Showing posts with label Ray Dalio. Show all posts
Showing posts with label Ray Dalio. Show all posts

Saturday, October 28, 2017

Choose Impact Over Self-Importance

In high school my standardized test scores were so low I had to take the SAT's twice. 

I once asked if I was sent by "the enemy" after I failed for the 5th time to grasp the system in place at a homeless shelter I was volunteering at.

My first screenplays were so bad my friends didn't even know where to begin with their feedback.

As a kid, I was a great third baseman but couldn't hit the ball if my life depended on it.

-- And in college I once received a paper from a professor, who was once the ambassador to the Ivory Coast, that said, "Nick, I don't much understand what you're trying to say and I suppose you don't either."

The point is that some of my shortcomings were failures to push myself, while others were simply abilities I lacked. As a young man any talk of deficiencies would have compelled me to get defensive. I'd take criticism personally and fail to recognize the ways I could leverage my strengths, while being a shrewd judge of my shortcomings.

As I get older I realize how liberating it is to recognize you're not going to be good at everything. We're all given certain superpowers, or the ability to do certain things better than others. It's important we take stock of those gifts and find ways to use them for positive impact.

Unfortunately, a lot of people never grow up to realize all the teachable moments failure and deficiency can offer. A fixed mindset offers a stale outlook and a refusal to be open to ways to get better at life. One of the most counterproductive ways this philosophy can manifest itself is through defending bad ideas. Because we're insecure about our intellect, resume, or get caught up in comparing ourselves to others we allow our ego rather than humility to be our north star. When this happens the "meritocracy of ideas," as Ray Dalio calls it, gets buried in the rubble caused by insecurity.

What's much more interesting and courageous is recognizing when we aren't the best at something, or don't have the most influential idea, and instead identifying when someone else does. Rather than claiming ownership for something we didn't come up with we can do something much more engaging, uplifting, and noble: we can become the proprietor's biggest fan, supporting his or her idea as if our life depended on it. 

In the process, we lift each other up instead of leave one another behind. As a result, attainment of our goals becomes much more about creating impact rather than self-importance. And when we get behind someone something remarkable begins to happen: we gain the trust of others through our humility and conscious commitment to put the priorities of the group ahead of our own.



Friday, September 22, 2017

Know the Best Decision then MAKE It

There's a great interview with investor, hedge fund manager, philanthropist, and founder of Bridgewater Associates Ray Dalio available online. While promoting his new book, Principles: Life and Work, Dalio reveals the fundamentals that made his company, which oversees $150 Billion in assets, such a success.   

https://www.youtube.com/watch?v=Jz_PzdVJxB0 

"Most importantly, you have to know what the best decisions are and then you have to have the courage to make them."

His point is there is a profound divide between knowing what to do and doing it. The two are not binary.