Page 77 - Ray Dalio - Principles
P. 77
3 By “return streams,” I mean the returns that come from executing a particular
decision rule—think of them as lines on a chart that track the value of an
investment through time, and the decision to either let it continue to grow in value
or sell.
4 This approach is what I call the “5-Step Process.” I’ll dive into it in more detail
later on.
5 I’ll explore more on the topic of working with computer-aided decision-making
systems in Chapter Five of Life Principles, Learn How to Make Decisions
Effectively.
6 With advances in digital technology, we continue to innovate our methods for
recording and distributing this content.
7 You can find the references to books by Robert Kegan, Edward Hess, and Adam
Grant in the bibliography.
8 Treasury secretary Hank Paulson’s moves, especially putting government money
into systemically important banks, were also crucial.