Think for yourself!
What do you want?
What is true?
What are you going to do about it?
This is the classic question Ray Dalio, the author of Principles raised for us. After reading the introduction part of this book, I'd like to note what I've learnt from it.
Whatever success I've had in life has had more to do with my knowing how to deal with my not knowing than anything I know.
Buffett once hold a session to have lunch with entrepreneurs, during which he'd always told those successful entrepreneurs what NOT to do other than what to do.
To be principled means to consistently operate with principles that can be clearly explained.
Most people, however, cannot be principled as they are supposed to operate with principles that can be clearly explained.
I learned my principles over a lifetime of making a lot of mistakes and spending a lot of time reflecting on them.
I believe that the key to success lies in knowing how to both strive for a lot and fail well. By failing well, I mean being able to experience painful failures that provide big learning without failing badly enough to get knocked out of the game.
People knows how to strive for a lot but not how to fail well.
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