Saturday Musings - TED Talk by Ray Dalio

Principles - Ray Dailio TED talk

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.

Escrow.com

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.
Michael

0
  776 Hits
  1 Comment
776 Hits
1 Comment

Saturday Musings - How do you make decisions?

In this article, I’m going to make myself a little vulnerable as you read about some of my innermost thoughts. I hope and pray, that you respect this as well as receive some additional insight into what makes Michael Gilmour tick. Ultimately, my goal is to hopefully encourage you to think about your own life and what’s important to you.

Escrow.com

Over the years I’ve found people journey through life in one of three ways:

  1. They avoid making decisions as much as possible and let others make the decisions for them. This is like being flotsam on the water and tossed back and forth while blaming everyone else for the mistakes you find yourself in.
  2. They make decisions based upon what is directly in front of them at that point in time. This is like playing a game of chess by looking one move ahead….you’re unlikely to get anywhere.
  3. They have a core sense of purpose which is based upon a set of beliefs that influence everything they do. Sometimes this core set of values is articulated while most of the time it comes of a sense of what is right and wrong.
Continue reading
0
  2360 Hits
  0 Comments
2360 Hits
0 Comments