Principles for Success: "The Call to Adventure" | Episode 1

Principles by Ray Dalio
8 May 201803:46

Summary

TLDRIn this mini-series, the narrator embarks on a journey to share life principles that have shaped their success. They emphasize the importance of independent thinking and learning from one's experiences and mistakes. The series promises to guide viewers on how to navigate life's recurring challenges with the help of these principles, highlighting the narrator's personal transformation from an ordinary life to achieving conventional success and meaningful relationships.

Takeaways

  • 📚 Embrace Learning: The narrator emphasizes the importance of learning from one's own experiences and mistakes to form personal principles.
  • 🤔 Independent Thinking: It's crucial to think for oneself about what is true, as this fosters the development of individual principles based on personal values.
  • 🚀 The Call to Adventure: The series begins with a call to adventure, suggesting that success involves stepping out of one's comfort zone and embracing new challenges.
  • 💡 Principles as Guides: Principles are described as smart ways to handle recurring situations, and the narrator intends to share overarching life principles that influence decision-making.
  • 🌱 Growth Through Mistakes: The narrator's life principles were not innate but acquired over time, primarily through the process of making and learning from mistakes.
  • 🔍 Reflection on Reality: The narrator views life as a journey where one continuously encounters reality, requiring decisions that shape one's path.
  • 🛣️ Time as a River: Time is likened to a river that carries us into inevitable encounters with reality, emphasizing the importance of approaching these encounters wisely.
  • 💼 Decision-Making Impact: The quality of one's life is determined by the quality of decisions made, highlighting the significance of thoughtful decision-making.
  • 🌟 Success Beyond Convention: Success is not just about conventional achievements but also includes meaningful work and relationships, which the narrator values more.
  • 🔑 Uniqueness in Approach: The narrator's success was not due to personal uniqueness but rather a unique approach to life that others can adopt.
  • 🔄 Continuous Learning: Even after achieving success, the narrator continues to learn new principles, indicating that the pursuit of knowledge and self-improvement is ongoing.

Q & A

  • What is the main theme of the 'Principles for Success' mini-series?

    -The main theme of the 'Principles for Success' mini-series is to share the fundamental life principles that the narrator believes have contributed to his success and could potentially help others achieve their own goals.

  • Why does the narrator feel it's presumptuous to tell others what to do?

    -The narrator feels it's presumptuous because he acknowledges that he doesn't know much relative to what he needs to know, and his success has more to do with dealing with his lack of knowledge rather than any specific knowledge he possesses.

  • What is the narrator's motivation for sharing his principles?

    -The narrator's motivation for sharing his principles is that he is at a stage in his life where passing along what he has learned about how to be successful is more important to him than seeking more success for himself.

  • What does the narrator consider as the first and most fundamental principle for success?

    -The first and most fundamental principle for success, according to the narrator, is the need to think for oneself about what is true.

  • How does the narrator define 'principles' in the context of the series?

    -In the context of the series, 'principles' are defined as smart ways for handling things that happen over and over again in similar situations.

  • How did the narrator acquire his life principles?

    -The narrator acquired his life principles over a lifetime of experiences, mostly from making mistakes and reflecting on them.

  • What is the narrator's view on the completeness of his life principles?

    -The narrator views his life principles as simple but not complete, acknowledging that he still struggles to make the best decisions, makes mistakes, and learns new principles all the time.

  • Why is it important to escape the conventions according to the narrator?

    -It is important to escape the conventions because unless one wants a life directed by others, they need to decide for themselves what to do and have the courage to do it.

  • How does the narrator describe the journey of life in relation to decision-making?

    -The narrator describes the journey of life as a river that carries us forward into encounters with reality, requiring us to make decisions, and the quality of these decisions will determine the quality of our lives.

  • What is the source of the most valuable lessons the narrator has learned?

    -The most valuable lessons the narrator has learned are the results of mistakes he has reflected on, which helped form principles so he wouldn't make the same mistakes again.

  • What does the narrator believe is the key to adopting a unique approach to life?

    -The key to adopting a unique approach to life, according to the narrator, is to embrace reality and deal with it, which will be explained further in episode two.

Outlines

00:00

🚀 Embracing the Call to Adventure

The narrator introduces the 'Principles for Success' mini-series, emphasizing the importance of personal growth and the sharing of life principles that have contributed to their success. They acknowledge their own limitations in knowledge and the presumptuous nature of advising others, yet feel compelled to share due to the potential these principles have in aiding others to achieve their goals. The narrator stresses the need for independence in thought and the development of personal principles based on individual values. The first principle highlighted is the necessity of thinking for oneself to discern what is true. The journey of acquiring principles is described as a lifelong process, shaped by experiences and mistakes, and the narrator invites the audience to join them in exploring these principles further.

Mindmap

Keywords

💡Principles for Success

This phrase encapsulates the core theme of the video, which is about the fundamental guidelines or rules that lead to success. The narrator emphasizes that these principles are derived from personal experiences and are meant to be adaptable to individual values and situations. The video aims to impart these principles to help viewers achieve their goals, as illustrated by the narrator's belief that 'the principles that have made me successful, could help other achieve their own goals.'

💡Independent Thinker

An independent thinker is someone who forms their own opinions and makes decisions based on their own understanding and judgment rather than relying on others. In the context of the video, the narrator encourages viewers to be independent thinkers by developing their own principles, which is crucial for personal growth and success. This is exemplified when the narrator states, 'You have to be an independent thinker because only you can develop your own principles based on your own values.'

💡Adventure

In the video, 'adventure' is used metaphorically to describe the journey of personal growth and discovery that the narrator has embarked upon. It symbolizes the process of learning and acquiring principles through experiences, including mistakes. The narrator's realization about the importance of thinking for oneself came from going on 'my adventure,' which highlights the value of personal experiences in shaping one's understanding of success.

💡Reality

The term 'reality' in the script refers to the actual circumstances or facts of a situation, which the narrator suggests should be embraced and dealt with as part of the path to success. It is a foundational concept for the narrator's approach to life, which will be further explained in episode two. The narrator's journey and the principles he has developed are deeply rooted in facing and responding to reality, as indicated by 'In episode two, I'll explain what that means.'

💡Decisions

Decisions are choices made between two or more alternatives, and in the video, they are portrayed as pivotal moments that shape one's life. The narrator emphasizes the importance of the quality of decisions in determining the quality of life, stating, 'In your lifetime, you will face millions of decisions. The quality of your decisions, will determine the quality of your life.' This underscores the significance of making informed and thoughtful choices.

💡Mistakes

Mistakes are errors or incorrect actions made in the process of learning or problem-solving. The narrator acknowledges the value of learning from mistakes as a means to form principles and avoid repeating them. This is evident when the narrator says, 'Over the course of my lifetime, the most valuable things I've learned, were the results of mistakes I've reflected on, to help form principles so I wouldn't make the same mistakes again.'

💡Conventions

Conventions refer to established practices or norms within a society or group. In the script, the narrator mentions the need to escape the conventions that surrounded him, indicating a desire for individuality and non-conformity. This is a call for viewers to think beyond traditional norms and to forge their own paths to success, as illustrated by 'I needed to escape, the conventions that surrounded me, which meant that I needed to think for myself.'

💡Overarching Life Principles

These are the fundamental beliefs or guidelines that influence a person's approach to various aspects of life. The narrator shares some of his most important overarching life principles that have shaped his approach to everything he does. They are described as simple but not complete, reflecting the ongoing nature of personal development, as the narrator mentions, 'I'm going to share some of my most important, overarching life principles that influence, how we approach everything that we do.'

💡River

The metaphor of 'river' is used to represent the flow of time and the continuous journey of life. It carries individuals forward into encounters with reality that require decision-making. The narrator uses this metaphor to convey the inevitability of life's progression and the importance of facing its challenges proactively, as seen in 'Looking back on my own journey, I now see that time is like a river, that carries us forward into encounters with reality, that require us to make decisions.'

💡Middle-Class Kid

This term refers to the narrator's background as an ordinary child from a middle-class family. It serves as a point of reference for the transformation the narrator has undergone, from a conventional start to achieving success by conventional measures. The phrase is used to emphasize that the principles for success are accessible to anyone, regardless of their starting point, as indicated by 'These principles took me from being, a very ordinary middle-class kid, from Long Island to becoming very successful.'

💡Meaningful Work and Relationships

These concepts represent the deeper, more intrinsic values that the narrator holds above conventional measures of success. Meaningful work refers to a career or job that provides a sense of purpose and fulfillment, while meaningful relationships are those that are deep, supportive, and enriching. The narrator values these aspects of life more than material success, as he states, 'They also gave me the meaningful work, and meaningful relationships that I value even more, than these conventional successes.'

Highlights

The narrator emphasizes the importance of dealing with not knowing and sharing principles that have led to their success.

The narrator admits to not knowing much and believes their success comes from handling uncertainty.

The narrator finds it presumptuous to tell others what to do but feels compelled to share principles that could help others achieve their goals.

The narrator is at a stage in life where passing on knowledge about success is more important than seeking more success for themselves.

The narrator encourages independent thinking and developing personal principles based on individual values.

The first and most fundamental principle is to think for oneself about what is true.

The narrator discovered early on the need for principles as smart ways to handle recurring situations.

Principles are applicable to all areas of life, from skiing to parenting to cooking.

The narrator will share overarching life principles that influence their approach to everything.

The narrator's life principles were acquired over a lifetime of experiences, primarily from making mistakes and reflecting on them.

The narrator acknowledges that their life principles are simple but not complete, and they continue to learn and make mistakes.

To escape conventions, one must think for oneself and have the courage to make independent decisions.

The narrator views life as a river, carrying us forward into encounters with reality that require decision-making.

The quality of decisions made throughout one's lifetime determines the quality of life.

The most valuable lessons the narrator learned came from reflecting on mistakes to form principles and avoid repeating them.

The narrator's principles have led them from an ordinary middle-class background to conventional success and meaningful work and relationships.

The narrator's success was not due to their uniqueness but a unique approach to life that others can adopt.

Embracing reality and dealing with it is the starting point for the unique approach to life that the narrator will explain in episode two.

Transcripts

play00:00

- [Narrator] Principles for Success.

play00:01

An ultra mini-series adventure

play00:04

in 30 minutes and in eight episodes.

play00:07

Episode one, The Call to Adventure.

play00:12

Before we begin, let me just establish the fact

play00:15

that I don't know much relative to what I need to know.

play00:19

Whatever success I've had in life

play00:20

has more to do with my knowing how to deal

play00:23

with my not knowing than anything I know.

play00:27

That I should be telling other people what to do

play00:29

sounds kind of presumptuous to me.

play00:32

But I'm going to do it because I believe

play00:34

that the principles that have made me successful

play00:37

could help other achieve their own goals.

play00:40

I'm now at a stage in my own life

play00:41

in which it is much more important to me

play00:44

to pass along what I've learned about how

play00:47

to be successful than to seek more success for myself.

play00:51

What you choose to do with these principles is up to you.

play00:55

You have to be an independent thinker because only you can

play00:58

develop your own principles based on your own values.

play01:02

This brings me to my first and most fundamental principle

play01:06

which is that you need to think

play01:08

for yourself about what is true.

play01:11

So let's get started.

play01:13

Early on, I've discovered I needed principles.

play01:16

Principles are smart ways for handling things

play01:18

that happen over and over again in similar situations.

play01:21

There are principles for everything.

play01:23

From skiing, to parenting, to cooking, and so on.

play01:28

I'm going to share some of my most important

play01:31

overarching life principles that influence

play01:34

how we approach everything that we do.

play01:37

I didn't start out with principles,

play01:40

I acquired them over a lifetime of experiences.

play01:44

Mostly from making mistakes and reflecting on them.

play01:48

My life principles are simple but they're not complete.

play01:52

I still struggle to make the best decisions

play01:55

and I still make mistakes

play01:56

and learn new principles all the time.

play01:59

This is the reality.

play02:02

At the beginning, I needed to escape

play02:04

the conventions that surrounded me

play02:06

which meant that I needed to think for myself.

play02:09

Unless you want to have a life that is directed by others,

play02:13

you need to decide for yourself what to do

play02:17

and you need to have the courage to do it.

play02:20

But I didn't know that at first.

play02:23

I only learned that from going on my adventure.

play02:26

Looking back on my own journey,

play02:28

I now see that time is like a river,

play02:31

that carries us forward into encounters with reality

play02:34

that require us to make decisions.

play02:37

We can't stop our movement down this river

play02:40

and we can't avoid the encounters.

play02:42

We can only approach them in the best possible way.

play02:46

In your lifetime, you will face millions of decisions.

play02:50

The quality of your decisions

play02:52

will determine the quality of your life.

play02:54

Over the course of my lifetime,

play02:56

the most valuable things I've learned

play02:58

were the results of mistakes I've reflected on

play03:01

to help form principles so I wouldn't

play03:04

make the same mistakes again.

play03:06

These principles took me from being

play03:07

a very ordinary middle-class kid

play03:09

from Long Island to becoming very successful

play03:12

as judged by conventional measures.

play03:15

They also gave me the meaningful work

play03:17

and meaningful relationships that I value even more

play03:21

than these conventional successes.

play03:23

People often ask me how I did it.

play03:25

I can assure you it wasn't because

play03:27

of my uniqueness as a person.

play03:29

It was the result of a unique approach

play03:31

to life I believe almost anybody can adopt.

play03:35

It starts with embracing reality and dealing with it.

play03:39

In episode two, I'll explain what that means.

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Étiquettes Connexes
Success PrinciplesLife LessonsDecision MakingPersonal GrowthAdventure SeriesSelf-DiscoveryPrinciples SharingMistakes ReflectionLife QualitySuccess JourneyReality Embrace
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