Ray Dalio is the founder and CEO of Bridgewater Associates, the largest and most successful hedge fund in the world. He has written a book, Principles, which shares the wisdom he’s learned over his 40-year career in finance. Lesson 1: Two of the most important principles are radical truthfulness and transparency. The more candid you can be about what you have done, are doing, and are going to do in the future, the more accurately can people weigh their feedback to you. What’s more, in a company this ensures mistakes are always uncovered and then learned from, rather than getting swept under the rug.
Bridgewater Associates co-founder Ray Dalio says the best companies are idea meritocracies – an idea meritocracy where the best ideas compete for attention. The Bridgewater team gives employees a safe space to express their ideas, and the team judges them accurately in order to choose which ones to implement.
Random Citizen 