![]() Good pain comes from pushing through towards one’s goals, bad pain is what we will end up with if we don’t go after that which we desire. To illustrate this Dalio uses the example of how there is good pain and there is bad pain. On the other hand, those who accept that they will have to go through some tedious work at first in order to accomplish epic things will look upon the pain as temporary and see it as a necessary evil while focusing on the light in the end of the tunnel. People who fail to overcome the initial pain, effort, or boredom that is required to execute on a long-term goal tend to not make it that far. Once you accept that playing the game will be uncomfortable, and you do it for a while, it will become much easier… When you think that it’s too hard, remember that in the long run, doing the things that will make you successful is a lot easier than being unsuccessful. Letting Pain Stand in the Way vs Accepting and Managing Pain The first of the five criteria for success is… 1. But there’s a huge difference between theory and practice: it takes a long time to not only understand, but to fully embody all the five criteria. ![]() Theoretically speaking all these five criteria are pretty easy to understand. In the book Bridgewater Principles (included in the bottom) Dalio describes his own five main criteria for success in life regardless of how one defines “success”. If you honestly ask and answer these questions you will move much faster towards what you want to get out of life than if you don’t! The best advice I can give you is to ask yourself what you want, then ask ‘ what is true’, and then ask yourself ‘what should be done about it’. In short, he is a badass man who went from very humble background and made it to the world elite. He grew up in a middle class home as the only child of two Italian-American parents and started investing at age 12. He has been ranked as one of the 50 most influential people in the world. Ray Dalio is the founder of Bridgewater, the world’s largest hedge fund.
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