Opening Insights
Ray Dalio is the founder, chair and co-chief investment officer of Bridgewater Associates, the biggest hedge fund in the world, and leader in portfolio management. In his TED Talk titled How to build a company where the best ideas win Dalio stresses the need for businesses to use "radical transparency and algorithmic decision-making to create an idea meritocracy where people can speak up and say what they really think -- even calling out the boss is fair game." As he shares some of the strategies he used to create one of the world's most successful hedge funds, he opens the door to inspiring other organizations to discover how they may "harness the power of data-driven group decision-making."
Informational Insights
Source: https://www.ted.com/talks/ray_dalio_how_to_build_a_company_where_the_best_ideas_win
Possibilities for Consideration
- What if you had a way to bet against the consensus and turn the market tide to ensure you will be right?
- What if there was a way to effectively create collaborative cultures like Dalio communicates on a mass social level?
- What if there was a way to bring INTELLIGENT radical truthfulness and INTELLIGENT radical honesty into communities and cultures?
Add Your Insight
I believe that one of the best ways of getting at truth is reflecting with others who have opposing views and who share your interest in finding the truth rather than being proven right.
RAY DALIO
Collaborative communities don't have to be limited to the boardrooms of Fortune 500 companies.
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