This pandemic has undoubtedly created a lot of pain for many. It has also created opportunity for personal and organizational evolution.
Ray Dalio, founder of the world’s biggest hedge fund by assets ($160B), Bridgewater Associates, lays out how he personally evolved as well as evolved Bridgewater through trying times in his 2017 best-seller, Principles.
Pain and how it is dealt with is at at the center of his teachings.
“Pain plus reflection equals progress.”
The cycle of success and upward growth, according to Ray goes as follows:
Setting and moving towards audacious goals –> Failure –> Learning Principles –> Improving –> Setting and moving towards more audacious goals.
Rinse and repeat.
Dalio goes on: