Chapter
Principles of Building and Discipline with Ray Dalio
2:00:23 - 2:08:39 (08:16)
Ray Dalio emphasizes the importance of discipline in building successful teams and companies that last, starting with disciplined people. He also stresses the value of meaningful work with people you love and respect in both personal and professional relationships.
Clips
The key to lasting success lies in building discipline in your thoughts and actions, surrounding yourself with people you love and respect, and maximizing the returns on luck.
2:00:23 - 2:05:34 (05:11)
Summary
The key to lasting success lies in building discipline in your thoughts and actions, surrounding yourself with people you love and respect, and maximizing the returns on luck.
ChapterPrinciples of Building and Discipline with Ray Dalio
Episode#361: Jim Collins — A Rare Interview with a Reclusive Polymath
PodcastThe Tim Ferriss Show
The role of big bets and innovation needs empirical validation, which is different than pure analysis according to Jim Collins, author of "Great by Choice".
2:05:35 - 2:06:36 (01:01)
Summary
The role of big bets and innovation needs empirical validation, which is different than pure analysis according to Jim Collins, author of "Great by Choice". A principle he called firing bullets then firing cannonballs is important in empirical validation.
ChapterPrinciples of Building and Discipline with Ray Dalio
Episode#361: Jim Collins — A Rare Interview with a Reclusive Polymath
PodcastThe Tim Ferriss Show
Firing cannonballs in business strategy can provide a big burst of momentum and a calibrated line of sight.
2:06:36 - 2:08:39 (02:02)
Summary
Firing cannonballs in business strategy can provide a big burst of momentum and a calibrated line of sight. This can help in making a big bet that is empirically validated, giving a massive momentum in a new direction.