Download and customize hundreds of business templates for free
Believability-weighted decision-making is a concept introduced by Ray Dalio in his book "Principles". It's a method of decision-making where the opinions of more credible or "believable" people are given more weight. It's not about the number of people who agree with a decision, but the quality, experience, and track record of those people. The idea is to find the most believable people who disagree with an idea and try to understand their reasoning. This approach encourages humility and increases the chances of making the right decision.
Question was asked on:
To guide the best decision-making, find the most believable people who disagrees with an idea and try to understand their thinking. Pay less attention to a person's conclusion and more to the reasoning that led to it. In addition to encouraging humility, believability-weighted decisions increase the chances of being right.
Asked on the following book summary:
How did Ray Dalio, the child of an ordinary medium-class family create the world’s largest, and most successful hedge fund, currently managing over $1...
Download and customize hundreds of business templates for free
Whether to ensure productivity as you work from home or to share tasks across the team, our Productivity Planner deck can help to keep your schedule disciplined and progress in check. This resource is available in both light and dark color themes.
How do you inspire salient ideas and collaborate with your team in a brainstorm session? Use our Mind Map collection to visually organize information by themes, hierarchy, and causal relationships, and find the common thread that can lead you to out-of-the-box thinking. Since solutions are rarely surface-level, deeper exploration of each problem is needed. Mind Maps encourages you to keep digging deeper and draw insights from potential solutions.
Need to manage a company’s books? Our Bookkeeping Dashboard spreadsheet provides detailed charts and graphs to track income, expenses, and profit across any time period. Whether a small business that needs to manage its finances, a bookkeeping and payroll service provider, or an accountant inside a large corporation, use this spreadsheet to easily manage and visualize bookkeeping data to create beautiful reports.
Are you looking to determine which investment opportunities are best for your company, especially when multiple options are available? How can you tell you’re investing your capital in the best project? Our Captial Budgeting template, available in Microsoft Excel and Google Sheets, will help you to evaluate the best projects and opportunities to invest in.