![]() ![]() We have a different type of environment in which some behaviors discouraged elsewhere are rewarded here (like challenging one’s superiors), and some behaviors encouraged elsewhere are punished here (like speaking behind a subordinate’s back).”Ģ. We need and admire people who can suspend their egos to get at truth and evolve toward excellence, so we ignore ego-based impediments to truth. In our culture, there is nothing embarrassing about making mistakes and having weaknesses. Yet recognizing mistakes and weaknesses is essential for rapid improvement and excellence. ![]() Most people like compliments and agreement, and they dislike criticisms and conflict. ![]() Two of the biggest impediments to truth and excellence are people’s ego’s and organizational bureaucracy. ![]() I put them in writing for people to consider in order to help Bridgewater and the people I care about most.” Dalio says “Taken together, these principles are meant to paint a picture of a process for the systematic pursuit of truth and excellence and for the rewards that accompany this pursuit. Ray Dalio, the sixty-one-year-old founder of Bridewater Associates, the world’s biggest hedge fund, offers the following management advice. ![]()
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