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Radical honesty and radical transparency are key principles in Ray Dalio's philosophy. Radical honesty involves speaking the truth at all times, even when it's uncomfortable or difficult. It's about being open about what you think and feel, and not hiding your thoughts or feelings to spare others' feelings. Radical transparency, on the other hand, is about being open and transparent in all dealings. It involves sharing all information, decisions, and processes openly, so that everyone involved can understand and learn from them. Dalio believes that these principles lead to better understanding, better decision-making, and ultimately, better results.
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Deny the weaknesses. Most people do this and it is the worst choice. Accept the weaknesses and work to convert them into strengths. This is usually the best path, if it works! A good way to know whether this will work is to consider whether the steps necessary are consistent with your nature and natural abilities. Accept the weaknesses and find ways around them. This is the easiest and often most viable path, but the one least followed. Change your goals. This is a good option for people willing to be flexible.
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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...
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