According to Merriam-Webster's online dictionary a principle is:
Principles are the most fundamental pieces of truth. Adhering to principles is a proven way to reach success -- if the principles are sound and lead to the desired outcome of course. One example of a sound principle is honesty. Another is collaboration/teamwork. For a more detailed description of principles and how to apply them in life and work I suggest the book Principles by Ray Dalio.
Principles are often disregarded when emotions run high. Irrational exuberance itself is an example of a widespread loss of investing principles in a market. One underrated principle is to avoid re-inventing the wheel. If there is a problem in need of solving there is a good probability someone else in the world is thinking/working on the same issues. It makes sense to work together and build on the work done by those before us. This is the essence of science and the free software movement. To do otherwise (to work from scratch when it is unnecessary) is a waste of resources. Wasting resources makes society poorer. Do not contribute to making society poorer.
What are some of the principles you seek to apply to your own personal or investing?
One the principles that I seek to apply is 'listening'. Actually the principle would be 'sound judgement' and 'listening' could be an act required for that but I tend to treat 'listening' as a principle itself.
My reason for this is fairly simple. There is too much noise in this world and things that should be heard get lost in that noise. This in turn leads to do dissatisfaction in human beings. People need to be heard to know that they matter and I seek to be the listener.
There are other reasons as. Listening is an extremely good way to learn. It is the act of beginning of learning. The child speaks it's first words based on what it hears. Similarly one can learn all sorts of things just by opening one's ear.
That is a great principle. Listening is one of the hardest skills to master. It takes much more energy to listen intently than to speak. But you are right - you can learn much more.
That's one of the reasons that it became my priority. It is so difficult to stick to my guns sometimes. I can't claim that I have mastered the art of listening -more like still in the process.
Jordan Peterson talks about this a lot - especially in his book 12 rules for life. People will tell you a lot if we can only listen.
I've been introduced to the book Principles just recently and I'm looking forward to reading it.
For me, honesty is definitely one of the main principles I'm trying to follow. And I think I'm mostly successful at that, with a few exceptions here and there.
The principle I struggle with the most, but at the same time value the most, is integrity. In my eyes, people with high integrity score the highest.
I think a person need setting goals, following through and achieving them.
Follow these success principles to not only find more opportunities open up in your life but to find greater security as well.
One of the most important principles is not to believe information without looking for other sources and to try to make up your mind ... We are drowning in often conflicting information and it is important to forge its own opinion to avoid handling ...
Agreed.
An over-arching principle for success and satisfaction for every entrepreneur is respect – for yourself, and in business respect for every customer, investor, and employee. Another generic attribute close behind in value is persistence. No amount of talent or genius can take the place of persistence.
I agree. Self-respect is a pre-requisite for dealing with other people in a healthy/productive way.
I agree with most of the commentaries about their principles. They are sound and common-sense. My basic principle is what is called "The Rule of Gold". I don't do to the others what I don't want the others to do to me. It is very generic, but it applies to almost all human interactions.
I have heard that referred to as the Silver Rule. Contrasted with the Golden Rule (as I learned it) "Do unto others as you would have them do unto you".
The rule you described (whatever it is called) is better in my opinion.
I think investing in bitcoin is like investing in securities. For the past 7-8 years, investors have got a lot of returns by investing in bitcoin, as no other investment was recently receivedIf anyone used to invest only 5 to 6 thousand taka (as our country's money) in Bitcoin 7-8 years ago, then the money would now have been 500-600 crore taka. So I think investing in Bitcoin is a good way. Although it is not possible for all the countries invested in this and difficulties (for some conties). It was a very good question @john-robert.
in person, I use principles, will not expect to man, because hopes will make a disappointment and in investment, I am more concerned with patience when the action I will do, eliminate emotions for unstable prices.
Thanks @john-robert
Good post @john-robert, I like your post and I want to share your post @john-robert , thanks you
a good post I was interested in his post and I want to share it @johm-robert
Postingan yang bagus saya suka dengan postingan anda @john-robert saya ingin membagikan postingan anda
Harga bitcoin sekarang makin menurun, harga sbd juga gitu, postingan yang bagus @john-robert
Good post @john-robert, saya baru pemula kalau ada kesalahan mohon maaf, postingan anda sangat bagus
my principle everyone is good but he does not show his kindness because he thinks that people are generous like you @john-robert
Bitcoin price this time how to ride what down, your post is very useful for us thank you @john-robert
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If I think this is my personal principle, I will definitely share with each other I want, everyone can choose the same province, share with each other. Your friend
@john-robert
Nice post @john-robert terima kasih atas informasinya..
a good post makes the readers have a principle of life emang we must have sutu principles and smart thoughts I love with this post and I want to share it @john-robert
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Thank you for your continued support of SteemSilverGold
I really like your post, talk ,, of course I strongly agree with your opinion, kalou prinsib I myself I really want all the work can get a reasonable wage, and people can rise with prinsib good and true, which must have Akluhak honesty is the most important thing in success. Regards @john-robert
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I advice everyone to no leting a market slump change your long-term investment plan.
and Take your losses quickly and your profits slowly. Every 50% loss begins with a 10% loss. Better to take the loss sooner, not later
I believe that honesty and openness are the two most important principles that my parents taught me growing up in regards to all types of relationships.
a law or certainty of nature that clarifies how something functions or why something happens.There is excessively commotion in this world and things that ought to be heard lose all sense of direction in that noise.At a similar time esteem the most,is integrity.People with high uprightness score the highest.One can take in a wide range of things just by opening one's ear.
Interesting question brother,,@john-robert.. I think Bitcoin has the most advantages of investment. But there are some difficulties in business. Because of the limitations of the measurement it is not possible to use it more. Although its price is much higher. Bitcoin investment is the best way to do online, but in our real life it will be difficult to build a career.
Postingan yang sangat bagus saya sangat-sangat suka dengan postingan kamu @john-robert
a good post I was interested in his post and I want to share it @john-robert
One the principles that I seek to apply is 'listening'. Actually the principle would be 'sound judgement' and 'listening' could be an act required for that but I tend to treat 'listening' as a principle itself.
My reason for this is fairly simple. There is too much noise in this world and things that should be heard get lost in that noise. This in turn leads to do dissatisfaction in human beings. People need to be heard to know that they matter and I seek to be the listener.
There are other reasons as. Listening is an extremely good way to learn. It is the act of beginning of learning. The child speaks it's first words based on what it hears. Similarly one can learn all sorts of things just by opening one's ear.