Ray Dalio

The reason I discovered it accidentally, I discovered this accidentally, is because I got in the habit that I suggest you get into and other people get into, and that is whenever you're in a situation where you're making a decision, important decision, just pause and write down what type of decision was it,

And why did I make that decision that way?

That's writing down your principles.

It's kind of your recipe for success.

And we could talk about it.

And then every time I'm in a situation, I'll write down, why did I make that decision?

And we could look at those criteria.

Did that make sense to do that decision that way?

Would you have different criteria?

And so on.

And you do that over a period of time, okay?

And then you have your principles.

And then, so they're just your reasons for making your decisions and what matters to you, right?

When you do that, so that's why I'm encouraging you because you're going through these and then you have found a path in life.

I viewed your story, what you just told me is just another one of those.

Now you keep doing it, it'll become apparent to you how everything's another one of those, because what'll happen is the next time around, you're gonna find, I don't know, let's say you're firing somebody, use that as an example, you would say, okay, now I'm firing somebody, again.

Okay, now let me just kinda reflect.

Would I modify that principle?

And how would I do that?

And then, okay, now maybe you're firing somebody who's been with you for 10 years and you love.