What I learned from reading Principles: Life and Work by Ray DalioWhatever success I've had in life has had more to do with my knowing how to deal with my not knowing than anything I know [0:01]Ray's first principle and why [5:35]Ray's key to success [8:07]The similarities between investors and entrepreneurs [9:27]Shift your mindset from I know I am right to How do I know I am right? [13:05]Systemize your decision making [14:09]Ray on his life story [17:30]the quality of your decisions determine the quality of your life [19:50]Like a lot of Founders, Ray was bad at school [21:45]More about his personality: stubborn and determined + his first jobs [22:45]Hungry for knowledge he could actually use [24:28]Terrible is better than mediocre [25:03]What we think to be true that is not: The future is a slightly modified version of the present [25:30]Steve Jobs [26:30]A pivotal lesson for Ray: The same things happen over and over again [28:02]the founding of Bridgewater [32:33]the humble beginning of Bridgewater [35:15]If you know your business A to Z there is no problem you can't solve – Sam Zemurray [36:06]Watching the richest man in the world go broke [38:00]Ray loses everything and has to start all over again [40:30]Successful people change in ways that allow them to continue to take advantage of their strengths while compensating for their weaknesses and unsuccessful people don't [45:10]The new Bridgewater: Systematizing his decision making process [47:35]Developing more products and out teaching his competition [48:11]The results of systematized thinking guided by principles that are written down and adhered to [53:30]Counterintuitive thoughts on public success [55:19]“I have listened to every episode released and look forward to every episode that comes out. The only criticism I would have is that after each podcast I usually want to buy the book because I am interested so my poor wallet suffers. ” — GarethBe like Gareth. Buy a book: All the books featured on Founders Podcast