Principled Thinking

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While I haven’t finished reading it, I have been thinking about the book Principles by Ray Dalio.  As the title of the book suggests, Dalio has published his comprehensive list of principles that Bridgewater Associates uses as part of its decision-making framework.  He encourages others to adopt this method for refining processes and capturing on paper a person’s or organization’s core beliefs  through carefully considered principles.  The thinking is that these principles create a process for filtering information so that decisions remain within scope by removing extraneous considerations.

I have a notebook that I use to jot down thoughts about myself and my personal development.  I needed a place to collect my thoughts in one place about where I am, what direction I am heading, and where I want to go in both life and career.

Recently, I started sketching out some ideas for what my own list of Principles would look like.  I suppose “principles” might be the wrong word.  “Beliefs” might be a better word; “aspirations” also fits in there because I know that I don’t always do the things that I believe I should do (for instance, 5a and 5b below are things I conveniently forget when I’m mad at someone).

This is an incomplete, work-in-progress list.  I’m not even sure that I’m heading in the right direction, but these were the five things that came to mind when I first sat down to start collecting these thoughts.  Below, I have transcribed the notes seen in the photo above.

Many of these ideas have been taken from the various books I’ve read over the last few years.  I suppose it’s a bit of a distillation of all the ideas that were strong enough to make an impression with me.  I expect that this list will need many more additions and revisions, but keeping it a living document would be beneficial to capture how I grow as a person over time.

Principles

1.) Establish a locus of control
a.) Live intentionally, not reactionary/re-actively
b.) Don’t fly on autopilot on non-value added things (watching Netflix, YouTube)
c.) Automate necessary tasks; set-it-and-forget-it routines

2.) Extreme Ownership
a.) Take ownership over outcomes
b.) Bad stuff happening might not be your fault, but it’s your problem and your responsibility for the solution
c. View setbacks as opportunities for new or different things (“Good” ~Jocko)

3.) Radical Forgiveness
a.) Accept that you are flawed and subject to irrationality
b.) You will make mistakes (and have bad judgement)* – be comfortable with that
c.) Mistakes are fine as long as you learn and grow from them.  Don’t do it again
d.) Dust-off, re-centre, recalibrate, re-engage

4.) Define the problem – Gene Kranz
a.) Determine the scope
b.) Focus on delta’s, not negatives
c.) Never bring problems to your boss unless you genuinely can’t solve them

5.) Empathy
a.) Remember the Fundamental Attribution Error
b.) You don’t know the struggles people are grappling with, or their history prior to your interaction
c.) People want assurance that they are being heard;  that they matter
d.) Never attribute to malice which can be accounted for by ego, ignorance, or differing priorities

*Note added after I photographed the page from my notebook

Stay Awesome,

Ryan

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