Principles: Life and Work
Ray Dalio's systematized approach to life and work decisions
"Principles are ways of successfully dealing with reality to get what you want out of life."
— Ray Dalio
My Review
Dalio's codified principles are essentially heuristics - decision rules distilled from experience. His emphasis on radical transparency and idea meritocracy maps to honest signaling and selection for fitness.
Why It Matters
Dalio demonstrates how to systematize learning from experience - converting feedback into principles that improve future decisions.
Key Ideas
- Codify principles from experience
- Radical transparency enables learning
- Idea meritocracy: best ideas win regardless of source
- Pain + reflection = progress
How It Connects to This Framework
The heuristics framework throughout and the concept of learning from feedback.
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The full Biology of Business book explores these concepts in depth with practical frameworks.