Principles: Life and Work

Principles is Ray Dalio's attempt to write down the rules he uses for work and life. I do not agree with every rule, which is probably healthier than agreeing with all of them. The useful part is the habit of making standards clear and studying mistakes without too much theater. Owners often carry those rules in their heads and wonder why employees cannot read them. Writing down how decisions get made helps the team act without waiting for the founder. That is one small step toward a business someone else can own.