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Excellent principle review
Excellent ideas about principles 1 If any organization or institution wants to operate normally, its working principles must conform to the living principles of its members. Ray Dalio
An organization is like a machine, which is mainly composed of two components: culture and employees. The two influence each other, because the employees of the organization shape the culture of the organization, and the culture of the organization determines what kind of employees to choose. Excellent institutions have excellent employees and excellent culture. Excellent employees have noble character and excellent ability. Excellent culture does not cover up problems and differences, but solves problems openly and properly, likes to let the imagination run wild and is willing to set a precedent.
The first principle is to create a good culture.
It is necessary to create a culture that allows mistakes, but does not tolerate repeated mistakes regardless of lessons. Realizing that mistakes are a natural part of the evolution of things. Don't dwell on temporary success or failure, but focus on achieving your goal. It is necessary to observe the error mode and judge whether it is caused by shortcomings. Remember to reflect on yourself after the pain. Know which mistakes are acceptable and which are intolerable, and don't let subordinates make unacceptable mistakes.
The second principle is to use the right person.
The reason why we should use the right person is because the price of improper employment is high. Let the right people do the right things, remember that there are differences between people, and different understanding and thinking make different people suitable for different jobs. Treat your team like a sports manager: no one can win alone, but everyone must beat their opponents.
Excellent people are not easy to find. Think about how to keep them. Finding someone is not only a specific job, but also a willingness to share your life with them. When considering salary, we should provide stability and let people see opportunities. Remember, to maintain a good cooperative relationship, consideration and generosity are more important than money.
In order to use the right people correctly, we must continue to train, test, evaluate and assign employees. Understand that you and your subordinates will experience personal growth. Evaluate people accurately, don't be a "Mr. Nice guy". Strict love is both the most difficult love to give and the most important love (because it is very unpopular). Knowing how people do things and judging whether this way of doing things can achieve good results is more important than what they do.
Ridario summed up the method of doing a good job in bridgewater as "principle", covering all aspects of life, work and management. You always think that success has secrets. After reading it, you may find that the reasons for success are almost the same, and many of them have heard of it, but you don't think so much-but you do what you say. This is the secret of achieving Ridario. This is called principle.
Excellent thoughts on principles II. Follow the trend to see this best-selling book published in June 5438+this year 10. I seldom read books on management or investment before, so I am not very interested in such bestsellers. But this book is so famous that I can't help buying it and reading it. Fortunately, this 98 yuan book is worth it.
This book is divided into three parts: The first part is his personal experience. The second part is the life truth he shared. The third part is the working principle. I will also talk about my feelings in this order.
I. Personal experience
Let's talk about the author first I haven't paid attention to the investment field before, so I first heard that this big coffee is called Dalio and the name Bridgewater. After reading this book, what interests me most about his experience is his great interest in China. He likes China very much. He once let 1 1 year-old son live with a friend in Beijing, and lived alone in Beijing for one year. And his great praise for secretary Qishan. I heard that he comes to China once every six months now. He even joked that he might have come from China in his previous life. Secondly, I am interested in Qiaoshui's company. Judging from this book, Qiaoshui Company is a somewhat mysterious company to the outside world, even a company with a cult feeling. This may be because the corporate culture pursued by Qiaoshui is contrary to the free and personalized corporate culture pursued by general western enterprises. As can be seen from the name of this book, Dalio and bridgewater he founded pay great attention to rules, and pay more attention to everyone's absolute obedience to principles than personality. His and Bridgewater's insistence on principles is not only verbal, but also written down and even solidified by computer, and these computer-solidified models are the basis for individual or company decision-making. This absolute insistence on principle has created the success of Dario and Qiaoshui. And in this book, he also publicly shared the principles of his application.
Second, the principle of life
I think this part is the essence of this book. As I mentioned in my last article, excellent people have some * * * characteristics. In this part, I think Dario summed up these excellent qualities. If we can choose the one that suits us from these principles and then establish our own principles according to his method, it will certainly bring growth and make our road to success smoother. The most important premise of the principle of life is to think independently about three questions: what do you want? What is the truth? How to achieve your goals? The first question is to explore the inner process, and the answer is your dream; The second question is to explore the external process, and the answer is reality; The third question is the process of exploring methods, and the answer is your determination. So dream+reality+determination = success. Think about it carefully, many people fail because they lose in reality and determination, so the world is full of dreamers. Reality is one's own ability and resources. The most important sign of truly understanding reality is to realize that some things can never be done. Don't be too moved by your dreams, but really realize your personal limitations and admit your failure. Determination, here more refers to a set of methods, and according to this method to carry out. One of the most important things is to keep an open mind. Determination is not to stick to your own ideas and go your own way, but to have an open mind and know when to adopt other people's decisions. Because the real firm goal is to make the best decision, not your personal decision.
Third, the working principle
Simply put, Bridgewater's three working principles are: extreme realism, extreme transparency and creativity. Compared with the universality of life principle, China company should choose working principle. Of course, I like this corporate culture, and I can work in an open, transparent and open debate and credibility scoring environment. But I think these working principles are difficult to apply in the reality of most enterprises in China. First of all, state-owned enterprises are not suitable. The organizational structure and corporate culture of state-owned enterprises can't provide such an environment, and they don't have such professional ability in personnel quality and informatization ability. Small companies may not be suitable, after all, such a large-scale application of principles is a burden for a fast-responding small and medium-sized enterprise. What about those unicorn companies? May be the most suitable for transplanting this culture. But I have been worried about the obscurity of China people's own culture, and whether even the youngest newcomers can tolerate this extreme transparency. Because while asking others to be true and transparent, we should also be true and transparent to ourselves. Just like recording all meetings, it is just that this principle is not acceptable to everyone. But no matter what type of enterprises, they can learn from these rules to varying degrees and formulate their own principles appropriately.
Fourth, summary.
This "Principle" is really a very good book, and it is also very enjoyable to read. There are a lot of dry goods in it, which is worth seeing several times. This book is suitable for all kinds of people to read. It can be used as a reference for growth books, daily psychology books, management bibles and human resource managers in recruitment and performance management. The credibility scoring method mentioned in it may be more valuable than performance evaluation.
The book "Principles" is very rich in content, and the author Daglio tells readers about his life experience and entrepreneurial experience for more than 40 years. I think, no matter who the reader is, no matter at what stage of his life, he is likely to benefit from this book. Because of this, each reader's experience and gains after reading will be very different. I'm here to say a few things that impressed me the most.
First of all, we should do more meaningful thinking. At the beginning of this book, three questions are enlightened: (1) What do you want? (2) What is the reality? (3) What are you going to do? These questions are what we need to think clearly if we don't want to live in a daze all our lives. At the beginning, or for a long time, we may not have clear answers to these questions; Even as our experience grows, our life goals are constantly changing. But we must always think about these problems.
According to my experience, a lot of unhappiness and pain in life are caused by the mismatch between my expectations and reality. It is normal that there is a gap between expectation and reality. In this case, we generally have two choices. The first is to choose to accept the reality, so lower expectations. The second is that you are not going to accept the reality, so you need to make an action plan to make the reality gradually close to expectations. We can live in a huge gap between expectations and reality for a short time, but certainly not for a long time.
In this thinking process, expectations and reality are often constantly changing, so this is a dynamic adjustment process. Ideally, my expectations are always set a little higher than the reality, so that I have the motivation to work hard and will not be discouraged by setting my goals too high.
Secondly, be extremely honest and face your weaknesses correctly. When I say honesty here, I don't mean that you can't deceive others, because that is one of the basic principles of being a man, and it is beyond the scope of discussion at all. It means being extremely honest with yourself. We know best who we are, what our personality is, and what our strengths and weaknesses are. If you are unclear, you can ask others for help. We can try, improve and fail, but we can't pretend. If we can't be honest with ourselves and face up to our weaknesses, it will be difficult for us to make progress and have a more meaningful and successful life and career.
Contrary to what most people think, Dalio tells us that having weaknesses is not a bad thing in itself. In his opinion, he has never met a perfectly successful person. Even the heroes in his eyes will constantly encounter all kinds of setbacks in their life experiences, and these setbacks are often caused by their weaknesses. But these heroes can face up to themselves, overcome their weaknesses, and will not let their feelings hinder their progress. This is especially important to us. We are participants in the financial market, and our weaknesses will be immediately and ruthlessly projected on the performance. In front of the market, our self-feeling or face is worthless. For example, if we go in the wrong direction, will the market change its direction considering our face problem? Of course not. In this case, all we can do is save face, admit our mistakes and correct them. There is no second way to choose.
Third, related to the above point of view, how do we face failure? Not to say that you can't fail, but how to face failure and be defeated by it, or take failure as a rare learning opportunity, learn from it and improve yourself? This is true for individuals and institutions. For example, many companies are devastated in the face of setbacks and even withdraw from the historical stage. Daglio cited an example, that is, only a few constituent stocks of the Dow Jones index decades ago were still in the index, which is why. Nietzsche said, "Anything that can't kill me will make me stronger". Yes, but only if we learn from our mistakes.
In the attitude of how to face failure, people's differences throughout the ages are actually quite big. I have a feeling that our culture seems very intolerant of failure. For example, in history, if a military commander is defeated, the result of waiting for them is rather tragic, and it is usually handled by military law, such as beheading. For example, if civil servants fail to implement certain reforms, what awaits them is often destruction and even moral condemnation. These situations have occurred repeatedly in our history. But in contrast, the West is much more tolerant of failure. For example, in ancient Rome, defeated generals were generally not severely punished unless they were suspected of collaborating with the enemy and betraying the country; On the contrary, many will be reactivated and continue to gallop on the battlefield. The ancient Romans believed that the defeated army would learn valuable experience from failure that victory could not bring, and the soldiers' sense of honor would drive them to pursue brilliant victories in the future.
Only allowing victory without tolerating failure will cause more problems, such as not trying, such as the parties trying their best to cover up the failure. In this regard, many wise men have done a lot of discussion. For us, this question is very crucial. In financial markets, failure is the norm. There is a saying that in the long run, it would be great if you only have a 50% success rate; 60% success rate, you are a legend; If your success rate can reach 70%, you are God.
It's been some time since I finished reading this book. First, I'm a little lazy. Second, the content of the book is a bit grand, and it seems that I can't grasp the key points, so I spent more than a week writing some reading feelings.
The writer is Radario, founder of hedge fund company Bridgewater. He was born in a very ordinary middle-class family in Long Island, new york. At the age of 26, he founded Bridge Water in his two-bedroom apartment. After 42 years of development, Bridgewater ranks fifth in the list of the most important private companies in the United States (Fortune Magazine). He was selected as the most influential person in Time magazine 65,438+000 and the richest person in Forbes magazine 65,438+000. Because his unique investment criteria changed the fund industry, American CIO manager magazine called him "Steve Jobs in the investment field".
1, content outline
The content of this book is mainly composed of three parts. The first part tells about my life experience, starting a business, failing to start a business, having a low life, starting a business again and getting a return; The second part tells the principles in life; The third part expounds the principles in the works. If the biggest gain of the whole book, I think the conclusion is to live efficiently, work efficiently and live an efficient and quality life.
2. Overall feeling
For life, we should think independently, what we want, what the current situation is, and then how to do it. In the process of thinking about goals and achieving them, to be efficient, we must learn to make the best choice, learn to evaluate and diagnose the status quo, and think with an open mind. In this process, we will also encounter many difficulties. Don't let people's brain emotions control us, let us have too much fear of difficulties, think rationally, look at difficulties rationally, and think about countermeasures and improvements.
For work, first, create religious culture, be transparent and open, and let employees establish meaningful interpersonal relationships and meaningful work; The second is to streamline and institutionalize the work, observe and think about the processes and mechanisms at a higher level, and constantly optimize the feedback.
For the work part, share three more points:
First, the attitude towards mistakes. You can accept mistakes, but you can't accept repeated mistakes. When employees do something, mistakes can be avoided as much as possible, but they will always happen. If they can't tolerate mistakes, it will affect their bold attempts. But if they make mistakes again and again, there will be problems with their attitude and intelligence.
B, people have their own strengths and make rational use of them. Everyone has his own specialty or field of expertise, so we should label employees' specialty and personality as much as possible to match the right job, establish a matching model for the post, and let the right people do it most efficiently; For yourself, you should also recognize what you are not good at, and ask people who are so good at this field when you encounter problems, not people you can talk to.
C. establish a feedback mechanism. Feedback is the most effective way to improve. For the process, there should be feedback and then improvement. Feedback points can come from the comparison and in-depth analysis of results and objectives, and can also come from logical methods and corrections in the process. For individuals, we should always reflect on ourselves, do things without feedback and thinking, and make slow progress. For example, there are 100 numbers, from 1 to 100. I need to guess which number you chose. If there is no feedback, it may be 1 time or 100 times.
Excellent ideas about principles 5. I first saw the book Principles on the best-selling management list in JD.COM. Look through the catalogue and know that it is useful.
Later, I forgot to bring the paper version, went to WeChat and searched it, and named it "Principles (Recommended by Luo Zhenyu's New Year Speech)". So I went to see Luo Zhenyu's New Year's speech-"Friends of Time 20xx", and this is the second time I know the principle. It can't be said that Luo Zhenyu's speech is a bit noisy and flattering, but it doesn't prevent it from bringing a new wave of thinking.
Luo Zhenyu said that Principle presents a lifestyle driven by "life algorithm". Score = core algorithm × square of a large number of repetitive actions. To put it more simply, life algorithm is the most basic routine that you keep repeating in the face of the world. Find it, repeat it, strengthen it.
"Life algorithm", I prefer to call it a routine. This is the "formula" of life. You can make the right decision with higher probability without thinking. We have experience, no summary and no routine. We have experience, summary and a little routine. But remember one sentence: "The threshold that you are experiencing that you can't cross has been experienced by thousands of people in Qian Qian before". There are many ways to summarize the experience that Rui Dario has crossed.
This is not a vain success story, nor is it chicken soup for ordinary people. After all, Ridario, like Jobs, does not have the artistic family background of Bill Gates' IBM executive mother, Ma's state-owned enterprise general manager father and Ma Yun's strong political and business relationship. They all really started from scratch, but the difference is that Rui Daglio summed up the experience for the world, and Jobs only left the apple that was once the ultimate.
Therefore, this book is my practical mentor. I remember several times when I met with difficulties and couldn't solve them. I flipped through it and suddenly realized. Believe in extreme realism and transparency, and be extremely open-minded, and create a culture that allows mistakes, but does not tolerate ignoring lessons and making mistakes again and again. ...
I don't believe that the greater the effort, the greater the gain. In that case, I can move the richest man in the world by moving bricks. Of course, if you don't work hard, you won't even have a chance to move bricks. And I firmly believe that the right direction and the right routine are the key to growth. In the wrong direction, the harder you work, the farther away you are from your goal. With routines, it is equivalent to having a "shortcut" to reduce stumbling.
Is it terrible to be mediocre all your life? What should I do if I have worked hard all my life and still achieved nothing?
Principles provide a set of logical and executable routines. Ridario hopes that everyone will either work hard or work hard to realize a little value in life.
"Time is like a river, carrying us downstream and meeting the reality that we need to make a decision. We can't stop and we can't avoid meeting them. We can only respond in the best way. "
Excellent Thinking about Principles 6 When I first saw the book Principles, I thought it was another inspirational bestseller written by successful people with a fixed routine. But after I read it deeply, I found that this book is actually very different from similar books.
Dario, the author of this book, is the founder of Bridgewater, a hedge fund company. He was born in a very ordinary middle-class family in Long Island, new york. At the age of 26, he founded Bridge Water in his two-bedroom apartment. After 42 years of development, Bridgewater ranks fifth in the list of the most important private companies in the United States (Fortune Magazine). He was selected as the most influential person in Time magazine 65,438+000 and the richest person in Forbes magazine 65,438+000. But no one expected that when Dali Ou Chu entered the stock market, his company almost went bankrupt because of his arrogant personality and wrong decision-making, and he had to borrow money from his father to make a living. After that lesson, the author learned humility and decided to formulate some systems and principles. Later, he also made the principles and secrets of his company public, hoping to help everyone work hard, make continuous progress and realize the greatest value of life.
The content of the principle is mainly divided into three parts. The first section tells the story of Daglio's establishment of bridgewater up to now, and the last two sections are about "the principle of the author's life" and "the principle of bridgewater's work" respectively. The author attributes his success to summing up these experiences and knowledge, whether his own or others', so that he can know what to do even in ignorance. The author believes that only by recording individual principles one by one and then implementing them accurately can people get rid of all contradictions, irrationality and fragility. Now I want to share my thoughts.
First, there are clear goals. Some people are looking for brand-name handbags of more than 10 thousand yuan, or want to drive an expensive car, but in fact, they seldom feel happy. Because they don't know what they really want. Never mistake the label of success for success itself. We must establish the direction we are pursuing. Also, if you set your goal as something that can be achieved within your ability, then your self-demand is too low. Remember, great expectations create great abilities.
Second, find problems. Think of those problems that make you feel painful as opportunities that can make you progress. Most people don't like to do this, because those problems will expose their shortcomings. They usually avoid talking about it or resist it. But for me, I know I have to do this. Since I entered the university, I have faced up to my procrastination habit. Even if I had a lot of ideas in the early days, I wouldn't take any action. Now, as long as I want to do something, I will practice it in time and leave my life footprint for my future.
Third, keep an open mind. Have you ever met someone who insisted that his idea was right and yours was wrong when discussing with them? A closed-minded person, they have too many preconceptions, and the result is that they constantly only look at what they like and hit a wall in their own blind spots. So I often tell people the importance of reading in many ways. Train yourself to analyze different viewpoints and different possibilities, instead of letting your self-awareness or blind spots of thinking hinder your progress. I am really emotional when I have an argument with someone. The other party thinks that I am immature and have no money to argue with him. This is actually meaningless. Most people think that disagreement is a bad thing, but I think it is an opportunity to learn. People who can learn something every time they disagree and are willing to change their minds in it will gain a lot. And how valuable are those who still insist on their own ideas and stubbornly refuse to learn and change?
My mother once told me that people who really care about you will point out your shortcomings, while those who are silent and have a good impression on you need to be careful. Fortunately, I have kept these words in mind since I was a child. I cherish meeting every friend who points out my shortcomings, examines the problems with me and gives me a response.
Before reading this book, I remembered the classic dialogue of Mark played by Chow Yun Fat in the movie "The True Color of Heroes": "I have my own principles, and I don't want to be trampled all my life." And when I read this book, I was thinking about my own principles. The principle that has been adhered to before may have been slowly eroded by time or society. When we can regain our principles and practice them step by step, I believe we can go more smoothly in the future.
Therefore, although the process of change is very painful and difficult, it may be a lifetime, and it will always be as difficult as Kuafu chasing the sun. But for the sake of those around us who love us and those who love us, we should be more like sunshine and strive to be better ourselves.
The excellent idea of principle 7 has a best seller every year, and it is said that one of the best sellers in 20xx years is principle. Some of Nuotai's partners recommended this book to me and asked my colleagues to buy it and read it together. The book will arrive soon. A thick black hardcover book with a simple binding design suddenly reminds me of the binding of the Bible. ......
The book introduces the growth process of the tycoon Ridario, and the principles he explored and believed in in his life and work, such as "pain+reflection = progress", "extreme openness", "extreme transparency", "establishing an analytical model", "the road to hero's growth" and "extreme wisdom and pragmatism". Although the author may not have seen this article after reading it, I am sure it will be helpful.
These principles are valuable principles that the author summarizes and follows and leads to its success! However, these principles can play different roles in everyone, just like the dry surface of the earth, God has given rain, but every plant and creature on the earth absorbs it in different ways, and a large number of people have no chance to absorb it. ......
Why is this? "Pain+reflection = progress". Pain is caused by personal desires and circumstances. What about reflection? What made it? Why do some people reflect on progress, while most people are constantly complaining, day after day, year after year, repeating and indulging in hardships? If we can't find the root cause, then this progressive machine still won't start. ......
Everyone has desires and everyone faces the environment. Both of them and their products "pain" are enjoyed by everyone, and everyone is born equal. The difference is "reflection". So, what is the core driving force that can start "reflection"? In my opinion, it is a tough and insignificant "self-motivated".
"Self-motivated" is so small that we can't see it at all. "Self-motivated" must be tough enough to be indomitable.
This is the only hope and difference between us! This is our most precious quality! Living a wonderful life is our lowest state of mind. No matter how the times change, how difficult the environment is and how arduous the task is, having "self-motivated" and "advancing with hope and perseverance" are the eternal lighthouses in our hearts!
The excellent review of Principle 8 is a book that combines psychology, management and philosophy.
The writer is Radario, founder of Bridgewater, the world's largest hedge fund. The book is mainly divided into three parts, personal experience, principles of personal life and management principles of enterprise management. The first part is the background introduction of the author to help readers understand the author's behavior pattern and the reasons behind it. The third part, taking Qiaoshui as an example, introduces in detail what systems Dario has established to help enterprises develop. This part is also the most difficult part to read, because it is too far away from my life. Maybe entrepreneurs will gain more after reading it. However, it is worth mentioning that I don't think a completely transparent management system like Qiaoshui is necessarily suitable for all companies. The theory put forward by the author is worth adopting, but if it is completely copied, it may not be suitable for every industry. After all, different industries have their own industry characteristics.
What inspired me most was the two viewpoints in the second part.
First, keep an open mind.
It is mentioned in the book that people always have a misunderstanding about themselves, and misunderstanding themselves is always right. So once someone raises an objection, the oldest amygdala in the human brain will dominate us to fight back against this suspected attack. As a result, both sides will not accept each other's opinions, resulting in invalid negotiations and wasting everyone's time. The purpose of discussing things is always to find the optimal solution, not to convince others to believe their own views.
Second, what is more important than opinions is the logic behind others' opposition.
No matter in Weibo, Youku or Billi, you can see netizens attacking each other personally because of their different views, which is of course meaningless and stupid. The most important reason why it finally turned into a personal attack is that no one tried to understand the other party's point of view from a logical point of view. Everyone's point of view is related to his surrounding growth environment, family education, life experience and personal habits. Simply correcting each other's point of view without understanding each other and emphasizing how your point of view is different from mine is an act of objectifying each other.
Finally, I read some books on business, although it looked very hard. I often fall asleep after reading it, but I still benefit a lot from it. Books with different themes can often provide people with new horizons, which is the pleasure of reading.
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