Ray Dalio is the founder of the world's biggest hedge fund firm, Bridgewater Associates, which manages $150 billion. Dalio grew up in a middle class Long Island neighborhood and started playing the markets at age 12, getting tips from golfers for whom he caddied, and in 1975, after earning an MBA from Harvard Business School, he launched Bridgewater from his two-bedroom New York City apartment.
Let’s hear from the person who learns from the best on his own career journey. Here is his tips on 5 step process of success:
1. Have clear goals, know what your priorities are. You can not have everything at the same time.
2. Identify and don’t tolerate problems, think about your problems as chances to improve. Don’t ignore problems just because they cause discomfort.
3. Diagnose problems to get at their root causes, make sure you understand the real cause of the problem before you starts thinking of a solution.
4. Design a plan, reflect back on what happened before this point in time and what needs to happen in the future.
5. Push through to completion, make sure you always know what you need to do and which tasks are more important, so always act on your plans and measure your work to see if your plan is working or not.
We need to always maintain a good posture in working, seeing through the challenges and deliver to task at hand on point. Let’s learn from the best and implement his tips in our working environment.