Ray Dalio Debuts Flexibility Principle as Key to Having It All
“The more clever you are, the fewer compromises you will have to make,” Dalio writes.
(Bloomberg) -- Ray Dalio knows he can sound “idealistic” when he encourages his avid readers to make their passion and work one in the same. That advice could even be dangerous to younger people just starting out in their careers, he said Wednesday in a LinkedIn post.
“To have both the money you need and the job you want, you have to be creative and flexible,” he wrote, debuting the maxim as one of the rules for life he calls principles.
Living your best life takes both fulfilling work and having enough money to buy the things you need, the billionaire founder of investment management firm Bridgewater Associates acknowledged, calling the right balance one of life’s “great puzzles.”
“The more clever you are, the fewer compromises you will have to make,” Dalio wrote, adding that solving the puzzle takes trial and error, determination, and “seeking the best advice one can get from the most believable people one can get to provide it.”
Read More: Ray Dalio’s Advice for Solving Career Roadblocks: Talk It Out
To contact the reporter on this story: Nathan Crooks in Miami at ncrooks@bloomberg.net
To contact the editors responsible for this story: Sebastian Tong at stong41@bloomberg.net, Polina Noskova
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