![]() “I learned, being beaten around and making mistakes, that one of the smartest things I could do is find the smartest people who disagree with me, and to understand their perspective and engage in that art of thoughtful disagreement.” ![]() “You have to know the art of thoughtful disagreement,” Dalio explained. Since then, he has championed the notion of an “idea meritocracy,” where everyone is encouraged to lay her or his own principles out on the table. The “magic” was converting Dalio’s written-down thoughts into algorithms that he and others at Bridgewater could apply to their daily work. And then magic happened, wonderful things happened.” “Whenever I would make a decision, I would take time to write down what my criteria for the decisions are - so when I encounter something, I have my principles written down,” Dalio said on the latest episode of Recode Decode, hosted by Kara Swisher. Now he has written a book - with another one planned for 2019 or 2020 - called “Principles: Life and Work.” Over more than four decades, Ray Dalio has built Bridgewater Associates into the largest hedge fund in the world, with $160 billion under management. ![]()
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