Billionaire Ray Dalio is the founder of Bridgewater, one of the world’s largest and best-performing hedge funds.  Recently, Ray published his lessons in his book, Principles.

Here’s the opening paragraph of Ray Dalio’s book…

“Before I begin telling you what I think, I want to establish that I am a “dumb shit” who doesn’t know much relative to what I need to know. Whatever success I’ve had in life has more to do with my knowing how to deal with my not knowing than anything I know. The most important thing I learned is an approach to life based on principles that helps me find out what’s true and what to do about it.”

The Number 1 Hurdle to your growth and potential?

Closed Mindedness.

Closed Mindedness is not knowing that you don’t know (and not taking deliberate steps to overcome this natural human state).

You must learn to be Open Minded.

Here are some cues that will tell if you are Open-Minded.

  • Open-minded people are not angry when someone disagrees, Close-minded people don’t want their ideas challenged.
  • Open-minded people genuinely believe they could be wrong, Close-minded people are more likely to make statements than ask questions.
  • Open-minded people always feel compelled to see things through others’ eyes, Close-minded people focus much more on being understood than on understanding others.
  • Open-minded people approach everything with a deep-seated fear that they may be wrong, Close-minded people lack a deep sense of humility.

Read more about Ray Dalio and the dangers of Closed Mindedness on Carmine Gallo’s column on Inc magazine.

Question for you: Who is the person that challenges you and your strategies? Who helps you see new perspectives? Hit the comments down below and I’d love to hear who and how 😉

This is an interview that I recorded with Christoph Magnussen during the EO Global Leadership Conference recently. It is part of a series of video blogs that Christoph is producing called: WorkDay Vlog.

Christoph has some great videos on his channel Workday Vlog and Worktools  – covering the new way of work, cloud tools for your company (office 365 vs Google Apps), the life of a tech entrepreneur.

The Making of the Interview

In a new move for the youtube video creator community… we actually have a short facebook live “the making of” video of myself watching Christoph getting ready for the shoot:

Were you at the EO GLC?  What did you learn?  What lesson will you take home and put into your business and into your local chapter?