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Weekly Wisdom Newsletter #49

Published Date: Sunday, September 29, 2019

Hi All!

This week's newsletter is about the book Principles by Ray Dalio. The book is essentially about how to make better decisions for a better life. There's a lot of useful gems in this book and I can't go into everything in a short email, so if you want to learn more, check out this bog post. I particularly recommend reading about how I've applied the book in my life because learning is only useful if applied.

Here are the key learning points:

  1. Success = Meaningful Work + Meaningful Relationships. It's not opinion, it's based on the biology of the human brain.

  2. Everyone has an ego problem, which impedes us from success. The solution is open-mindedness. Closed-minded people focus on speaking and being right. Open-minded people focus on listening and understanding the whole picture.

  3. Everyone has objective strengths and weaknesses; those weaknesses often result in "blind spots" that make us run into the same problem over and over. The solution is to know your weaknesses and then work on them, or often better, find someone with complementary strengths.

  4. When listening to others, weigh their believability (credibility) to decide how seriously to take their advice. Believable people have accomplished the thing in question and have a great explanation for how they did it.

  5. Connect the dots between small decisions and large goals. People often get lost or off-track when making small decisions because they don't connect it to their higher-level goals or purpose.

Here are this week's recommended actions:

  • To see yourself (and others) more objectively, make a factual profile (AKA "baseball card") for them. The way I do it, I have that person's values, tendency, Myers-Brigg profile, natural strengths, and natural weaknesses. (See example below)

  • Before asking people for advice, first consider their credibility on the subject.

  • Make a personal Board of Directors with teachers/mentors/authors who represent teachings or advice that you want to remember more often. When making a tough decision, imagine what each person on your Board would advise you to do.

Example Baseball Card

If you think someone else would find this newsletter useful, please forward it to them. Thanks, and have a wonderful week ahead!

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