Ray Dalio 《原则》译文 (0)

网球 1

Part 3 is about my management principles. As I have run Bridgewater for
more than 35 years, it explains Bridgewater’s approach up till now. It
begins at the big-picture, conceptual level, with an explanation of why
I believe that any company’s results are primarily determined by its
people and its culture. It then drills down into what I believe are the
important principles behind creating a great culture, hiring the right
people, managing them to achieve excellence, solving problems
systematically and making good decisions.

正文参加#未完待续,就要表白#动。本人承诺,文章内容为原创,且无以任何平台上了。

Above all else, I want you to think for yourself—to decide 1) what you
want, 2) what is true and 3) what to do about it. I want you to do that
in a clear-headed thoughtful way, so that you get what you want.

来了参观校园觉得学校确实吓巧,好多扶植及花卉一接近的,大公园,小公园多,满校园的枇杷树,玉兰及梧桐。南工真的把绿化做的杀好慌棒,每个教学楼还非是一个“光杆司令”,总起一对扶植及翠绿草陪伴相间,来过南工的每个人都见面于同一栽情景所掀起,沉醉其中—那便是梦境西湖,很干净很斯文,与盈是教学楼的校园形成十分差别,更如是一个出人意料冒出的桃花源,有消费出度来养出鸟儿,很是千奇百怪。还有放的芙蓉,满园之翠绿与粉红,让我觉着这里小像老婆的园,不觉就情同手足很多。

不等之尺码适用于生存之不同点。比如:滑雪的规格适用于滑雪;养育孩子的口径适用于养育孩子;管理之尺度适用于管理;投资之基准适用于投资…等等。有一个差就是,生活的法适用于拥有方面。当然,不同的食指能总结出对他们的话最适当的原则。

网球 2

Until recently, I didn’t write out these principles because I felt that
it was presumptuous for me to tell others what would work best for them.
But over time, I saw the people who I cared about most struggling with
problems and wanted to help them; I also found that their problems were
almost always the result of violating one or more of these principles,
and that their problems could be solved by applying these principles. So
I began writing down the types of problems and the broken principles
that caused them. When I began, I didn’t know how many principles I
would end up with but, through this process, I discovered that about 200
principles pretty much cover all the problems.1 I’m sure that I will
come up with more as I learn more.

南阳理工学院荷花

I am confident that whatever success Bridgewater and I have had has
resulted from our operating by certain principles. Creating a great
culture, finding the right people, managing them to do great things and
solving problems creatively and systematically are challenges faced by
all organizations.

网球 3

但是本人再次确信只有这些标准由咱的现实中被被总下,它们才会还享有价值,而休是打他人那边了接受。因此我以她罗列在这边不是深受大家盲从,而是在咱们相遇现实题材经常看它是否真正可行。

新校区操场

I wrote this book to help you do that. I am going to ask only two things
of you—1) that you be open-minded and 2) that you honestly answer some
questions about what you want, what is true and what you want to do
about it. If you do these things, I believe that you will get a lot out
of this book. If you can’t do these things, you should reflect on why
that is, because you probably have discovered one of your greatest
impediments to getting what you want out of life.

网球 4

每当第一局部,我说明了标准化是啊,我怎么当她们大关键。并且提炼了我们能活出自我的精髓所在。

终极南工杯篮球赛我们拿到了季称为之成,虽然未是雅妙,但是有友好的汗水与分神在其间,即使没以到第一,也是青春无怨无悔,至少自己哉曾为协调之意愿而竭尽全力努力过,南工所发出去的年轻一代的热忱和朝气将带我们继承走下。

I also believe that those principles that are most valuable to each of
us come from our own encounters with reality and our reflections on
these encounters – not from being taught and simply accepting someone
else’s principles. So, I put these out there for you to reflect on when
you are encountering your realities, and not for you to blindly follow.

运动员风采

我形容了立本开帮助你开地方所陈述之政工。我只是会问两独问题:
1.君的思量一旦够开放
2你只要够诚实的答复一些关于什么是您所想使的,什么是本色,以及怎样取得结果。
只要您可知以这些去开,我相信您能由本书中查获广大营养,因为您既意识了阻止你成想象着自己之太酷阻力。

图书馆

Before I discuss the management principles themselves, it’s important
for me to articulate my own most fundamental life principles because my
management principles are an extension of them.

南工杯篮球赛

当自身谈谈我的管住极的时段,这些规范以及本身的在基本发生了酷强之链接。因为我的管理标准化就是是自家在标准的延长。
In Part 1, I explain what I mean by principles, why I believe they are
important, and how they are essential for getting what you want out of
life.

网球 5

以下三有的内容好分级阅读也可当一个完好无缺看。
率先片介绍大众拥有极的机要;
老二有些介绍自己在生活中经常采取的骨干条件;
其三片段自当管理桥水资本的时段使用的准。

网球 6

当自家说其是基准的时刻,我并无期其投射出强加的表示。我只有是想念表达它们是自身个人想法的下结论。我深信那些跟我伙共事同信任自己之人头会面认真的对待其。我摆出这些规范而说其内在的逻辑,这样咱们可以共同探索它们的优缺点。同时,我自家对这些规范很有自信,因为其是由此多聪明而严谨的人才严格检查之。我相信使用这些规则的前程凡是可期待的。通过罗列这些条件与对她们开展压力测试,这些标准的正确性将会晤进一步提高。

能被人真看到南工精神之尽管不得不说运动会了,每个学院还产生一个代表队,各个门类之运动员。最给我记忆深刻的即使是长跑5000米时的景象:对于老百姓来说,5000米当真正不是小数子,但是南工人却是积极参与并积极完成了之漫长的过程。跑无动了就算以和倒到脸上头上,为了给祥和清醒,太辛苦了就算慢数跑,歇一停止,但是没有一个丁是退跑道放弃比赛的,大家都坚持到最终,不管是缓还是连忙,都设坚持到终极,谁吧不放弃,不甘示弱,这为亏一直以来我们的南工人所独具的旺盛–不甘示弱。

明最近己才开始动手写下这些标准,因为自以为指别人什么是最最好之方式不休显得过于自大。但是通过一段时间的体察,我所在乎的丁连连在一些作业蒙挣扎,因此自起来思念拿这些原则写下去。当然我是发现他们以工作的时常常同一个还是多独条件相冲突。我起来记录这些题目,并且总结这些题材的产生是同哪些原则相冲突。当自家起来在手写的时候,我非懂得合发生多少个规范而写,但是通过这个总的历程,我发觉来200单标准即可覆盖所有的题材。我很确信在乘机自更的成材我会总结发生再多之基准。

自我和南工的故事才挪及此处,时间尚有,故事也不曾终止,南工也未会见单独限于今年的实绩和面貌,青春而唱歌,岁月而茶,我的高等学校,一路向上,一路获得,即使发生艰辛闹甜蜜,但终究是艰辛吃生甜,苦中作乐,在南工,我不悔,在南工,我哉如法炮制到了多,我相信自己随后会得重新多,因为南工正缘客神采奕奕的热情洋溢与朝气影响和耳濡目染着时又平等替像自己同的后生!青春无悔,我以南工,一生来你,再管孤寂。

Different principles apply to different aspects of life—e.g., there are
“skiing principles” for skiing, “parenting principles” for parenting,
“management principles” for managing, “investment principles” for
investing, etc—and there are over-arching “life principles” that
influence our approaches to all things. And, of course, different people
subscribe to different principles that they believe work best.

南阳理工学院也是平所充斥着朝气与年轻热情之大学。学校非常厚学生的完美素质发展同身体健康良好习惯的养成。在体育健康教育方面举行的挺用功也不行有效益。每年的五月南工都见面时有发生平等雨后春笋之体育活动比赛–南工杯。像南工杯男,女篮球赛,男,女排球赛,羽毛球,网球等等,都发比赛项目。而于自吧最喜爱的实际上篮球了。以前高中求学压力甚可怜,没有时间及生机去打球,所以到了高校自己告诉自己若多底走,学习打球,所以后来虽入了篮球队,事实证明,我之选是本着之,学校和教职工为坏重视,给了俺们一个颇好之平台去发现自己的兴,真正完成了因人口耶以,以学生学发展也依照,不断完善自己教育教学方法。

规格不同以及针对特别题材之危险区回答,它们是可以在相近之条件遭到给反复用的思想意识。每个游戏都出其的条条框框,聪明的玩家总会以规则帮助她们得逞。这个道理在生活中同样适用。
标准化是朝着成功之征程,它们和自然规律和生存的条条框框和谐统一。对规范知道之更为多,知道之愈发深入,就更加能够当切切实实世界面临快速的生活。

先是不良来南工也是开学来报道。学姐带本人入系楼处手续,第一感到是校好老人多,因为凡直校区,又直白本着主干道往前移动,所以只有看宿舍楼教学楼一好像的,觉得学校当好推崇学生成,嗯,就是这么直接明了。

When I say that these are my principles, I don’t mean that in a
possessive or egotistical way. I just mean that they are explanations of
what I personally believe. I believe that the people I work with and
care about must think for themselves. I set these principles out and
explained the logic behind them so that we can together explore their
merits and stress test them. While I am confident that these principles
work well because I have thought hard about them, they have worked well
for me for many years, and they have stood up to the scrutiny of the
hundreds of smart, skeptical people, I also believe that nothing is
certain. I believe that the best we can hope for is highly probable. By
putting them out there and stress testing them, the probabilities of
their being right will increase.

亚组成部分:我论了自身无比核心的生存条件。我讲述了哟是跟现实生活交互的无比好办法,如何才能够再使得之类似你生活的目标。我还讨论了我们活受到时时遇到的圈套,正是这些骗局妨碍了俺们赢得我们想只要的结果,以及大家怎么重新高速的避免踏入这些骗局。我之阐发非常详细而不单可了解及她们是啊,也可了解及他们为什么叫这么描述,虽然你吧闹或没必要了解自己这么描述的案由。

Part 1: The Importance of Principles原则的重要

I believe that having principles that work is essential for getting what
we want out of life. I also believe that to understand each other we
have to understand each other’s principles.3 That is why I believe we
need to talk about them.

本人相信我们能够过我们怀念使在之真面目就是生不易的准绳。我呢相信了解彼此的前提条件是我们互动熟悉对方的规则。这便是自相信我们出必要讨论这个话题。

We will begin by examining the following questions:
What are principles?
Why are principles important?
Where do principles come from?
Do you have principles that you live your life by? What are they? How
well do you think they will work, and why?

我们以由如下发问开始:
啊是原则?
何以原则如此重要?
基准于哪来?
以你的活受到产生没有产生制定规范?都是何许的准?
它们以公的在着由及什么样的作用,为什么?

Answer all questions with complete honesty, without worrying what I or
others might think. That honesty will allow you to be comfortable living
with your own principles, and to judge yourself by how consistently you
operate by them. If you don’t have many well-thought-out principles,
don’t worry. We will get there together, if we remain open-minded.

无疑的答疑这些问题,不要担心别人怎么想。如实回答会于您更团结的和汝的尺度相处,并且能自己判断是否是种如一的怎么这些条件办事。如果你们来成熟之法,你吗无需顾虑。如果我们能保障开放心态,我们拿联手上学。

  1. What are principles?
    Your values are what you consider important, literally what you
    “value.” Principles are what allow you to live a life consistent
    with those values. Principles connect your values to your actions;
    they are beacons that guide your actions, and help you successfully
    deal with the laws of reality. It is to your principles that you
    turn when you face hard choices.

1)什么是原则?
而的传统是您所认为的重要性的东西。原则就是是给你能够在生活中的显现与而的传统相同的东西。原则链接这你的思想意识和步,他们是指导你行的灯塔。能够助您成之处理具体的条条框框。当我们当选择的时光,我们常常会就此到规则。

  1. Why are principles important?
    All successful people operate by principles that help them be
    successful. Without principles, you would be forced to react to
    circumstances that come at you without considering what you value
    most and how to make choices to get what you want. This would
    prevent you from making the most of your life. While operating
    without principles is bad for individuals, it is even worse for
    groups of individuals (such as companies) because it leads to people
    randomly bumping into each other without understanding their own
    values and how to behave in order to be consistent with those
    values.

2)为什么原则如此重大
具的成功者都遵循格办事。如果没标准我们将故应激的计面对世界,而非是理性思维的结果。当我们当没标准化的点拨下工作,这对于个人与群体都是难。因为咱们当即将促成人们彼此之间不克了解及传统,行为自然吧无能够好好之合。

  1. Where do principles come from?
    Sometimes we forge our own principles and sometimes we accept
    others’ principles, or holistic packages of principles, such as
    religion and legal systems. While it isn’t necessarily a bad thing
    to use others’ principles—it’s difficult to come up with your own,
    and often much wisdom has gone into those already created—adopting
    pre-packaged principles without much thought exposes you to the risk
    of inconsistency with your true values. Holding incompatible
    principles can lead to conflict between values and actions—like the
    hypocrite who has claims to be of a religion yet behaves counter to
    its teachings. Your principles need to reflect values you really
    believe in.

3)原则于哪来?
俺们可自己考虑我们团结一心之法,有些时候我们吧堪学人家的规则要历史人物的规范。但是未经加工之拿来主义是杯水车薪的,如果我们无假思考的照搬别人的标准化,而这些标准和我们的历史观本身有众多冲。这即像一个言行不一的两面派。你的标准要反应而自己之思想意识。

未完待续

无论桥水资本有多成功,我都大有信心,我就根据这些极去运营桥水并收获了硕果。创建好之商号文化,找到适当的浓眉大眼,管理他们去举行尽有前景的事,以及由创造性的缓解问题跟组装一个系,这些还是享有组织都见面面临的挑战。

此处所形容不过是自个儿于这些标准的知情:我活面临的骨干条件,我取自身怀念要东西的不二法门,我保管之为主尺度。综合来说,这些标准的目的是绘制一轴系统的追求真理的图谱,很好之及之追求的长河相伴。我用这些标准编制成册,给那些对桥水资本有所助的口及自我所在乎的丁。

What differentiates them is how they approach these challenges. The
principles laid out in the pages that follow convey our unique ways of
doing these things, which are the reasons for our unique results.
Bridgewater’s success has resulted from talented people operating by the
principles set out here, and it will continue if these or other talented
people continue to operate by them. Like getting fit, virtually anyone
can do it if they are willing to do what it takes.

此作者曾经引出非常主要之几只极:实事求是,主动选择工作不要被动等待,重视各种套路,保持饥饿与愚昧。如果非能够一气呵成上面立几触及,他们将见面成为我们提高路上的惨重阻碍。

自我还有好多适用于外方的规范。举例来说,我欲有朝一日为大家总结发生有关入股之尺度。无论如何,管理极目前凡咱尽需之。因此,本书所形容是那些通过自身深思熟虑的及指向己中之尺度。
3页

There are of course lots of other types of principles. For example, I
hope to one day write about my investment principles. However,
management principles are now what we need most, so here are the ones
that I think make sense and have worked for me.

Introduction ……
Part 1: The Importance of Principles …… 原则的首要
Part 2: My Most Fundamental Life Principles …… 我中心的生存标准
Part 3: My Management Principles …… 我之田间管理原则
© 2011 Ray Dalio

One day I’d like to write a Part 4 on my investment principles. If you
are looking to get the most bang for your buck (i.e., understanding for
the effort), I suggest that you read Parts 1 and 2, and the beginning of
Part 3 (through the Summary and Table of Principles) which will give you
nearly the whole picture. It’s only about 55 pages of a normal size
book.

Introduction
Principles are concepts that can be applied over and over again in
similar circumstances as distinct from narrow answers to specific
questions. Every game has principles that successful players master to
achieve winning results. So does life. Principles are ways of
successfully dealing with the laws of nature or the laws of life. Those
who understand more of them and understand them well know how to
interact with the world more effectively than those who know fewer of
them or know them less well.

其三有是有关自己的田间管理规范。我一度运营桥水资本超过35年,这些规则阐释了桥水资本迄今为止的方法论。这些条件的叙述起来为宏观之观念性的规模,我特意说了一个店铺的最后结果决定为她们之员工跟学识。然后我会深入之解说如何原则适用于创造公司优良之知,雇佣合适的职工,管理他们让他们于一流迈进,系统的化解问题以及更好之做出仲裁。

Since my management principles are simply my most fundamental life
principles applied to management, reading Part 2 will help you to better
understand Part 3, but it’s not required—you can go directly to Part 3
to see what my management principles are and how Bridgewater has been
run.

自我尽盼望之是豪门给这些规则的当儿可深深之思考和持续尝试使用她失去发现什么样能打至最好好之力量。通过不停的用他们,这些规范就是见面打“Ray的标准化”成为“你的规格”。我以脱离你们的视线,就如上化学和网球时教练之影响会慢慢脱离,最终我们见面以注意力集中在咱们正在开的从事,这时候技术使领才真正融合在我们的大脑里。因此,每当我们消化每一个尺码时,请问自己一个题材:我们是不是真正明白了此原则。

怎处理这些挑战让原则有了音量网球之分。
以下所属的准阐述了俺们独一无二的工作方式,正是因这缘故我们呢获得了特殊之成功。桥水资本的成归功给最具天赋的员工仍我们的尺度办事。如果发天赋的公吧能够遵循相同之规格,同样为堪加写同样的中标。就比如健身一样,实际上只有本一定之基准去做就是肯定能拿走我们想如果的个头。

Part 2 explains my most fundamental life principles. I describe what I
believe are the best ways of interacting with reality to learn what it’s
like, and how to most effectively deal with it to get what you want. I
also discuss what I believe are the most common traps that people fall
into that prevent them from getting what they want, and how people’s
lives can be radically better by avoiding them. I wrote this so you can
better understand why my other principles are what they are, though you
don’t need to read this part to understand the others.

总之,我怀念你应当深刻思考去控制:
1.什么是您想要之
2.哟是本质
3.怎么才能够赢得你想要之结果
本身认为你应该举行相同潮清醒周全的思索,如此你不怕好抱你想只要之。

自家的保管极是自在世条件在生活中的利用,阅读第二局部有助于了解第三片,当然你可直接阅读第三组成部分了解桥水资本的凡何等运营的。

Principles by Ray Dalio
What follows are three distinct parts that can be read either
independently or as a connected whole. Part 1 is about the purpose and
importance of having principles in general, having nothing to do with
mine. Part 2 explains my most fundamental life principles that apply to
everything I do. Part 3, explains my management principles as they are
being lived out at Bridgewater.

兴许有平等天我会见刻画第四片,关于本人投资之标准。如果您想取得最特别之报,我提议您看第一、第二有的以及老三有的起来。这些内容会供给您一个全景图。这就是一个55页的小册子。

What is written here is just my understanding of what it takes: my most
fundamental life principles, my approach to getting what I want, and my
“management principles,” which are based on those foundations. Taken
together, these principles are meant to paint a picture of a process for
the systematic pursuit of truth and excellence and for the rewards that
accompany this pursuit. I put them in writing for people to consider in
order to help Bridgewater and the people I care about most.

What I hope for most is that you and others will carefully consider them
and try operating by them as part of your process for discovering what
works best for you. Through this exploration, and with their increased
usage, not only will they be understood, but they will evolve from
“Ray’s principles” to “our principles,” and Ray will fade out of the
picture in much the same way as memories of one’s ski or tennis
instructor fade and people only pay attention to what works.2 So, when
digesting each principle, please…
…ask yourself: “Is it true?”