As many readers are aware, during this year I’ve been sharing a number of the principles that I endeavour to follow in my own life. I’ve found they have helped me enormously in relationships and making better decisions.
Early this year I had a friend give me the book “Principles” by Ray Dalio and recommended that I read it. I found it was really interesting reading from a person that has analytically put principles into practice in almost every aspect of his business. I should say from the start that I didn’t agree with everything that he wrote but it was still extremely challenging.
Ray spoke at TED 2017 in Vancouver and in a simple example I think he brilliantly summarised the practical outworking of what it means to work in a radically transparent meritocracy. This allows the staff at his hedge fund, Bridgewater Capital, to focus on the best ideas rather than all the politics that often rips apart many organisations and often results in bad decision making.
He freely admits that it’s not for everyone but the example he uses of radical transparency is eye opening….and extremely challenging. I hope you enjoy the video and find it thought provoking.
Have a great weekend.