Part III There are times when reading Work Principles sounds like a diary and other times sounds like a Bible. Ray Dalio’s ultimate tenant is that ‘an idea meritocracy is the best’ because it allows the highest level of success and sustenance in business. His culture of meritocracy is built on radical truth and radical transparency.
Dalio finds proof in his principles as he describes how he has come to all his conclusions. He refers to his life’s work as a game in which passion and goals become his mission. A mission shared by his employees breathes personal accountability, high values and trust that equate into profits and evolution of the company.
Just as the Bible says that love is greatest of all, Dalio states each employee must have the attitude of being more considerate towards the other. When one tries to up another by being even more considerate, then this is the time when even greater things can happen and become achieved. It becomes quite a revolutionary notion with enhanced outcomes. By constantly challenging one another, ‘our people management system operates as effectively as our investment management system.’ Ray is serious about his highest standards and maintaining them.
In the details of the book he sorts out meritocracy from autocracy (top down decision making) and democracy (most popular thinking). Of course, it accompanies revealing clear logic and reason. Shared values will help cohesiveness. Ultimate teamwork challenges employees to use open disagreements and sometimes pain, to determine the best solutions.
Dalio uses ‘believably weighting’ to push his extreme standard of excellence into being. It means getting the smartest persons with adequate strengths to analyze a situation that needs resolution. He believes the future lies in algorithms because of the amount of data that can be fed into a computer for accurate readings to improve decision making, as well. **
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