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.
Showing posts with label investor. Show all posts
Showing posts with label investor. Show all posts
Friday, September 22, 2017
Know the Best Decision then MAKE It
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Tuesday, February 14, 2017
Buffett's Rules
As the story goes, business magnate and investor Warren Buffett was once trying to help one of his employee reach greater heights in personal and financial life.
"Make a list of 25 goals you have in life. Don't hold back, don't over-think it, just write em' out."
The gentlemen did as he was told and soon came up with the list. "Here they are," he said.
"Good," Buffett said. "Now, circle your top 3 and pour every ounce of your being into seeing those goals through. You know what you do with the other ones?" he asked.
"Sure," the man said. "Chip away at them when I have the time."
"No!" Buffett exclaimed. "Throw them away and avoid them at all costs."
Find your vital functions, zero in on them, and cut out all other distractions. Heighten your focus.
"Make a list of 25 goals you have in life. Don't hold back, don't over-think it, just write em' out."
The gentlemen did as he was told and soon came up with the list. "Here they are," he said.
"Good," Buffett said. "Now, circle your top 3 and pour every ounce of your being into seeing those goals through. You know what you do with the other ones?" he asked.
"Sure," the man said. "Chip away at them when I have the time."
"No!" Buffett exclaimed. "Throw them away and avoid them at all costs."
Find your vital functions, zero in on them, and cut out all other distractions. Heighten your focus.
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