The Principles for Success by Entrepreneur & Investor Ray Dalio: A 30-Minute Animated Primer [Video]

Investor and hedge fund man­ag­er Ray Dalio has a net worth of $18.4 bil­lion. That alone would per­suade a great many of us to lis­ten to any and all advice he has to offer, but unlike many mul­ti-bil­lion­aires, he’s also put no small amount of thought into just what advice to give and how to give it. One rea­son is that the pieces of advice he doles out pub­licly began as pieces of advice for him­self, dis­cov­ered through tri­al and error and refined into a set of prin­ci­ples. These he lays out in his book Prin­ci­ples: Life and Work, the con­tent of which he has also dis­tilled into the ani­mat­ed video above, “Prin­ci­ples for Suc­cess by Ray Dalio.”

Dalio breaks down his own jour­ney to suc­cess as the con­tin­ued rep­e­ti­tion of a five-step process:

1. Know your goals and run after them
2. Encounter the prob­lems that stand in the way of get­ting to your goals
3. Diag­nose these prob­lems to get at their root caus­es
4. Design a plan …