In the financial field, especially in the venture capital circle, there is a must-read book-Principles, which I believe many people have read. Luo Zhenyu recommended it in his New Year's speech, and Pan Shiyi shared it on social media. Many domestic entrepreneurs have been building and managing the framework and culture of their own companies according to the "principles" introduced in the book.

once again, I picked up this book and relived it. It still made me count it carefully.

The nearly 5 principles in the book are all presented by Ray Dalio, the founder of Bridgewater, the world's largest hedge fund, based on his own rich investment management experience.

Part I: Guiding Viewpoint

"You'd better find out what happened to other people at other times, other places, because if you don't do this, you won't know whether these things will happen to you, and once they happen to you, you won't know how to deal with them."

it is important to know your principles clearly, because these principles will affect all aspects of your life, which will happen frequently day after day. For example, when you cultivate interpersonal relationships, your principles and those of others will determine how you interact.

I think the key to success lies in knowing how to strive for many things and how to fail correctly. "Failing correctly" means that you can learn important lessons in the process of experiencing painful failure, so as to avoid "failing wrongly", that is, being kicked out because of failure.

2. Evolutionary drive

"If you don't fail, you have no limit to your ability; If you don't play to the limit of your ability, you don't maximize your potential. "

For Dario, life is an evolution, and evolution is the driving force of everything in the universe.

how to evolve? Learn to summarize and reflect. Pain is not wealth, but thinking about it is wealth.

Failure is the normal state of life. How to keep a clear head after failure and rational thinking is the correct behavior; And your behavior will be guided by principles.

There are many crossroads in life, and you will face many choices at the same time or in the same place. It doesn't matter. Stay awake and deal with it calmly. Choose your goal and get the necessary information step by step in order to move on to the next step and do it well. Promote this process in a sober and rational way, look down on yourself from a higher level and be meticulous and honest. If you are overwhelmed by your emotions, you should take a step back and temporarily stop working until you regain your clear thinking ability.

Yes, I want to emphasize once again the principle that if you are overwhelmed by your emotions, you should take a step back and temporarily stop working. If you keep this principle in mind, efficiency first will make you very relaxed in many small things.

whenever I feel that emotions are affecting my study, I will stop and choose a way to relieve my emotions. This process is not a waste of time as many people think, but it is actually the best way to improve efficiency.

for important tasks, reason comes first. Secondary task, efficiency first.