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Almost Everything Is Like A Machine.
-Ray Dalio
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Almost Everything Is Like A Machine.
Ray Dalio
Almost Everything Is Like A Machine.
Views: 8
Topic
Machines
More From Ray Dalio
To Have An Idea Meritocracy, One Needs To Do Three Things. First, They Have To Put Their Honest Thoughts On The Table, For Everyone To Look At And Everyone To Work Through. Second, They Need To Have Thoughtful Disagreement, By Which There Are Quality Exchanges, In Which There's Open Mindedness And The Realization That No One Has All The Right Answers. And You Can Work Through That And Get To Better Answers Because Good Collective Decision Making Is Better Than Any Individual Decision Making. And Third, You Have To Have Ways Of Getting Past The Disagreements If They Remain.
Thoughtful
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I Think The President Of The United States Must Operate By Rules. I Think Our Judicial System Must Operate By The Rules. You Have To Operate By The Rules Of The System, And If You Don't, If You Pull Rank, Then You Lose All Your Credibility.
Thinking
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United States
In Order To Get Past Disagreements, You Just Can't Have One Person With Power Decide. In Other Words, So Just Because I'm A Boss, It Would Be Terrible If I Then Said, "okay, We're Gonna Go Do This." That's Why, After That Thoughtful Disagreement, There Has To Be A Process Of An Idea Meritocracy. That Means Okay, Now You Have To Vote, Not That The Decision Resides With Power. And Then You Vote And Move Beyond It.
Moving
Mean
Thoughtful
Credit Is A Promise To Deliver Money. It Will Produce Gdp But You'll Create Credit... So You Reach A Certain Point That That You Can't Do That Anymore... There Are Choices. And How Do We Best Support, Apportion The Money? How Much Is Going To Be Transferred?
Gdp
Choices
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