Page 293 - Ray Dalio - Principles
P. 293
36 We applied these ways of operating to the businesses of investing and managing.
In the process of investing I developed a practical understanding of what makes
businesses and economies succeed, and in the process of managing my company I
had to develop a practical understanding of how to manage businesses well. And I
liked that my understanding of these subjects could be objectively measured via our
investment performance as well as our business performance.
37 Because Principles is an evolving document, with new principles being added
and old ones getting refined all the time, they will be changed. You will be able to
find them in my forthcoming Principles app, which you can learn about at
www.principles.com.