Five PRINCIPLES of Ray Dalio You Should Radically Embrace

Ray Dalio is an American billionaire investor, hedge fund manager, and philanthropist. But what strikes me the most is his remarkable ability to think abstractly. He is a genius of devising strategic and radically practical ways of approaching a problem and to figure out the solution effortlessly.

Ray is amongst my favourite authors of the era. I highly recommend everyone to read his book: PRINCIPLES. Also, you may love to follow his inspirational posts on LinkedIn and other social platforms. Here are 5 magnificent PRINCIPLES I have chosen to share:

“If both parties are peers, it’s appropriate to argue. But if one person is clearly more knowledgeable than the other, it is preferable for the less knowledgeable person to approach the more knowledgeable one as a student and for the more knowledgeable one to act as a teacher. Doing this well requires you to understand the concept of believability. I define believable people as those who have repeatedly and successfully accomplished the thing in question—who have a strong track record with at least three successes—and have great explanations of their approach when probed.”

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“The answer doesn’t have to be in your head; you can look outside yourself. If you’re truly looking at things objectively, you must recognize that the probability of you always having the best answer is small and that, even if you have it, you can’t be confident that you do before others test you. So it is invaluable to know what you don’t know. Ask yourself: Am I seeing this just through my own eyes? If so, then you should know that you’re terribly handicapped.” 

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“Most people are reluctant to take in information that is inconsistent with what they have already concluded. When I ask why, a common answer is: “I want to make up my own mind.” These people seem to think that considering opposing views will somehow threaten their ability to decide what they want to do. Nothing could be further from the truth. Taking in others’ perspectives in order to consider them in no way reduces your freedom to think independently and make your own decisions. It will just broaden your perspective as you make them.”

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“Most people make bad decisions because they are so certain that they’re right that they don’t allow themselves to see the better alternatives that exist. Radically open-minded people know that coming up with the right questions and asking other smart people what they think is as important as having all the answers. They understand that you can’t make a great decision without swimming for a while in a state of “not knowing.” That is because what exists within the area of “not knowing” is so much greater and more exciting than anything any one of us knows.”

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“Look at the patterns of your mistakes and identify at which step in the 5-Step Process you typically fail. Ask others for their input too, as nobody can be fully objective about themselves.”

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5 Timeless Books to Read in 2018

If reading books are one of your new year resolutions, I assure you that you have made the best decision of your life. In this world where attention is the new scarce, you may find it a lot boring but this is the luxury not everyone can afford.

Books are timeless, but there are books that are relevant after thousands of years of their origin and they are going to be relevant till the universe becomes irrelevant itself.

Here are 5 timeless books I recommend this month:

 

The Bhagavad Gita:

It is not just a religious scripture, it is a way of life. It is far more important to read it in the language you understand rather than enchanting “Shalokas” in Sanskrit.

It is better to live your own destiny imperfectly than to live an imitation of somebody else’s life with perfection.” – The Bhagavad Gita

 

Meditations

Meditations is a collection of 12 books written by Roman emperor Marcus Aurelius, who’ll introduce you to Stoic philosophy, the concept of logic, self-discipline and give you faith that the course the world runs is a good one.

People look for retreats for themselves, in the country, by the coast, or in the hills. There is nowhere that a person can find a more peaceful and trouble-free retreat than in his own mind. So constantly give yourself this retreat, and renew yourself.” -Marcus Aurelius

 

Man’s Search for Meaning:

Man’s Search For Meaning details holocaust survivor Viktor Frankl’s horrifying experiences in Nazi concentration camps, along with his psychological approach of logotherapy, which is also what helped him survive and shows you how you can – and must – find meaning in your life.

Everything can be taken from a man but one thing: the last of the human freedoms to choose one’s attitude in any given set of circumstances, to choose one’s own way.” – Viktor Frankl

 

 

The Diary of a Young Girl

It is a story of feelings of a 14 years old girl who died of  Nazi occupation of the Netherlands.

“Everyone has inside of him a piece of good news. The good news is that you don’t know how great you can be! How much you can love! What you can accomplish! And what your potential is!” – Anne Frank

 

The Old Man and The Sea

It is written by Ernest Hemingway, that is enough….

“But man is not made for defeat,” he said. “A man can be destroyed but not defeated.” 
― Ernest Hemingway

 

Feed(me)back if you enjoyed reading them: sourav.raina@student.ie.edu

 

 

Young & Productive: Focus in Social Disruption

Speaking to young minds is an exceptional experience, fiercely energetic and eager to learn. They unusually figure out the directive path with steak eye & always curious to question. It happened to be at Lovely Professional University last month while speaking to around 400 grad students.

Today the world is evolving in an entirely different way. While it is modified to interact socially with the personification of digital, emotions are reshaping. Bombardment of over-information has kept people busy and ignorant to what really needed to learn and what should be avoided entirely. Just feeding our mind with overload doesn’t mean to be a worth of knowledge. It is the biggest challenge for gen-next how to organize the information and filter it as per its significance. Posting on Facebook about changing the world doesn’t help, apart from ‘virtual contentment,’ which is a new kind of disguise.

To push forward and challenging the status quo needs conventional but intelligent approach, books are still brilliant regarding information dissemination and logically reason the process of thinking. The Internet is helping disastrously, not because it is bad, but it has made to engage people smartly in a useless way and to make money out of it. I, somehow, find it better to disengage uniquely by uninstalling social media apps and login via laptop only. Just to keep a smartphone nearby, decreases the efficiency of a human brain by 10%.

There is a lot more needed to change the world, and the good news is we, all, are blessed with the ability to do so. Figure out, what is really important and how should it can be achieved & how really it is going to contribute to making a difference. Start it with a random act of kindness and develop the ideas of future, involve everyone without distinguishing, read WHY NATIONS FAIL by Daron Acemoglu & James A. Robinson.

Relying on others fail people more frequently than to get up and take the baton of responsibility, to put more than required and constantly. There is no innovation yet so effective, to make a human more capable against his willingness to dream and work hard to achieve.

P.S. Blog is not aligned to my core profession but human-factor is the basis of existence.