How to build a company where the best ideas win | Ray Dalio
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- Опубліковано 9 тра 2024
- What if you knew what your coworkers really thought about you and what they were really like? Ray Dalio makes the business case for using 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. Learn more about how these strategies helped Dalio create one of the world's most successful hedge funds and how you might harness the power of data-driven group decision-making.
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First rate genius. Excited to be living at a time when information like this is available everywhere.
Tell me u have fully read Thus Spoke Zarathustra.
Right?!!!?
@@luckylove72 w
@@luckylove72 w
@@luckylove72 Nietzsche?
This is just awesome! What a time to be alive. Thank you kindly for all the thought-provoking ways to radically transform our lives.❤️
Collective decision making is way better than individual decision making if it’s done right!
Great words Mr. Dalio
Speckles One of the best TED talks I've seen, he is an incredibly interesting guy!
By now I've listened to Ray's TED talk many times, often as I was reading the transcript. In my opinion he was right about the dept crisis in 1982 and thereby deserved a hearing by the congress.
This man echoes with my thoughts and do it so eloquently. If there is ever some esoteric fundamental truths in this world, what he's talking about is certainly some of them.
Awesome! Ray went further on it than anybody else in how to take better decisions.
Thanks a lot Ray.
Wow this is really powerful content. Very informative!
One of the best I've seen, it actually made me think that I am okay and there are people who simply can't open their mind to try to understand what I am saying sometimes.
Thank you very much for sharing this information.
Dalio's speech gave some great thoughts on investing and dot collecting algorithms. I enjoyed the segment on our emotional and intellectual sides that are constantly at odds.
Brilliant! simply brilliant! this gives more power to the people who have more experience on a subject.
This guy has a beautiful voice. Glad he did the audio version of principle mostly himself!
Great talk though.
kitchenentrepreneur
Kitchenentrepreneur true audiobook is awesome
This is absolutely fantastic, so grateful he shared it.
In fact I am dreaming of a social media site, where discussions are handled similarly. I am happy to see such tools are already built. meritocracy of ideas is a nice concept.
This is agreeably to listen ,thank you
When you're worth $17 Billion you can wear wtf you want okay? Also, this guy is a legend.
You can wear anything or nothing if your worth $0.00 as well.
Future ya 100% true but you won't be perceived the same way by others.
@@abercrombiefitch5431 ha ha, 1st time i found the similarity between the very rich & very un-rich, or anti-rich,
no body cares what you wear...
i just found that similarity enlightening funny..... just like how a baby behaves & a very senile 90's years old, needing the pampering & attention, etc.,
is that what you guys are agreeing?
@@hector5749 Facts
@@abercrombiefitch5431 if u care about wat othered people think about u will never be rich
Great Talk..i also just finished his book - 'Principles', and i must say that it is an eye opener, you can learn a lot from this man and his way of thinking!
I enjoy this. Realness and Transparency are my favorite things in life let alone in a company
This whole concept and system is freaking amazing!
Bought his book and really helpful to my personal growth.
A bright and rare example of advanced consciousness and the beauty of genuine perfection in its manifestation. For the first time in my life i see a person with a very similar to mine perception of the `world`. Identical thoughts about honesty, transparency, people's static unflexible opinions that hurts each one of its bearers and at the same time ego not giving you a chance to admit delusion, like an evil firewall, keeps mind in it's own prison, causing infinite algorithm that distorting information on input before analysis. Was very surprized.
I am sincerely glad that this man exists somewhere and have intensions to improve all humanity trying explain his understanding of "fixing" and how to evolve. It's a true Wonder for me. Feel's goOod
Ray, thank you, good job. I agree that together we are stronger!
Thanks you Ray for sharing your wisdom. Greetings for Colombia.
That was quite amazing talk by Ray Dalio. It all seems to have developed from his evaluation of the default of Mexico in August of 1982. He deemed himself as having been too arrogant and found a way to stress test his opinions with the help of his staff, algorythms and computers.
The biggest issue I see is social pressure from seeing other peoples results. The social pressure of not wanting to be called out, or the social pressure to follow what other people are doing. These social cues are hardwired and can change the flow of decisions within a group.
I agree. I don't think it's as easy to see what people are really thinking as he claims.
Could show the opinion grid anonymously to avoid much (not all) of the bias
What a great "lecture"! Ray is such a brilliant and generous man with his wealth of knowledge and experience
I watch this again and again why i watch this i don't know. Great speech ever i heared.
Awesome! What a wise man Ray is. Love the way he managed to create a healthy environment for meaningful and effective relationships. So smart, so simple, so genius!
Lol 😂
This talk is a great summary and supplementary to his book
It's one of the best lecture!
so great! learned a lot. I will put this transparency into practice in my team
That was so interesting. Thank you for sharing 😃
Ray is one of my role models in life. Very inspiring man
Why?
Awesome. Respect for Ray Dalio.
What an amazing human being Ray is, I'm at a loss for words. Just...Thank you.
@pedro garcia I've read the article. I don't get why you say he's a conman... Nobody's perfect and every business this big acts shady sometimes. People are just being human and so does Ray.
So few people teach by pointing out their failures but it’s one of the best ways to learn.
THANK YOU RAY. GENIUS
This is great. I love this!
Thank you Mister Daslio, I love your DOT COLLECTOR, amazing tool for improving our entire lifes
Yaaaaayyyyyy!!!! The book is finally here. Awesome.
With truthfulness and transparency: we all gain!!!
Nice story of Ray learning risk management 👍
Read about this from Steven R covey, and he calls it Valuing the difference. Letting people voice out their opinions getting then involved so they can be committed to the same idea as different as their opinions could be.. This man sounds so wise🥺🥺
Thank you so much sir Ray Dalio 😊
We Love you sir❤
Every word you Said was so true.
appreciation and respect to the legend
A True Genius! Full Transparency with the smartest minds in the world; that's what makes the magic happen!
This is Amazing!
Dalio is the best of the best. He is one of the few who can weigh up arguments from different perspectives and reach a sensible conclusion. He is also weary of fooling himself.
best Ted talk hands down
This is a very insightful TED Talk by Ray Dalio. Planning on reading his book in the future.
You are a npc this is the worst idea in the history of man. It has disastrous implications.. enjoy being a brainless zombie.
@@Tomas-ml9nv I'm a NPC, doesn't make any sense but alright. How is a idea meritocracy "the worst idea in history of man." Elaborate please. You're just throwing fabrications around.
Awesome talk by one of the best.
Great stuff . Enjoyed the video
My boss could learn a thing or two from Dalio. I highlight an issue and mention a way to fix this issue to my boss, and my boss instead got annoyed that I am trying to do his job and assume that I am saying that "he can't think for himself."
Thanks a lot Ray!
Perfect and 100% true.....emotions are good, they make you more human/empthatic.....60% time cloud your judgement, and make you more vulnerable //////////world is tough place........this is the more practical and efficient way to run .......
True! A leader must inspire or his team will expire.
Brilliant, just brilliant.
I love the idea if meritocracy. Brilliant.
His expression is excellent.
I've had great ideas that worked and bad ideas that didn't and I had supporters and critics of both! Googling this soon!
Simply the best HF manager of last 20 y...
Very captivating and inspirational...
I enjoyed reading his Opus Magnum " Principles and How does Work The Economics Machine"
This talk is underrated.
Brilliant man!
Important terms: "collective decision making, idea meritocracy, believability"
I have always liked his insights.
I watched a video of him a while back (which I'm trying to find) and he influenced me to be absolutely honest with myself. No dog at my homework excuses. No excuses at all, just the truth. It has not been easy. But...one of the things that has occurred is that I recognize when someone is lying and it's not in the eyes. It's more about ego and how ego protects us from feeling inferior. Anyway, that's been my experience and I'm wanting to take this philosophy another step.
Hey, if you find that video I'd be very grateful if you could post it under here. Would love watching that myself, your experience sounds awesome!
@@ArberBaj I can't find it but if I ever do I'll let you know.
Thank you very much!
This is so interesting ! What is this kind of thinking and investing called and are there books about it ?
Humility a great thing.
What a great transformation
We appreciate Mr. Ray Dalio’s generosity and effort to share his valuable lessons to help others. Many thanks!
Sir, you are amazing
Tatiana Jimenez
EXCELLENT!
Best Ted Talk..
I love Ray....
HOW do you make people express themselves truthfully and in a way that they care??
I respect Ray Dalio because of his kinda down to earth vibe he has.
Now that's definitely an idea worth spreading !
Looking forward to trying this as an experiment in my startup.
its amazing how there are many diferent ways to sucess, great investors like P. Lynch or WB thinks make decisions alone is the best way. Ray Dalio made coletively, and boths became sucessful
Amazing man!
this is so great and genius
thank you
Ray Dalio, um dos grandes disruptivos modernos existentes. Com certeza as pessoas são baseadas no comportamentos de outros, e essa auto reflexão depois de olhar sobre uma perspectiva mais ampla, pode acabar mudando sua forma de pensar, julgar ou alguma coisa nesse sentido.
I would die to have this man my mentor...
Yan Papi That seems a little counterproductive.
hahaha I was joking but seriously this man is phenomenal.
This is how it should be!!!
What software i can use to rate my team discussion like his? Thank you
Wow! This is genius!
5:16
wow
lighting up
seems so shocking nowadays...
I found out about Dalio in the book An Everyone Culture. A fantastic read on becoming a DDO ( Deliberately Development Organization ). I highly recommend if anyone is interested in how his and two other companies develope and invest in their employees.
All these ideas and principles are pit together in his book " Principles". Pretty good.
Me encanto la charla.
Thomas Aquinas and Aristotele were right at valuing the truth over emotions, amazing story logical thinking.
This is radical in its perspective and explanation but not so radical in the results (that's not a criticism, but an acknowledgement). It also reminds me of Daniel Kahneman's 'Thinking Fast and Slow' (a great book by Nobel prize-winning Economic psychologist), in particular, System 1 and System 2, and a lot of what Ray alludes to and suggests and does is "emotional-intelligent" synthesising. A very good Ted Talk
Dot Collecting is one of the most incredible ways I have ever seen to get people to truly communicate and work well together! Wow!
He is legend
This is quiet something. Taking the idea and leaving the humane part of the person behind. Effective. Impressive.
@david "This is quiet [sic] something." Quite/quiet: You are quite the quiet type.
Great speech, thank you, Mr Ray :)
I need full video
Tony Robbins and Ray Dalio brought me here 💪🏼🙏🏼🔮
How would my believability rating actually be generated? Is it based on how my peers rate me in real-time in meetings? Or is there some feedback loop based on whether the course of action I was recommending actually turned out to be a good one? Or is it based on how I rated my peers' ideas in meetings, which were then compared to actual outcomes?
Put differently, is it a rating of "how believable" I seem in the moment to my peers who may or may not know what they're talking about? Or is there some actual feedback loop of ongoing training data as the actual data comes in and my ideas are shown to be good or bad after the fact?
You make a great argument on how complex a system would have to be.
Personally, I love coworkers who are consistently wrong and complain about everything, as they get the good ideas out there a good 20% of the time. I don't want them punished by a rating system that will require me to step up, be the complainer, then get graded on how accurately I complain.
I don't like correcting people in our current system, as it's counter productive to both general amicable relations, and also with being focused on what I do. It would be an interesting transition.