Principles for 2022 Graduates by Ray Dalio

According to Wikipedia.org, "Raymond Thomas Dalio...is an American billionaire investor and hedge fund manager, who has served as co-chief investment officer of the world's largest hedge fund, Bridgewater Associates since, 1985." He is "regarded as one of the greatest innovators in the finance world, having popularized many commonly used practices, such as risk parity, currency overlay, portable alpha and global inflation-indexed bond management". He frequently posts commentary and guidance in "Principled Perspectives" published monthly on LinkedIn.com and he recently published the volume "Principles for Dealing with THE CHANGING WORLD ORDER Why Nations Succeed and Fail. Below are seven "Principles for Graduates" posted on LinkedIn.com

Image of Ray Dalio from Bridgewater Associates

1. "Be humble and maximize your learning, ideally working in an apprentice relationship with a great boss/mentor and in a great community"

2. "Experiment a lot to explore what different paths in life are like and learn from trial and error."

3. "Pick your culture well. Make sure you always have the right to make sense of things."

4. "Be open-minded and assertive at the same time and learn how to struggle and fail well."

5. "Realize that meaningful work and meaningful relationships will fulfill you and help you be more successful."

6. "Remember that pain+reflection=progress so that your failures will give you gems/improvements if you diagnose them well."

7. "Be radically truthful and and transparent so that you triangulate with others and build better relationships."