Principles — Ray Dalio

Declan Scott
1 min readMar 22, 2021

This article is a summary of findings and learning from the book. It will be added to as the book progresses.

Figure 1: Principles Progression

Great is better than terrible, and terrible is better than mediocre, because at least it gives life flavo[u]r.

We as society need to rethink how we approach life. From our education we are taught that losing is bad. I find this a personal struggle constantly. Rather than appreciating being human and all that comes along with it, there are many ideas that turn into personal beliefs and in turn culture that is incorrect.

I am in a constant feeling of being behind. This feeling of “losing” is exactly what perpetuates this feeling of going no where. Rather than trying to get out of something, appreciating the “terribleness” emotion that I feel, I can turn that into thinking about what I want. I can than look at this time with gratitude because all things are done for me. This is an idea explained in the Creative vs Competitive Mind article.

These failures are really part of the process to growing and improving. In Figure 1, failures are 20% of the cycle. By continuing to fail (provided we learn), growing can be done quicker and quicker.



Declan Scott

Electrical engineer. Constantly learning.