Principles for Success — Ray Dalio’s animated series

Ray Dalio’s Principles for Success in 30 minutes: thinking for yourself, pain + reflection = progress, a five-step process for reaching goals, and the lessons of his near-bankruptcy in 1982.

Video: Watch on YouTube (about 30 minutes, eight episodes), posted on the official channel Principles by Ray Dalio
Presenter: Ray Dalio, founder of Bridgewater Associates

Dalio’s core principles, turned into an animated story. The most fundamental one is to think for yourself about what is true. The core formula is “pain + reflection = progress”. Reaching your goals takes five steps: set clear goals, face the problems in the way, diagnose their root causes, design a plan, and push it through. Along the way he tells how he misread the economy in 1982 and nearly went broke, and how to deal with a major failure.

Pairs well with How the Economic Machine Works: one is about the economy, the other about how to live and work.