Ray Dalio, Dec 23, 2016
Commentary by Stephen Downes

While I agree that it is important to understand the values and principles that guide your life, I am cautious about formalizing them into rules, and I warn against self-serving rationalization. We see both in this article by Ray Dalio. At the core of his value set are two principles (one of which is stated explicitly): first, the value of seeking the truth, and second, the value of focused hard work. But is is equally an error to suppose that you have found the truth, and that your success is specifically due to hard work. I'm sure he believes "reality + dreams + determination = a successful life" but it also helps to get a job as a caddy at age 12 and to fill your summers as an intern on the floor of the New York Stock Exchange. For me, empathy is as important as truth, and happiness is as important as hard work.

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