PRINCIPLES: LIFE AND WORK (BY RAY DALIO)

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Animated video summary of the top 5 greatest takeaways from Ray Dalio’s Principles: Life and Work. Advice from the founder of Bridgewater Associates, one of the largest hedge funds in the world.

Top 5 takeaways from Principles: Life and Work:
0:00 Intro
00:10 1. Create Principles: Systemize Your Decision-Making!
03:36 2. The 5-Step Process to Ultimate Success
07:05 3. Be Radically Open-Minded
09:50 4. How To Handle Your Weaknesses
11:55 5. Learn How to Synthesize Well

TL;DW:
- To be more efficient in your decision-making process, you must create principles. Also, this is essential for evaluating and improving.
- Have clear goals, don’t tolerate problems, diagnose problems’ root causes, design plans to get around problems and do what’s necessary to remove them
- You must be radically open-minded – WHAT is right is far more important than WHO is
- The best ways to cope with your weaknesses is to either try to work at them, find ways around them, or changing what you’re going after
- Learn how to synthesize well – get as accurate of a picture of reality as possible

My goal with this channel is to help you make more money and improve your personal finances. How to become a millionaire? There are many ways to get there – investing in the stock market, becoming a stock trader, doing real estate investing, or why not becoming an entrepreneur? But whether you are interested in how to invest in stocks or investing strategies for creating passive income with rental properties – I hope to be able to provide you with a solution (or at least an idea) here. Warren Buffett - the greatest investor of our time - says that you should fill your mind with competing ideas and then see what makes sense to you. This channel is about filling your mind with those ideas. And in the process – upgrading your money-making toolbox.

[tophawg]

Can’t get over how underrated this channel is. As a beginning investor you’ve put me on the fast track to becoming better. Love the related topics too about economics and psychology. They definitely compliment each other. I love that I can use it as an audiobook but it’s also like an adult illustrated book. Helps me know which books I want to prioritize to dive in deeper, but in the mean time I can keep the most important principles in mind during the early stages of building wealth. I will always recommend your channel.

I challenged myself to pick up graphic design so I can start an apparel side hustle. Hopefully I can scale it up to a business. I’m already making some designs. My brand “xxxx” (still have to get it copyrighted) but it’s about greatness and not just for athletes. I’ll reach out to you for a shipping address/PO box when I finally make a product I’m 100% satisfied with. It’d be an honor to pay it forward to you and hopefully get a shoutout if you like it.

Before 2023 for accountability!

[chulangaaverilhettiarachch]

To the person reading this: Even though I don’t know you, I wish you the best of what life has to offer ❤

[greigsanderson]

The greatest hedge fund manager ever. Legend.

[De_Lars]

Thank you for this video on one of the most versatile books out there! I greatly enjoyed the book and this video.

[ShaggyEells]

Loved this summary of the book! the 5 step process to ultimate success is definitely a life changing take away!! keep it up my man!

[feda]

I love all the real life sections of the video! Makes you feel more human and relatable instead of just a voice!

[herodotus.a]

thank you so much for this! loved the clips, animation, and insight. you earned yourself a new subscriber ✌

[mohdshahnawaz]

Absolutely loved this video. Thank you so much for this valuable information mate. Lots of love from an Australian:)

[ankitajat]

It's an awesome book which tell as about how to succeed in life and to overcome our problems

[ernestmoagi]

Thank you for making this video and visualizations.It is a good supplement to y notes and the Principles PDF. BTW I like the work that you do.

[kundanpintoo]

GREAT, I LIKE RAY DALIO PRINCIPLES VERY MUCH

[axel]

Thank you very much
I follow your channel for some time now and red a few of the books you made video about
It really helps understand the book better
Great job
My recommendation is not about investments but i think it will help the viewers in their studies and in analyzing information better
The book is called "make it stick" and it talks about the best way to to study and teach
I think it could be of great value for the viewers (and also you)

[legsfitness]

Excellent and very useful review. Thank you very much.

[BubbleTea]

Here two principals (and also book titles I recommend for you to make a video summary of) that helped me the most:
1. 80/20 principle by Richard Koch
2. Work the system by Sam Carpenter

[CPZ]

Love videos like these - more please 🙏🏼🙏🏼🙏🏼 btw anyone read the entire book? And know if this video does a good job of summarizing the take home points?

[joshuachadwick]

Love your sense of humor and driving the key points at the same time

[tinnguyen]

thank you so much for sharing this useful data! Greatly appreciated !!!

[mohammedmustafa]

The success of this approach taught me a principle that I apply to all parts of my life: Making a handful of good uncorrelated bets that are balanced and leveraged well is the surest way of having a lot of upside without being exposed to unacceptable downside.

[joseguzman]

Can you do a review of Rule #1?

I enjoy your videos very much. Thanks for the value you add for all of us.

[sophiec]

First time here! Amazing work! Love the personal touch with your singing!!! 👏🏻👏🏻