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AI Summary
- Ray Dalio's core principle is shifting mindset from 'I know I am right' to 'How do I know I am right?', which drives better decision-making more than actual knowledge
- He systemized decision-making and learned that the same patterns repeat throughout history and business, enabling him to anticipate and respond to recurring dynamics
- Like many founders, Ray was terrible at school but hungry for practical knowledge, and he internalized that terrible execution beats mediocre execution