Over time, it also became important for me to share my management principles with the people I worked … - Ray Dalio

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Indeed the very word, nonviolence, a negative word, means that it is an effort to abandon the violence that is inevitable in life.

Ray Dalio

Over time, it also became important for me to share my management principles with the people I worked with because we had to agree on how we should be with each other - and that way is unique. Because the logic behind being radically honest and radically transparent with each other wasn't clear, it had to be spelled out in these principles.

Agree, Important, People, Share, Unique, Worked

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More than anything else, what differentiates people who live up to their potential from those who don't is a willingness to look at themselves and others objectively

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To make money in the markets, you have to think independently and be humble.

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Unlike in school, in life you don't have to come up with all the right answers. You can ask the people around you for help - or even ask them to do the things you don't do well. In other words, there is almost no reason not to succeed if you take the attitude of 1) total flexibility - good answers can come from anyone or anywhere (and in fact, as I have mentioned, there are far more good answers 'out there' than there are in you) and 2) total accountability: regardless of where the good answers come from, it's your job to find them.

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Be wary of the arrogant intellectual who comments from the stands without having played on the field.

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The more you think you know, the more closed-minded you'll be.

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