I’m currently reading Ray Dalio’s new book, Principles, which outlines his principles that he’s followed throughout his life to create one of the most successful hedge funds in the world and within the top 100 wealthiest people in the world. He has a simple 5-step process that he says, “if you can do these 5 things well, you will almost certainly be successful.”
- Have clear goals.
- Identify and don’t tolerate the problems that stand in the way of your achieving those goals.
- Accurately diagnose the problems to get at their root causes.
- Design plans that will get you around them.
- Do what’s necessary to push these designs through to results