Decision making Quote by Ray Dalio
““1. Slow down your thinking so you can note the criteria you are using to make your decision. 2. Write the criteria down as a principle. 3. Think about those criteria when you have an outcome to assess, and refine them before the next “one of those” comes along. Identifying which “one of those” each thing is is like identifying which species an animal is.””
About This Quote
Source Book: Principles, Ray Dalio, 2017
Slow down, define decision criteria as principles, and apply them consistently to improve judgment.
In simple terms: Take time, set principles, apply them.
Key Takeaway
Use clear principles for better decisions.
Themes
decision‑making
principles
reflection
learning
Mood
analytical
pragmatic
Type
business
self‑help
When to use this quote
- business strategy
- personal finance
- career planning
- education
Key Concepts
cognitive bias
systems thinking
self‑improvement
Questions to Reflect On
- What criteria guide your major choices?
- How can you refine a principle after a mistake?
A Different Perspective
Rigid principles may ignore nuanced contexts.
