A great way to learn is to learn from the greats.
People throughout history who have achieved big things - whether it be preventing wars, developing theories, saving lives, creating companies and more.
You can learn a lot from these people. And I think the best way to learn is at the real fundamental level, the level of principle.
It's hard to build on tips or tactics. Principles can be applied to everything that we do. Like Truth, for example, which is a fundamental principle for producing good outcomes. It sounds trivial, but how much better would the world be if we all operated from the principle of truth and honesty?
One such person we can learn from is Ray Dalio. He is an American investor, hedge fund manager, and philanthropist. Dalio is the founder of investment firm Bridgewater Associates, one of the world's largest hedge funds.
Running one of the world's largest hedge funds is hard, you need to develop some pretty solid personal and company operating principles to achieve consistent positive results.
Lucky for us, Dalio has published a 3-part guide detailing the importance of having principles, his life principles and his management principles. It's a 55 page read but well worth the effort.
Below are the bits from the book I found most valuable, which I think are immediately applicable.
Sorry to be a party pooper, but it's not true. The world is fanstastically more complex than one that succumbs to your desires just because you want it so. Instead, there are millions of variables at play. The only things you can control are your thoughts and your actions (this is wonderfully liberating). So thinking of strategies to take advantage of serendipity is a wonderfully sensible move to try and maximise your chances of "success" (what ever that is for you :-))
From my perspective, the strategies I've found most useful from How To Get Lucky, particulary when combined, are as follows:
FIND THE FAST FLOW (go where events flow fastest - high concentration of people) +
RISK SPOONING (considering risk/reward ratios - never play Russian Roulette no matter the reward) +
WORST CASE ANALYSIS (assess and ensure you can handle the worst case scenario before committing) +
RUN CUTTING / LUCK SELCTION (take the gains / cut your losses) +
JUGGLING ACT/ZIG-ZAG PATH (opportunites can come from any where / life is not a straight line)
Full Book Notes
1. Making The Luck/Planning Distinction
Recognise, acknowledge and make the luck/planning distinction when something happens.
Good and bad luck is prevalent in everyone’s life.
Recognise, acknowledge and make the distinction between luck and planning. (X% Planning, Y% Luck)
Ignoring the role of luck is a recipe for bad luck.
Over 3 years ago, my good friend Tendayi Viki recommend the book REWORK to me by the guys who make Basecamp (awesome Project Management App).
REWORK is advice on building, running, and growing (or not growing) a business, based on the experiences of Jason Fried and David Heiner Hansson (founders of Basecamp). The key insights I took from the book have had a dramatic impact on the way I approach work, especially around the planning fallacy, mass and agility and removing constraints.
Below Are The Quotes That I Found Helpful From The Book - Enjoy!: