Failure + Reflection = Progress

Dr. Jamie Richards's picture
on January 15, 2018 - 4:18pm

We can't believe it, but 2018 is already here.

One of the books and people we've been obsessed with lately is Ray Dalio and his book entitled "Principles."

If you don't know who Ray Dalio is: he founded Bridgewater, a financial institution that manages the world's largest hedge fund. He has worked with governments and economic policy makers on all levels and pioneered new ways to manage and grow financial portfolios.

In fact, if you have any money under current financial management, it's safe to say that the techniques Ray Dalio developed are being used to grow your money.

In his latest book Ray writes exclusively of the power of principles and principled thinking in helping live what seems to be a charmed life.

One quote that we've been thinking about and discussing a lot lately is his simple equation in the title:

Failure + Reflection = Progress

We're fascinated with how successful people handle failure, or their perception of failure.

Unlike most of us, they are not embarrassed when they fail, in fact, they expect it, especially when trying out new ideas...some of them even enjoy it because they know it's part of progress.

If you're not embarrassed by your 'failures' you enjoy spending time reflecting on what they taught you and how you can improve the next time you try. This where progress happens.

Ray also writes about how successful people learn from others failures and apply the lessons to their own lives.

The purpose of this podcast is to discuss the lessons that 2017 has taught us and how our thoughts/failures/takeaways can be leveraged by you, to improve your life.


Here Is What We Covered

  • The biggest 'failure' of 2017 and what we learned.
  • How we plan on implementing what we learned to create abetter future for ourselves.

Thank you for joining the Drive to ONE MILLION People Worldwide Living Life By Design.

-- Kreso
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Life By Design Podcast

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