Principles

Ray Dalio tells us in his book that “Principles are fundamental truths that serve as the foundation for behaviour that gets you what you want out of life.”

A good set of principles is like a good collection of recipes, for success. Having good governance systems – a system of checks and balances for ourselves will show us to be stronger and more reliable. Learning is a product of a continuous real-time feedback loop in which we make decisions, see the outcome, and improve our understanding of reality.

These can be built into principles that guide decision making in the future.