telling the lie, a casual acquaintance, or an employee?). Treating such cases differently is appropriate because a basic law of justice is that the punishment should fit the crime. #principleoftheday

to boost us

@RayDalio

People lie more than most people imagine. I learned that by being in the position of being responsible for everyone in the company. While you might have an exceptionally ethical group of people, in all organizations there are dishonest people who have to be dealt with in practical ways. For example, don’t believe most people who are caught being dishonest when they say that they’ve seen the light and will never do it again because chances are they will. Dishonest people are dangerous, so keeping them around isn’t smart.

@RayDalio

In an idea meritocracy, openness is a responsibility; you not only have the privilege to speak up and “fight for right” but are obliged to do so. This extends especially to principles. Just like everything else, principles need to be questioned and debated. What you’re not allowed to do is complain and criticize privately— either to others or in your own head. If you can’t fulfill this obligation, then you must go.

Of course open-mindedly exploring what’s true with others is not the same thing as stubbornly insisting that only you are right, even after the decision-making machine has settled an issue and moved on. There will inevitably be cases where you must abide by some policy or decision that you disagree with. #principleoftheday

@RayDalio

If you limit your goals to what you know you can achieve, you are setting the bar way too low. #principleoftheday

@RayDalio