INSUBCONTINENT EXCLUSIVE:
By Tanvir GillWhen legendary investor Ray Dalio speaks, the world listens
helped him become successful and remain successful through his career.
I have gone through the series, because I feel in the principles that
govern how he lives his life lies the principles he followed to sharpen his skills as an investor.
We often wonder what it is it like to be
pace, the success you have achieved can disappear very quickly.
Through the video series his book, Principles: Life work, Dalio has
you walk on the two firm legs of aptitude and attitude
Without one, you would end up limping, losing your pace, energy and drive to go on.
In his series, Dalio highlights how ego and blind spot
Even in markets, investing to be specific, that holds true
invest.
There is a fine line between confidence and over-confidence
It is this fine balance that needs to be managed whenever making key decisions
Dalio has very aptly highlighted in his series to stare closely at the problem at hand, and not to jump to solutions
Understanding the problem is far more critical than finding an apt solution
Part of the process to get the problem right is to look at it from all angles engaging in debates and, as Dalio says, thoughtful
disagreements.
These are not bad words.
A disagreement can be very productive, if the purpose is aligned to maximise gains for all involved
talk is very relevant.
It helps one think through what are the real reasons for which one would want to invest in a business
more, talk more, disagree more, fail more to strive more to push harder and reach greater heights.
At the core of it, he wants you to be
true to yourself, in markets or otherwise, as truth holds the foundation of producing the outcome you desire
I see it in markets all the time: honest managements owning up their mistakes and fixing their problems, fund managers accepting when they
have got a call wrong and why they slipped and macro experts acknowledging that their interpretation of the data was not accurate, and so
on.
We all know mistakes are not bad
Yet, we want to avoid the risk of failure
the 2008 global financial crisis.
Till date, Dalio is credited for having successfully circumvented the market crash
