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Ray Dalio's principles have significantly influenced corporate strategies and business models. His principles emphasize on truth and transparency, making decisions based on meritocracy, and considering second and third-order consequences. These principles have led businesses to adopt a more open and honest culture, where decisions are made based on their long-term impacts rather than immediate gains. Furthermore, his principle of taking full responsibility for bad outcomes encourages a culture of accountability in businesses.
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How did Ray Dalio, the child of an ordinary medium-class family create the world’s largest, and most successful hedge fund, currently managing over $1...
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Do not confuse what you wish were true with what is really true. Do not worry about looking good—worry instead about achieving your goals. Do not overweight first-order consequences relative to second/third-order ones. Do not let pain stand in the way of progress. Do not blame bad outcomes on anyone but yourself.
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