![]() ![]() ![]() Seek out the smartest people who disagreed with him so he could try to understand their reasoning.“There are always risks out there that can hurt you badly, even in the seemingly safest bets, so it’s always best to assume you’re missing something.”ĭalio saw the only way to succeed would be to: 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. ![]()
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