The founder of one of the largest hedge funds in the world has shared four ways in which he finds work-life balance. Hedge funds are notorious for their long and stressful workhours.
Ray Dalio, founder of Bridgewater Associates, with assets under management of more than $124 billion, tweeted about how he managed to "squeeze a whole lot more life into life". He shared four principles and said that he learnt how to do "few of these very well".
His principles stress on working smarter than working harder and that includes saying 'no', prioritising and acknowledging the importance of "leverage".
The four of his principles are as follows:
1. Recognise that everyone has too much to do. Other than working harder for longer hours, there are three ways to fix the problems:
a. Do less by prioritising and saying no.
b. Find the right people to delegate to.
c. Improve your output per hour of input.
2. Prioritise: while you can have virtually anything you want, you can't have everything you want.
3. Allow time for rest and renovation.
4. Constantly think about how to produce leverage.
Dalio has often placed a lot of emphasis on the concept of leverage--or ways to achieve more with less.
He has shared, in an earlier tweet, on how leverage can be made part of everyday functioning. It can be done by actively looking for people who can do certain tasks better than you, using technology and having go-to principles.
He posted, "Leverage in an organization is not unlike leverage in the markets; you're looking for ways to achieve more with less. I am always eager to find people who can do things nearly as well as (and ideally better than) I can so that I can maximize my output per hour.
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"Technology is another great tool for providing leverage. To make training as easy to leverage as possible, document the most common questions and answers through audio, video, or written guidelines, and then assign someone to organize them and incorporate them into a manual, which is updated on a regular basis.
"Principles themselves are a form of leverage--they're a way to compound your understanding of situations so that you don't need to exert the same effort each time you encounter a problem."
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