Dalio's Principles: A Philosophical Examination

Read this Principle online (https://www.principles.com/principles/7e32fcba-3c52-4f0d-8718-3cc342d88763/) Topics discussed How we've tried to live out this Principle Philisophical considerations of this Principle Join us on our subreddit dailosprinciples (https://www.reddit.com/r/daliosprinciples/) Follow us on Twitter @MicahBaize (https://twitter.com/micahbaize) @JohnSextro (https://twitter.com/johnsextro)

An examination of Principle 3.2 Philosopher Agnes Callard (https://twitter.com/AgnesCallard) The Meno (http://classics.mit.edu/Plato/meno.html) Topics discussed How we've tried to live out this Principle Philisophical considerations of this Principle Join us on our subreddit dailosprinciples (https://www.reddit.com/r/daliosprinciples/) Follow us on Twitter @MicahBaize (https://twitter.com/micahbaize) @JohnSextro (https://twitter.com/johnsextro)

Principle 3.1 - Recognize Your Two Barriers Topics discussed How we've tried to live out this Principle Philisophical considerations of this Principle Books mentioned Wiser: Getting Beyond Groupthink to Make Groups Smarter, by Cass Sunstein (https://www.amazon.com/Wiser-Getting-Beyond-Groupthink-Smarter/dp/1422122999/) Articles mentioned "The Will to Believe", by William James (https://www.gutenberg.org/files/26659/26659-h/26659-h.htm#P1) Join us on our subreddit dailosprinciples (https://www.reddit.com/r/daliosprinciples/) Follow us on Twitter @MicahBaize (https://twitter.com/micahbaize) @JohnSextro (https://twitter.com/johnsextro)

Principle 2.7 - Understand your own and others' mental maps and humility Topics discussed How we've tried to live out this Principle Philisophical considerations of this Principle Join us on our subreddit dailosprinciples (https://www.reddit.com/r/daliosprinciples/) Follow us on Twitter @MicahBaize (https://twitter.com/micahbaize) @JohnSextro (https://twitter.com/johnsextro)

Principle 2.6 - Remember weaknesses don't matter if you find solutions Topics discussed How we've tried to live out this Principle Philisophical considerations of this Principle Join us on our subreddit dailosprinciples (https://www.reddit.com/r/daliosprinciples/) Follow us on Twitter @MicahBaize (https://twitter.com/micahbaize) @JohnSextro (https://twitter.com/johnsextro)

Principle 2.5 Push through to completion Topics discussed How we've tried to live out this Principle Philisophical considerations of this Principle Join us on our subreddit dailosprinciples (https://www.reddit.com/r/daliosprinciples/) Follow us on Twitter @MicahBaize (https://twitter.com/micahbaize) @JohnSextro (https://twitter.com/johnsextro)

Principle 2.4 - Design a plan a. Go back before you go forward. b. Think about your problem as a set of outcomes produced by a machine. c. Remember that there are typically many paths to achieving your goals. d. Think of you plans as being like a movie script in that you visualize who will do what through time. e. Write down your plan for everyone to see and to measure your progress against. f. Recognize that it doesn't take a lot of time to design a good plan. Topics discussed How we've tried to live out this Principle Philisophical considerations of this Principle Join us on our subreddit dailosprinciples (https://www.reddit.com/r/daliosprinciples/) Follow us on Twitter @MicahBaize (https://twitter.com/micahbaize) @JohnSextro (https://twitter.com/johnsextro)

Principle 2.3 - Diagnose problems to get at their root causes a. Focus on the "what is" before deciding "what to do about it." b. Distinguish proximate causes from root causes. c. Recognize that knowing what someone (including you) is like will tell you what you can expect from them. "Proximate causes are often verbs and root causes are often adjectives." Topics discussed How we've tried to live out this Principle Philisophical considerations of this Principle Join us on our subreddit dailosprinciples (https://www.reddit.com/r/daliosprinciples/) Follow us on Twitter @MicahBaize (https://twitter.com/micahbaize) @JohnSextro (https://twitter.com/johnsextro)

Principles 2.2 - Identify and Don't Tolerate Problems Topics discussed How we've tried to live out this Principle Philisophical considerations of this Principle Join us on our subreddit dailosprinciples (https://www.reddit.com/r/daliosprinciples/) Follow us on Twitter @MicahBaize (https://twitter.com/micahbaize) @JohnSextro (https://twitter.com/johnsextro)

Have Clear Goals Topics discussed How we've tried to live out this Principle Philisophical considerations of this Principle Join us on our subreddit dailosprinciples (https://www.reddit.com/r/daliosprinciples/) Follow us on Twitter @MicahBaize (https://twitter.com/micahbaize) @JohnSextro (https://twitter.com/johnsextro)

Principles 2 - Use the 5-Step Process to Get What You Want Out of Life Topics discussed How we've tried to live out this Principle Philisophical considerations of this Principle Mentioned Links Ray's 5-Step Process Video (https://www.principles.com/principles-for-success/#the-five-step-process) Join us on our subreddit dailosprinciples (https://www.reddit.com/r/daliosprinciples/) Follow us on Twitter @MicahBaize (https://twitter.com/micahbaize) @JohnSextro (https://twitter.com/johnsextro)

Look at the Machine from a Higher Level Topics discussed How we've tried to live out this Principle Philisophical considerations of this Principle Mentioned Links Babushka Doll (https://en.wikipedia.org/wiki/Matryoshka_doll) Holocracy, Brian J. Robertson (https://www.amazon.com/Holacracy-Management-System-Rapidly-Changing-ebook/dp/B00PF6QM6K/ref=sr_1_1?crid=3A2GJEOMQL2YZ&keywords=holocracy&qid=1572194966&sprefix=holocr%2Caps%2C173&sr=8-1) Join us on our subreddit dailosprinciples (https://www.reddit.com/r/daliosprinciples/) Follow us on Twitter @MicahBaize (https://twitter.com/micahbaize) @JohnSextro (https://twitter.com/johnsextro)

LinkedIn Article New Principle: To Have Both the money you need and the job you want, you have to be creative and flexible, https://www.linkedin.com/pulse/have-both-money-you-need-job-want-creative-flexible-ray-dalio/ Topics discussed How we've tried to live out this Principle Philisophical considerations of this Principle Related Links Adam Grant, The Perils of Following Your Passion, https://podcasts.apple.com/us/podcast/the-perils-of-following-your-career-passion/id1346314086?i=1000433418434 Cal Newport, How Passions are Developed, https://www.calnewport.com/blog/2009/11/24/are-passions-serendipitously-discovered-or-painstakingly-constructed/ LinkedIn, Should You Follow Your Passion, https://www.linkedin.com/feed/news/should-you-follow-your-passion-3990529/ Beyond the Professoriate, https://beyondprof.com/ Join us on our subreddit dailosprinciples (https://www.reddit.com/r/daliosprinciples/) Follow us on Twitter @MicahBaize (https://twitter.com/micahbaize) @JohnSextro (https://twitter.com/johnsextro)

Own Your Outcomes Topics discussed How we've tried to live out this Principle Philisophical considerations of this Principle Mentions During the Show Physcology Today - Locus of Control, https://www.psychologytoday.com/us/blog/moments-matter/201708/locus-control CNN - Pope John Paul comforting a man, https://www.cnn.com/2013/11/26/world/europe/pope-francis-disfigured-man/index.html Join us on our subreddit dailosprinciples (https://www.reddit.com/r/daliosprinciples/) Follow us on Twitter @MicahBaize (https://twitter.com/micahbaize) @JohnSextro (https://twitter.com/johnsextro)

Weigh Second- and Third-Order Consequences Topics discussed How we've tried to live out this Principle Philisophical considerations of this Principle Join us on our subreddit dailosprinciples (https://www.reddit.com/r/daliosprinciples/) Follow us on Twitter @MicahBaize (https://twitter.com/micahbaize) @JohnSextro (https://twitter.com/johnsextro)

Pain + Reflection = Progress Topics discussed Go to the pain rather than avoid it Embrace Tough Love Books mentioned: The Millionaire Next Door (https://amzn.to/2oa16iw), by Thomas J Stanley Join us on our subreddit dailosprinciples (https://www.reddit.com/r/daliosprinciples/) Follow us on Twitter @MicahBaize (https://twitter.com/micahbaize) @JohnSextro (https://twitter.com/johnsextro)

Understand Nature's Practical Lessons Topics discussed Maximize your evolution Remember "no pain, no gain" It is a fundamental law of nature that in order to gain strength one has to push one's limits, which is painful. Join us on our subreddit dailosprinciples (https://www.reddit.com/r/daliosprinciples/) Follow us on Twitter @MicahBaize (https://twitter.com/micahbaize) @JohnSextro (https://twitter.com/johnsextro)

Evolving is Life's Greatest Accomplishment and its Greatest Reward Topics discussed The individual's incentives must be aligned with the group's goals. Reality is optimizing for the whole - not for you. Adaptations through rapid trial and error is invaluable. Realize that you are simultaneously everything and nothing - and decide what you want to be. What you will be will depend on the perspective you have. Join us on our subreddit dailosprinciples (https://www.reddit.com/r/daliosprinciples/) Follow us on Twitter @MicahBaize (https://twitter.com/micahbaize) @JohnSextro (https://twitter.com/johnsextro)

Look to Nature to Learn How Reality Works Topics discussed Understanding nature to understand what we want out of life. How to adapt this principle to your life. General considerations about the questions, "What is the purpose of life?" Leo Tolstoy's views compared to Dalio's views. Objection by Jean-Paul Sarte: Our life doesn’t come “pre-packaged” with a purpose. Join us on our subreddit dailosprinciples (https://www.reddit.com/r/daliosprinciples/) Follow us on Twitter @MicahBaize (https://twitter.com/micahbaize) @JohnSextro (https://twitter.com/johnsextro)

Be Radically Open-Minded and Radically Transparent Topics discussed Benefits of radical truth and transparency Difficulties in being radically truthful and transparent Ways to help you and other being more truthful and transparent Examples of them in our own lives How you can use Twitter to be more open-minded Books mentioned: Principles, Ray Dalio (https://amzn.to/2Z4dnXl) Join us on our subreddit dailosprinciples (https://www.reddit.com/r/daliosprinciples/) Follow us on Twitter @MicahBaize (https://twitter.com/micahbaize) @JohnSextro (https://twitter.com/johnsextro)

Embrace Reality and Deal with It Topics discussed: How solving a problem in life produces a "gem" What it means to have your emotions reconciled with logic What it means to be a "hyperrealist" Debate about Ray's claim that what success is for each person depends on their "deepseated needs" Whether you can disagree with Ray's views about what our goals in life should be and still use most of his principles How radical open-mindedness and radical transparency improve your chance of success Whether the ideals of radical truth and radical transparency are universally true, or context-dependent Books mentioned: Principles, Ray Dalio (https://amzn.to/2Z4dnXl) A Treatise of Human Nature, David Hume (https://amzn.to/2Z4i9nJ) Join us on our subreddit dailosprinciples (https://www.reddit.com/r/daliosprinciples/) Follow us on Twitter @MicahBaize (https://twitter.com/micahbaize) @JohnSextro (https://twitter.com/johnsextro)

Looking Back from a Higher Level Topics discussed: Why Socrates liked talking to people of old age Ways in which Ray's view of life is similar to and/or different from Stoicism, Hedonism, Pessimism Stoicism: the good life is one in accordance with the rational order of things Hedonism: the good life is the maximization of happiness. Happiness is pleasure and the absence of pain. Pessimism: life isn't good. Life is the continual strive to satisfy desires but then when we do we're left unhappy. Pessimism as exemplified in Miley Cyrus's song "The Climb" Ray's claims that being rich and famous are only minimally beneficial in living the good life, and frequently detract from it Podcasts mentioned: "Bottom of the Curve" (https://hiphination.org/complete-season-two-episodes/s2-episode-1-the-bottom-of-the-curve-oct-31st-2017/), Hi-Phi Nation podcast episode on the mid-life crisis and telic vs atelic desires Books mentioned: Principles, Ray Dalio (https://amzn.to/2Z4dnXl) Republic, Plato (Translated by Allen Bloom) (https://amzn.to/2zb3ojy) Man's Search for Meaning, Viktor Frankl (https://amzn.to/2Z5di5F) Essays and Aphorisms, Arthur Schopenhauer (https://amzn.to/2KIyqG6) (Includes the article "On the Vanity of Existence") Join us on our subreddit dailosprinciples (https://www.reddit.com/r/daliosprinciples/) Follow us on Twitter @MicahBaize (https://twitter.com/micahbaize) @JohnSextro (https://twitter.com/johnsextro)

My Last Year and My Greatest Challenge Books mentioned: Principles, Ray Dalio (https://amzn.to/2Z4dnXl) Good to Great, Jim Collins (https://amzn.to/31RQByV) Thinking Fast & Slow, Daniel Kahneman (https://amzn.to/31QSnQN) Join us on our subreddit dailosprinciples (https://www.reddit.com/r/daliosprinciples/) Follow us on Twitter @MicahBaize (https://twitter.com/micahbaize) @JohnSextro (https://twitter.com/johnsextro)

Returning the Boon Books mentioned: Principles, Ray Dalio (https://amzn.to/2Z4dnXl) Steve Jobs, Walter Isaacson (https://amzn.to/2KHoJrj) The Hero with a Thousand Faces, Joseph Campbell (https://amzn.to/2KIIOgZ) Article link: Famine, Affluence, and Morality, Peter Singer (https://www.utilitarian.net/singer/by/1972----.htm) Join us on our subreddit dailosprinciples (https://www.reddit.com/r/daliosprinciples/) Follow us on Twitter @MicahBaize (https://twitter.com/micahbaize) @JohnSextro (https://twitter.com/johnsextro)

The Ultimate Boon Books mentioned: Principles, Ray Dalio (https://amzn.to/2Z4dnXl) Please Understand Me II, Prometheus Nemesis Book Co (https://amzn.to/31QEkuE) Join us on our subreddit dailosprinciples (https://www.reddit.com/r/daliosprinciples/) Follow us on Twitter @MicahBaize (https://twitter.com/micahbaize) @JohnSextro (https://twitter.com/johnsextro)

My Road of Trials Books mentioned: Principles, Ray Dalio (https://amzn.to/2Z4dnXl) The Groundwork of the Metaphysics of Morals, Immanuel Kant (https://amzn.to/2Z4DxJm) Join us on our subreddit dailosprinciples (https://www.reddit.com/r/daliosprinciples/) Follow us on Twitter @MicahBaize (https://twitter.com/micahbaize) @JohnSextro (https://twitter.com/johnsextro)

My Abyss Books mentioned: Principles, Ray Dalio (https://amzn.to/2Z4dnXl) Join us on our subreddit dailosprinciples (https://www.reddit.com/r/daliosprinciples/) Follow us on Twitter @MicahBaize (https://twitter.com/micahbaize) @JohnSextro (https://twitter.com/johnsextro)

Crossing the Threshold Books mentioned: Principles, Ray Dalio (https://amzn.to/2Z4dnXl) A Theory of Justice, John Rawls (https://amzn.to/2zbyIyS) Nicomachean Ethics, Aristotle (https://amzn.to/2KKsblj) Join us on our subreddit dailosprinciples (https://www.reddit.com/r/daliosprinciples/) Follow us on Twitter @MicahBaize (https://twitter.com/micahbaize) @JohnSextro (https://twitter.com/johnsextro)

Topics discussed: Ray's childhood What motivates Ray in life and business His first investment - bad, but successful! His risk-taking nature Ray's seemingly false claim that "For me, great is better than terrible, and terrible is better than mediocre, because terrible at least gives life flavor." *Note to Parents * We discuss the existence of Santa Claus and the myth that you have to be good in school to be successful. Books mentioned: Principles, Ray Dalio (https://amzn.to/2Z4dnXl) Join us on our subreddit dailosprinciples (https://www.reddit.com/r/daliosprinciples/) Follow us on Twitter @MicahBaize (https://twitter.com/micahbaize) @JohnSextro (https://twitter.com/johnsextro)

An introduction to the podcast and our comments on the Introduction chapter to the book. Topics discussed: Who is Ray Dalio? What are his credentials for writing a book on how to improve your chance at success? Ray's ideas of "Radical Truth" and "Radical Transparency" Whether's Ray's principles are one-size-fits-all, or whether they will be different for different people? Ray's role in making McDonald's Chicken McNuggets possible Ray's suggestion to think for yourself: What do you want? What is true? What are you going to do about it? Books mentioned: Principles, Ray Dalio (https://amzn.to/2Z4dnXl) Join us on our subreddit dailosprinciples (https://www.reddit.com/r/daliosprinciples/) Follow us on Twitter @MicahBaize (https://twitter.com/micahbaize) @JohnSextro (https://twitter.com/johnsextro)